New Zealand Gazette – 2004 – No. 136

Page 3354

✨ Rules of the Auckland Regional Transport Authority



3354

NEW ZEALAND GAZETTE, No. 136

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 which is material to the financial position of ARTA;

(b) the disposition of, or an agreement to dispose of, (whether contingent or not):
(i) any Strategic Asset; or
(ii) any other asset which is material to the financial position of ARTA;

(c) a transaction that has or is likely to have the effect of ARTA acquiring rights or
interests or incurring obligations or liabilities which are likely to have a material
adverse effect on:
(i) the financial position or performance of the ARC; or
(ii) the ability of the ARC to perform its responsibilities, functions or powers (which
includes any material change in the basis (in terms of financial risk, service
specification or performance specification) on which ARTA contracts for the
provision of public transport services); or

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

Statement of Intent means the then current statement of intent of ARTA under the Local
Government Act 2002;

Strategic Asset means:

1.2

(a) any asset which is public transport infrastructure (as defined in the Land Transport
Management Act 2003); or

(b) any other asset specified as a strategic asset for the purposes of these Rules by the
ARC by council resolution.

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 reenacted or substituted;

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



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2004, No 136


Gazette.govt.nz — PDF NZ Gazette 2004, No 136




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