Finance Act 1980

1: Short Title and commencement
1: This Act may be cited as the Finance Act 1980.
2: Subject to section 4(4)
1: Substantive provisions
2: Payments related to South Island Local Bodies Association
1: It shall be lawful for any local authority that is a member of the South Island Local Bodies Association (Incorporated) to pay from its general revenues—
a: any subscription payable by it under the rules of that association:
b: the reasonable travelling expenses of its representatives incurred in attending meetings of that association or of the executive committee of that association.
2: The actions of any such local authority in paying to the said association before the commencement of this Act any annual subscription that was unlawful by virtue of the fact that it exceeded the appropriate amount prescribed by section 35(4) of the Finance Act 1950 are hereby validated and deemed to have been lawful.
3: The following enactments are hereby consequentially repealed:
a: section 35 of the Finance Act 1950:
b: section 4 of the Finance Act 1976.
3: Air New Zealand Limited
1: In this section, the company
2: The Minister of Finance may from time to time,—
a: on behalf of Her Majesty the Queen, subscribe for or otherwise acquire shares in the company:
b: from a Crown Bank account
c: on behalf of Her Majesty the Queen, exercise all or any of Her Majesty's rights and powers as the holder of any shares in the company.
3: The actions of the Minister of Finance on 22 July 1980, on behalf of Her Majesty the Queen, in—
a: subscribing for 8 000 000 $2 shares in the company; and
b: paying $16,000,000 to the company for those shares— are hereby validated and deemed to have been lawful. Section 3(2)﻿(b) amended 25 January 2005 section 83(7) Public Finance Act 1989
4: Alliance Textiles Limited
1: In this section, the company
2: Subject to subsection (3), the Minister of Finance may from time to time,—
a: on behalf of Her Majesty the Queen, subscribe for or otherwise acquire shares in the company:
b: advance money to the company by way of a debenture that is partly convertible into shares in the company:
c: from a Crown Bank account
d: on behalf of Her Majesty the Queen, exercise all or any of Her Majesty's rights and powers under any such debenture or as the holder of any shares in the company.
3: The total of all amounts paid, payable, or advanced under subsection (2) shall not exceed $1,000,000.
4: This section shall be deemed to have come into force on 28 August 1980. Section 4(2)﻿(c) amended 25 January 2005 section 83(7) Public Finance Act 1989
2: Validations and repeals
Part 2 repealed 22 October 1981 section 10(1) Finance Act (No 2) 1981
5: Repeal of Services Export Development Grants Act 1973
Section 5 repealed 22 October 1981 section 10(1) Finance Act (No 2) 1981
6: Validating unlawful charges for and issue of fishing licences
Section 6 repealed 22 October 1981 section 10(1) Finance Act (No 2) 1981
7: Music Teachers Registration Board: validating unlawful collection of fees
Section 7 repealed 22 October 1981 section 10(1) Finance Act (No 2) 1981
8: Repeal of spent Appropriation and Imprest Supply Acts
Section 8 repealed 22 October 1981 section 10(1) Finance Act (No 2) 1981
9: Repeals and savings
Section 9 repealed 22 October 1981 section 10(1) Finance Act (No 2) 1981