Reserves Amendment Act, 2005

Reserves Amendment Act 2005 068 Commenced: 17 May 2005 The Parliament of New Zealand enacts as follows: 1 Title (1) This Act is the Reserves Amendment Act 2005. (2) In this Act, the Reserves Act 1977 is called "the principal Act". 2 Commencement This Act comes into force on the day after the date on which it receives the Royal assent. 3 Meeting of Boards Section 32 of the principal Act is amended by repealing subsection (2), and substituting the following subsection: "(2) An annual meeting of the Board must be held within 2 months after the end of the financial year." 4 Unauthorised expenditure Section 81 of the principal Act is amended by omitting the expression "$100", and substituting the expression "$500". Legislative history 10 May 2005 Divided from Statutes Amendment Bill (No 4), third reading