New Zealand Gazette – 1994 – No. 94

Page 2884

✨ Irrigation Schemes Sale Details



2884
NEW ZEALAND GAZETTE
No. 94

Glossary

  1. Description

    This section describes the main features of the assets sold by the Crown that relate to the sale and purchase agreement. Two or more adjacent irrigation schemes constructed by the Crown as separate legal entities may have been combined for the purposes of sale.

  2. Previous Gazette references

    These are the Order or Orders in Council defining the Irrigation District(s) for the scheme(s) constructed by the Crown. These Orders were automatically revoked under the provisions of the Irrigation Schemes Act 1990 when the ownership of the assets transferred to the Purchaser.

  3. Purchaser

    The legal entity that purchased the assets. They are all irrigators.

  4. Effective Date

    The date from which the Purchaser accepted financial responsibility for the scheme.

  5. Date of Purchase

    The date on which the sale and purchase agreement for each sale became unconditional.

  6. Date of Financial Settlement

    The date on which the Purchaser legally became the owner of the assets. This date was agreed between the parties after the net settlement was finalised.

  7. Purchase Price Paid for the Assets

    The negotiated price for the assets.



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✨ LLM interpretation of page content

🌾 Valuation Model for Crown-funded Irrigation Schemes (continued from previous page)

🌾 Primary Industries & Resources
Irrigation Schemes, Valuation Model, Crown Negotiation, Water Pricing, Agricultural Economics

🌾 Glossary of Terms for Irrigation Schemes Sale

🌾 Primary Industries & Resources
Irrigation Schemes, Sale Terms, Glossary, Asset Transfer, Legal Definitions