Local Government Act 1974

Local authority trading enterprises and divestment of undertakings

594G: Listing on Stock Exchange only after special consultative procedures followed

You could also call this:

"Before a local council business can be listed on the Stock Exchange, it must follow special steps."

Illustration for Local Government Act 1974

If you want to list a local authority trading enterprise on the Stock Exchange, special consultative procedures must be followed. You cannot list it without doing this. The rule is in section 594G of the Local Government Act 1974, but this section was repealed on 1 July 2003 by section 266 of the Local Government Act 2002, which you can find on the legislation website.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM422548.


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594F: Reduction of interest in local authority trading enterprise, or

"A law about councils stopping some business activities is no longer in use."


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594H: Ability to hold equity securities in local authority trading enterprises, or

"Councils can own shares in their own businesses"

Part 34ALocal authority trading enterprises and divestment of undertakings

594GListing on Stock Exchange only after special consultative procedures followed (Repealed)

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    • Section 594G: repealed, on , by section 266 of the Local Government Act 2002 (2002 No 84).