Finance Act 1954

1: Short Title
This Act may be cited as the Finance Act 1954.
1: Public revenues and loans
2: Authorizing Minister of Finance to acquire shares in company formed for production of heavy water and geothermal energy
Section 2 repealed 1 April 1978 Public Finance Act 1977
3: Joint Loan Agents for loans raised in United Kingdom
Section 3 repealed 1 April 1978 Public Finance Act 1977
4: Validating general increase of salaries of Government servants
1: Notwithstanding anything to the contrary in the Public Service Act 1912 or in any other enactment, and without limiting any other powers in that behalf, it is hereby declared that there may be paid from money appropriated by Parliament for the payment of salaries and of allowances in the nature of salaries to persons employed by the Crown amounts by way of increase of salary from 14 September 1953, which shall not exceed in any case the sum of 62 pounds 8 shillings a year.
2: This section shall be deemed to have come into force on 15 September 1953.
5: Valuation of sports grounds for land tax purposes
Section 5 repealed 27 November 1970 Valuation of Land Amendment Act 1970
6: Compensation in connection with outbreak of scrapie disease
Section 6 repealed 16 November 1967 Animals Act 1967
7: Salaries of Judges of Supreme Court
Section 7 repealed 26 October 1956 Judicature Amendment Act 1956
8: Salary of additional Judge of Court of Arbitration
Section 8 repealed 1 November 1954 Industrial Conciliation and Arbitration Act 1954
9: Salary of Judge of Land Valuation Court
Section 9 repealed 26 October 1956 Land Valuation Court Amendment Act 1956
10: Salary of Judge of Compensation Court
Section 10 repealed 1 April 1957 Workers' Compensation Act 1956
11: Salary of Local Government Appeal Authority
Section 11 repealed 1 January 1962 Local Government Commission Act 1961
12: Salaries of Magistrates
Section 12 repealed 26 October 1956 District Courts Amendment Act 1956
13: Salaries of Judges of Maori Land Court
1: Notwithstanding anything in section 21 of the Maori Affairs Act 1953, there shall be paid out of the Consolidated Fund, without further appropriation than this section,—
a: to the Chief Judge of the Maori Land Court, a salary at the rate of 1,800 pounds a year:
b: to each other Judge of the Maori Land Court, a salary at the rate of 1,700 pounds a year.
2: This section shall continue in force until money is first appropriated by Parliament after the passing of this Act for the purpose of paying the salaries of the persons referred to in this section, and shall then expire.
3: Amendment(s) incorporated in the Act(s)
14: Salary of Controller and Auditor-General
Section 14 repealed 26 October 1956 Public Revenues Amendment Act 1956
15: Amending provisions as to Electric Supply Account
Section 15 repealed 17 December 1968 Electricity Act 1968
2: Customs Acts amendment
Part 2 repealed 1 July 1974 Sales Tax Act 1974 Customs Heading repealed 1 July 1962 Customs Acts Amendment Act 1961
16: Articles imported in parts
Section 16 repealed 1 July 1962 Customs Acts Amendment Act 1961
17: Alteration of Tariff as to passengers' baggage and effects
Section 17 repealed 1 July 1962 Customs Acts Amendment Act 1961 Sales tax Heading repealed 1 July 1974 Sales Tax Act 1974
18: Additional exemptions from sales tax
Section 18 repealed 1 July 1974 Sales Tax Act 1974
3: Social security and war pensions
Social security Heading repealed 24 October 1957 Income Tax Assessment Act 1957
19: Liability for social security charge of companies engaged in mining for gold, etc
Section 19 repealed 24 October 1957 Income Tax Assessment Act 1957 War pensions
20: Validating increases in war pensions and allowances from 15 September 1953
1: Notwithstanding anything to the contrary in the War Pensions Act 1943 or the War Pensions and Allowances (Mercantile Marine) Act 1940, a War Pensions Board may, in its discretion and in accordance with any general or special directions of the Minister of Defence, in respect of any period commencing not earlier than 15 September 1953 and ending before the date of the commencement of the War Pensions Act 1954, increase the rate of any war pension or allowance by not more than 15 shillings a week in the case of any pension or 1 pound a week in the case of any allowance.
2: In determining any application for an increase under this section a War Pensions Board may take into account such factors of economic significance (including any bonus received by the applicant from the Consolidated Fund) as it thinks fit.
3: This section shall be deemed to have come into force on 15 September 1953.
4: Cinematograph films
Part 4 repealed 1 October 1986 section 4(1) Taxation Acts Repeal Act 1986
21: This Part to be read with Cinematograph Films Act 1928
Section 21 repealed 1 October 1986 section 4(1) Taxation Acts Repeal Act 1986
22: Inland Revenue Act
Section 22 repealed 1 October 1986 section 4(1) Taxation Acts Repeal Act 1986 Income tax Heading repealed 1 October 1986 section 4(1) Taxation Acts Repeal Act 1986
23: Assessment of film renters for income tax
Section 23 repealed 1 October 1986 section 4(1) Taxation Acts Repeal Act 1986 Social security charge Heading repealed 24 October 1957 Income Tax Assessment Act 1957
24: Assessment of film renters for social security charge
Section 24 repealed 24 October 1957 Income Tax Assessment Act 1957 Film hire tax Heading repealed 1 October 1986 section 4(1) Taxation Acts Repeal Act 1986
25: Calculation of net receipts for assessment of film hire tax
Section 25 repealed 1 October 1986 section 4(1) Taxation Acts Repeal Act 1986
26: Quarterly returns of receipts by licensed renters
Section 26 repealed 1 October 1986 section 4(1) Taxation Acts Repeal Act 1986
27: Dates for payment of film hire tax
Section 27 repealed 1 October 1986 section 4(1) Taxation Acts Repeal Act 1986
28: Application of amendments as to film hire tax
Section 28 repealed 1 October 1986 section 4(1) Taxation Acts Repeal Act 1986
5: Local authorities and public bodies
29: Majority required to carry proposal to raise a special loan
Section 29 repealed 1 April 1957 Local Authorities Loans Act 1956
30: Empowering certain local authorities to expend money in connection with the Southland centennial celebrations
It shall be lawful and be deemed to have been lawful for any local authority or public body whose district lies wholly or partly within the boundaries of the Southland Land District to expend money out of its general fund or account towards celebrating and commemorating the 100th anniversary of the settlement of Southland, and in connection with the establishment of a centennial memorial or centennial memorials, and to make grants to the body known as the Southland Centennial Association Incorporated for any such purpose.
31: Validating excess overdrafts of local authorities as result of wage increase
Notwithstanding anything to the contrary in the Local Bodies' Finance Act 1921–22, it shall be deemed to be and to have been lawful for any local authority within the meaning of that Act to owe as at the last day of its financial year that was current on 19 November 1953, in excess of the limits prescribed by that Act, a sum not exceeding the total of all money expended by the local authority during that financial year to meet increases in salary or wages or under any contract entered into before 19 November 1953, which are directly attributable to the general wage order made on that date by the Court of Arbitration under the Economic Stabilization Regulations 1953.
6: Miscellaneous
32: Salary and superannuation rights of F W Ongley, Esquire, former Judge of Compensation Court
Whereas Frederick William Ongley, Esquire, former Judge of the Compensation Court, retired from that office on 31 December 1951: And whereas under the Compensation Court Regulations 1940 he was during his tenure of office entitled to the same salary as the Judge of the Court of Arbitration: And whereas on 6 December 1951 the salary of the Judge of the Court of Arbitration was increased by 350 pounds a year to 2,600 pounds a year and it is desirable that the salary of the said Frederick William Ongley should be increased to that amount as from that date to the date of his retirement and that his superannuation be increased consequentially: Be it therefore enacted as follows:
1: There shall be paid to the said Frederick William Ongley out of the Consolidated Fund, without further appropriation than this section, as an addition to the salary paid to him as the Judge of the Compensation Court in respect of the period that commenced on 6 December 1951 and ended with 31 December 1951, an amount calculated at the rate of 350 pounds a year.
2: For the purpose of determining the rights of the said Frederick William Ongley to a superannuation allowance on his retirement from that office, the amount of his annual salary at the time of his retirement shall be deemed to have been 2,600 pounds a year.
33: Superannuation rights of W F Stilwell, Esquire, additional Judge of Court of Arbitration
Whereas Wilfred Fosberrey Stilwell, Esquire, an additional Judge of the Court of Arbitration, was appointed to his present office as from 4 November 1949: And whereas he had held office as a Deputy Judge of that court from 28 April 1948 to the date of his appointment as an additional Judge of that court: And whereas it is desirable that the period during which he held office as a Deputy Judge shall for superannuation purposes be deemed to be service as an additional Judge of that court: Be it therefore enacted as follows: For the purpose of determining the rights of the said Judge to a superannuation allowance on his retirement from his present office, the period for which he has held his present office as an additional Judge of the Court of Arbitration shall be deemed to have commenced on 28 April 1948.
34: Public Trustee to administer the Nelson Rifle Prize Fund
Section 34 repealed 1 April 1972 Defence Act 1971
35: Breach of extension orders under Agricultural Workers Act 1936
Section 35 repealed 1 June 1963 Agricultural Workers Act 1962
36: Land Transfer (Foreign Governments) Act 1945 repealed
Amendment(s) incorporated in the Act(s)
37: Repeal of Iron and Steel Industry Act 1937 and amendments
The following enactments are hereby repealed, namely:
a: the Iron and Steel Industry Act 1937:
b)–(h: Amendment(s) incorporated in the Act(s)
38: Armed Forces Canteen Council may acquire land and buildings for council purposes
Amendment(s) incorporated in the Act(s)
39: Validating grant by New Zealand Meat Producers Board to widow of the late J J Evans
The payment made out of its funds during the financial year of the board that ended with 30 June 1954, by the New Zealand Meat Producers Board, established under the Meat Export Control Act 1921–22, as a compassionate allowance to the widow of Joseph John Evans, deceased, former General Manager of the board, is hereby validated and declared to have been lawfully made.
40: New Zealand Meat Producers Board may make advances and give guarantees to societies engaged in meat export business
Section 40 repealed 19 October 1978 Meat Export Control Amendment Act 1978