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Local Government Act 1974

Local authority trading enterprises and divestment of undertakings

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

You could also call this:

"Councils can own shares in their own businesses"

Illustration for Local Government Act 1974

You can find information about a law called section 594H, which is part of the Local Government Act 1974. This section is called Ability to hold equity securities in local authority trading enterprises. It was repealed, which means it is no longer a law, on 1 July 2003, by section 266 of the Local Government Act 2002.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM422552.

Topics:
Government and voting > Local councilsBusiness > Industry rules
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"Before a local council business can be listed on the Stock Exchange, it must follow special steps."

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594I: Establishment units, or

"Old law about establishment units that is no longer used"

Part 34ALocal authority trading enterprises and divestment of undertakings

594HAbility to hold equity securities in local authority trading enterprises (Repealed)

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    • Section 594H: repealed, on , by section 266 of the Local Government Act 2002 (2002 No 84).