Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698750646446.pdf (New Zealand)
Reprint as at 29 October 2016 Pacific Education Foundation Act 1972 Public Act 1972 No 138 Date of assent 20 October 1972 Commencement 20 October 1972 Act name: replaced, on 29 October 2016, by section 77 of the Education Legislation Act 2016 (2016 No 72).
Contents Title Title Interpretation Transitional, savings, and related provisions Administration of Act [Repealed] Foundation established Purpose of Foundation Contributors Meetings of contributors Constitution of Board Board to elect chairperson and deputy chairperson Chairperson at meetings of the Board and contributors Meetings of Board Remuneration of members of Board and Special Committees Expenses of members of Board and Special Committees Page 2 2 2 3 3 3 4 4 4 5 6 6 7 8 8 1 2 2A 8A 9 10 11 11A Note Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.
Note 4 at the end of this reprint provides a list of the amendments incorporated.

This Act is administered by the Ministry of Education.
1 s 1 26 27 28 29 29A 30 31 32 33 34 Pacific Education Foundation Act 1972 Reprinted as at 29 October 2016 Executive Committee, Special Committees, and delegation of powers Common seal Contracts Appointment of officers and collectors Power to accept property in trust General powers of administration Power to sell or exchange land Power to grant leases Grants to Foundation Capital and income of Foundation Powers of investment Power to borrow Authorised expenditure Conditions of tenure of scholarships, bursaries, and grants Bank account Estimates of receipts and expenditure Accounting records must be kept Financial statements must be prepared Financial statements must be audited Annual report Exemption from taxes Office of Foundation [Repealed] Members of Board and Special Committees not personally liable Regulations Schedule 1 Transitional, savings, and related provisions 8 9 9 10 10 10 11 11 11 12 12 13 13 15 16 16 16 17 17 17 17 18 18 18 19 An Act to establish a Pacific Islands Polynesian Education Foundation 1 Title This Act is the Pacific Education Foundation Act 1972.
Section 1: replaced, on 29 October 2016, by section 77 of the Education Legislation Act 2016 (2016 No 72).
2 Interpretation In this Act, unless the context otherwise requires,— Board means the Board of the Foundation contributor means a contributor to the Foundation within the meaning of sec- tion 6 education includes pre-school education 2 Reprinted as at 29 October 2016 Pacific Education Foundation Act 1972 s 4 fees framework means the framework determined by the Government from time to time for the classification and remuneration of statutory and other bod- ies in which the Crown has an interest financial statements has the same meaning as in section 6 of the Financial Re- porting Act 2013 financial year means a period of 12 months ending with the last day of June Foundation means the Pacific Education Foundation continued under section 4(1) generally accepted accounting practice has the same meaning as in section 8 of the Financial Reporting Act 2013 Minister means the Minister of Education Pacific person means— (a) a person living in New Zealand who is both— (i) (ii) a native of the Cook Islands, Fiji, Kiribati, Niue, Samoa, Tokelau, Tonga, or Tuvalu; and a New Zealand citizen or a person who has been granted perman- ent residence or who has been permitted to enter New Zealand with the intention of permanent residence; and (b) a descendant of a person described in paragraph (a) Public Service has the same meaning as in section 2 of the State Sector Act 1988.
Section 2: replaced, on 29 October 2016, by section 78 of the Education Legislation Act 2016 (2016 No 72).

2A Transitional, savings, and related provisions The transitional, savings, and related provisions (if any) set out in Schedule 1 have effect according to their terms.

Section 2A: inserted, on 29 October 2016, by section 79 of the Education Legislation Act 2016 (2016 No 72).
3 Administration of Act [Repealed] Section 3: repealed, on 29 October 2016, by section 80 of the Education Legislation Act 2016 (2016 No 72).

4 (1) Foundation established The Pacific Islands Polynesian Education Foundation is continued with the name Pacific Education Foundation.

(2) The Foundation shall consist of the contributors to the Foundation.
3 s 5 (3) Pacific Education Foundation Act 1972 Reprinted as at 29 October 2016 The Foundation shall be a body corporate with perpetual succession and a com- mon seal, and shall be capable of holding real and personal property and of do- ing and suffering all that bodies corporate may do and suffer.

Section 4(1): replaced, on 29 October 2016, by section 81 of the Education Legislation Act 2016 (2016 No 72).
5 Purpose of Foundation The general purpose of the Foundation shall be to promote and encourage the better education of Pacific people and to provide financial assistance for that purpose.

Section 5: amended, on 29 October 2016, by section 82 of the Education Legislation Act 2016 (2016 No 72).
6 Contributors (1) During any financial year contributors to the Foundation shall be— (a) all persons who have, during that financial year or during the immediate- ly preceding financial year, contributed the sum of $10 or more to the funds of the Foundation or who have made gifts to the Foundation of other property of a value of not less than $10: (b) all persons who are for the time being accepted by the Board as life members of the Foundation.
The Board may accept as a life member of the Foundation any person who gives to the funds of the Foundation an amount of not less than $500 in 1 or more donations, or who makes a gift to the Foundation of other property of a value of not less than $500.

The Board shall at all times keep a register in which shall be entered the names and addresses of all contributors and the money or property from time to time contributed by each, together with the dates of those contributions.
All entries in the register shall, in the absence of proof to the contrary, be sufficient evi- dence of the matters so recorded.

(2) (3) (4) Any contributor who desires to inspect the register may arrange with the Board to make the inspection at a time suitable to the Board and to the contributor.

Section 6(1)(a): amended, on 29 October 2016, by section 83(1) of the Education Legislation Act 2016 (2016 No 72).
Section 6(2): amended, on 29 October 2016, by section 83(2) of the Education Legislation Act 2016 (2016 No 72).
Meetings of contributors The Board may from time to time call a general meeting of contributors or of the contributors residing in any particular district in which there are resident 100 or more contributors for the purpose of reporting on the work and finances of the Foundation or for the purpose of discussing plans and proposals for the furtherance and extension of the work of the Foundation or for any other pur- pose relating to the affairs of the Foundation.
7 (1) 4 Reprinted as at 29 October 2016 Pacific Education Foundation Act 1972 s 8 (2) (3) [Repealed] Every question before any general meeting shall be decided by a majority of the votes of the contributors then present and entitled to vote.

Each contributor shall have 1 vote only but in the event of an equality of votes for and against any proposed resolution the person acting as chairperson of the meeting shall also have a casting vote.
(4) No person shall be entitled to vote as a contributor at any meeting of contribu- tors unless the person has attained the age of 18 years.

(5) At any general meeting 6 contributors shall form a quorum.

Section 7(2): repealed, on 29 October 2016, by section 84(1) of the Education Legislation Act 2016 (2016 No 72).

Section 7(3): amended, on 29 October 2016, by section 84(2) of the Education Legislation Act 2016 (2016 No 72).
Section 7(4): amended, on 29 October 2016, by section 84(3) of the Education Legislation Act 2016 (2016 No 72).

8 (1) Constitution of Board The Board of the Pacific Islands Polynesian Education Foundation is continued as the Board of the Pacific Education Foundation.
(2) The Board consists of the following members: (a) (b) (c) (d) the Secretary for Education: the chief executive of the Ministry for Pacific Peoples: the manager at the Ministry of Education who has responsibility for the education of Pacific peoples: 5 other members, to be appointed jointly by the Minister and the Minis- ter for Pacific Peoples after consultation with those Pacific communities that the Ministers consider it appropriate to consult.
(3) (4) If a member who is an employee of the Public Service is absent from any meet- ing, the member may authorise another employee to attend the meeting in the member’s place (and the employee is, for the purposes of the meeting, a mem- ber of the Board).

If a member appointed under subsection (2)(d) is absent from any meeting, the member may authorise any other person to attend the meeting in the member’s place (and the person is, for the purposes of the meeting, a member of the Board).
(5) A member appointed under subsection (2)(d)— (a) must be appointed for a 3-year term; and (b) is eligible for reappointment at the expiry of the 3-year term; and (c) may at any time be removed from the Board by the Minister for inability to perform the duties of a Board member, bankruptcy, neglect of duty, or misconduct proved to the satisfaction of the Minister; and 5 s 8A Pacific Education Foundation Act 1972 Reprinted as at 29 October 2016 (d) may at any time resign from the Board by notice in writing to the Minis- ter.
(6) If a member appointed under subsection (2)(d) (member A) dies, is removed from office, or resigns,— (a) (b) the vacancy created must be filled in the manner in which member A was appointed; and the member who fills the vacancy must be appointed for the remainder of the term for which member A was appointed.
(7) Unless subsection (6) applies, a member appointed under subsection (2)(d) must continue in office until the member’s successor comes into office (even if the member’s term of appointment has expired).

(8) The powers of the Board are not affected by any vacancy in the Board’s mem- bership.

Section 8: replaced, on 29 October 2016, by section 85 of the Education Legislation Act 2016 (2016 No 72).
8A Board to elect chairperson and deputy chairperson Every year, at a meeting of the Board, the members of the Board must elect— (a) (b) 1 member to be chairperson of the Board; and 1 member to be deputy chairperson of the Board.

Section 8A: inserted, on 29 October 2016, by section 86 of the Education Legislation Act 2016 (2016 No 72).
Chairperson at meetings of the Board and contributors The chairperson shall preside at all meetings of the Board and all meetings of contributors at which the chairperson is present.

If the chairperson is absent from any such meeting and the deputy chairperson is present, the deputy chairperson shall preside.
If both the chairperson and the deputy chairperson are absent from a meeting of the Board, the meeting shall elect some other member present to be chairperson of that meeting and the member so elected shall have and may exercise all the powers and functions of the chairperson for the purposes of that meeting.
If both the chairperson and deputy chairperson are absent from a meeting of contributors, the contributors present and entitled to vote shall elect a chair- person for the meeting from amongst the members (if any) present at the meet- ing and if no member is present then from amongst the contributors present; and the person elected shall have and may exercise all the powers and func- tions of the chairperson for the purposes of that meeting.
Section 9 heading: amended, on 29 October 2016, by section 87(1) of the Education Legislation Act 2016 (2016 No 72).

Section 9(1): amended, on 29 October 2016, by section 87(2)(a) of the Education Legislation Act 2016 (2016 No 72).

9 (1) (2) (3) (4) 6 Reprinted as at 29 October 2016 Pacific Education Foundation Act 1972 s 10 Section 9(1): amended, on 29 October 2016, by section 87(3) of the Education Legislation Act 2016 (2016 No 72).
Section 9(2): amended, on 29 October 2016, by section 87(2)(a) of the Education Legislation Act 2016 (2016 No 72).

Section 9(3): amended, on 29 October 2016, by section 87(2)(a) of the Education Legislation Act 2016 (2016 No 72).

Section 9(3): amended, on 29 October 2016, by section 87(2)(b) of the Education Legislation Act 2016 (2016 No 72).

Section 9(4): amended, on 29 October 2016, by section 87(2)(a) of the Education Legislation Act 2016 (2016 No 72).
Section 9(4): amended, on 29 October 2016, by section 87(2)(b) of the Education Legislation Act 2016 (2016 No 72).

Section 9(4): amended, on 29 October 2016, by section 87(4) of the Education Legislation Act 2016 (2016 No 72).

10 Meetings of Board (1) Meetings of the Board shall be held at least once in every year at such times and places as the Board from time to time determines.

(2) (3) The chairperson may at any time call a special meeting of the Board.
It shall be the duty of the chairperson or the secretary to call a special meeting of the Board if either person is requested in writing to do so by any 5 members.

(4) At any meeting of the Board 5 members shall form a quorum.

(5) Every question before the Board shall be determined by a majority of the votes of the members present at the meeting: provided that in the event of an equality of votes the chairperson has both a de- liberative vote and a casting vote.
(6) (7) (8) [Repealed] [Repealed] Subject to the provisions of this Act and of any regulation thereunder, the Board shall regulate its procedure in such manner as it thinks fit.

Section 10(2): amended, on 29 October 2016, by section 88(1)(a) of the Education Legislation Act 2016 (2016 No 72).

Section 10(3): amended, on 29 October 2016, by section 88(1)(a) of the Education Legislation Act 2016 (2016 No 72).
Section 10(3): amended, on 29 October 2016, by section 88(1)(b) of the Education Legislation Act 2016 (2016 No 72).

Section 10(3): amended, on 29 October 2016, by section 88(2) of the Education Legislation Act 2016 (2016 No 72).

Section 10(4): amended, on 29 October 2016, by section 88(1)(b) of the Education Legislation Act 2016 (2016 No 72).

Section 10(5): amended, on 29 October 2016, by section 88(1)(b) of the Education Legislation Act 2016 (2016 No 72).
Section 10(5) proviso: amended, on 29 October 2016, by section 88(3) of the Education Legislation Act 2016 (2016 No 72).

7 s 11 Pacific Education Foundation Act 1972 Reprinted as at 29 October 2016 Section 10(6): repealed, on 29 October 2016, by section 88(4) of the Education Legislation Act 2016 (2016 No 72).

Section 10(7): repealed, on 29 October 2016, by section 88(4) of the Education Legislation Act 2016 (2016 No 72).
11 (1) (2) Remuneration of members of Board and Special Committees Board members and members of a Special Committee are entitled to receive from the Board remuneration for services as a member at a rate and of a kind determined by the Minister in accordance with the fees framework.
The following office-holders are not entitled to any remuneration for services as a Board member or a member of a Special Committee: (a) (b) (c) a Judge: a member of Parliament: any employee of the State services who is acting in the employee’s offi- cial capacity.

Section 11: replaced, on 29 October 2016, by section 89 of the Education Legislation Act 2016 (2016 No 72).
11A Expenses of members of Board and Special Committees In addition to any remuneration received under section 11, Board members and members of a Special Committee are entitled, in accordance with the fees framework, to be reimbursed by the Board for actual and reasonable travelling and other expenses incurred in carrying out their service as a member.

Section 11A: inserted, on 29 October 2016, by section 89 of the Education Legislation Act 2016 (2016 No 72).
Executive Committee, Special Committees, and delegation of powers The Board may from time to time establish— (a) (b) an Executive Committee of not less than 3 Board members: Special Committees for particular purposes.

Every member of the Executive Committee shall be a Board member, but no person shall be debarred from membership of any Special Committee by rea- son only of the fact that the person is not a Board member or a contributor.
The Board may delegate to the Executive Committee or to any Special Com- mittee, or to any Board member, or to any officer of the Board any of its powers, except this power of delegation.

Subject to any general or special directions given or conditions attached by the Board, any powers and functions so delegated may be performed and exercised by the committee or person concerned with the same effect as if those powers and functions had been directly conferred by this Act and not by delegation.
12 (1) (2) (3) (4) 8 Reprinted as at 29 October 2016 Pacific Education Foundation Act 1972 s 14 (5) (6) Every committee or person purporting to act under any delegation under this section shall be presumed to be acting in accordance with the terms of the dele- gation, in the absence of proof to the contrary.

Every such delegation shall be revocable at will, and no such delegation shall prevent the performance or exercise of any function or power by the Board.
(7) A delegation under this section continues in force until it is revoked, regardless of any change in the membership of the Board or of any committee.

Section 12(1): amended, on 29 October 2016, by section 90(2) of the Education Legislation Act 2016 (2016 No 72).

Section 12(1)(a): amended, on 29 October 2016, by section 90(3) of the Education Legislation Act 2016 (2016 No 72).

Section 12(2): amended, on 29 October 2016, by section 90(1) of the Education Legislation Act 2016 (2016 No 72).
Section 12(2): amended, on 29 October 2016, by section 90(4) of the Education Legislation Act 2016 (2016 No 72).

Section 12(3): amended, on 29 October 2016, by section 90(1) of the Education Legislation Act 2016 (2016 No 72).

Section 12(7): replaced, on 29 October 2016, by section 90(5) of the Education Legislation Act 2016 (2016 No 72).
13 Common seal The common seal of the Foundation shall not be affixed to any document ex- cept pursuant to a resolution of the Board or for the purposes of giving effect to any power delegated by the Board, and the execution of any document so sealed shall be attested by 2 Board members, and by the secretary or by some officer authorised by the Board in that behalf.

Section 13: amended, on 29 October 2016, by section 91 of the Education Legislation Act 2016 (2016 No 72).
14 Contracts (1) Any contract which, if made between private persons, must be by deed, shall, if made by the Foundation, be in writing under the common seal of the Founda- tion.

(2) Any contract which, if made between private persons, must be in writing signed by the parties to be charged therewith shall, if made by the Foundation, be either under the common seal of the Foundation or signed on behalf of the Foundation by some Board member or officer of the Foundation duly author- ised in that behalf.
(3) Any contract which, if made between private persons, may be made orally, may be made in the manner specified in subsection (1) as in the case of a deed, or in the manner specified in subsection (2) as in the case of a contract required to be in writing, or may be made orally by or on behalf of the Foundation by any person acting under its authority, express or implied.
9 s 15 Pacific Education Foundation Act 1972 Reprinted as at 29 October 2016 (4) Notwithstanding anything in the foregoing provisions of this section, no con- tract made by or on behalf of the Foundation shall be invalid by reason only that it was not made in manner provided in the foregoing provisions of this sec- tion, if it was made pursuant to a resolution of the Board or to give effect to a resolution of the Board.
(5) The Board is hereby declared to be a local authority for the purposes of the Local Authorities (Members’ Interests) Act 1968.

(6) Amendment(s) incorporated in the Act(s).

15 (1) (2) Section 14(2): amended, on 29 October 2016, by section 92 of the Education Legislation Act 2016 (2016 No 72).
Appointment of officers and collectors There shall be appointed in accordance with the State Sector Act 1988 all such officers and servants of the Board as may be necessary for the efficient exercise and performance of the powers and functions of the Board, including a secre- tary and a treasurer.

The Board may appoint such persons as it thinks fit for the purpose of collect- ing voluntary contributions and donations from the public for the purposes of the Foundation.
No person shall be deemed to be subject to the State Sector Act 1988 by reason of the person’s appointment under this subsection.

Section 15(1): amended, on 1 April 1988, pursuant to section 90(a) of the State Sector Act 1988 (1988 No 20).

Section 15(2): amended, on 29 October 2016, by section 93 of the Education Legislation Act 2016 (2016 No 72).

Section 15(2): amended, on 1 April 1988, pursuant to section 90(a) of the State Sector Act 1988 (1988 No 20).
16 Power to accept property in trust The Board may accept on behalf of the Foundation by way of bequest, devise, or gift any money, land, or other property in trust for the purposes of the Foun- dation for the time being or in trust for any particular purpose or purposes for which the Board can lawfully apply the property of the Foundation.
17 (1) General powers of administration Subject to the provisions of this Act, the Board shall, in respect of any land or other property vested in the Foundation, have authority to do all such things as it considers necessary for the due administration thereof on behalf of the Foun- dation.
(2) Without limiting the generality of the authority conferred on the Board by sub- section (1), any land vested in the Foundation may be occupied by the Board as a farm and the Board may carry out such farming operations thereon as it thinks fit.
The Board may, with the consent of Public Trust and subject to such terms and conditions as may be agreed upon with it, appoint Public Trust to be its agent (3) 10 Reprinted as at 29 October 2016 Pacific Education Foundation Act 1972 s 20 for the purpose of administering, on behalf of the Foundation, any money, land, or other property, and the Board may authorise Public Trust to exercise in re- spect of any property vested in the Foundation all or any of the powers, author- ities, and discretions that the Board itself may exercise in respect of that prop- erty.
Section 17(3): amended, on 1 March 2002, by section 170(1) of the Public Trust Act 2001 (2001 No 100).

18 (1) (2) Power to sell or exchange land The Board, with the consent of the Minister, may sell or exchange any land or interest in land vested in the Foundation other than land held in trust for any particular purpose, and may pay or receive on behalf of the Foundation any money by way of equality of exchange.
The powers of selling or exchanging land which are conferred upon the Board by this section shall, with the consent of the Minister, extend to land held in trust for any particular purpose, notwithstanding the terms of that trust; but the proceeds of any such sale, and the land or money obtained by any such ex- change, shall be subject to the same or similar trusts, so far as may be, as the land so disposed of, and the Board shall where necessary execute a declaration of trust to record the terms of the trust following any such sale or exchange.
19 Power to grant leases Notwithstanding the terms of any trust affecting any such land, the Board may lease any land vested in the Foundation on such terms and conditions as the Board thinks fit and whether by way of public auction, public tender, or private contract.
20 (1) Grants to Foundation There may from time to time be paid to the Foundation out of money appropri- ated by Parliament for the purpose— (a) (b) such grants as the Minister of Finance from time to time approves: such subsidies as the Minister of Finance from time to time approves on devises, bequests, and other contributions and gifts to the Foundation of money, land, and other property.
(2) Any payment or grant made under paragraph (a) of subsection (1) may, with the approval of the Minister of Finance, be made by the issue of government securities of the appropriate amount to the Foundation.

Where any government securities are so issued, the Board shall not sell or otherwise dispose of them without the consent of the Minister of Finance.
(3) Any local authority within the meaning of the Local Government Act 2002, or other public body, any public corporation, any company or other incorporated body, any unincorporated body of persons, or any other person may, unless ex- pressly prohibited by any Act or instrument of trust, make to the Foundation 11 s 21 Pacific Education Foundation Act 1972 Reprinted as at 29 October 2016 donations or gifts of money, and the Board may accept any such donations or gifts.
Section 20(3): amended, on 29 October 2016, by section 94 of the Education Legislation Act 2016 (2016 No 72).

Section 20(3): amended, on 1 July 2003, by section 262 of the Local Government Act 2002 (2002 No 84).
21 (1) Capital and income of Foundation The capital of the Foundation shall consist of: (a) (b) (c) (d) all money contributed by contributors, whether in trust or otherwise: all money paid to the Foundation by way of grants, subsidies, donations, and gifts under section 20 or otherwise except— (i) (ii) (iii) the interest arising from government securities issued pursuant to subsection (2) of the said section 20: the income arising from any shares, debentures, or other like se- curities issued to or held on behalf of the Foundation and being the subject of a gift to the Foundation: any money paid to the Foundation in the form of an annuity or with an express direction by the donor that it is to be applied as income: (iv) any subsidy paid in respect of any income or money referred to in subparagraphs (ii) and (iii): all property held by or on behalf of the Foundation under this Act: all money derived from the sale of any property held by or on behalf of the Foundation under this Act: (e) all money borrowed under section 23.
(2) The income of the Foundation shall consist of: (a) (b) (c) (d) all income derived from the investment of money by or on behalf of the Foundation under this Act: all income derived from the administration of property held by or on be- half of the Foundation: all money derived from the leasing of land under section 19: all other money not forming part of the capital of the Foundation.
22 Powers of investment (1) Any money held by or on behalf of the Foundation, whether as capital or unex- pended income, may, at the discretion of the Board, from time to time be inves- ted in accordance with the provisions of the Trustee Act 1956 as to the invest- ment of trust funds.
12 Reprinted as at 29 October 2016 Pacific Education Foundation Act 1972 s 24 (2) Notwithstanding any rule of law or equity to the contrary, the Board shall not be obliged to convert any property which is the subject of a gift to the Board and which is not property in which the Board may properly invest money pur- suant to subsection (1).

Section 22: replaced, on 1 October 1988, by section 14(1) of the Trustee Amendment Act 1988 (1988 No 119).
23 (1) Power to borrow The Board may from time to time, with the prior approval of the Minister of Finance, and subject to such conditions as that Minister may approve, borrow money on behalf of and for the purposes of the Foundation and for the develop- ment and improvement of any real or personal property vested in the Founda- tion.

(2) The total amount of borrowing under this section shall not exceed three-fifths of the total value of the land and other capital assets of the Foundation.
(3) The Board may give as security for any money borrowed under this section: (a) (b) a mortgage of or charge on any land, or any interest in land owned by the Foundation: a mortgage of or charge on any personal property owned by the Founda- tion: (c) a floating charge on the property of the Foundation.
24 (1) Authorised expenditure Subject to the provisions of this Act, the Board may apply the income of the Foundation in such manner as the Board thinks fit for all or any of the follow- ing purposes: (a) (b) (c) (d) (e) (f) (g) the education and vocational training of Pacific people: [Repealed] the grant of financial assistance or of equipment or material to establish- ed schools or other educational institutions at which Pacific people are receiving education: the making of grants to other funds established or bodies formed for the promotion of the education of Pacific people: the furtherance of the knowledge and appreciation of the advantages of better education amongst Pacific people: the provision of bursaries with or without boarding allowances to assist Pacific people to attend any public or private secondary school: the provision of bursaries to assist Pacific people to attend any New Zea- land or overseas university, agricultural college, technical institute, or in- stitution of similar status: 13 s 24 Pacific Education Foundation Act 1972 Reprinted as at 29 October 2016 (h) (i) (j) (k) (l) (m) (n) (o) (p) (q) (r) the advancement of money by way of loan, on such terms and conditions as the Board thinks fit, to any Pacific person to assist the person to at- tend any New Zealand or overseas university, agricultural college, tech- nical institute, or institution of similar status: the provision of post-graduate scholarships to Pacific people holding university degrees or diplomas for the purpose of enabling them to con- tinue their studies or conduct special research either in New Zealand or elsewhere: the payment of travelling expenses to holders of any post-graduate scholarships, and the making of grants to meet the expenses of the wife, husband, civil union partner, de facto partner, or dependent children of any such holder: the making of special research or study grants to any Pacific person who is not the holder of a post-graduate scholarship but who is proposing to undertake some special research or
 study which in the opinion of the Board merits assistance: [Repealed] the provision of books, clothing, and other equipment for the holders of special bursaries, scholarships, or grants, or the making of grants to the parents or guardians of any such holders to assist them to provide books, clothing, and other equipment for any such holders: the provision, furnishing, maintenance, and management of residential accommodation for Pacific people in relation to their education or voca- tional training: the making of such other provision as the Board thinks expedient in order to further the purposes for which the Foundation is established: the improvement, development, or the making of effective and profitable use of any land or other property held by or on behalf of the Foundation, the purchase or other acquisition of other property to be used with it, and all proper expenses of management of any such property: the payment of costs of administration of the affairs of the Foundation, including its committees and agencies and the provision of office accom- modation and equipment: the making for any purposes not hereinbefore mentioned or otherwise specifically mentioned in this Act of payments not exceeding in the ag- gregate the sum of $500 in any one financial year.
The Board may apply such part of the capital of the Foundation as consists of money for all or any of the purposes referred to in paragraph (p) of subsection (1) and, subject to the provisions of this Act, may, in addition, convert into money any of that capital which does not consist of money and apply the money resulting from the conversion for those purposes.
(2) 14 Reprinted as at 29 October 2016 Pacific Education Foundation Act 1972 s 25 (3) Notwithstanding anything in section 21 or in the foregoing provisions of this section, where on or after 1 January 1974 the Foundation receives any money paid by way of grants, subsidies, donations, or gifts, being money that is not contributed or paid subject to any trust or any express direction by the donor as to whether it is to be applied as capital or as income, the Foundation may in its discretion receive the contribution or payment as either capital or income, and the provisions of this Act relating to capital and income shall in either case apply accordingly.
Section 24(1)(a): amended, on 29 October 2016, by section 95(1) of the Education Legislation Act 2016 (2016 No 72).

Section 24(1)(b): repealed, on 29 October 2016, by section 95(2) of the Education Legislation Act 2016 (2016 No 72).

Section 24(1)(c): amended, on 29 October 2016, by section 95(1) of the Education Legislation Act 2016 (2016 No 72).

Section 24(1)(d): amended, on 29 October 2016, by section 95(1) of the Education Legislation Act 2016 (2016 No 72).
Section 24(1)(e): amended, on 29 October 2016, by section 95(3) of the Education Legislation Act 2016 (2016 No 72).

Section 24(1)(f): amended, on 29 October 2016, by section 95(1) of the Education Legislation Act 2016 (2016 No 72).

Section 24(1)(g): amended, on 29 October 2016, by section 95(1) of the Education Legislation Act 2016 (2016 No 72).

Section 24(1)(h): amended, on 29 October 2016, by section 95(4) of the Education Legislation Act 2016 (2016 No 72).
Section 24(1)(i): amended, on 29 October 2016, by section 95(1) of the Education Legislation Act 2016 (2016 No 72).

Section 24(1)(j): amended, on 26 April 2005, by section 7 of the Relationships (Statutory References) Act 2005 (2005 No 3).

Section 24(1)(k): amended, on 29 October 2016, by section 95(5) of the Education Legislation Act 2016 (2016 No 72).

Section 24(1)(l): repealed, on 29 October 2016, by section 95(2) of the Education Legislation Act 2016 (2016 No 72).
Section 24(1)(n): amended, on 29 October 2016, by section 95(1) of the Education Legislation Act 2016 (2016 No 72).

Section 24(3): inserted, on 9 October 1975, by section 2 of the Pacific Islands Polynesian Education Foundation Amendment Act 1975 (1975 No 96).
25 (1) (2) Conditions of tenure of scholarships, bursaries, and grants The conditions of tenure of every bursary, scholarship, and grant shall be deter- mined by the Board which shall select the recipients thereof, with or without the aid of competitive examinations or tests, and decide the school, university, or other institution at which the bursary, scholarship, or grant shall be held.
Every bursary, scholarship, or grant shall be of such value as the Board in its discretion determines and the Board may in its discretion renew or extend it with or without modification in value or conditions of tenure.

15 s 26 Pacific Education Foundation Act 1972 Reprinted as at 29 October 2016 26 Bank account The Board must, as soon as practicable after it receives money belonging to the Foundation, pay the money into the account of the Board at a bank appointed by the Board.
Section 26: replaced, on 29 October 2016, by section 96 of the Education Legislation Act 2016 (2016 No 72).

27 (1) Estimates of receipts and expenditure The Board shall for each financial year make an estimate, in a form approved by the Minister of Finance, of the amount of the expenditure for all purposes and the receipts of the Foundation in that year.

The estimate shall show separ- ately the estimated amount of capital expenditure and income expenditure.
(2) The estimate shall be forwarded in duplicate to the Minister on or before 1 No- vember in the financial year to which it relates.

Section 27(2): amended, on 29 October 2016, by section 97 of the Education Legislation Act 2016 (2016 No 72).
28 (1) Accounting records must be kept The Board must ensure that there are kept at all times accounting records that— (a) correctly record the transactions of the Foundation; and (b) will enable the Board to ensure that the financial statements of the Foun- dation comply with this Act; and (c) will enable the financial statements of the Foundation to be readily and properly audited.
(2) (3) (4) (5) [Repealed] [Repealed] [Repealed] [Repealed] Section 28: replaced, on 1 April 2014, by section 125 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).

Section 28(2): repealed, on 29 October 2016, by section 98 of the Education Legislation Act 2016 (2016 No 72).

Section 28(3): repealed, on 29 October 2016, by section 98 of the Education Legislation Act 2016 (2016 No 72).
Section 28(4): repealed, on 29 October 2016, by section 98 of the Education Legislation Act 2016 (2016 No 72).

Section 28(5): repealed, on 29 October 2016, by section 98 of the Education Legislation Act 2016 (2016 No 72).
16 Reprinted as at 29 October 2016 Pacific Education Foundation Act 1972 s 31 29 Financial statements must be prepared The Board must ensure that, within 3 months after the end of the financial year, financial statements that comply with generally accepted accounting practice are— (a) (b) completed in relation to the Foundation and that financial year; and dated and signed on behalf of the Board by 2 members of the Board.
Section 29: replaced, on 1 April 2014, by section 125 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).

29A Financial statements must be audited (1) (2) 30 (1) The Board must ensure that the financial statements of the Foundation are audi- ted.

The Foundation is a public entity as defined in section 4 of the Public Audit Act 2001 and, in accordance with that Act, the Auditor-General is its auditor.
Section 29A: replaced, on 1 April 2014, by section 125 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).

Annual report The Board shall, not later than 31 December in each year, furnish to the Minis- ter and to the Minister for Pacific Peoples, a report of its proceedings and oper- ations for its preceding financial year, together with a copy of the financial statements of the Foundation for that year with the report of the Auditor-Gener- al thereon.
(2) A copy of the report and of the financial statements with the report of the Audi- tor-General thereon shall be laid before Parliament as soon as practicable after their receipt by the Minister.

Section 30(1): amended, on 29 October 2016, by section 99(a) of the Education Legislation Act 2016 (2016 No 72).

Section 30(1): amended, on 29 October 2016, by section 99(b) of the Education Legislation Act 2016 (2016 No 72).
Section 30(1): amended, on 1 April 2014, by section 125 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).

Section 30(1): amended, on 1 July 2001, pursuant to section 52 of the Public Audit Act 2001 (2001 No 10).

Section 30(2): amended, on 1 April 2014, by section 125 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).

Section 30(2): amended, on 1 July 2001, pursuant to section 52 of the Public Audit Act 2001 (2001 No 10).
31 Exemption from taxes (1) All land held by or on behalf of the Foundation shall be exempt from land tax.

(2) (3) The income of the Foundation shall be exempt from income tax.

[Repealed] 17 s 32 Pacific Education Foundation Act 1972 Reprinted as at 29 October 2016 Section 31(3): repealed, on 1 October 1973, by section 2(2)(c) of the Payroll Tax Repeal Act 1973 (1973 No 21).
32 Office of Foundation [Repealed] Section 32: repealed, on 29 October 2016, by section 100 of the Education Legislation Act 2016 (2016 No 72).
33 Members of Board and Special Committees not personally liable (1) No member of the Board is personally liable for— (a) (b) an act done or omitted to be done by the Board or the Executive Com- mittee; or any loss to the Foundation arising out of any act done or omitted to be done by the member, if the act or omission was (so far as the member’s involvement is concerned) in good faith and in pursuance or intended pursuance of the functions of the Board or the Executive Committee.
(2) No member of a Special Committee is personally liable for— (a) (b) an act done or omitted to be done by the Special Committee; or any loss to the Foundation arising out of any act done or omitted to be done by the member, if the act or omission was (so far as the member’s involvement is concerned) in good faith and in pursuance or intended pursuance of the functions of the Special Committee.

Section 33: replaced, on 29 October 2016, by section 101 of the Education Legislation Act 2016 (2016 No 72).
34 Regulations The Governor-General may from time to time, by Order in Council, make all such regulations as the Governor-General deems to be necessary for the pur- pose of giving full effect to the provisions of this Act.

Section 34: amended, on 29 October 2016, by section 102 of the Education Legislation Act 2016 (2016 No 72).
18 Reprinted as at 29 October 2016 Pacific Education Foundation Act 1972 Schedule 1 Schedule 1 Transitional, savings, and related provisions Schedule 1: inserted, on 29 October 2016, by section 103 of the Education Legislation Act 2016 (2016 No 72).

s 2A Part 1 Provisions relating to Education Legislation Act 2016 1 Interpretation In this schedule,— amendment Act means the Education Legislation Act 2016 commencement date means the commencement date of the amendment Act.
2 Board of Pacific Islands Polynesian Education Foundation continued Despite section 8(2), the Board consisting of those people specified in section 8(2) before the commencement date may continue to exercise the functions and powers of the Board under this Act until the Board described in section 8(2) is assembled.
3 Chairman and deputy chairman to continue in office Despite section 8A,— (a) (b) the first election of a chairperson and a deputy chairperson is not re- quired to take place until the year after the year in which the amendment Act commences; and the chairman and deputy chairman of the Board before the commence- ment date continue to hold office (as chairperson and deputy chair- person) until the first election is held.
19 Notes Pacific Education Foundation Act 1972 Reprinted as at 29 October 2016 Reprints notes 1 2 General This is a reprint of the Pacific Education Foundation Act 1972 that incorporates all the amendments to that Act as at the date of the last amendment to it.

Legal status Reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by any amendments to that enactment.
Section 18 of the Legislation Act 2012 provides that this reprint, published in electronic form, has the status of an official version under section 17 of that Act.

A printed version of the reprint produced directly from this official elec- tronic version also has official status.

3 Editorial and format changes Editorial and format changes to reprints are made using the powers under sec- tions 24 to 26 of the Legislation Act 2012.

See also http://www.pco.parlia- ment.govt.nz/editorial-conventions/.
4 Amendments incorporated in this reprint Education Legislation Act 2016 (2016 No 72): Part 2 subpart 3 Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102): section 125 Relationships (Statutory References) Act 2005 (2005 No 3): section 7 Local Government Act 2002 (2002 No 84): section 262 Public Trust Act 2001 (2001 No 100): section 170(1) Public Audit Act 2001 (2001 No 10): sections 52, 53 Trustee Amendment Act 1988 (1988 No 119): section 14(1) State Sector Act 1988 (1988 No 20): section 90(a) Pacific Islands Polynesian Education Foundation Amendment Act 1975 (1975 No 96) Payroll Tax Repeal Act 1973 (1973 No 21): section 2(2)(c) Wellington, New Zealand: Published under the authority of the New Zealand Government—2016 20