Public Finance (Crown Regional Holdings Limited) Order 2021

2021/177

Coat of Arms of New Zealand

Public Finance (Crown Regional Holdings Limited) Order 2021

Patsy Reddy, Governor-General

Order in Council

At Wellington this 5th day of July 2021

Present:
Her Excellency the Governor-General in Council

This order is made under section 3AB(1)(d) 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 (Crown Regional Holdings Limited) Order 2021.

2 Commencement

This order comes into force on 5 August 2021.

3 Schedule 4A of Public Finance Act 1989 amended

(1)

In the Public Finance Act 1989, Schedule 4A, repeal the item related to Provincial Growth Fund Limited.

(2)

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(2)

CompanySections of Crown Entities Act 2004 (relating to financial powers)
161162163164165
Crown Regional Holdings 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 amends Schedule 4A of the Public Finance Act 1989 in order to rename the Provincial Growth Fund Limited, a non-listed company in which the Crown is the sole shareholder, as Crown Regional Holdings Limited. This order comes into force on 5 August 2021.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 8 July 2021.

This order is administered by the Ministry of Business, Innovation, and Employment.