Local Government Borrowing Act 2011

Preliminary provisions

6: Act binds the Crown

You could also call this:

"The government must follow this law's rules too"

Illustration for Local Government Borrowing Act 2011

This Act applies to the Crown, which means the government. You need to know that the Crown is a term used to refer to the government. The Act's rules apply to the government, just like they apply to everyone else.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3620718.


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5: Application, or

"When a council is in charge of the Funding Agency, this law applies to it."


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7: Funding Agency not a non-bank deposit taker, or

"The Funding Agency doesn't have to follow rules for non-bank deposit takers."

6Act binds the Crown

  1. This Act binds the Crown.