Services Export Development Grants Amendment Act 1976
Services Export Development Grants Amendment Act 1976
Services Export Development Grants Amendment Act 1976
Services Export Development Grants Amendment Act 1976
Public Act |
1976 No 139 |
|
Date of assent |
10 December 1976 |
|
Contents
An Act to amend the Services Export Development Grants Act 1973
BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:
1 Short Title and commencement
(1)
This Act may be cited as the Services Export Development Grants Amendment Act 1976, and shall be read together with and deemed part of the Services Export Development Grants Act 1973 (herein after referred to as the principal Act).
(2)
This Act shall be deemed to have come into force on the 30th day of July 1976.
2 Encouragement of exports of professional and technical services
(1)
Section 3 of the principal Act is hereby amended by repealing subsection (2), and substituting the following subsection:
“(2)
Without limiting the generality of subsection (1) of this section, the Minister may from time to time in such cases and on and subject to such terms and conditions as he thinks fit, authorise the payment of money by way of grants, out of money appropriated by Parliament for the purpose, to persons or corporations established and operating in New Zealand that are seeking prospects for the supply of professional and technical services for overseas projects, being grants not exceeding 40 percent of the eligible expenses in relation to those projects.
(2)
The principal Act is hereby consequentially amended:
(a)
By omitting from section 2(2) the word “advance”
, and substituting the word “grant”
:
(b)
By omitting from paragraphs (a) and (b) of section 10(1) the word “advances”
, and substituting in each case the word “grants”
.
3 Consequential savings
(1)
Where before the 30th day of July 1976 any application was made for an advance under the principal Act but the application or any recommendation thereon by the Committee to the Minister had not been disposed of before that date, the application or recommendation may be disposed of and the Minister may exercise any of his powers under section 3 of the principal Act, as if this Act had not been passed.
(2)
All acts or things done on and after the 30th day of July 1976 and before the passing of this Act with respect to any application made on or after the 30th day of July 1976, by or on behalf of the Minister or the Committee, including the authorisation and payment of grants, that could have been lawfully done if this Act had then been in force, are hereby validated and declared to have been lawfully done.
(3)
Without limiting the Acts Interpretation Act 1924, it is hereby expressly declared that every power and act which may be necessary to complete, carry out, or compel the performance of any contract, agreement, or deed, lawfully made, entered into, or commenced under section 3 of the principal Act (as in force before the date of the commencement of this Act) may be exercised and performed in all respects as if this Act had not been passed.
This Act is administered in the Department of Trade and Industry.