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Civil Aviation Act 1990

Aerodromes, facilities, and joint venture airports

95: Retention of Crown money in joint venture airport accounts

You could also call this:

"How the government's money from joint venture airports can be used"

When a joint venture airport makes money from its operations, some of this money belongs to the Crown (the government). This money, along with the Crown's share of any fees or charges collected under this law, can be kept in the airport's accounts instead of being put into the government's bank account. The Minister can decide how to use this money for running or improving the airport, but they need to agree with the Minister of Finance first.

The Minister can also ask for any of this Crown money to be paid back to the government. If this happens, the Minister can use the money for anything they think is important, even if it's not related to the airport.

The airport authority (the organisation that runs the airport) can take out their share of money from the airport's accounts too. They can use this money for anything they want, even if it's not about the airport. But if they have to pay some of this money to someone else because of other laws or agreements, they must do that first.

If the airport authority does have to pay some of this money to another person or organisation, that person or organisation can then use the money for whatever they want.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM218572.

Topics:
Transport and travel > Air travel
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Part 10Aerodromes, facilities, and joint venture airports

95Retention of Crown money in joint venture airport accounts

  1. Any money standing to the credit of or held on behalf of the Crown in the accounts of a joint venture airport as a result of the operations of that airport, together with any money representing the Crown's share of the proceeds of any fees or charges imposed under this Act may, with the approval of the Minister of Finance, instead of being paid into a Crown Bank Account, be retained on behalf of the Crown in the accounts of that joint venture airport, and may, without further authority than this section, be used for such purposes in connection with the operation and development of that airport as may be authorised by the Minister with the concurrence of the Minister of Finance.

  2. Notwithstanding any other enactment, rule of law, deed, or agreement, the Minister may require any money standing to the credit of or held on behalf of the Crown in the accounts of a joint venture airport as a result of the operations of that airport, together with any money representing the Crown's share of the proceeds of any fees or charges imposed under this Act, to be paid to the Crown.

  3. Any money paid to the Crown under subsection (2) may, notwithstanding any other enactment, rule of law, deed, or agreement, be used for such purposes (whether or not related to the airport) as the Minister thinks fit.

  4. Notwithstanding any other enactment, rule of law, deed, or agreement, any money standing to the credit of or held on behalf of an airport authority in the accounts of a joint venture airport as a result of the operations of that airport, together with any money representing the airport authority's share of the proceeds of any fees or charges imposed under this Act, may be withdrawn by the airport authority; and, subject to the liability (if any) of the airport authority under any enactment, deed, or agreement to pay any part of such money to any other body or person, may be used for such purposes (whether or not related to the airport) as the airport authority thinks fit.

  5. If any money withdrawn under subsection (4) is paid by an airport authority, pursuant to the liability of the airport authority under any enactment, deed, or agreement, to any other body or person, it may be used for such purposes (whether or not related to the airport) as the body or person receiving it thinks fit.

Compare
  • 1964 No 68 s 13B
  • 1986 No 128 s 8(4)
  • 1987 No 195 s 15
Notes
  • Section 95(1): amended, on , pursuant to section 65R(3) of the Public Finance Act 1989 (1989 No 44).