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 the day after the date on which it is made, approves a development scheme under the Riccarton Racecourse Development Enabling Act 2016 (the Development Act). That Act facilitates the expeditious residential development of certain land at Riccarton Racecourse, Christchurch.
Section 13 of the Development Act provides that, as soon as is reasonably practicable after a scheme is approved, the chief executive of the Ministry must publish a copy of the scheme on an Internet site maintained by or on behalf of the Ministry so that it is publicly available, free of charge, at all reasonable times.
The order also identifies the deed relating to the Ngāi Tahu right of first refusal, in accordance with section 11(3) of the Development Act.
The effect of this approval order is set out in section 12 of the Development Act. An agreement between the Crown and the Trustees of the Christchurch Racecourse is formed on the terms set out in the scheme and is effective as from the day after the day on which the order is made.
On the day after the date on which this order is made, the following also come into force:
subpart 2 of Part 2 of the Development Act, which provides for the change in status of development land on approval of a development scheme:
Issued under the authority of the Legislation Act 2012.
Date of notification in Gazette: 15 May 2017.
This order is administered by the Ministry of Business, Innovation, and Employment.