New Zealand Railways Corporation Amendment Act 1989
New Zealand Railways Corporation Amendment Act 1989
New Zealand Railways Corporation Amendment Act 1989
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New Zealand Railways Corporation Amendment Act 1989
Public Act |
1989 No 55 |
|
Date of assent |
31 July 1989 |
|
Contents
An Act to amend the New Zealand Railways Corporation Act 1981
BE IT ENACTED by the Parliament of New Zealand as follows:
1 Short Title
This Act may be cited as the New Zealand Railways Corporation Amendment Act 1989, and shall be read together with and deemed part of the New Zealand Railways Corporation Act 1981 (hereinafter referred to as the principal Act).
2 Power to enter into swaps or other financial arrangements
The principal Act is hereby amended by inserting, after section 37, the following section:
“37a
For the purposes of clarification and the avoidance of doubt, it is hereby declared that the Corporation may, from time to time, if it appears to the Corporation to be necessary or expedient to do so, enter (either directly or through an intermediary) into any arrangement with any person, organisation, or government (in this section referred to as the other party), either within or outside New Zealand, whereby the Corporation undertakes to make payments to, or to the account of, the other party in any currency and the other party undertakes to make payments to, or to the account of, the Corporation in the same or any other currency.”
This Act is administered in the New Zealand Railways Corporation.
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Versions
New Zealand Railways Corporation Amendment Act 1989
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