Pursuant to section 36(3) of the New Zealand Railways Corporation Act 1981, Her Excellency the Administrator of the Government, acting on the advice and with the consent of the Executive Council, and on the advice of the Minister of Finance given after a recommendation from the New Zealand Railways Corporation, makes the following order.

1 Title

2 Commencement

3 Increased capital

4 Revocation

Order

1 Title

This order is the New Zealand Railways Corporation (Increased Capital) Order 2009.

2 Commencement

This order comes into force on 26 June 2009.

3 Increased capital

The capital of the New Zealand Railways Corporation is increased from $158,652,246 to $546,946,246.

4 Revocation

The New Zealand Railways Corporation (Increased Capital of the Corporation) Order 2008 (SR 2008/166) is revoked.

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 26 June 2009, increases the capital of the New Zealand Railways Corporation from $158,652,246 (set under the New Zealand Railways Corporation (Increased Capital of the Corporation) Order 2008) to $546,946,246.

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

Date of notification in Gazette: 25 June 2009.

This order is administered by the Treasury.

Sort by

New Zealand Railways Corporation (Increased Capital) Order 2009