Plain language law

New Zealand law explained for everyone

Local Government Act 1974

Local authority trading enterprises and divestment of undertakings - Transfers of undertakings

594ZPA: Restriction on lending to local authority trading enterprise

You could also call this:

"No lending to council businesses"

Illustration for Local Government Act 1974

There is a rule about lending money to a local authority trading enterprise. You need to know that this rule is part of the Local Government Act 1974. This rule is called section 594ZPA.

This rule was repealed, which means it is no longer in force, on 1 July 2003. The rule was repealed by section 266 of the Local Government Act 2002. You can find more information about this by looking at the Local Government Act 2002.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

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=DLM422679.

Topics:
Government and voting > Local councilsBusiness > Industry rules
Previous

594ZP: Prohibition on guarantees, etc, or

"Councils can't promise to pay debts for others: this law was removed in 2003"

Next

594ZQ: Interpretation, or

"What words in the law mean"

Part 34ALocal authority trading enterprises and divestment of undertakings
Transfers of undertakings

594ZPARestriction on lending to local authority trading enterprise (Repealed)

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    • Section 594ZPA: repealed, on , by section 266 of the Local Government Act 2002 (2002 No 84).