✨ Transport Authority Rules
22 OCTOBER 2004 NEW ZEALAND GAZETTE, No. 136 3357
2.6
Amendment
These Rules may be amended by the ARC by council resolution. The ARC will consult with
the Board prior to making an amendment to these Rules. Any such amendment will take
effect on and from the date such amendment is notified in the Gazette (or such later date as
may be specified in such amendment).
2.7
ARC as Sole Shareholder
ARTA is a council-controlled organisation for the purposes of the Local Government Act
2002. For the purposes of part 5 of the Local Government Act 2002, the ARC is to be
treated as the sole shareholder of ARTA.
Restricted transactions
3.1
Restricted transactions
Subject to rule 3.2, the Directors will ensure that ARTA does not (either itself or through an
ARTA Controlled Organisation), without the prior written approval of the ARC:
(a) enter into any transaction or series of linked or related transactions which constitutes a
Material Transaction; or
(b) establish or dispose of an organisation.
3.2
General exclusion
The approval of the ARC under rule 3.1(a) is not required for any transaction or other matter
authorised in the Funding Agreement in relation to the then current financial year of ARTA.
Appointment and removal of directors
4.1
Number
The number of Directors will not at any time be more than 9 nor less than 5.
4.2
Appointment
A person may be appointed as Director in accordance with the Act.
4.3
Validity of appointment
Subject to rule [4.4], the appointment of a person as Director is not invalid only because a
defect existed in the appointment of that person.
4.4
Persons disqualified as directors
The following persons are disqualified from being Directors:
(a) a person who is an undischarged bankrupt, or is subject to an arrangement or
compromise with that person’s creditors generally;
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 136
Gazette.govt.nz —
NZ Gazette 2004, No 136
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