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Local Government Act 1974

Accounting documents, special funds, trading undertakings, and expenditure - Special provisions as to trading undertakings

212: Investment of asset renewal charge

You could also call this:

"Old rule about investing money to replace old things is no longer used."

Illustration for Local Government Act 1974

The investment of asset renewal charge is something that was part of the law, but it is no longer in effect. You can find out what happened to it by looking at the Local Government Amendment Act (No 2) 1989, which is available at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM159236. This change occurred on 1 July 1990, when section 22(1)(c) of the Local Government Amendment Act (No 2) 1989 came into effect.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM419507.

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Government and voting > Local councilsHousing and property > Land use
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"Asset renewal charge: a removed law about paying for asset renewal"

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Part 12Accounting documents, special funds, trading undertakings, and expenditure
Special provisions as to trading undertakings

212Investment of asset renewal charge (Repealed)

    Notes
    • Section 212: repealed, on , by section 22(1)(c) of the Local Government Amendment Act (No 2) 1989 (1989 No 29).