1 Title
2 Commencement
Amendments to Public Finance Act 1989
3 Amendments to Public Finance Act 1989
4 Section 1A amended (Purpose)
5 Section 2 amended (Interpretation)
6 New sections 3B and 3C inserted
3B Power to amend Schedule 5 to reflect name changes
3C Power to amend Schedule 5 to restore company to State-Owned Enterprises Act 1986
7 Section 4 amended (Expenses or capital expenditure must not be incurred unless in accordance with appropriation or statutory authority)
8 Section 27 amended (Annual financial statements of Government)
9 New Part 5A inserted
Part 5AMixed ownership model companies
Preliminary provisions
45P Definitions of mixed ownership model company and other terms
45Q Treaty of Waitangi (Te Tiriti o Waitangi)
51% Crown control
45R Restriction on reduction of the Crown's holding below 51% control
10% limit
45S 10% limit on holdings by persons other than the Crown
45T Effect of exceeding 10% limit
45U Exemption from 10% limit for trustee corporations and nominee companies, etc
45V Power of FMA to remove exemption from 10% limit for trustee corporations, nominee companies, etc
Continuing application of certain provisions
45W Certain provisions of State-Owned Enterprises Act 1986 and other enactments continue to apply
10 New Schedule 5 inserted
Amendments to other enactments
11 Amendments to other enactments
Schedule 1New Schedule 5 inserted
Schedule 2Amendments to other enactments
Legislative history
The Parliament of New Zealand enacts as follows: