Crown Entities (Crown Irrigation Investments Limited) Order 2013

2013/290

Coat of Arms of New Zealand

Crown Entities (Crown Irrigation Investments Limited) Order 2013

Jerry Mateparae, Governor-General

Order in Council

At Wellington this 8th day of July 2013

Present:
His Excellency the Governor-General in Council

Pursuant to section 9(1)(b) of the Crown Entities Act 2004, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following order.

Order

1 Title

  • This order is the Crown Entities (Crown Irrigation Investments Limited) Order 2013.

2 Commencement

  • This order comes into force on 8 August 2013.

3 Schedule 2 of Crown Entities Act 2004 amended

  • In the Crown Entities Act 2004, Schedule 2, insert in its appropriate alphabetical order the item set out in the Schedule of this order.

Schedule
New item inserted in Schedule 2 of Crown Entities Act 2004

cl 3

Name Exemption from acquisition of securities, borrowing, guarantee, and derivative rules Exemption from section 165 (net surplus payable to Crown)
  s 161s 162s 163s 164  
Crown Irrigation Investments Limited ✓     

Rebecca Kitteridge,
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 8 August 2013, adds Crown Irrigation Investments Limited to Schedule 2 of the Crown Entities Act 2004. Adding Crown Irrigation Investments Limited to Schedule 2 makes it a Crown entity company. The order also exempts Crown Irrigation Investments Limited from section 161 of the Crown Entities Act 2004. That section prohibits Crown entities from acquiring certain kinds of securities.

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

Date of notification in Gazette: 11 July 2013.

This order is administered by the Treasury.