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Housing Act 1955

Accounts and miscellaneous - Accounts

32: Payments to be made to and by Kāinga Ora–Homes and Communities

You could also call this:

"How Kāinga Ora–Homes and Communities gets and uses money for houses and land"

Illustration for Housing Act 1955

You pay money to Kāinga Ora–Homes and Communities for land and houses they manage. Kāinga Ora–Homes and Communities uses this money to fix and improve houses. They also use it to buy new houses and land as stated in Part 1. You use the money to pay for things like interest on loans and administration costs. Kāinga Ora–Homes and Communities decides how to use the money to manage their assets. They can use money from Parliament to do work on houses and land as stated in Part 1. The Minister of Finance can give Kāinga Ora–Homes and Communities money from Parliament. This money is for housing and managing their assets. Kāinga Ora–Homes and Communities makes decisions on how to manage their money and assets.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM291330.

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"Getting rid of the Housing Account"

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33: Kāinga Ora–Homes and Communities to pay money not required for housing purposes to Crown Bank Account, or

"Kāinga Ora pays extra money to the government if they don't need it for housing."

Part 2Accounts and miscellaneous
Accounts

32Payments to be made to and by Kāinga Ora–Homes and Communities

  1. All amounts payable to the Crown in respect of land, dwellings, buildings, and chattels administered by Kāinga Ora–Homes and Communities under this Act, and all amounts which if this Act had not been passed would have been payable into the Housing Account, shall be paid to Kāinga Ora–Homes and Communities.

  2. Kāinga Ora–Homes and Communities shall pay out of the money received pursuant to subsection (1)—

  3. all necessary expenses which it has to pay for repairing, renovating, rebuilding, and improving any such land, dwellings, buildings, and chattels and keeping them in a fit and proper state:
    1. all amounts required for the acquisition of land, dwellings, buildings, and chattels by Kāinga Ora–Homes and Communities pursuant to Part 1 and for the repair, alteration, enlargement, or improvement thereof:
      1. interest and other charges on the capital liability to the Crown in respect of the land and buildings administered by Kāinga Ora–Homes and Communities:
        1. all expenses of or incidental to the administration of this Act, including such remuneration to Kāinga Ora–Homes and Communities in respect of the administration of this Act as may from time to time be approved by the Minister of Finance:
          1. the amount of any loans or payments which under the provisions of any other Act would have been payable out of the Housing Account if this Act had not been passed.

            1. Kāinga Ora–Homes and Communities shall make such provision as it thinks fit for the depreciation of assets, insurances, reserves, and for such other matters as are in its opinion necessary.

            2. Any money required to carry out works authorized under Part 1 may be paid out of money appropriated by Parliament for the purpose.

            3. Any money required by Kāinga Ora–Homes and Communities for the purposes of this Act or for the purposes of any other Act directing that money may be paid or loans made for the purposes of housing may be paid by the Minister of Finance to Kāinga Ora–Homes and Communities out of public money appropriated by Parliament for the purpose.

            Notes
            • Section 32 heading: amended, on , by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).
            • Section 32(1): amended, on , by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).
            • Section 32(2): amended, on , by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).
            • Section 32(2)(b): amended, on , by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).
            • Section 32(2)(c): amended, on , by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).
            • Section 32(2)(c): amended, on , by section 86(1) of the Public Finance Act 1989 (1989 No 44).
            • Section 32(2)(d): amended, on , by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).
            • Section 32(3): amended, on , by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).
            • Section 32(5): replaced, on , by section 86(1) of the Public Finance Act 1989 (1989 No 44).
            • Section 32(5): amended, on , by section 33 of the Kāinga Ora–Homes and Communities Act 2019 (2019 No 50).