Companies Act To Come Into Force On Tuesday

Press, Volume XCIV, Issue 28162, 28 December 1956, Page 9

Companies Act To Come Into Force On Tuesday

(From Our Own Reporter)

WELLINGTON, Dec. 27.

Legislation due to come into force on Tuesday includes the important Companies Act passed by the House of Representatives in 1955. Several other statutes passed during this year’s session will also become operative on January 1. Besides consolidating the existing company law, the new Companies Act contains amendments and additions designed to bring the law into line with that in the United Kingdom, as far as this may properly be done, having regard to New Zealand requirements and conditions. Last session’s Bankruptcy Amendment Act brings the bankruptcy law into line with provisions of the Companies Act. Another measure passed last session, the Co-operative Companies Act, will also operate from Tuesday to synchronise with the commencement of the Companies Act.

The Health Act, which consolidates and aimends the existing law on public health, will

also come into force on January 1, except for that part dealing with air pollution. Another measure passed this year with Tuesday as its commencing date is the Trustee Amendment Act, which consolidates and makes changes in the law governing trusts and trustees.

The Veterinary Surgeons Act. which consolidates and rewrites much of the legislation dealing with veterinary surgeons so as to bring it into line with the Medical Practitioners Act in registration and disciplinary powers, will come into force on March 1. Ten measures will become operative on April 1. They are: the Counties Act, which consolidates legislation dealing with counties and gives them and road boards substantially the same powers as, are conferred on borough councils and'town councils; the Noxious Animals Act, which transfers to the Forest Service the responsibility for controlling and eradicating noxious animals; sections of the Government Railways Amendment Act abolishing the Railways Commission; the Superannuation Act, which reproduces the existing law without any fundamental changes; the Rabbits Amendment Act. which prohibits the sale of rabbit skins or carcases and their export for sale; the Local Authorities’ Loans Act, which brings together in one enactment existing provisions on borrowing by local authorities; the Industries and Commerce Act, which constitutes the Department of Industries and Commerce and defines its functions: the Workers’ Compensation Act, which amends and improves the law on workers’ compensation: the Rangitaiki Land Drainage Act, which provides for the administration of the Rangitaiki land district by a board of trustees; Stock Amendment Act. insofar as it amends and alters the law dealing with brands and branding. The Dairy Products Marketing Commission Amendment Act, which reconstitutes the Dairy Products Marketing Commission, establishes a Dairy Products Prices Authority and a Dairy Industry Loans Council, and provides for the disposal of any surplus received from the sale of butter and cheese, is to come into force on August 1. All other legislation passed by Parliament this year became operative from the time it received Royal assent.