This Act may be cited as the Maori Affairs Restructuring Amendment Act 1996, and shall be read together with and deemed part of the Maori Affairs Restructuring Act 1989 (hereinafter referred to as the principal Act).

(1) The principal Act is hereby amended by repealing section 86.

(2) Notwithstanding the repeal effected by subsection (1) of this section, but subject to subsection (3) of this section, subsections (2) and (3) of section 86 of the principal Act and subsections (5) to (7) and (10) of section 85 of the principal Act shall continue to apply (as if subsection (1) of this section had not been enacted) in relation to any money advanced under section 86 of the principal Act before the commencement of this Act.

(3) Notwithstanding subsection (2) of this section, no money advanced before the commencement of this Act under section 86 of the principal Act shall, after the commencement of this Act, be readvanced under section 85(6) of the principal Act.