Parliamentary and Gazette Information




NEW ZEALAND GAZETTE

No. 152

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Parliamentary Summary

Bills Assented To

Local Bill

23 August 1989—
Marlborough County Council (Riverlore Reserve) Empowering

Assent No.
2
[Local]

Bills Introduced

Government Bill

(Minister/Member in Charge Shown in Parenthesis)

24 August 1989—
National Provident Fund Restructuring Bill. (Hon. David Caygill.)

Referred to Select Committee
Commerce and Marketing

Summary of Bills Introduced

National Provident Fund Restructuring Bill

This Bill provides for the restructuring of the National Provident Fund Board, the National Provident Fund, and the existing National Provident Fund superannuation schemes and investment arrangements. The principal features of the Bill are as follows:

(a) The National Provident Fund Board, a body corporate established under the National Provident Fund Act 1950, is authorised to register a public company under the Companies Act 1955:

(b) On a date to be appointed by the Governor-General by Order in Council, the property, rights, and liabilities of the National Provident Board will vest in the company:

(c) The existing National Provident Fund schemes will, as from 1 April 1991, be closed to new members:

(d) The company is given power to restructure the National Provident Fund by, among other things, establishing trust funds in the nature of unit trusts:



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📰 Availability of New Zealand Gazette

📰 NZ Gazette
Subscription, Government Bookshops, Availability

🏛️ Guests of Government

🏛️ Governance & Central Administration
Distinguished Visitors, Government Guests

🏛️ Parliamentary Summary - Bills Assented To

🏛️ Governance & Central Administration
23 August 1989
Bills, Assent, Local Bill, Marlborough County Council

🏛️ Parliamentary Summary - Bills Introduced

🏛️ Governance & Central Administration
24 August 1989
Bills, Introduction, National Provident Fund Restructuring Bill
  • Hon. David Caygill

💰 Summary of National Provident Fund Restructuring Bill

💰 Finance & Revenue
National Provident Fund, Restructuring, Legislation, Superannuation Schemes