State-Owned Enterprises Amendment Act 2012 (Mighty River Power Limited) Commencement Order 2013
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State-Owned Enterprises Amendment Act 2012 (Mighty River Power Limited) Commencement Order 2013
Jerry Mateparae, Governor-General
Order in Council
At Wellington this 4th day of March 2013
Present:
His Excellency the Governor-General in Council
Pursuant to section 2 of the State-Owned Enterprises Amendment Act 2012, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following order.
Order
1 Title
This order is the State-Owned Enterprises Amendment Act 2012 (Mighty River Power Limited) Commencement Order 2013.
2 Commencement of provisions relating to Mighty River Power Limited
The following sections of the State-Owned Enterprises Amendment Act 2012 come into force on 8 March 2013:
(a) sections 1 and 2 (Title and commencement):
(b) sections 3, 4(3), and 5(3) (amendments to State-Owned Enterprises Act 1986):
(c) section 6(1) and (4) (amendment to Ombudsmen Act 1975):
(d) section 8(1) and (4) (amendment to Public Finance Act 1989):
(e) sections 9, 10(3), and 11(3) (amendments to Income Tax Act 2007).
Michael Webster,
for 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 brings the State-Owned Enterprises Amendment Act 2012 into force in relation to Mighty River Power Limited on 8 March 2013. The effect of doing so is that Mighty River Power Limited ceases on that date to be a State enterprise under the State-Owned Enterprises Act 1986 and becomes a mixed ownership model company listed in Schedule 5 of the Public Finance Act 1989. At the same time, the Ombudsmen Act 1975 and the Official Information Act 1982 cease to apply to Mighty River Power Limited and the name of the company is inserted in the list of mixed-ownership enterprises under the Income Tax Act 2007.
Date of notification in Gazette: 7 March 2013.
This order is administered by the Treasury.