Corporations (Investigation and Management) Order 2006

Reprint
as at 9 July 2008

Crest

Corporations (Investigation and Management) Order 2006

(SR 2006/50)

Silvia Cartwright, Governor-General

Order in Council

At Wellington this 6th day of March 2006

Present:
Her Excellency the Governor-General in Council


Note

Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.

A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.

The Corporations (Investigation and Management) Order 2006 is administered by the Ministry of Economic Development.


Pursuant to section 62 of the Corporations (Investigation and Management) Act 1989, Her Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following order.

Order

1 Title
  • This order is the Corporations (Investigation and Management) Order 2006.

2 Termination of statutory management of certain corporations
  • (1) The corporations specified in Parts 1 and 2 of the Schedule cease to be subject to statutory management at 11.30 am on 10 April 2006.

    (2) The subsidiaries specified in Part 3 of the Schedule do not cease to be subject to statutory management, despite section 62(5) of the Act.


Schedule
Termination of statutory management of certain corporations

cl 2

Part 1
Corporations incorporated in New Zealand

Equiticorp Systems Limited

Equiticorp Trustees Limited

Part 2
Corporation incorporated outside New Zealand

Equiticorp International plc

Part 3
Subsidiaries that remain subject to statutory management

Ararimu Holdings Limited

Equiticorp Finance Group Limited

Equiticorp Financial Services Limited

Equiticorp Holdings Limited

Equiticorp International Number Two Limited

Diane Morcom,
Clerk of the Executive Council.

Explanatory note

This note is not part of the order, but is intended to indicate its general effect.

This order removes certain companies in the Equiticorp group of companies from statutory management under the Corporations (Investigation and Management) Act 1989 at 11.30 am on 10 April 2006.

The companies concerned are—

  • Equiticorp Trustees Limited:

  • Equiticorp Systems Limited:

  • Equiticorp International plc.

The 3 companies were made subject to receivership under the Companies Special Investigations Act 1958 by the Companies Special Investigations Order 1989. The companies were made subject to statutory management under the Corporations (Investigation and Management) Act 1989 by the Corporations (Investigation and Management) Order 1989.

The effect of this order is that, in accordance with section 62(3) of the Corporations (Investigation and Management) Act 1989,—

  • the 3 companies named in the order cease to be subject to statutory management at 11.30 am on 10 April 2006:

  • the appointment of the statutory managers appointed in respect of those companies terminates at that time and on that date for those companies:

  • the appointment of the members of any advisory committees in relation to the statutory management of those companies terminates at that time and on that date for those companies.

The 5 subsidiaries of Equiticorp International plc listed in Part 3 of the Schedule do not cease to be subject to statutory management.


Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 9 March 2006.


Contents

  • 1General

  • 2Status of reprints

  • 3How reprints are prepared

  • 4Changes made under section 17C of the Acts and Regulations Publication Act 1989

  • 5List of amendments incorporated in this reprint (most recent first)


Notes
1 General
  • This is a reprint of the Corporations (Investigation and Management) Order 2006. The reprint incorporates all the amendments to the Corporations (Investigation and Management) Order 2006 as at 9 July 2008, as specified in the list of amendments at the end of these notes.

    Relevant provisions of any amending enactments that have yet to come into force or that contain relevant transitional or savings provisions are also included, after the principal enactment, in chronological order.

2 Status of reprints
  • Under section 16D of the Acts and Regulations Publication Act 1989, reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by the amendments to that enactment. This presumption applies even though editorial changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in the reprint.

    This presumption may be rebutted by producing the official volumes of statutes or statutory regulations in which the principal enactment and its amendments are contained.

3 How reprints are prepared
  • A number of editorial conventions are followed in the preparation of reprints. For example, the enacting words are not included in Acts, and provisions that are repealed or revoked are omitted. For a detailed list of the editorial conventions, see http://www.pco.parliament.govt.nz/legislation/reprints.shtml or Part 8 of the Tables of Acts and Ordinances and Statutory Regulations, and Deemed Regulations in Force.

4 Changes made under section 17C of the Acts and Regulations Publication Act 1989
  • Section 17C of the Acts and Regulations Publication Act 1989 authorises the making of editorial changes in a reprint as set out in sections 17D and 17E of that Act so that, to the extent permitted, the format and style of the reprinted enactment is consistent with current legislative drafting practice. Changes that would alter the effect of the legislation are not permitted.

    A new format of legislation was introduced on 1 January 2000. Changes to legislative drafting style have also been made since 1997, and are ongoing. To the extent permitted by section 17C of the Acts and Regulations Publication Act 1989, all legislation reprinted after 1 January 2000 is in the new format for legislation and reflects current drafting practice at the time of the reprint.

    In outline, the editorial changes made in reprints under the authority of section 17C of the Acts and Regulations Publication Act 1989 are set out below, and they have been applied, where relevant, in the preparation of this reprint:

    • omission of unnecessary referential words (such as of this section and of this Act)

    • typeface and type size (Times Roman, generally in 11.5 point)

    • layout of provisions, including:

      • indentation

      • position of section headings (eg, the number and heading now appear above the section)

    • format of definitions (eg, the defined term now appears in bold type, without quotation marks)

    • format of dates (eg, a date formerly expressed as the 1st day of January 1999 is now expressed as 1 January 1999)

    • position of the date of assent (it now appears on the front page of each Act)

    • punctuation (eg, colons are not used after definitions)

    • Parts numbered with roman numerals are replaced with arabic numerals, and all cross-references are changed accordingly

    • case and appearance of letters and words, including:

      • format of headings (eg, headings where each word formerly appeared with an initial capital letter followed by small capital letters are amended so that the heading appears in bold, with only the first word (and any proper nouns) appearing with an initial capital letter)

      • small capital letters in section and subsection references are now capital letters

    • schedules are renumbered (eg, Schedule 1 replaces First Schedule), and all cross-references are changed accordingly

    • running heads (the information that appears at the top of each page)

    • format of two-column schedules of consequential amendments, and schedules of repeals (eg, they are rearranged into alphabetical order, rather than chronological).

5 List of amendments incorporated in this reprint (most recent first)