✨ Legislative Notices
16 JANUARY
NEW ZEALAND GAZETTE
5
Assent No.
Building 150
Local Government Official Information and Meetings Amendment (No. 2) 151
Electoral Referendum 152
Health Research Council Amendment 153
Bills Introduced
Government Bills
(Minister/Member in Charge Shown in Parenthesis)
17 December 1991
| Bill | Referred to Select Committee |
|---|---|
| Ozone Layer Protection Amendment Bill (Hon. Rob Storey.) | Planning and Development |
| Reserves and Other Lands Disposal Bill (Hon. Rob Storey.) | Planning and Development |
| Ship Registration Bill (Hon. Rob Storey.) | Communications and Road Safety |
| Takeovers Bill (Hon. D. A. M. Graham.) | Justice and Law Reform |
| District Courts Amendment Bill (No. 3) (Hon. D. A. M. Graham.) | Justice and Law Reform |
| Transport Safety Bill (Hon. Rob Storey.) | Communications and Road Safety |
| Passports Bill (Hon. Graeme Lee.) | Internal Affairs and Local Government |
| Racing Amendment Bill (Hon. John Falloon.) | Government Committee on the Bill |
| Health and Safety Employment Bill (Hon. W. F. Birch.) | Labour |
| Local Government Law Reform Bill (No. 2) | Internal Affairs and Local Government |
| Taxation Reform Bill (No. 4) | Finance and Expenditure |
Summary of Bills Introduced
Ozone Layer Protection Amendment
Miscellaneous amendments to the Ozone Layer Protection Act 1990 are contained in this bill. The effect of the amendments is to reflect the new articles inserted in, and the amendments to, the Montreal Protocol made in London in June 1990. The bill inserts a new Part 1A setting out restrictions on the exportation of bulk controlled substances and amends the prohibition of some imports, the application for exemptions, and the offences and penalties. It also amends the definition of “aerosol”.
Reserves and Other Lands Disposal
This bill contains miscellaneous provisions relating to specific areas of Crown land, reserves, and other land held for public and special purposes. The affected pieces of land are parts of the Ruakura Animal Research Station, the Pukeroa Domain in Rotorua, parts of the Urewera National Park, Westland National Park, Abel Tasman National Park, and Mount Aspiring National Park, a harbour reserve area at the seaward end of the Kaikoura Peninsula, an area of land adjacent to the Marlborough Sounds foreshore, five pieces of land endowed to the University of Otago, the Pukaki Lagoon, and Te Ngae Mission Farm and the adjoining land.
Ship Registration
The bill establishes an independent New Zealand register of ships and replaces the provisions relating to ship registration in Part XII of the Shipping and Seamen Act 1952. The general object of the bill is to confer true nationality on ships registered in New Zealand and to continue provisions that provide proper evidence of title to a ship.
Takeovers
This bill provides for the establishment of a Takeovers Panel. The Panel is to consist of 7 members appointed by the Minister of Justice.
The principal function of the Panel is to formulate and recommend a takeovers code that, on its approval by the Governor-General by Order in Council, will apply to takeovers of listed public issuers.
The Panel is required to formulate a takeovers code that, so far as practicable,—
(a) Encourages the efficient allocation of resources:
(b) Encourages competition for corporate control:
(c) Assists in ensuring that shareholders are treated fairly:
(d) Promotes the international competitiveness of New Zealand’s capital markets:
(e) Recognises that ultimately it is for shareholders to determine the merits of a takeover offer:
(f) Maintains a proper relation between the costs of compliance with the code and the benefits from it.
It is intended that the Panel will have a wide discretion in determining both the type of takeovers code it should recommend and the specific provisions of the code itself.
The bill specifies the matters the Panel must consider in formulating the code. It is required to consider whether the code should provide for—
(a) Advance notice and publicity about a takeover;
Next Page →
PDF embedding disabled (Crown copyright)
View this page online at:
VUW Te Waharoa —
NZ Gazette 1992, No 2
NZLII —
NZ Gazette 1992, No 2
✨ LLM interpretation of page content
🏛️ Bills Assented To
🏛️ Governance & Central AdministrationBuilding, Local Government Official Information and Meetings Amendment (No. 2), Electoral Referendum, Health Research Council Amendment
🏛️ Bills Introduced
🏛️ Governance & Central Administration17 December 1991
Ozone Layer Protection Amendment, Reserves and Other Lands Disposal, Ship Registration, Takeovers, District Courts Amendment (No. 3), Transport Safety, Passports, Racing Amendment, Health and Safety Employment, Local Government Law Reform (No. 2), Taxation Reform (No. 4)
- Hon. Rob Storey
- Hon. D. A. M. Graham
- Hon. Graeme Lee
- Hon. John Falloon
- Hon. W. F. Birch
🏛️ Summary of Ozone Layer Protection Amendment Bill
🏛️ Governance & Central AdministrationOzone Layer Protection Act 1990, Montreal Protocol, London 1990, Exportation, Importation, Exemptions, Offences, Penalties, Aerosol
🗺️ Summary of Reserves and Other Lands Disposal Bill
🗺️ Lands, Settlement & SurveyCrown Land, Reserves, Ruakura Animal Research Station, Pukeroa Domain, Urewera National Park, Westland National Park, Abel Tasman National Park, Mount Aspiring National Park, Kaikoura Peninsula, Marlborough Sounds, University of Otago, Pukaki Lagoon, Te Ngae Mission Farm
🚂 Summary of Ship Registration Bill
🚂 Transport & CommunicationsShip Registration, Shipping and Seamen Act 1952, Nationality, Title to Ships
🏭 Summary of Takeovers Bill
🏭 Trade, Customs & IndustryTakeovers Panel, Minister of Justice, Takeovers Code, Governor-General, Order in Council, Listed Public Issuers, Shareholders, Corporate Control, Capital Markets