A divestment unit is a part of a transport-related business that can be sold. You might hear that a divestment unit has been repealed, which means it is no longer part of the law. This happened on 13 November 2003, when section 90 of the Land Transport Management Act 2003 came into effect.

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This page was last updated on 10 September 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM422810.

Topics:

Government and voting > Local councilsTransport and travel > Public transport

594ZUA: Unitary authority not to have interest in passenger transport undertaking or operation after 30 June 1992, or

"Unitary authorities can't run passenger transport services after 30 June 1992"

594ZW: Function of divestment units, or

"What 'divestment units' used to do, before the law was changed in 2003."

Part 34BTransport-related enterprises and divestment of undertakings

594ZVDivestment units (Repealed)

Notes

Section 594ZV: repealed, on 13 November 2003, by section 90 of the Land Transport Management Act 2003 (2003 No 118).