When money is paid to the government because of a land exchange under section 15, it goes into a special account. You can think of this account like a savings account for the government. The money in this account is used for things like buying or leasing land for parks, or taking care of the land to make it a nice place for people to visit. The Minister decides how the money is used.
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 It might be out of date or be missing some parts.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=DLM444939.
Where any money is payable to the Crown pursuant to an exchange under section 15, the money shall be paid into the Public Account and credited to the Trust Account and applied in the purchasing or taking on lease, managing, administering, maintaining, protecting, improving, and developing of reserves of any classification, or as consideration for a conservation covenant, as directed by the Minister.
