Pursuant to section 28(1)(a), (g), and (h) of the State-Owned Enterprises Act 1986, His Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, hereby makes the following order.

1 Title and commencement

2 Vesting of assets

3 Notice

4 Registration

Order

1 Title and commencement

(1) This order may be cited as the State-Owned Enterprises (Landcorp Investments Limited) Vesting Order 1989.

(2) This order shall come into force on 26 June 1989.

2 Vesting of assets

The following assets of the Crown, namely,—
- (a) the right, title, estate, and interest of the Crown as mortgagee in and under each mortgage by which money owing to the Crown under the Land Act 1948 was secured at the commencement of 31 March 1987:
- (b) the right, title, estate, and interest of the Crown as grantee under each instrument by way of security (within the meaning of section 2 of the Chattels Transfer Act 1924) by which money owing to the Crown under the Land Act 1948 was secured at the commencement of 31 March 1987,—
(being assets of the Crown which Landcorp Investments Limited has agreed to have transferred to it) are hereby vested in Landcorp Investments Limited, a subsidiary of Land Corporation Limited.

3 Notice

This order shall be deemed to be notice to all persons, and specific notice of this order need not be given to any authority or other person.

4 Registration

(1) Where the right, title, estate, and interest of the Crown as mortgagee in and under a mortgage registered under the Land Transfer Act 1952 is vested in Landcorp Investments Limited by clause 2, the District Land Registrar for the land registration district in which the mortgage is registered is hereby directed, on application made in accordance with section 99A of the Land Transfer Act 1952, to register and record the vesting in Landcorp Investments Limited of that right, title, estate, and interest.

(2) Where the right, title, estate, and interest of the Crown as grantee under an instrument by way of security registered under the Chattels Transfer Act 1924 is vested in Landcorp Investments Limited by clause 2, the Registrar of the High Court Office in which the instrument is registered is hereby directed, on the application of Landcorp Investments Limited, to register and record the vesting in Landcorp Investments Limited of that right, title, estate, and interest.
(3) Where a charge registered under section 102 of the Companies Act 1955 is created or evidenced by—
- (a) a mortgage to which subclause (1) applies; or
- (b) an instrument by way of security to which subclause (2) applies,—
the Registrar of Companies is hereby directed, on the application of Landcorp Investments Limited, to register and record that Landcorp Investments Limited is the person entitled to that charge.

Marie Shroff,
Clerk of the Executive Council.

Explanatory note

This note is not part of the order, but is intended to indicate its general effect.

This order, which comes into force on 26 June 1989, vests in Landcorp Investments Limited the following assets of the Crown, namely,—

(a) mortgages by which money owing to the Crown under the Land Act 1948 was secured at the commencement of 31 March 1987; and

(b) instruments by way of security by which money owing to the Crown under the Land Act 1948 was secured at the commencement of 31 March 1987.

Landcorp Investments Limited is a subsidiary of Land Corporation Limited.

Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 8 June 1989.

1General
2Status of reprints
3How reprints are prepared
4Changes made under section 17C of the Acts and Regulations Publication Act 1989
5List of amendments incorporated in this reprint (most recent first)

Notes

1 General

This is a reprint of the State-Owned Enterprises (Landcorp Investments Limited) Vesting Order 1989. The reprint incorporates all the amendments to the order as at 9 June 1989, as specified in the list of amendments at the end of these notes.

Relevant provisions of any amending enactments that contain transitional, savings, or application provisions that cannot be compiled in the reprint are also included, after the principal enactment, in chronological order. For more information, see http://www.pco.parliament.govt.nz/reprints/ .

2 Status of reprints

Under section 16D of the Acts and Regulations Publication Act 1989, reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by the amendments to that enactment. This presumption applies even though editorial changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in the reprint.

This presumption may be rebutted by producing the official volumes of statutes or statutory regulations in which the principal enactment and its amendments are contained.

3 How reprints are prepared

A number of editorial conventions are followed in the preparation of reprints. For example, the enacting words are not included in Acts, and provisions that are repealed or revoked are omitted. For a detailed list of the editorial conventions, see http://www.pco.parliament.govt.nz/editorial-conventions/ or Part 8 of the Tables of New Zealand Acts and Ordinances and Statutory Regulations and Deemed Regulations in Force.

4 Changes made under section 17C of the Acts and Regulations Publication Act 1989

Section 17C of the Acts and Regulations Publication Act 1989 authorises the making of editorial changes in a reprint as set out in sections 17D and 17E of that Act so that, to the extent permitted, the format and style of the reprinted enactment is consistent with current legislative drafting practice. Changes that would alter the effect of the legislation are not permitted.

A new format of legislation was introduced on 1 January 2000. Changes to legislative drafting style have also been made since 1997, and are ongoing. To the extent permitted by section 17C of the Acts and Regulations Publication Act 1989, all legislation reprinted after 1 January 2000 is in the new format for legislation and reflects current drafting practice at the time of the reprint.

In outline, the editorial changes made in reprints under the authority of section 17C of the Acts and Regulations Publication Act 1989 are set out below, and they have been applied, where relevant, in the preparation of this reprint:
- •omission of unnecessary referential words (such as “of this section” and “of this Act”)
- •typeface and type size (Times Roman, generally in 11.5 point)
- •layout of provisions, including:
  - •indentation
  - •position of section headings (eg, the number and heading now appear above the section)
- •format of definitions (eg, the defined term now appears in bold type, without quotation marks)
- •format of dates (eg, a date formerly expressed as “the 1st day of January 1999” is now expressed as “1 January 1999”)
- •position of the date of assent (it now appears on the front page of each Act)
- •punctuation (eg, colons are not used after definitions)
- •Parts numbered with roman numerals are replaced with arabic numerals, and all cross-references are changed accordingly
- •case and appearance of letters and words, including:
  - •format of headings (eg, headings where each word formerly appeared with an initial capital letter followed by small capital letters are amended so that the heading appears in bold, with only the first word (and any proper nouns) appearing with an initial capital letter)
  - •small capital letters in section and subsection references are now capital letters
- •schedules are renumbered (eg, Schedule 1 replaces First Schedule), and all cross-references are changed accordingly
- •running heads (the information that appears at the top of each page)
- •format of two-column schedules of consequential amendments, and schedules of repeals (eg, they are rearranged into alphabetical order, rather than chronological).

State-Owned Enterprises (Landcorp Investments Limited) Vesting Order 1989