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The New Zealand Azette Issue No. 190 · 3861 The New Zealand azette WELLINGTON: THURSDAY, 12 DECEMBER 1991 Contents Vice Regal None Parliamentary Summary 3862 Private Bills None Government Notices 3864 Authorities and Other Agencies of State Notices 3871 Land Notices 3872 Regulation Summary 3880 General Section 3881 New Zealand Gazette 1991-1992 Deadlines 3882 Using the Gazette The New Zealand Gazette, the official newspaper of the Closing time for lodgment of notices at the Gazette Office is Government of New Zealand, is published weekly on 12 noon on the Tuesday preceding publication (except for Thursday. Publishing time is 4 p.m. holiday periods when special advice of earlier closing times Notices for publication and related correspondence should be will be given) . addressed to: Notices are accepted for publication in the next available issue, Gazette Office, unless otherwise specified. Department of Internal Affairs, P.O. Box 805, Notices being submitted for publication must be reproduced Wellington. copies of the originals. Dates, proper names and signatures are Telephone (04) 495 7200 to be shown clearly. A covering instruction setting out require­ Facsimile (04) 499 1865 ments must accompany all notices. or lodged at the Gazette Office, Seventh Floor, Dalmuir Copy will be returned unpublished if not submitted in House, 114 The Terrace, Wellington. accordance with these requirements. 3862 NEW ZEALAND GAZETTE No . 190 Availability Cargill House, 123 Princes Street, Dunedin. The New Zealand Gazette is available on subscription from Bennetts Bookshop Limited GP Publications Limited or over the counter at the following 38-42 Broadway Avenue, Palmerston North. locations: Bowen House, Lambton Quay, Wellington. GP Books Limited Gazette: Housing Corporation Building, 25 Rutland Street, Other issues of the Auckland. Commercial Edition-Published weekly on Wednesdays. Customs Edition-Published weekly on Tuesdays. 33 King Street, Frankton, Hamilton. Special Editions and Supplements-Published as and when 147 Hereford Street, Christchurch. required. Advertising Rates The following rates for the insertion of material in the Category 2 Principal Edition of the New Zealand Gazette apply as from Notices in table form or taking up two columns across the 1 July 1991: page, e.g.: Regulation Summaries, notices under the Medicines Act - 60c per word. Category 1 The appropriate rate to be applied to an advertisement will be determined at the time of setting up the notice for publication. Customers will be invoiced in accordance with standard Single column notices, e.g.: Notices under the Transport Act, commercial practices. Advertising rates are not negotiable. Public Works Act - 55c per word. All rates shown are inclusive of G.S.T. Parliamentary Summary Bills Assented To Government Bills Assent No. 9 December 1991 Land Transfer Amendment 118 Securities Transfer 119 Proceeds of Crime 120 Ombudsmen Amendment 121 Orakei 122 Social Welfare (Transitional Pensions) Amendment (No. 3) 123 Social Security Amendment (No. 4) 124 Income Tax Amendment (No. 6) 125 Bills Introduced Government Bills (Minister/Member in Charge Shown in Parenthesis) Referred to Select Committee 3 December 1991 Industry Training Bill (Hon. Dr Lockwood Smith) Labour 4 December 1991 Energy Sector Reform Bill (Hon. John Luxton) Planning and Development Financial Reporting Bill (Hon. D. A. M. Graham) Justice and Law Reform 12 DECEMBER NEW ZEALAND GAZETTE 3863 {Minister/Member in Charge Shown in Parenthesis) Referred to Select Committee Private Savings Banks (Transfer of Undertakings) Bill (Hon. Ruth Richardson) Finance and Expenditure Summary of Bills Introduced Industry Training This bill provides for the funding of industry training organisations, and for the payment by persons engaged in industries of levies providing funds for recognised organisations administering the delivery of industry-based training in those industries. The bill seeks to encourage and improve industry-based training, and provide for the administration of approved programmes of industry-based training and training arrangements in the nature of apprenticeships. The bill also aims to provide for the protection of people receiving industry-based training. The Technicians Training Act 1967 and the Apprenticeship Act 1983 are repealed and the bill provides for the continued administration of contracts under those Acts. Energy Sector Reform This bill effects major reforms in the electricity and gas industries. The principal features of the bill are as follows: (a) Electric Power Boards are to be restructured. An Electric Power Trust will be established in respect of each Board, and the Board and the Trust will be required to form an electricity company in which the shareholders are the trustees of the Trust. The undertaking of the Board will then be vested in the electricity company, and the Board dissolved. Special provision is made in respect of the Waikato Electricity Authority: (b) The Local Government Act 1974 is amended to require local authorities to establish energy companies in which the shareholder is the local authority. The local authority will be required to transfer its electricity undertaking, and any gas undertaking, to the energy company. Provision is made for two or more local authorities to transfer their respective energy undertakings to one energy company in which the shareholdings are the local authorities so transferring their energy undertakings: (c) Provision is made for the holding of polls in relation to the ownership of the assets of Electric Power Boards and of local authority energy undertakings. An Electric Power Trust will be required to hold a poll if directed to do so by Order in Council, or if five percent or more of the consumers of the associated electricity company demand that a poll be held. The result of a poll will be binding: (d) The Electricity Act 1968 is repealed, and new provisions enacted in relation to the regulation of the supply of electricity. These include- (i) The abolition of licences to supply electricity and consequentially the obligation on licenceholders to supply (although a licensing regime is continued on a transitional basis until 1993 in relation to the supply of electricity to consumers with an annual consumption of not less than 0.5 gigawatt hours for the year ending 31 December 1991): (ii) The abolition of subsidies for rural electrical reticulation (although subsidies already granted will be honoured): (iii) The abolition of the right of electricity suppliers to enter private property to construct and maintain electrical works (other than works already in existence): (iv) New provisions relating to access, by electricity suppliers, to the road reserve and level crossings: (v) New provisions relating to the disclosure of information by electricity suppliers: (vi) New provisions empowering the making of regulations imposing price restraint in relation to electricity conveyed or supplied to domestic premises: (e) The Electric Linemen Act 1959 and the Electrical Registration Act 1979 are repealed, and new provisions enacted relating to the registration of electrical workers and the carrying out of electrical work. These include- (i) The establishment of an Electrical Workers Registration Board to be responsible for the registration and discipline of electrical workers: (ii) Provision for the issuing of licences to enable non-registered employees of approved organisations to do electrical work: (iii) Greater scope for non-registered persons to do electrical work: (iv) Provisions for registered persons carrying out electrical work to test and certify their own work, with provision for random inspections to be carried out under the supervision of the Electrical Workers Registration Board: (f) The Gas Act 1982 is repealed, and new provisions enacted in relation to the regulation of the supply of gas. These are similar to provisions for electricity listed under (d) (i), (iii), (iv), and (v) above. (g) The Plumbers, Gasfitters, and Drainlayers Act 1976 is amended with respect to gasfitting. These amendments include­ (i) Provision for the registration and discipline of gas inspectors: (ii) The imposition, on the Plumbers, Gasfitters, and Drainlayers Board, of the responsibility to ensure the ongoing professional competence of registered persons undertaking gasfitting: This section also contains similar provisions listed under (e) (ii), (iii), and (iv). (h) The State-Owned Enterprises Act 1986 is amended to provide for the Southland Electric Power Supply to become a State owned enterprise. 3864 NEW ZEALAND GAZETTE No. 190 Financial Reporting This bill requires issuers of securities to the public to file financial statements with the Registrar of Companies. It also provides for the establishment of an Accounting Standards Review Board which will have, as its principal function, the function of approving accounting standards. Financial statements will be required to comply with applicable accounting standards approved by the Board. If, however, the financial statements of the public issuer do not give a true and fair view of the affairs of the issuer, the financial statements will have to contain information and explanations so as to ensure that they give a true and fair view of those affairs. Private Savings Bank (Transfer of Undertakings) This bill provides for the transfer of the businesses of private savings banks to their parent banks. Private savings banks are savings banks operated by subsidiaries of ANZ Banking Group (New Zealand) Limited, Bank of New Zealand, The National
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