Sport and Recreation New Zealand Act 2002

Sport and Recreation New Zealand - Financial provisions

49: Agency not to borrow money without consent of Minister of Finance

You could also call this:

"The agency must ask the Minister of Finance before borrowing money."

Illustration for Sport and Recreation New Zealand Act 2002

The Sport and Recreation New Zealand Act 2002 has a rule that says you cannot borrow money without asking the Minister of Finance first. This rule is part of the financial provisions in the act. The rule was repealed, which means it is no longer in effect, as of 25 January 2005, by section 200 of the Crown Entities Act 2004, which you can find on the legislation.govt.nz website.

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This page was last updated on 29 September 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM157659.

Topics:

Money and consumer rights > TaxesGovernment and voting > Government departments

48: Loans and endowments, or

"The Agency can give loans and manage special funds to help with sport and recreation in New Zealand."

50: Auditor-General to be auditor of Agency, or

"The Auditor-General checks the Agency's money."

Part 2Sport and Recreation New Zealand
Financial provisions

49Agency not to borrow money without consent of Minister of Finance (Repealed)

Notes

Section 49: repealed, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).