New Zealand Government Property Corporation Act 1953

1: Short Title
This Act may be cited as the New Zealand Government Property Corporation Act 1953.
2: Interpretation
In this Act, unless the context otherwise requires,— Corporation licence or authority Minister property
3: New Zealand Government Property Corporation
1: There is hereby established a corporation, to be called the New Zealand Government Property Corporation.
2: The Corporation shall consist of all Ministers of the Crown who are for the time being members of the Executive Council of New Zealand.
3: The Corporation shall be a body corporate with perpetual succession and a common seal, and shall be capable of holding real and personal property, and of suing and being sued, and of doing and suffering all such other acts and things as bodies corporate may lawfully do and suffer.
4: The Corporation is, for the purposes of subpart 2 Schedule 4 Section 3(4) inserted 21 December 1992 section 42 Public Finance Amendment Act 1992 Section 3(4) amended 25 January 2005 section 37(1) Public Finance Amendment Act 2004
4: Powers of Corporation
It shall be lawful for the Corporation—
a: to purchase, take on lease, be granted, accept, or acquire in any way any property required for any public purpose:
b: to accept or acquire in any way any property vested in or held on behalf of Her Majesty the Queen in right of New Zealand, whether held in the name of Her Majesty, or the Crown, or the Government of New Zealand, or any Minister, or in any other name:
c: to hold, improve, manage, develop, alter, extend, equip, furnish, repair, and maintain any property vested in the Corporation:
d: to enter into any covenants or agreements in respect of any property vested or to be vested in the Corporation:
e: to sell, exchange, convey, transfer, assign, lease, dispose of, turn to account, or otherwise deal with any property vested in the Corporation:
f: generally to exercise any functions or rights and undertake and perform any liabilities in respect of or in connection with any property vested or to be vested in the Corporation which could be exercised, undertaken, or performed by a person owning the property and not being a body corporate:
g: to do all such other things as are incidental or conducive to the exercise of the powers of the Corporation.
5: Power to vest New Zealand Government property in Corporation
1: Notwithstanding anything to the contrary in any Act, it shall be lawful for any property vested in or held on behalf of Her Majesty in right of New Zealand, whether held in the name of Her Majesty, or the Crown, or the Government of New Zealand, or any Minister, or in any other name, to be transferred, conveyed, or assigned to or otherwise vested in the Corporation, and for any property which can lawfully be vested in or granted to Her Majesty in right of New Zealand, or any person on behalf of Her Majesty in right of New Zealand, to be vested in or granted to the Corporation.
2: Without limiting the generality of subsection (1), it is hereby declared that it shall be lawful for the Corporation to transfer, convey, or assign to itself, or otherwise to vest in itself, any property outside New Zealand vested in or held on behalf of Her Majesty in right of New Zealand, whether held in the name of Her Majesty, or the Crown, or the Government of New Zealand, or any Minister, or in any other name. A document purporting to be executed by or on behalf of the Corporation pursuant to this subsection in relation to any property shall be deemed to have been duly executed on behalf of, and shall bind, Her Majesty and the legal owner of the property.
6: Corporation may exercise powers of legal owner of Government property outside New Zealand
1: Where any property outside New Zealand is held by or on behalf of Her Majesty in right of New Zealand, whether held in the name of Her Majesty, or the Crown, or the Government of New Zealand, or any Minister, or in any other name other than the name of the Corporation, the Corporation may from time to time, on behalf of Her Majesty and the legal owner of the property, exercise any powers, functions, and rights (including any power of disposal) and undertake and perform any liabilities in respect of or in connection with the property which could be exercised, undertaken, or performed by Her Majesty or the legal owner of the property.
2: A document purporting to be executed by or on behalf of the Corporation pursuant to this section in relation to any property shall be deemed to have been duly executed on behalf of, and shall bind, Her Majesty and the legal owner of the property.
6A: Power to borrow
1: The Corporation may, for the purpose of obtaining funds to be used in the exercise, in respect of property outside New Zealand, of any of the powers conferred on it by section 4 section 6
2: The Minister of Finance may from time to time on behalf of the Crown give in respect of any advances made to the Corporation any guarantee, indemnity, or security on and subject to such terms and conditions as that Minister thinks fit.
3: Any money required to be paid by the Minister of Finance by virtue of any guarantee, indemnity, or security given by him under subsection (2) shall, without further appropriation than this section, be paid out of a Crown Bank Account Section 6A inserted 23 November 1967 New Zealand Government Property Corporation Amendment Act 1967 Section 6A(3): amended 25 January 2005 section 83(7) Public Finance Act 1989
7: Corporation to be a government department
1: The Corporation is hereby declared to be an instrument of the Executive Government of New Zealand, and a government department within the meaning of the Crown Proceedings Act 1950
2: The Corporation shall not be bound by any Act that is not binding on Her Majesty in right of New Zealand, and shall be entitled to all rights, privileges, exemptions, and immunities of Her Majesty in right of New Zealand (including exemptions from taxation and rates).
8: Merger
1: Where any estate or interest in any property is vested in the Corporation and any other estate or interest in the same property is held by or on behalf of Her Majesty, whether vested in the Corporation or not, there shall be no merger unless the contrary intention is expressed.
2: Any licence or authority granted by or on behalf of Her Majesty may lawfully be granted to or vested in the Corporation, notwithstanding that the Corporation is an instrument of the Executive Government; and where any such licence or authority is granted to or vested in the Corporation it shall not be deemed to be surrendered or relinquished by reason only of the Corporation being an instrument of the Executive Government.
9: Contracts of Corporation
1: Any contract which, if made between private persons, must be by deed shall, if made by the Corporation, be in writing under the common seal of the Corporation.
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 Corporation, be either under the common seal of the Corporation or signed on behalf of the Corporation by a Minister or by any person authorized in that behalf by a Minister.
3: Any contract which, if made between private persons, may be made orally may be similarly made by or on behalf of the Corporation by any person acting under its authority, express or implied.
10: Execution of documents
1: Every document to which the common seal of the Corporation is affixed shall be signed by a Minister and shall be countersigned by the Clerk of the Executive Council or by some other person acting for the Clerk.
2: Any document which, if executed by a private person, would not require to be executed as a deed may be signed on behalf of the Corporation by a Minister or by any person authorized in that behalf by a Minister.
11: Execution of documents by attorney
1: The Corporation may, by writing under its common seal, empower any person, either generally or in respect of any specified matters, as its attorney, to execute documents on its behalf section 6
2: A document executed by such an attorney on behalf of the Corporation shall bind the Corporation, and if executed as a deed shall have the same effect as if it were under the common seal of the Corporation. Section 11(1) amended 24 October 2019 section 96 Statutes Amendment Act 2019
12: Evidence of documents
Every document purporting to be a document executed by or on behalf of the Corporation in a manner provided by section 10 section 11
13: Moneys to be appropriated by Parliament
All moneys required to be expended to enable effect to be given to the provisions of this Act shall be paid out of moneys to be appropriated by Parliament for the purpose.