Finance Act 1958

1: Short Title
This Act may be cited as the Finance Act 1958.
2: Validating increase of salaries of heads of overseas missions
1: Notwithstanding anything to the contrary in any other Act, it is hereby declared that there may be paid without further appropriation than this section to any overseas representative within the meaning of the External Affairs Act 1943 who is the head of a diplomatic mission of the Government of New Zealand in any other country an amount by way of increase of salary from 18 November 1956 at the rate of 40 pounds a year.
2: This section shall be deemed to have come into force on 19 November 1956.
3: Exemption from duty in certain cases of simultaneous deaths
Where, before the commencement of the Simultaneous Deaths Act 1958, 2 or more persons have died at the same time or in circumstances which give rise to reasonable doubt as to which of them survived the other or others and, after the commencement of that Act, a person who became entitled to any property on the death of any of them makes a gift of the whole or part of that property (or of property representing that property) to the person who would have become entitled to that property on that death if that Act had then been in force, the gift shall not be taken into account as such under the Estate and Gift Duties Act 1955 either for the purposes of gift duty or for the purposes of estate duty.
4: Saving rights of certain persons in Cook Islands to object to assessments for income tax
Section 4 repealed 17 December 1971 Land and Income Tax Amendment Act 1971
5: Extending the time for claiming compensation with respect to Lake Taupo
Notwithstanding anything in section 5 of the Lake Taupo Compensation Claims Act 1947, a special claim for compensation arising out of the levels of Lake Taupo notified in a notice published in the Gazette
6: Authorisation of railways
Section 6 repealed 1 February 1982 section 248(1) Public Works Act 1981
7: Conn's Creek Branch Railway
Section 7 repealed 1 April 1982 section 120(1) New Zealand Railways Corporation Act 1981
8: Authorising expenditure by local authorities in welcoming and farewelling Governor-General
It shall be lawful and be deemed always to have been lawful for any local authority or public body to expend money out of its general fund or account in connection with public functions of welcome and farewell to any Governor-General.
9: Empowering certain local authorities to expend money in connection with Hawke's Bay centennial celebrations
It shall be lawful and be deemed always to have been lawful for any local authority or public body whose district lies wholly or partly within the boundaries of the Provincial District of Hawke's Bay to expend money out of its general fund or account towards celebrating and commemorating the 100th anniversary of the settlement of Hawke's Bay and in connection with the establishment of a centennial memorial or centennial memorials, and to make grants to the body known as the Hawke's Bay Centennial Council for any such purpose.
10: Arbitration in respect of price to be charged for bulk supply of electrical energy by Electric Power Board to municipal corporation
Where any Electric Power Board supplies electrical energy to a municipal corporation for distribution by the corporation and the Board and the corporation cannot agree as to the price to be charged and paid for electrical energy supplied as aforesaid during the period beginning with 1 April 1958 and ending with 31 March 1963, or during any part of that period, the matter shall be referred to arbitration and, for the purposes of the arbitration, this section shall be deemed to be a submission within the meaning of the Arbitration Act 1908 and the reference shall be deemed to be to 2 arbitrators, one to be appointed by the Board and one by the Council of the corporation. The 2 arbitrators shall appoint 1 umpire immediately they are themselves appointed.
11: Saving of member of Parliament from disqualification
The provisions of the Electoral Act 1956 as to the disqualification of members of Parliament or of candidates for election as members of Parliament shall not apply to any payment received by the Honourable William Arthur Fox, member of Parliament, in respect of any remuneration payable to him as a member of the Workers' Compensation Board in respect of any period before 1 October 1958.