New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) On 1 April each year, the Māori Trustee must pay into each account in the Common Fund the aggregate of the monthly entitlements calculated under regulation 8 for the preceding 12 months, except to the extent that any part of the entitlement has been paid into an account during that time, as permitted by subclause (3).
(2) Despite subclause (1), on 1 April 2010, the Māori Trustee is required to pay into each account the aggregate monthly entitlements calculated under regulation 8 for the preceding 9 months.
(3) Subclauses (1) and (2) do not prevent the Māori Trustee from making payments of distributable income to particular account holders at other times that the Māori Trustee considers appropriate in all the circumstances.
