Family Benefits (Home Ownership) Amendment Act 1960

Public Act		1960 No 61
Date of assent		25 October 1960

	Title
1	Short Title
2	Advances not deemed to be public securities until repayment due

An Act to amend the Family Benefits (Home Ownership) Act 1958

BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:

1 Short Title

This Act he may cited as the Family Benefits (Home Ownership) Amendment Act 1960, and shall be read together with and deemed part of the Family Benefits (Home Ownership) Act 1958 ¹ (hereinafter referred to as the principal Act).

2 Advances not deemed to be public securities until repayment due

Section 7 of the principal Act is hereby amended by adding the following subsection:

“(5)

A charge under this Act shall be deemed not to be a public security for the purposes of the Public Revenues Act 1953, unless it has become repayable pursuant to regulations made under paragraph (g) of subsection (2) of section 9 of this Act.”

¹*1958 No. 106

Sort by

Family Benefits (Home Ownership) Amendment Act 1960