Local Government (Tamaki Makaurau Reorganisation) Council-controlled Organisations Vesting Order 2010

Auckland Waterfront Development Agency Limited

13 Vestings in Auckland Waterfront Development Agency Limited

(1)

In this clause,—

Auckland waterfront area means the area of land and waterspace bounded—

(a)

to the north, by the northern limit of the deemed coastal permit issued to Ports of Auckland Limited by the Minister of Transport on 28 July 1994 (as amended on 20 September 1999); and

(b)

to the east, by the eastern side of Queens Wharf; and

(c)

to the west, by the western end of Westhaven Drive; and

(d)

to the south, by the southern side of Westhaven Drive and then the eastern side of Beaumont Street, the southern side of Gaunt Street, the western side of Daldy Street, the northern side of Fanshawe Street, the western side of Lower Albert Street, and the northern side of Quay Street

AWDA means Auckland Waterfront Development Agency Limited.

(2)

On and from 1 November 2010, the property of the Auckland City Council specified in Part 1 of Schedule 2 vests in AWDA.

(3)

On and from 1 November 2010, the following additional assets, liabilities, and other matters that immediately before the close of 31 October 2010 are vested in or otherwise attached to the Auckland City Council, vest in or otherwise attach to AWDA:

(a)

the Council’s wharf operations within the Auckland waterfront area; and

(b)

the Council’s marina operations within the Auckland waterfront area; and

(c)

the Council’s business unit commonly known as the Marinas Stand-Alone Business Unit; and

(d)

the Council’s assets, liabilities, and other matters in relation to Westhaven Marina Limited; and

(e)

the Council’s assets, liabilities, and other matters in relation to Westhaven Trust; and

(f)

the Council’s assets, liabilities, and other matters in relation to Westhaven Existing Marina Trust; and

(g)

the Council’s assets, liabilities, and other matters in relation to Westhaven Marina Extension Trust; and

(h)

the Council’s assets, liabilities, and other matters in relation to Downtown Marinas Limited; and

(i)

all other assets, liabilities, and other matters in relation to the Council’s waterfront operations within the Auckland waterfront area.

(4)

On and from 1 November 2010, the following assets, liabilities, and other matters of the Auckland Regional Council vest in or otherwise attach to AWDA:

(a)

the property specified in Part 2 of Schedule 2; and

(b)

all assets, liabilities, and other matters relating to the property specified in paragraph (a) that, immediately before the close of 31 October 2010, are vested in or otherwise attached to the Auckland Regional Council.

(5)

On and from 1 November 2010, the following assets, liabilities, and other matters of Auckland Regional Holdings vest in or otherwise attach to AWDA:

(a)

the property specified in Part 3 of Schedule 2; and

(b)

all other assets, liabilities, and other matters that, immediately before the close of 31 October 2010, are vested in or otherwise attached to Auckland Regional Holdings’ waterfront operations within the Auckland waterfront area.