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Reserves Act 1977
Classification and management of reserves
Management and control of reserves
39B: Financial statements may comply with standards rather than generally accepted accounting practice

1Short Title and commencement 2Interpretation

Part 1:
Administration

3General purpose of this Act 4Minister may require reports as to land to be reserved or otherwise protected 5Restricting application of this Act 5ADirector-General to administer special leases and grazing permits over certain reserves 6Powers of Minister in cases of doubt 7Director of Reserves 8Rangers 9Committees 10Delegation of Minister's powers 11Department may engage persons on contract

Part 2:
Acquisition of land for reserves

12Minister's powers 13Governor-General may declare reserve to be national reserve 14Local authority may declare land vested in it to be a reserve 15Minister may authorise exchange of reserves for other land 15AAAdministering body may authorise exchange of recreation reserve land for other land

Part 2A:
Policy

15AGeneral policy

Part 3:
Classification and management of reserves

Part 4:
Financial provisions

78Application of revenue from reserves 79Funds of administering bodies 80Expenditure of funds 81Unauthorised expenditure 82Application of proceeds of land where reservation revoked 83Application of proceeds from exchange 84Minister may authorise diversion of money 85Minister may authorise expenditure of money on land that is not a reserve 85AMinister may authorise certain administering bodies to spend proceeds from certain reserves for other purposes 86Payment of rates on Maori reservations 87Payment of rates on protected private land 88Financial statements and audit 88ACrown entities 89Contributions and advances by local authorities 90Borrowing powers of administering body 91Administering body may have debit in accounts in anticipation of revenue 92Relief of lessees and licensees of reserves

Part 5:
Miscellaneous provisions

Offences

93Powers of constables, rangers, and other officers 94Offences on reserves 95Seizure and forfeiture of property 96Trespassing animals 97Damage by fire 98Offences with respect to officers or rangers 99Time for filing charging document 100Stopping and searching of boats 100ARemoval of boats in certain circumstances 101Proceedings in respect of offences 102Evidence of offences 102APenalties for certain offences 102BPenalties for offences committed for commercial gain or reward 103Penalties 104Penalty for breach of bylaws 104ASentence of community work 105Application of fines

Infringement offences

105ARelationship between infringement offences and other offences 105BUnauthorised actions in reserves 105CLittering 105DUsing or receiving items removed unlawfully from reserve 105EAltering boundary marks or items issued by Minister, Department, or administering body 105FFailure to remove animal, vehicle, aircraft, or boat 105GUnauthorised entry 105HAnchoring or mooring of boat in breach of notice or permit 105IDamage by fire 105JProceedings for infringement offences 105KWho may issue infringement notices 105LInfringement notices 105MReminder notices 105NPayment of infringement fees 105OPenalties for infringement offences

Bylaws

106Bylaws 107Procedure for making bylaws 108Bylaws to be approved by Minister

Mining

109Application of Mining Act 1971 and Coal Mines Act 1925 to reserves

General provisions

110Removal and disposal of vehicles and boats 111Road reserve may be dedicated as a road 112Registrar-General of Land not to give effect to dealings not in conformity with trusts 113Form of leases and licences of reserves 114Variation of covenants, terms, and conditions in leases and licences 115Transfers, subleases, and mortgages 116Record of title in respect of reserves 117Commissioner may execute documents on behalf of the Crown 118Commissioner may act in proceedings on behalf of the Crown 119Notices 120Rights of objection and of making submissions 121Minister may give conditional consent or approval 122Special provisions as to reserves administered under Tourist and Health Resorts Control Act 1908 122AControl of dogs 123Regulations 123ARegulations relating to infringement offences 124Amendments 125Repeals

Schedule 1:
Basic provisions applicable to leases or licences of recreation reserves and scenic reserves

Schedule 2:
Enactments amended

Schedule 3:
Enactments repealed

Schedule 4:
Land that may be held as reserve

Reserves Act 1977

Classification and management of reserves - Management and control of reserves

39B: Financial statements may comply with standards rather than generally accepted accounting practice

You could also call this:

"Boards can choose to follow special accounting rules or standard accounting practices."

If you are on a board that is not a specified not-for-profit entity, you do not have to follow a certain rule from the Crown Entities Act 2004. You must make sure the board's financial statements follow either generally accepted accounting practice or a non-GAAP standard. You can choose which one to follow for the purposes of this section. This rule is affected by section 39A.

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This page was last updated on 18 September 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6046716.

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39A: Annual financial statements, or

"Money reports the board must do each year, or not, if the Minister of Finance agrees"

40: Functions of administering body, or

"Who looks after a reserve and what they must do"

Part 3Classification and management of reserves
Management and control of reserves

39BFinancial statements may comply with standards rather than generally accepted accounting practice

If a board is not a specified not-for-profit entity,—
section 154(3)(a) of the Crown Entities Act 2004 does not apply; and
the financial statements of the board (if any) must comply with either generally accepted accounting practice or a non-GAAP standard that applies for the purposes of this section.

This section is subject to section 39A.

Notes

Section 39B: inserted, on 1 April 2014, by section 125 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).