Public Finance (Provincial Growth Fund Limited) Order 2019

2019/239

Coat of Arms of New Zealand

Public Finance (Provincial Growth Fund Limited) Order 2019

Patsy Reddy, Governor-General

Order in Council

At Wellington this 30th day of September 2019

Present:
The Right Hon Jacinda Ardern presiding in Council

This order is made under section 3AB(1) of the Public Finance Act 1989 on the advice and with the consent of the Executive Council and on the recommendation of the Minister of Finance.

Order

1 Title

This order is the Public Finance (Provincial Growth Fund Limited) Order 2019.

2 Commencement

This order comes into force on 4 October 2019.

3 Schedule 4A of Public Finance Act 1989 amended

In the Public Finance Act 1989, Schedule 4A, insert in its appropriate alphabetical order the item set out in the Schedule of this order.

Schedule New item inserted in Schedule 4A of Public Finance Act 1989

cl 3

CompanySections of Crown Entities Act 2004 (relating to financial powers)
161162163164165
Provincial Growth Fund Limited✓✓

Michael Webster,
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 4 October 2019, inserts the name Provincial Growth Fund Limited into Schedule 4A of the Public Finance Act 1989. Adding Provincial Growth Fund Limited to Schedule 4A means that, under section 45OA of the Public Finance Act 1989, certain provisions of the Crown Entities Act 2004 apply to the company as if it were a Crown entity company under that Act.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 3 October 2019.

This order is administered by the Treasury.