New Zealand Gazette – 2015 – No. 87

Page 52

✨ Legislative Amendments and Ministerial Directions



NEW ZEALAND GAZETTE, No. 87 — 6 AUGUST 2015

Temporary Accommodation Assistance (Canterbury Earthquake) Amendment (No. 2) 2015

Pursuant to section 124(1)(d) of the Social Security Act 1964, the Minister for Social Development makes the following instrument.

Instrument

  1. Title—This instrument is the Temporary Accommodation Assistance (Canterbury Earthquake) Amendment (No. 2) 2015.

  2. Commencement—This instrument comes into effect on the day after the date on which it is made.

  3. Principal programme—This instrument amends the Temporary Accommodation Assistance (Canterbury Earthquake) Programme (as established and approved on 16 February 2011)[^1] ("the principal programme").

  4. Clause 3 amended (Expiry)—In clause 3, replace "31 October 2015" with "31 December 2017".

Dated at Wellington this 28th day of July 2015.

Hon ANNE TOLLEY, Minister for Social Development.

Explanatory Note

This note is not part of this instrument, but is intended to indicate its general effect.

This instrument amends the Temporary Accommodation Assistance (Canterbury Earthquake) Programme to extend its expiry to the close of 31 December 2017.

[^1]: New Zealand Gazette, 3 March 2011, No. 23, page 619

2015-go4513

Direction by the Minister Responsible for the Earthquake Commission to the Earthquake Commission Pursuant to Section 103 of the Crown Entities Act 2004 – Natural Disaster Fund Investment Policies

  1. Under section 103 of the Crown Entities Act 2004 and in accordance with section 12 of the Earthquake Commission Act 1993 ("Act"), the Minister Responsible for the Earthquake Commission ("Minister") directs the Earthquake Commission ("Commission") to give effect to government policy as specified in this direction ("direction").

  2. This direction comes into effect on 27 July 2015 ("Commencement Date").

  3. On the Commencement Date, the direction issued by the Minister to the Commission on 30 October 2001 under section 12 of the Act (as subsequently amended) is revoked, except as provided for in paragraphs 10 and 11 of this direction.

Purpose

  1. The purpose of this direction is to ensure the Commission invests the Natural Disaster Fund ("Fund") conservatively and maintains its liquidity to meet claims in the aftermath of the Canterbury earthquake sequence.

  2. Prior to making the direction, the Minister consulted with the Commission.

Investment Policies

  1. The Fund’s investments must comprise any or all of the following ("Portfolio Composition"):
    a. Treasury bills, Government nominal bonds and Government inflation indexed bonds ("New Zealand Government Securities"), such New Zealand Government Securities to be traded only through the New Zealand Debt Management Office; and
    b. New Zealand bank securities, including New Zealand bank bills and deposits, held only in banks which ("New Zealand Bank Securities"):

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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2015, No 87




✨ LLM interpretation of page content

🏥 Temporary Accommodation Assistance (Canterbury Earthquake) Amendment (No. 2) 2015

🏥 Health & Social Welfare
28 July 2015
Social Security Act, Temporary Accommodation Assistance, Canterbury Earthquake, Expiry Extension
  • Hon ANNE TOLLEY, Minister for Social Development

🚨 Direction by the Minister Responsible for the Earthquake Commission to the Earthquake Commission Pursuant to Section 103 of the Crown Entities Act 2004 – Natural Disaster Fund Investment Policies

🚨 Emergency Management
27 July 2015
Crown Entities Act, Earthquake Commission, Natural Disaster Fund, Investment Policies
  • Minister Responsible for the Earthquake Commission