State Advances Corporation Act 1965

1: Short Title
This Act may be cited as the State Advances Corporation Act 1965.
2: Interpretation
Section 2 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
1: Establishment of the State Advances Corporation of New Zealand
Part 1 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
3: State Advances Corporation of New Zealand
Section 3 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
4: Constitution of Corporation
Section 4 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
5: Disqualification of directors and removal from office
Section 5 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
6: Meetings of Corporation
Section 6 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
7: Associate directors
Section 7 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
8: Managing Director and Deputy Managing Director
Section 8 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
9: Remuneration of directors
Section 9 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
10: General Manager
Section 10 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
11: Appointment of officers and employees
Section 11 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
12: Contracts of Corporation
Section 12 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
13: Execution of documents on behalf of Corporation
Section 13 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
14: Delegation of powers of Corporation
Section 14 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
2: Business and functions of the Corporation
Part 2 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
15: Business and functions
Section 15 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
16: Power to deal in and manage property
Section 16 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
17: Corporation to implement policy of the Government
Section 17 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
18: Loans to local authorities for housing purposes
Section 18 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
19: Loans for industry and other purposes
Section 19 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
20: Guarantees by Corporation of portions of loans granted for certain commercial purposes
Section 20 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
21: Guarantees by Corporation of portions of mortgages granted for housing purposes
Section 21 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
22: Corporation may act as agent
Section 22 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
3: Securities for loans
Part 3 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
23: Security for money lent by Corporation
Section 23 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
24: Mortgages of leasehold interests
Section 24 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
25: Special provisions as to mortgages of leasehold interests in Crown land or certain classes of Maori land
Section 25 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
26: Repayment of loans
Section 26 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
27: Mortgagors required to contribute to General Reserve Fund
Section 27 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
4: Financial provisions
Part 4 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
28: Corporation may issue bonds or stock
Section 28 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
29: Securities issued by Corporation to be State guaranteed
Section 29 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
30: Authorising investments in securities issued by Corporation
Section 30 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
31: Corporation may borrow money on hypothecation of its own securities
Section 31 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
32: Corporation stock may be inscribed by Reserve Bank
Section 32 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
33: Advances from the National Development Loans Account
Section 33 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
34: General Reserve Fund
Section 34 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
35: Corporation to maintain approved securities on account of General Reserve Fund
Section 35 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
36: Financial year
Section 36 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
37: Distribution of profits of Corporation
Section 37 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
38: Corporation to furnish report and copy of annual accounts
Section 38 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
39: Audit of accounts
Section 39 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
5: Miscellaneous provisions
Part 5 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
40: No other corporation to be formed with similar name
No company or other corporation shall be formed in New Zealand or registered under any Act with a name identical with the name of the Corporation established under this Act or with a name that so resembles that name as to be calculated to deceive. 1934–35 No 42 s 10 1936 No 12 s 3(3)
41: Procuration fees not chargeable in respect of loans from Corporation
Section 41 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
42: Composition of stamp duty in respect of cheques by Corporation
Section 42 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
43: Corporation's liability for taxes and rates
Section 43 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
44: Regulations
Section 44 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
45: Repeals, amendments, and revocations
Section 45 repealed 14 October 1974 section 50(2) Housing Corporation Act 1974
46: Savings
1: Notwithstanding the provisions of subsection (1) of section 45 of this Act the provisions of subsections (2) to (4) of section 3, subsection (3) of section 4, subsection (2) of section 5, and section 9 of the Finance Act 1937 which were consequential on and incidental to the abolition of the office of the State Advances Superintendent and to the abolition of the State Advances Account on 31 March 1938 shall continue to have effect as if they were still in force.
2: Notwithstanding the provisions of subsection (1) of section 45 of this Act, the securities transferred to the Corporation under Part 5 of the State Advances Corporation Act 1934–35 and all stock issued by the Corporation under section 38 of that Act and in force immediately before the passing of this Act shall continue in force and all persons who have rights under or in respect of those securities or that stock shall, subject to subsection (3) of section 45 of this Act, have the same rights as they would have had if this Act had not been passed.