New Zealand Gazette – 2004 – No. 135

Page 3330

✨ Rules and Definitions



3330 NEW ZEALAND GAZETTE, No. 135 22 OCTOBER 2004

Material Transaction means:

(a) the acquisition of, or an agreement to acquire (whether contingent or not):

(i) any Strategic Asset; or

(ii)    any other asset the market value of which is more than 5% of the market value

of ARH’s tangible assets before the acquisition;

(b) the disposition of, or an agreement to dispose of, (whether contingent or not):

(i) any Strategic Asset; or

(ii)    any other asset the market value of which is more than 5% of the market value

of ARH’s tangible assets before the disposition;

(c) a transaction that has or is likely to have the effect of ARH acquiring rights or interests
or incurring obligations or liabilities the value of which is more than 5% of the market
value of ARH’s tangible assets before the transaction; or

(d) any transaction which may change the essential nature or scope of the activities of
ARH or any ARH Controlled Organisation;

Statement of Intent means

the then current statement of intent of ARH under the Local Government Act 2002;

Strategic Asset means:

(a) any asset owned, leased or otherwise held by ARH or any ARH Controlled
Organisation relating to land transport (as defined in section 2 of the Land Transport
Management Act 2003) in the Auckland region; and

(b) any interest in real property or other asset designated as a strategic asset for the
purposes of these Rules by the ARC by council resolution.

1.2 Construction

In these Rules, unless the context otherwise requires:

(a) words or expressions defined in the Act have the same meaning in these Rules;

(b) the headings appear as a matter of convenience and will not affect the construction of
these Rules;

(c) in the absence of an express indication to the contrary, references to rules are to rules
of these Rules;

(d) a reference to any statute, statutory regulations or other statutory instrument includes
the statute, statutory regulations or instrument as from time to time amended or re-enacted or substituted;

(e) the singular includes the plural and vice versa and one gender includes the other
gender;

(f) without limiting the circumstances in which voting rights or the appointment of a
director (or equivalent) is to be taken to be under the "control" of ARH, ARH is to be
taken as having such control;



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2004, No 135


Gazette.govt.nz — PDF NZ Gazette 2004, No 135




✨ LLM interpretation of page content

🏘️ Definitions of Material Transaction, Statement of Intent, and Strategic Asset

🏘️ Provincial & Local Government
Definitions, Material Transaction, Statement of Intent, Strategic Asset, Land Transport, Auckland Region

🏘️ Construction Rules for Interpretation

🏘️ Provincial & Local Government
Interpretation, Construction, Definitions, Rules, Statutory References