26 Minister may determine terms and conditions of capital injections

(1)

The Minister, after consultation with the Minister responsible for an entity, may—

(a)

determine the terms and conditions under which any capital injection authorised by an appropriation under section 7A(1)(e) or any other authority is to be made to that entity; and

(b)

vary those terms and conditions at any time.

(2)

However, subsection (1)(b) does not apply in respect of a State enterprise named in Schedule 1 of the State-Owned Enterprises Act 1986.

Section 26: substituted, on 25 January 2005, by section 7 of the Public Finance Amendment Act 2004 (2004 No 113).

Section 26(1)(a): amended, on 1 July 2014, by section 74 of the Public Finance Amendment Act 2013 (2013 No 50).