Reprint as at 3 June 2017
Finance Act 1945: repealed, on 3 June 2017, by section 3(1) of the Statutes Repeal Act 2017 (2017 No 23).
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.
This Act is administered by the Treasury.
An Act to make provision with respect to public finance and other matters
This Act may be cited as the Finance Act 1945.
There may from time to time, without further appropriation than this section, be paid out of any account established under the Marketing Act 1936 such sums as the Minister of Marketing may, in accordance with agreements entered into with representatives of the industry concerned, approve as payment of or contributions towards any expenditure incurred or required to be incurred for the purpose of subsidising the costs of the production or marketing of any goods of the class or classes in relation to which the account has been established, or for the purpose of equalising as far as possible the net returns received or payable in respect of any such goods.
Amendment(s) incorporated in the Act(s).
Section 4: repealed, on 16 October 1952, by section 8(4) of the Public Revenues Amendment Act 1952 (1952 No 26).
Section 5: repealed, on 1 April 1948, by section 91(1) of the Superannuation Act 1947 (1947 No 57).
Part 2: repealed, on 1 January 1955, by section 175(1) of the Stamp Duties Act 1954 (1954 No 52).
Section 6: repealed, on 1 January 1955, by section 175(1) of the Stamp Duties Act 1954 (1954 No 52).
Section 7: repealed, on 1 January 1955, by section 175(1) of the Stamp Duties Act 1954 (1954 No 52).
Section 8: repealed, on 1 January 1955, by section 175(1) of the Stamp Duties Act 1954 (1954 No 52).
Section 9: repealed, on 1 January 1955, by section 175(1) of the Stamp Duties Act 1954 (1954 No 52).
Section 10: repealed, on 1 January 1955, by section 175(1) of the Stamp Duties Act 1954 (1954 No 52).
Section 11: repealed, on 1 January 1955, by section 175(1) of the Stamp Duties Act 1954 (1954 No 52).
Section 12: repealed, on 1 January 1955, by section 175(1) of the Stamp Duties Act 1954 (1954 No 52).
Section 13: repealed, on 1 April 1957, by section 135(1) of the Local Authorities Loans Act 1956 (1956 No 63).
Section 14: repealed, on 1 April 1957, by section 135(1) of the Local Authorities Loans Act 1956 (1956 No 63).
Section 16: repealed, on 1 December 1950, by section 41(5) of the Finance Act 1950 (1950 No 93).
The provisions of the Legislature Act 1908, or of the Electoral Act 1927, or of any other Act, as to the disqualification of members of the General Assembly or of candidates for election as members of Parliament, shall not apply with respect to any payment that has been or may hereafter be received out of public moneys by any such member or candidate by way of remuneration or travelling allowance or reimbursement of travelling expenses in respect of services as a member of the Commission appointed by the Governor-General on 31 January 1945 to inquire into and report upon licensing matters.
Where any moneys are owing by a trading company within the meaning of Part 6 of the National Expenditure Adjustment Act 1932 (whether on account of goods supplied or services rendered or otherwise), and under any contract or agreement, written or verbal, express or implied, those moneys bear interest until repayment at an agreed rate, the moneys shall be deemed for the purposes of the said Part 6 to have been borrowed by the company under a contract of deposit on the date on which they commenced to bear interest or on the date of the passing of this Act (whichever date is the later), unless—
the contract or agreement is expressed in a mortgage or other instrument by way of security; or
the contract or agreement is expressed in debentures issued in a series by an incorporated company; or
the moneys became owing in the course of a bona fide mercantile current account, either on account of goods sold by the trading company as an agent or on account of goods supplied to the company.
Section 18(c): inserted, on 7 December 1945, by section 50(1) of the Finance Act (No 2) 1945 (1945 No 45).
This is a reprint of the Finance Act 1945 that incorporates all the amendments to that Act as at the date of the last amendment to it.
Reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by any amendments to that enactment. Section 18 of the Legislation Act 2012 provides that this reprint, published in electronic form, has the status of an official version under section 17 of that Act. A printed version of the reprint produced directly from this official electronic version also has official status.
Editorial and format changes to reprints are made using the powers under sections 24 to 26 of the Legislation Act 2012. See also http://www.pco.parliament.govt.nz/editorial-conventions/.
Statutes Repeal Act 2017 (2017 No 23): section 3(1)
Local Authorities Loans Act 1956 (1956 No 63): section 135(1)
Stamp Duties Act 1954 (1954 No 52): section 175(1)
Public Revenues Amendment Act 1952 (1952 No 26): section 8(4)
Finance Act 1950 (1950 No 93): section 41(5)
Superannuation Act 1947 (1947 No 57): section 91(1)
Finance Act (No 2) 1945 (1945 No 45)