Auckland Airport Act 1987

If you need more information about this Act, please contact the administering agency: Ministry of Transport
2 Interpretation

In this Act, unless the context otherwise requires,—

agreement has the same meaning as in section 29(1) of the State-Owned Enterprises Act 1986

airport means the Auckland International Airport at Mangere in the North Auckland Land District, being an area of approximately 1 100 hectares which includes a runway, an international terminal and a domestic terminal and other buildings, installations and facilities

airport assets means any assets of the Crown, the Auckland Regional Authority or any constituent authority or constituent authorities, (whether held jointly or severally) that are held or used for the purposes of, or in relation to, the airport or that are held for future use for the purposes of the airport; but does not include—

(a)

any assets declared by the Ministers by any notice in the Gazette not to be airport assets; or

(b)

airport reserves other than any airport reserves designated by the Minister of Finance by any notice in the Gazette to be airport assets for the purposes of this Act

airport liabilities means any liabilities of the Crown, the Auckland Regional Authority or any constituent authority or constituent authorities, (whether incurred jointly or severally) that were incurred for the purposes of the airport; but does not include any liabilities declared by the Ministers by any notice in the Gazette not to be airport liabilities

airport reserves means the reserves as shown in the accounts for the year ending on 31 March 1986 of the joint venture for the establishment and operation of the airport constituted under the joint venture agreements and any amounts that ought properly to be treated as being of the same character which accrue immediately before the vesting day; but in any event a sum of not less than $110,000,000

assets has the same meaning as in section 29(1) of the State-Owned Enterprises Act 1986

company means the company formed and registered under section 4

constituent authority means a local authority specified in the Schedule

contributing percentage in relation to a constituent authority, means the percentage specified in relation to that constituent authority in the second column of the Schedule

debt security has the same meaning as in section 2(1) of the Securities Act 1978

equity security has the same meaning as in section 2(1) of the Securities Act 1978

joint venture agreements means—

(a)

the deed dated 25 November 1963 made between Her Majesty the Queen acting by and through the Minister of Works and the Minister in Charge of Civil Aviation of the one part and the body corporate called the Mayor, Councillors, and Citizens of the City of Auckland of the other part:

(b)

the deed dated 14 April 1966 made between Her Majesty the Queen acting by and through the Minister of Works and the Minister of Civil Aviation of the one part and the body corporate called the Auckland Regional Authority of the other part:

(c)

any other agreement relating to the airport to which the Crown is a party together with any 1 or more of the Auckland Regional Authority or a constituent authority which is specified by the Governor-General by Order in Council to be a joint venture agreement for the purposes of this Act

land has the same meaning as in section 2 of the Land Transfer Act 1952

liabilities has the same meaning as in section 29(1) of the State-Owned Enterprises Act 1986

local authority has the same meaning as in section 2 of the Airport Authorities Act 1966

Ministers means the Minister of Finance and the Minister for State-Owned Enterprises acting on behalf of the Crown

shareholding percentage in relation to a constituent authority, means the percentage specified in relation to that constituent authority in the first column of the Schedule

vesting day means the date specified in the first Order in Council made by the Governor-General under section 6.

Section 2 contributing percentage: inserted, on 28 March 1988, by section 2(1) of the Auckland Airport Amendment Act 1988 (1988 No 18).

Section 2 Ministers: substituted, on 1 February 1998, by section 2 of the Auckland Airport Amendment Act 1996 (1996 No 94).

Section 2 shareholding percentage: inserted, on 28 March 1988, by section 2(2) of the Auckland Airport Amendment Act 1988 (1988 No 18).

Section 2 specified percentage: repealed, on 28 March 1988, by section 2(2) of the Auckland Airport Amendment Act 1988 (1988 No 18).