Local Government Act 1974

Local authority trading enterprises and divestment of undertakings

594C: Transfer of existing undertaking to local authority trading enterprise where local authorities have majority interest

You could also call this:

"When a local council controls a business, it can take over an existing project."

Illustration for Local Government Act 1974

If you look at a part of the law called section 594C, you will see it is about transferring an existing undertaking to a local authority trading enterprise. You need to know that local authorities must have a majority interest in the enterprise for this to happen. This section of the law was repealed, which means it is no longer in effect, and this change occurred on 1 July 2003, as stated in the Local Government Act 2002.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM422535.


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594B: Definition of local authority trading enterprise, or

"What is a local authority trading enterprise?"


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594D: Transfer of existing undertaking to local authority trading enterprise or other entity in which local authority will not have majority interest, or

"When a council sells a business it already owns to a new company it doesn't fully control"

Part 34ALocal authority trading enterprises and divestment of undertakings

594CTransfer of existing undertaking to local authority trading enterprise where local authorities have majority interest (Repealed)

    Notes
    • Section 594C: repealed, on , by section 266 of the Local Government Act 2002 (2002 No 84).