Act Repealed Latest version as at 01 August 1986 (as enacted) | 1986 No 37

Home Ownership Savings Amendment Act 1986

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Cessation of opening of new Home Ownership Accounts

Home Ownership Savings Amendment Act 1986

Public Act		1986 No 37
Date of assent		1 August 1986

	Title
1	Short Title
2	Cessation of opening of new Home Ownership Accounts
	Administrative information

An Act to amend the Home Ownership Savings Act 1974

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 may be cited as the Home Ownership Savings Amendment Act 1986, and shall be read together with and deemed part of the Home Ownership Savings Act 1974 (hereinafter referred to as the principal Act).

2 Cessation of opening of new Home Ownership Accounts

The principal Act is hereby amended by inserting, after section 2 and before Part I, the following section:

“2a

Notwithstanding any other provision in this Act, no person shall open a Home Ownership Account on or after the 1st day of August 1986.”

This Act is administered in the Housing Corporation of New Zealand.

Home Ownership Savings Amendment Act 1986