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Act In force Latest version as at 03 September 2007 (as enacted) | 2003 No 88 | Administered by The Treasury

New Zealand Railways Corporation Amendment Act 2003

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Act In force Latest version as at 03 September 2007 (as enacted) | 2003 No 88 | Administered by The Treasury

New Zealand Railways Corporation Amendment Act 2003

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New Zealand Railways Corporation Amendment Act 2003

Public Act 2003 No 88
Date of assent 21 October 2003

Contents

1 Title

2 Commencement

3 Unused lands and buildings may be leased

The Parliament of New Zealand enacts as follows:

1 Title
2 Commencement

  • This Act comes into force on the day after the date on which it receives the Royal assent.

3 Unused lands and buildings may be leased

  • (1) The heading to section 33 of the principal Act is amended by omitting the words “Unused lands”, and substituting the word “Lands”.

    (2) Section 33(3) of the principal Act is amended by repealing paragraph (b) of the proviso, and substituting the following paragraphs:

    • “(b) where the rent payable under the lease is not less than an annual rent fixed by a valuation made by a registered valuer; or

    • “(c) where paragraph (a) does not apply and the Corporation considers that it would be impracticable or unreasonable to obtain a valuation for the purposes of paragraph (b).”

    (3) Section 33 of the principal Act is amended by adding the following subsection:

    • “(7) In subsection (3), registered valuer means a valuer registered under the Valuers Act 1948.”

Legislative history
16 October 2003 Divided from Statutes Amendment Bill (No 3), third reading
Act In force Latest version as at 03 September 2007 (as enacted)

New Zealand Railways Corporation Amendment Act 2003

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