New Zealand Repealed Acts

This legislation has been repealed.

WATER SERVICES ENTITIES ACT 2022 - SECT 479

479 Crown may lend money to water services entity

1 The Minister, on behalf of the Crown, may lend money to a water services entity if—

a) the Minister considers that—

i) it is necessary or expedient in the public interest to do so; and

ii) it is necessary to meet an exceptional and temporary liquidity shortfall affecting the water services entity; and

b) the money is lent on commercial terms.

2 The Minister may lend money under subsection (1) without further appropriation than this section.

3 In this section,
"Minister" has the meaning given by section 2(1) of the Public Finance Act 1989 .

Note: 2011 No 77 s 15

History: Section 479: inserted, on 31 August 2023, by section 34 of the Water Services Legislation Act 2023 (2023 No 52).