Pursuant to section 124 (1) (d) of the Social Security Act 1964, the Minister of Social Services and Employment establishes and approves the following Amendment to the Debt Repayment (Energy Trusts) Programme (as established and approved on 10 March 2001).
Dated at Wellington this 10th day of April 2002.
STEVE MAHAREY, Minister of Social Services and Employment.
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A m e n d m e n t
1. Title-(1) This Amendment is the Debt Repayment (Energy Trusts) Amendment 2002.
(2) In this Amendment, the Debt Repayment (Energy Trusts) Programme is called "the programme".
2. Commencement-This Amendment comes into effect on the day after the date on which the Minister approves it.
3. Payment: Eligibility-Clause 6 (a) of the programme is amended by omitting the words "and before 30 June 2001".
4. Expiry of programme-If any Regulations under the Act come into force that have the effect of exempting distributions from energy trusts from being treated as income under the Act, the programme expires on the date that is 1 month after the date on which those Regulations come into force.
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Explanatory Note:
This note is not part of the Amendment but is intended to explain its general effect.
This Amendment extends the Debt Repayment (Energy Trusts) Programme to include distributions received after
30 June 2001.
It also provides for the expiry of the programme if Regulations under the Act come into force that have the effect of exempting distributions from energy trusts from being treated as income under the Act.