Plain language law

New Zealand law explained for everyone

Crown Entities Act 2004

Establishment and governance of Crown entities - Statutory entities - Validity of acts

24: Interpretation

You could also call this:

"What special words mean in this law"

Illustration for Crown Entities Act 2004

When you read sections 15 to 23 of this act, you need to understand what some words mean. The word "act" includes when a statutory entity moves property, rights, or interests to or from someone else. You do something when you perform an action, have a capacity, or exercise a power.

The term "natural person act" refers to something a grown-up can do, like signing a contract to buy or sell something. This can include buying financial products, borrowing money, or dealing with property. It also includes employing someone or getting their services.

When a statutory entity does something, the other party involved is called the "person dealing". This person can be someone who has acquired property, rights, or interests from the statutory entity, as you can see in sections 15 to 23.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

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=DLM329939.

Topics:
Government and voting > Government departments
Previous

23: Dealings between statutory entities and other persons, or

"Protection when dealing with government departments and agencies"

Next

25: Board's role, or

"The board makes big decisions for the organisation"

Part 2Establishment and governance of Crown entities
Statutory entities: Validity of acts

24Interpretation

  1. In sections 15 to 23, unless the context otherwise requires,—

    act includes a transfer of property, rights, or interests to or by a statutory entity

      do includes—

      1. to do an act; and
        1. to have a capacity; and
          1. to have or exercise a power, right, or privilege

            natural person act—

            1. means an act that a natural person of full age and capacity can do (whether or not the act is something that is also authorised by an Act); and
              1. includes entry into a contract for, or relating to,—
                1. acquisition of financial products or borrowing:
                    1. the purchase, leasing, or sale of, or other dealings with, property:
                      1. the employment, or engagement of the services, of a person

                      person dealing—

                      1. means the other party to the transaction, if the act of the statutory entity is a transaction; and
                        1. includes a person who has acquired property, rights, or interests from a statutory entity.

                        Notes
                        • Section 24 natural person act paragraph (b)(i): replaced, on , by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).
                        • Section 24 natural person act paragraph (b)(ii): repealed, on , by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).