New Zealand National Airways Corporation Dissolution Act 1978

1: Short Title and commencement
1: This Act may be cited as the New Zealand National Airways Corporation Dissolution Act 1978.
2: Sections 2 3 5
3: Section 4 Section 1(3) brought into force 1 December 1978 New Zealand National Airways Corporation Dissolution Act Commencement Order 1978
2: Interpretation
In this Act, unless the context otherwise requires,— Air New Zealand Limited Corporation section 4 of the New Zealand National Airways Act 1945
3: Authorising and validating transfer of services, etc, to Air New Zealand Limited
1: Until section 4 subsection (1) or subsection (1A) of section 13 of the New Zealand National Airways Act 1945
2: The exercise and performance by Air New Zealand Limited, pursuant to subsection (1), of all or any of the powers, functions, and duties conferred or imposed on the Corporation by section 13 of the New Zealand National Airways Act 1945
3: The Corporation may, for the purpose of enabling Air New Zealand Limited to exercise and perform the powers, functions, and duties referred to in subsection (1), transfer to Air New Zealand Limited all or any of the licences held by the Corporation under the Air Services Licensing Act 1951
4: The Air Services Licensing Act 1951
5: For the avoidance of doubt, every transfer by the Corporation to Air New Zealand Limited of a licence held by the Corporation under the Air Services Licensing Act 1951
4: Dissolution of Corporation and transfer of property, etc
1: The New Zealand National Airways Corporation is hereby dissolved.
2: On the commencement of this section—
a: all real and personal property belonging to the Corporation shall become vested in Air New Zealand Limited:
b: notwithstanding anything in the memorandum or articles of association of any company incorporated under the Companies Act 1955
c: all money payable to the Corporation shall become payable to Air New Zealand Limited:
d: all liabilities, contracts, and engagements, and all rights and authorities of any nature whatever, of the Corporation shall become liabilities, contracts, engagements, rights, and authorities of Air New Zealand Limited:
e: all proceedings pending by or against the Corporation may be carried on, completed, and enforced by or against Air New Zealand Limited:
f: every person who immediately before such commencement was an officer or employee of the Corporation shall become, without further appointment than this section, an officer or employee of Air New Zealand Limited on and subject to the same terms and conditions of employment (including those applicable to salaries and allowances) as applied to him immediately before such commencement.
3: Subject to subsection (5), the District Land Registrar, on receiving a written request from Air New Zealand Limited under its seal, incorporating a reference to this section, shall without fee make such entries in his registers and on any outstanding documents of title and generally do all such things as may be necessary to give effect to the provisions of subsection (2) in respect of land and interests in land specified in the request.
4: All references to the Corporation in any security or other document whatever which is subsisting immediately before the date of commencement of this section, or in any notice or other communication served, given, or sent before, on, or after that date in relation to any such security or other document shall, unless the context otherwise requires, be read as references to Air New Zealand Limited.
5: No Registrar of Deeds or District Land Registrar or any other person charged with the keeping of any books or registers shall be obliged, solely by the provisions of this section, to change the name of the Corporation to that of Air New Zealand Limited in his books or registers or in any document in his charge; but the presentation to any such Registrar or other person of any instrument—
a: executed or purporting to be executed by Air New Zealand Limited; and
b: relating to any property held immediately before the commencement of this section by the Corporation; and
c: containing a recital that the property has become vested in Air New Zealand Limited by virtue of the provisions of this section— shall, in the absence of proof to the contrary, be sufficient evidence that the property is vested in Air New Zealand Limited.
6: Except as provided in subsections (3) and (5), nothing in this section shall derogate from the provisions of the Land Transfer Act 1952
7: For the purposes of the Income Tax Act 1976
8: The following enactments are hereby repealed:
a: the New Zealand National Airways Act 1945
b: the New Zealand National Airways Amendment Act 1948
c: the New Zealand National Airways Amendment Act 1957
d: the New Zealand National Airways Amendment Act 1958
e: the New Zealand National Airways Amendment Act 1960
f: the New Zealand National Airways Amendment Act 1964
g: the New Zealand National Airways Amendment Act 1965
h), (i: Amendment(s) incorporated in the Act(s)
j: the New Zealand National Airways Amendment Act 1973
k: the New Zealand National Airways Amendment Act 1975
l: Amendment(s) incorporated in the Act(s)
9: The following Orders in Council are hereby revoked:
a: the New Zealand National Airways Corporation (Extension of Powers) Regulations 1949
b: the New Zealand National Airways Corporation Bylaws Order 1971
5: Part 3 of Commerce Act 1975 not to apply
For the avoidance of doubt it is hereby declared that—
a: the merger given effect to by this Act is not a transaction to which Part 3 of the Commerce Act 1975
b: Part 3 of the Commerce Act 1975
6: Allotment of shares in Air New Zealand Limited
As soon as practicable after the commencement of section 4