Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698940399360.pdf (New Zealand)
Reprint as at 5 December 2013 Finance Act 1994 Public Act Date of assent Commencement 1994 No 73 6 July 1994 see section 1 Contents 1 2 3 4 Title Short Title and commencement Application of Part 2 of Commerce Act 1986 to certain agreements relating to pharmaceuticals Application of Part 2 of Commerce Act 1986 to regional health authorities, Public Health Commission, and certain subsidiaries Accident Rehabilitation and Compensation Insurance Corporation Validation of payment of motor spirits excise duty to Accident Rehabilitation and Compensation Insurance Corporation Corporation payment to Crown Bank Account for public health care costs in respect of year ending 30 June 1995 [Repealed] Page 2 2 3 4 5 Note Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this reprint.
Note 4 at the end of this reprint provides a list of the amendments incorporated.

This Act is administered by the Treasury.
1 Finance Act 1994 GCS Limited Reprinted as at 5 December 2013 Amendment to State-Owned Enterprises Act 1986 Amendment to Ombudsmen Act 1975 Amendment to Official Information Act 1982 Amendment to Income Tax Act 1976 [Repealed] Health reforms (transitional provisions) Amendment to Health Reforms (Transitional Provisions) Act 1993 5 6 6 6 6 An Act to make provision with respect to public finances and other matters (3) 1 (1) (2) Short Title and commencement This Act may be cited as the Finance Act 1994.
Except as provided in subsection (3), this Act shall come into force on the day on which it receives the Royal assent.

Subject to subsection (4), sections 5 to 7 shall come into force on a day to be appointed by the Governor-General by Order in Council; and 1 or more Orders in Council may be made bringing different sections into force on different days.
(4) A day may be appointed pursuant to subsection (3) bringing section 6 or section 7 into force only if the Governor-General is satisfied, at the time of the making of the Order in Council, that at least 50% of the shares in GCS Limited are no longer held by Ministers of the Crown on behalf of the Crown.

[Repealed] Section 1(3): section 5 brought into force, on 18 November 1994, by the Finance Act Commencement Order 1994 (SR 1994/253).
(5) Section 1(3): sections 6 and 7 brought into force, on 29 December 1994, by the Finance Act Commencement Order (No 2) 1994 (SR 1994/266).

Section 1(3): amended, on 1 April 2005 (effective for 2005–06 tax year and later tax years, except when the context requires otherwise), by section YA 2 of the Income Tax Act 2004 (2004 No 35).
Section 1(5): repealed, on 1 April 2005 (effective for 2005–06 tax year and later tax years, except when the context requires otherwise), by section YA 2 of the Income Tax Act 2004 (2004 No 35).
2 Reprinted as at 5 December 2013 Finance Act 1994 s 2 Application of Part 2 of Commerce Act 1986 to certain agreements relating to pharmaceuticals 2 (1) (2) Application of Part 2 of Commerce Act 1986 to regional health authorities, Public Health Commission, and certain subsidiaries In this section, unless the context otherwise requires,— agreement— contract, includes (a) covenant, deed, or understanding, whether oral or written, whether express or implied, and whether or not enforceable at law; and any agreement, arrangement, (b) without limiting the generality of paragraph (a), in- cludes any contract of service and any agreement, arrangement, contract, covenant, or deed, creating or evidencing a trust things substances or authority means a regional health authority (including the Health Funding Authority) established by Order in Council in accordance with section 32 of the Health and Disability Ser- vices Act 1993 the commission means the Public Health Commission estab- lished by section 27 of the Health and Disability Services Act 1993 pharmaceuticals means that are medicines, therapeutic medical devices, or products or things related to pharmaceuticals reached includes entered into, granted, and made; and reach- ing has a corresponding meaning specified body means a body that is an authority, the commis- sion, or any person wholly owned by a specified body or 2 or more specified bodies subsidiary has the same meaning as in section 5 of the Com- panies Act 1993.
This subsection applies to an agreement (reached before the commencement of the New Zealand Public Health and Disability Act 2000) if, and only if,— (a) at least 1 party to it was a specified body at the time it was reached; and 3 s 3 Finance Act 1994 Reprinted as at 5 December 2013 (3) (4) (c) (b) it was reached after consultation between the Minister of Health and 1 or more of the parties to it; and it relates to pharmaceuticals for which full or part pay- ments may be made by 1 or more specified bodies.
It is hereby declared that nothing in Part 2 of the Commerce Act 1986 applies, or has ever applied, to— (a) (b) any agreement to which subsection (2) applies; or any act, matter, or thing, done by any person to give effect to such an agreement.
For the purposes of section 2(7) of the Commerce Act 1986 (which relates to interconnected bodies corporate), neither the commission nor any authority or hospital and health service (within the meaning of section 2 of the Health and Disability Services Act 1993) shall be regarded as having been, at any time before the commencement of the Commerce Amendment Act 1994, a subsidiary of the Crown.
(5) No person other than the Commerce Commission may com- mence any proceedings against an authority under section 81 or section 82 of the Commerce Act 1986 in respect of any act, matter, or thing, that has been done or will be done be- fore 1 July 1994.

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

Section 2(1) authority: amended, on 1 July 1998, by section 5(4) of the Health and Disability Services Amendment Act 1998 (1998 No 74).
(6) Section 2(1) subsidiary: replaced, on 5 December 2013, by section 14 of the Companies Amendment Act 2013 (2013 No 111).

Section 2(2): amended, on 1 January 2001, by section 111(1) of the New Zealand Public Health and Disability Act 2000 (2000 No 91).

Section 2(4): amended, on 1 July 1998, by section 5(4) of the Health and Disability Services Amendment Act 1998 (1998 No 74).

Section 2(4): amended, on 9 December 1994, by section 2(2) of the Commerce Amendment Act 1994 (1994 No 135).
Accident Rehabilitation and Compensation Insurance Corporation Validation of payment of motor spirits excise duty to Accident Rehabilitation and Compensation Insurance Corporation All— 3 4 Reprinted as at 5 December 2013 Finance Act 1994 s 5 (a) (b) actions of the Crown in paying to the Accident Rehabili- tation and Compensation Insurance Corporation from the Crown Bank Account the sum of $14,625,000, in- clusive of goods and services tax, (being the first quar- terly instalment payable under section 109 of the Ac- cident Rehabilitation and Compensation Insurance Act 1992 in respect of the financial year ending with the close of 30 June 1994); and actions of the Corporation in crediting that sum (pur- portedly pursuant to subsection (4) of that section) to the Motor Vehicle Account established under section 108 of that Act,— shall, notwithstanding that the payment was made without the authority of an Order in Council made under section 109 of that Act, be deemed to have been, and continue to be, as valid and effectual as they would have been if the Accident Re- habilitation and Compensation Insurance (Motor Spirits Ex- cise Duty) Order 1993 had been in force when the sum was paid.
4 Corporation payment to Crown Bank Account for public health care costs in respect of year ending 30 June 1995 [Repealed] Section 4: repealed, on 2 September 1996, by section 25(2)(d) of the Accident Rehabilitation and Compensation Insurance Amendment Act (No 2) 1996 (1996 No 106).

GCS Limited Amendment to State-Owned Enterprises Act 1986 Amendment(s) incorporated in the Act(s).
5 (1) (2) Notwithstanding the coming into force of subsection (1), sec- tion 22 of the State-Owned Enterprises Act 1986 shall, so long as Ministers of the Crown continue to hold shares in GCS Limited (in this section called the Corporation), continue to apply in relation to the Corporation as if— (a) (b) the Corporation were a State enterprise; and the Minister of Finance and the Minister for State Owned Enterprises were the shareholding Ministers for the Corporation.
5 Finance Act 1994 Reprinted as at 5 December 2013 Amendment(s) incorporated in the Act(s).

Each Minister of the Crown who holds shares in the Corpor- ation on behalf of Her Majesty the Queen may exercise all or any of Her Majesty’s rights and powers as the holder of those shares.

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

Amendment to Ombudsmen Act 1975 Amendment(s) incorporated in the Act(s).

Amendment to Official Information Act 1982 Amendment(s) incorporated in the Act(s).
Amendment to Income Tax Act 1976 [Repealed] Section 8: repealed, on 1 April 2005 (effective for 2005–06 tax year and later tax years, except when the context requires otherwise), by section YA 2 of the Income Tax Act 2004 (2004 No 35).

Health reforms (transitional provisions) s 6 (3) (4) (5) 6 7 8 9 Amendment to Health Reforms (Transitional Provisions) Act 1993 Amendment(s) incorporated in the Act(s).
(1) (2) Without limiting subsection (1), it is hereby declared that the repeal of paragraph (b) of section 8(1) of the Health Research Council Act 1990 by section 32 of the Health Reforms (Tran- sitional Provisions) Act 1993 shall be deemed not to have af- fected— (a) (b) the membership of the Health Research Council; or the validity of any appointment made under section 8(1)(b) of the Health Research Council Act 1990 (as substituted by section 3 of the Health Research Council Amendment Act 1991) in the period beginning on 1 July 1993 and ending with the commencement of this subsection; or the validity of any action taken by the Council or any member of the Council in the period beginning on 1 July (c) 6 Reprinted as at 5 December 2013 Finance Act 1994 s 9 1993 and ending with the commencement of this sub- section.
7 Notes Finance Act 1994 Reprinted as at 5 December 2013 Reprints notes 1 2 3 General This is a reprint of the Finance Act 1994 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, will have the status of an official version once issued by the Chief Parliamentary Counsel under section 17(1) of that Act.

Editorial and format changes and Editorial made 26 http://www.pco.parliament.govt.nz/editorial-conventions/.
the Legislation Act to sections changes reprints powers format under 2012. using See the 24 of are to also 4 Amendments incorporated in this reprint Companies Amendment Act 2013 (2013 No 111): section 14 Income Tax Act 2004 (2004 No 35): section YA 2 New Zealand Public Health and Disability Act 2000 (2000 No 91): section 111(1) Health and Disability Services Amendment Act 1998 (1998 No 74): section 5(4) Accident Rehabilitation and Compensation Insurance Amendment Act (No 2) 1996 (1996 No 106): section 25(2)(d) Commerce Amendment Act 1994 (1994 No 135): section 2(2) Finance Act Commencement Order (No 2) 1994 (SR 1994/266) Finance Act Commencement Order 1994 (SR 1994/253) 12 8 Wellington, New Zealand: Published under the authority of the New Zealand Government—2013