If the policy statement or directions are changed or replaced under sections like section 19, section 31, or 41(1)(h), you will find it does not affect investments already made. It also does not affect any agreements or obligations that the Guardians have already entered into. This means existing matters stay the same.
This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.
View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS226992.
This page was last updated on — View changes
The amendment or replacement of the policy statement under section 19 or a direction under section 31 or 41(1)(h) does not affect any existing investment of the VCF or any existing deed, agreement, right, or obligation that is entered into, obtained, or incurred by the Guardians as manager and administrator of the VCF.
