Parliament Act 2025

Parliamentary Service and other parliamentary bodies - Parliamentary Corporation - Functions, duties, and powers

146: Parliamentary Corporation requires approval of Minister of Finance to undertake certain financial activities

You could also call this:

"The Parliamentary Corporation must get the Minister of Finance's okay to do big financial things."

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You need the Minister of Finance's written approval for the Parliamentary Corporation to do certain things. The Parliamentary Corporation needs approval to lend money, give a guarantee or indemnity, issue a public security, or enter into a derivative. These terms have specific meanings as defined in section 2(1) of the Public Finance Act 1989.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS817010.

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145: Specific powers of Parliamentary Corporation, or

"What the Parliamentary Corporation is allowed to do"


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"The government can't borrow money for the Parliamentary Corporation."

Part 6Parliamentary Service and other parliamentary bodies
Parliamentary Corporation: Functions, duties, and powers

146Parliamentary Corporation requires approval of Minister of Finance to undertake certain financial activities

  1. The Parliamentary Corporation requires the written approval of the Minister of Finance in order to—

  2. lend money:
    1. give a guarantee or indemnity:
      1. issue a public security:
        1. enter into a derivative.
          1. In this section, derivative, lend money, and public security have the meanings given to them by section 2(1) of the Public Finance Act 1989.

          Compare
          • 2001 No 10 Schedule 3 cl 7