Plain language law

New Zealand law explained for everyone

Civil Aviation Act 2023

International and domestic carriage of passengers and goods by air - International carriage by air

261: Value of special drawing right

You could also call this:

"What a special drawing right is worth in New Zealand money"

Illustration for Civil Aviation Act 2023

When you are working out the value of something called a special drawing right, you need to know what it is equal to in New Zealand money. The International Monetary Fund decides what one special drawing right is equal to in New Zealand money on a particular date. You use this value for the date of a judgment or another important date.

If you need to prove what one special drawing right is equal to in New Zealand money, someone from the Treasury can give you a certificate that says what the value is. This certificate can be used as evidence in court and is enough to prove the value unless someone can prove it is wrong. The Treasury can also give you a certificate if no value has been decided for a particular date, and they can tell you what the value was on the most recent date before that.

When you are reading about Article 22 of the amended Convention, you should also consider what it says in Article 25A of the amended Convention and Articles V and VI of the Guadalajara Convention. You can find more information about this by looking at the 1990 No 98 s 91H legislation. This will help you understand what the value of a special drawing right is and how it is used.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS49933.

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Transport and travel > Air travel
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Part 8International and domestic carriage of passengers and goods by air
International carriage by air

261Value of special drawing right

  1. For the purposes of Article 23 of the Montreal Convention or Article 22 of the amended Convention, the value of 1 special drawing right must be treated as equal to a sum in New Zealand currency that is fixed by the International Monetary Fund as being the equivalent of 1 special drawing right for—

  2. the date of judgment; or
    1. any other relevant date; or
      1. if no sum has been fixed for that date, the last preceding date for which a sum has been fixed.

        1. For the purposes of subsection (1), a certificate may be given by, or on behalf of, the Secretary to the Treasury stating that—

        2. a particular sum in New Zealand currency has been fixed as the equivalent of 1 special drawing right for a particular date; or
          1. no sum has been fixed for that date, and that a particular sum has been fixed for the date most recently preceding a particular date.

            1. Any certificate given must be received in evidence in any proceedings and, in the absence of proof to the contrary, is sufficient evidence of the value of 1 special drawing right in New Zealand currency.

            2. Unless the context otherwise requires, references in this section to Article 22 of the amended Convention are, subject to any necessary modifications, to be read as references to that Article as applied or supplemented by—

            3. Article 25A of the amended Convention; and
              1. Articles V and VI of the Guadalajara Convention.

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