When a new law starts, you might wonder what happens to companies that are already owned by the government. The law says that some rules in Subpart 3 of Part 2 do not apply to these companies for a while. This wait period is either 3 years after the rules start or a date chosen by the Minister of Finance, which they will announce in the Gazette, as long as it's within those 3 years.
You will not see these rules apply to these companies until the wait period is over. The Minister of Finance has some control over when the rules start for these companies. They can choose a date and tell everyone about it in the Gazette.
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 It might be out of date or be missing some parts.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=DLM331104.
Subpart 3 of Part 2 does not apply to any company that is a Crown entity subsidiary at the date of commencement of this section until the later of—
