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Selwyn Plantation Board Empowering Act 1992

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Selwyn Plantation Board Empowering Act 1992

Local Act	1992 No 4
Date of assent	1 October 1992

Contents

2 Interpretation

3 Power of Board to transfer undertaking to company

4 Principal objective to be successful business

5 Restrictions on issue and transfer of equity securities

6 Liabilities in respect of undertakings

7 Consequential provisions on transfer of undertaking to company

8 Employment deemed to be continuous

9 Saving of certain transactions

10 Effect of registration under Land Transfer Act 1952

11 Board may transfer other land to company

12 Powers of District Land Registrar, etc

13 Execution of covenant

14 Discharge of covenant

15 Stamp duty exemption

16 Gift duty exemption

17 Application of Income Tax Act 2004 and Goods and Services Tax Act 1985

18 Auditor-General to be auditor of company

19 Deeming provisions

20 Abolition of Board, repeals, and revocations, etc

Schedule 1
Canterbury Land District—Selwyn District

Schedule 2
Enactments repealed

Schedule 3
Enactment amended

An Act—

(a) To make provision for the sale and transfer of forestry activities vested in the Selwyn Plantation Board to a limited liability company formed for the purpose of successfully maintaining, developing, utilising, and managing plantation resources; and

(b) To vest the shares in such company in the Selwyn District Council and the Christchurch City Council

BE IT ENACTED by the Parliament of New Zealand as follows: