22 Parliamentary control of public finance
  • It shall not be lawful for the Crown, except by or under an Act of Parliament,—

    • (a) to levy a tax; or

    • (b) to borrow money or to receive money borrowed from any person; or.

    • (c) to spend any public money.

    Compare: 1977 No 65 ss 53(1), 70; Bill of Rights art 4 (UK)

    Section 22(b): substituted, on 25 January 2005, by section 37(1) of the Public Finance Amendment Act 2004 (2004 No 113).