Reprint as at 3 June 2017
Wheat Board Amendment Act 1986: repealed, on 3 June 2017, by section 3(1) of the Statutes Repeal Act 2017 (2017 No 23).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 eprint. See the notes at the end of this eprint for further details.
An Act to amend the Wheat Board Act 1965 to provide a new method of grading wheat, and to provide for the removal of regulatory controls on the wheat and flour industry and the eventual abolition of the New Zealand Wheat Board
BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:
(1)
This Act may be cited as the Wheat Board Amendment Act 1986, and shall be read together with and deemed part of the Wheat Board Act 1965 (hereinafter referred to as the principal Act).
(2)
Except as provided in sections 2(3), 6(2), 7(2), 11(3), 13(2), and 14(5) of this Act, this Act shall come into force on the day on which it receives the Governor-General’s assent.
Sections 2 to 11 and 14 were repealed, as from 1 December 1988, by section 4(4) Trade and Industry Act Repeal Act 1986 (1986 No 156).
Having regard to the provisions of section 13 of this Act, the Board shall do all that is necessary to ensure the orderly winding up of the operations of the Board, including—
The payment of all money owed by and the recovery of all debts due to the Board; and
The sale or disposal of all real and personal property belonging to the Board.
The winding up required by subsection (1) of this section shall be effected by the earlier of—
The close of the 31st day of January 1989; or
Where an Order in Council is made under section 13(2)(b) of this Act, the day before the date appointed in that Order in Council as the day on which section 13 of this Act is to come into force.
(3)
The Board shall cause to be prepared final accounts of the Board as at the earlier of—
The 31st day of January 1989; or
Where an Order in Council is made under section 13(2)(b) of this Act, the day before the date appointed in that Order in Council as the day on which section 13 of this Act is to come into force,—
which accounts shall include inventories of all real and personal property belonging to the Board and all real and personal property sold or disposed of by the Board pursuant to subsection (1) of this section since the 31st day of January 1987.
(4)
The Board shall not sell or otherwise dispose of any real or personal property pursuant to subsection (1) of this section without the prior approval of the Minister of Commerce or of some other person authorised in writing by the Minister of Commerce for that purpose, and the proceeds from any such sale or disposition shall be paid into the Consolidated Account.
Subsection (4) was amended, as from 1 December 1988, by section 4(1) Trade and Industry Act Repeal Act 1986 (1986 No 156) by substituting the words “Minister of Commerce” for the word “Minister”.
“Minister of Commerce”
“Minister”
On the commencement of this section—
The Board shall be dissolved; and
All real and personal property belonging to the Board shall become vested in the Crown subject to all liabilities, charges, obligations, or trusts affecting that property; and
All money payable to the Board shall become payable to the Crown; and
All liabilities and obligations of any nature (other than under contracts of employment) and all rights and authorities of any nature whatever of the Board shall become liabilities, obligations, rights, and authorities of the Crown; and
All proceedings pending by or against the Board may be carried on, completed, or enforced by or against the Crown.
This section shall come into force on—
The 1st day of February 1989; or
Such earlier date as may be appointed for the commencement thereof by the Governor General by Order in Council,—
whichever occurs first.
Any Order in Council made under subsection (2) of this section shall not come into force before the expiration of 3 months after the Order in Council has been gazetted.
This is an eprint of the Wheat Board Amendment Act 1986 that incorporates all the amendments to that Act as at the date of the last amendment to it.
This eprint is not an official version of the legislation under section 18 of the Legislation Act 2012.
Statutes Repeal Act 2017 (2017 No 23): section 3(1)