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New Zealand law explained for everyone

Takeovers Act 1993

Takeovers Panel

5: Establishment of Takeovers Panel

You could also call this:

"Setting up a group to make decisions about takeovers"

Illustration for Takeovers Act 1993

The Takeovers Panel is established. You know it as a Crown entity for the purposes of section 7 of the Crown Entities Act 2004. The Crown Entities Act 2004 applies to the Panel. The Panel has members who act as its board for the purposes of the Crown Entities Act 2004. You can think of the Panel as a group that makes decisions. The Crown Entities Act 2004 has rules that the Panel must follow, except when this Act says otherwise. The Panel is set up to work under the rules of the Crown Entities Act 2004. You can find more information about the Crown Entities Act 2004 on the New Zealand legislation website. The Panel's members are in charge of making decisions for the Panel.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM325581.

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4: Object of this Act, or

"What the Takeovers Act 1993 is trying to achieve"

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6: Membership of Panel, or

"Who Can Be On The Takeovers Panel"

Part 1Takeovers Panel

5Establishment of Takeovers Panel

  1. There is hereby established a panel to be called the Takeovers Panel.

  2. The Panel is a Crown entity for the purposes of section 7 of the Crown Entities Act 2004.

  3. The Crown Entities Act 2004 applies to the Panel except to the extent that this Act expressly provides otherwise.

  4. Members of the Panel are the board for the purposes of the Crown Entities Act 2004.

Notes
  • Section 5(2): replaced, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).
  • Sections 5(3): inserted, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).
  • Sections 5(4): inserted, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).