Reprint as at 1 April 2014
Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.
Note 4 at the end of this reprint provides a list of the amendments incorporated.
Title
1 Short Title
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 2007 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 1Canterbury Land District—Selwyn District
Schedule 2Enactments repealed
Schedule 3Enactment amended
Reprint notes
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