New Zealand Gazette – 2005 – No. 185

Page 4675

✨ Rules of Auckland Regional Holdings



7 NOVEMBER 2005

NEW ZEALAND GAZETTE, No. 185

(b)

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;

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;

POAL means Ports of Auckland Limited;

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

Strategic Asset means:

1.2

(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.

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
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;

(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 2005, No 185


Gazette.govt.nz — PDF NZ Gazette 2005, No 185




✨ LLM interpretation of page content

🏘️ Rules of Auckland Regional Holdings (continued from previous page)

🏘️ Provincial & Local Government
26 September 2005
Rules, Auckland Regional Holdings, Local Government, Definitions, Strategic Assets, Transactions