Local Government Amendment Act 1999
Local Government Amendment Act 1999
Local Government Amendment Act 1999
Local Government Amendment Act 1999
Public Act |
1999 No 11 |
|
Date of assent |
23 March 1999 |
|
Contents
An Act to amend the Local Government Act 1974
BE IT ENACTED by the Parliament of New Zealand as follows:
1 Short Title and commencement
(1)
This Act may be cited as the Local Government Amendment Act 1999, and is part of the Local Government Act 1974 (“the principal Act”
).
(2)
This Act comes into force on 1 April 1999.
2 Definition of local authority trading enterprise
(1)
Section 594b(1) of the principal Act is amended by repealing paragraph (a), and substituting the following paragraph:
“(a)
Means—
“(i)
A company in which equity securities carrying 50% or more of the voting rights at a meeting of the shareholders of the company are—
“(A)
Held by 1 or more local authorities; or
“(B)
Controlled, directly or indirectly, by 1 or more local authorities; or
“(ii)
An organisation that—
“(A)
Operates a trading undertaking with the intention or purpose of making a profit; and
“(B)
Is subject to significant control, directly or indirectly, by 1 or more local authorities; but”.
(2)
Section 594b(1)(b)(ii) of the principal Act is amended by inserting, after the words “port company”
, the words “or subsidiary of a port company”
.
(3)
Section 594b(1a) of the principal Act is repealed.
(4)
Section 594b(2) of the principal Act is amended—
(a)
By omitting from paragraph (a) of the definition of the term “significant control”
the figure “30”
, and substituting the figure “50”
; and
(b)
By inserting in paragraph (b) of the definition of the term “significant control”
, after the word “appoint”
, the words “half or more of the”
.
(5)
The Income Tax Act 1994 is consequentially amended by repealing so much of Schedule 20 as relates to section 594b(1a) of the principal Act.
This Act is administered in the Department of Internal Affairs.