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Gambling Act 2003

Institutions - New Zealand Lotteries Commission - Financial provisions relating to Lotteries Commission

260: Borrowing powers

You could also call this:

"The Lotteries Commission can no longer borrow money."

Illustration for Gambling Act 2003

The Lotteries Commission had the power to borrow money, but this power is no longer available. You can find out more about when this power was removed by looking at the Crown Entities Act 2004. This change happened on 25 January 2005.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM209767.

Topics:
Money and consumer rights > Gambling
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259: Estimates of income and expenditure, or

"The Lotteries Commission must plan how it will earn and spend money each year."

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261: Loans, or

"The Lotteries Commission can lend money to people or companies to help with New Zealand lotteries."

Part 3Institutions
New Zealand Lotteries Commission: Financial provisions relating to Lotteries Commission

260Borrowing powers (Repealed)

    Notes
    • Section 260: repealed, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).