Crown Entities (Crown Irrigation Investments Limited) Order 2013
2013/290
Crown Entities (Crown Irrigation Investments Limited) Order 2013
Jerry Mateparae, Governor-General
Order in Council
At Wellington this 8th day of July 2013
Present:
His Excellency the Governor-General in Council
Pursuant to section 9(1)(b) of the Crown Entities Act 2004, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following order.
Contents
3 Schedule 2 of Crown Entities Act 2004 amended
Schedule
New item inserted in Schedule 2 of Crown Entities Act 2004
Order
1 Title
This order is the Crown Entities (Crown Irrigation Investments Limited) Order 2013.
2 Commencement
This order comes into force on 8 August 2013.
3 Schedule 2 of Crown Entities Act 2004 amended
In the Crown Entities Act 2004, Schedule 2, insert in its appropriate alphabetical order the item set out in the Schedule of this order.
Schedule |
| Name | Exemption from acquisition of securities, borrowing, guarantee, and derivative rules | Exemption from section 165 (net surplus payable to Crown) | |||||
| s 161 | s 162 | s 163 | s 164 | ||||
| Crown Irrigation Investments Limited | ✓ | ||||||
Rebecca Kitteridge,
Clerk of the Executive Council.
Explanatory note
This note is not part of the order, but is intended to indicate its general effect.
This order, which comes into force on 8 August 2013, adds Crown Irrigation Investments Limited to Schedule 2 of the Crown Entities Act 2004. Adding Crown Irrigation Investments Limited to Schedule 2 makes it a Crown entity company. The order also exempts Crown Irrigation Investments Limited from section 161 of the Crown Entities Act 2004. That section prohibits Crown entities from acquiring certain kinds of securities.
Date of notification in Gazette: 11 July 2013.
This order is administered by the Treasury.