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Maritime Transport Act 1994

Maritime New Zealand - Provisions relating to Authority

436: Restriction applying to statement of intent

You could also call this:

"The Authority must get Minister of Finance approval before talking about borrowing money."

Illustration for Maritime Transport Act 1994

When the Authority wants to say what it intends to do, it cannot include anything about money it plans to borrow without the Minister of Finance agreeing. You need to know that the Authority must get this agreement before it can make any statements about borrowing money. The Minister of Finance has to concur with the Authority on this matter.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM338830.

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Part 29Maritime New Zealand
Provisions relating to Authority

436Restriction applying to statement of intent

  1. Repealed

  2. Repealed

  3. No provision specifying any liabilities the Authority intends to incur may be included in a statement of intent without the concurrence of the Minister of Finance.

Notes
  • Section 436: substituted, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).
  • Section 436 heading: replaced, on , by section 72 of the Crown Entities Amendment Act 2013 (2013 No 51).
  • Section 436(1): repealed, on , by section 72 of the Crown Entities Amendment Act 2013 (2013 No 51).
  • Section 436(2): repealed, on , by section 72 of the Crown Entities Amendment Act 2013 (2013 No 51).