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\qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid14706750 NIUE
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14706750 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid14706750 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 NIUE PHILATELIC AND NUMISMATIC ACT 1996
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 No}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid6433309 .}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  206
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid11947005 ANALYSIS}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid11947005 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 PART I }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid9061020 -}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  PRELIMINARY
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par 1. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Short Title and Commencement}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par 2. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Interpretation}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par 3. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Application}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par 4. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 General Objectives of the Act
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 PART II }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid9061020 -}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  THE NIUE PHILATELIC AND NUMISMATIC COMPANY
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par 5. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 The Company established
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 6. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Functions and powers of the Company
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 7. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Government policy
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 8. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Board of Directors}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par 9. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Chairperson}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par 10. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Disclosure of interest
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 11. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Directors not personally liable}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par 12. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Contracts by Comp}{\fs24\lang2057\langfe1033\langnp2057\insrsid6433309 any}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par 13. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Committees
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 14. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Delegation of powers
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 PART III }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid9061020 -}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  PERSONNEL
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12848213 15. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Company employees
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12848213 16. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Application of the Niue Public Service Terms and Conditions
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 PART IV}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid9061020 -}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  FINANCIAL PROVISIONS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par 17. }{\fs24\lang2057\langfe1033\langnp2057\insrsid6433309 Annual estimates}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par 18. }{\fs24\lang2057\langfe1033\langnp2057\insrsid6433309 Accounts and records}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 1}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 9. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Audit
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12848213 20.}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Annual report }{\fs24\lang2057\langfe1033\langnp2057\insrsid12848213 

\par 21. }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Taxation
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12848213 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid12848213 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid12848213 PART V }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid12848213 -}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid12848213  MISCELLANEOUS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid12848213 
\par 23.}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  Regulations
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12848213 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid12848213 {\fs24\lang2057\langfe1033\langnp2057\insrsid11947005 -----------------------------------------}{\fs24\lang2057\langfe1033\langnp2057\insrsid12848213 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid12848213 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 An Act to establish the NIU}{\fs24\lang2057\langfe1033\langnp2057\insrsid856133 E PHILATELIC AND}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid856133 NUMISTIC COMPANY for}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  the purpose of conducting Philatelic and Numismatic business.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12848213 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid10957593 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid10957593\charrsid10957593 PART I - PRELIMINARY
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid10957593 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid856133 1.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid856133  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid856133 Short Title and Commencement}{
\fs24\lang2057\langfe1033\langnp2057\insrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid856133 - }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 (1) This Act may be cited as the Niue Philatelic and Numismatic Act 1996}{
\fs24\lang2057\langfe1033\langnp2057\insrsid856133 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12848213 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 (2) }{\fs24\lang2057\langfe1033\langnp2057\insrsid6433309 T}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
his Act shall deemed to come into force on the 16th day of May 1996}{\fs24\lang2057\langfe1033\langnp2057\insrsid6433309 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12848213 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid13375532 2.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid13375532  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid13375532 Interpretation}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  In this Act, unless }{
\fs24\lang2057\langfe1033\langnp2057\insrsid6433309 the context otherwise requires-
\par 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid6433309 {\fs24\lang2057\langfe1033\langnp2057\insrsid6433309 "}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Assembly
" means the Legislative Assembly of Niue.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid13375532 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13375532 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 "Board" means the Board of Directors appointed under the provisions of this Act.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13375532 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 "Philatelic" means matters dealing with or concerning stamps.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid13375532 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 "Numismatic" means matters dealing with or concerning coins or coinage.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid13375532 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid990978 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 "Cabinet" means the Cabinet of Ministers of Niue pursuant to Article 2 of the Niue Constitution.

\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid990978 {\fs24\lang2057\langfe1033\langnp2057\insrsid990978 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid990978 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 "Company" means the Niue Philatelic and Numismatic Company.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid990978 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid990978 {\fs24\lang2057\langfe1033\langnp2057\insrsid1273259 "Minister}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 " means the Minister of Finance.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid990978 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid990978 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 "Other revenue earning options" means options approved by Cabinet, that may}{
\fs24\lang2057\langfe1033\langnp2057\insrsid990978  }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 earn Niue revenue.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid990978 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid990978 {\fs24\lang2057\langfe1033\langnp2057\insrsid15806871 "Regulations}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
" means regulations made under Section 23 of this Act.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid990978 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid1078381 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 "Services" in addition to Philatelic and}{\fs24\lang2057\langfe1033\langnp2057\insrsid12736513 
 Numismatic, includes any other }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 service carried out by the Company under this Act.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid990978 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid1078381 3.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid1078381  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid1078381 Application}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  This Act shall bind the Crown}{
\fs24\lang2057\langfe1033\langnp2057\insrsid15806871  except as specified in this Act}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  or the regulations but nothing in this Act shall render the Crown liable to any prosecution.
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid1078381\charrsid12736513 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid12736513 4.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid12736513  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid12736513 General objectives of the Act}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
 The general objectives of the Act are to provide for Philatelic and Numismatic and other matters to be controlled by a Company, which is subject to this Act.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12736513 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid12736513 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid12736513 PART II }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid12736513 -}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid12736513  THE NIUE PHILATELIC AND NUMISMATIC COMPANY
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid12736513 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 5.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid8203641  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 The Company established}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
 There is hereby established a Company to be called the Niue Philatelic and Numismatic Company.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12736513 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 6.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid8203641  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 Functions and powers of the Company}
{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
 The functions of the Company shall be to administer philatelic, numismatic and other revenue earning options and services as approved by Cabinet.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12736513 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid12736513 7.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid12736513  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid12736513 Government policy}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
 In the exercise of its functions and powers under this Act the Company shall have regard to the general policy of the Government; in relation to philatelic, numismatic and any other revenue earning options of the Government and shall comply with any dire
ctions given by Cabinet pursuant to any such policy.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12736513 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 8.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid8203641  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 Board of Directors}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
 (1) The Company shall be governed by a Board of Directors consisting of the following Directors:
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid8203641 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 (a)}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 The Minister of Finance}{\fs24\lang2057\langfe1033\langnp2057\insrsid15806871 ;}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid8203641 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 (b)}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 The Government Solicitor}{\fs24\lang2057\langfe1033\langnp2057\insrsid15806871 ;}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid8203641 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 (c)}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 The Financial Secretary}{\fs24\lang2057\langfe1033\langnp2057\insrsid15806871 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 (2) Without limiting the generality of the powers and functions of the Company as provided under this Act, the Board shall }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid8203641 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 (a)}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 ensure that the functions of the Co}{\fs24\lang2057\langfe1033\langnp2057\insrsid15806871 mpany are performed efficiently;}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid8203641 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 (b)}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 maintain the independence and integrity of the Company}{\fs24\lang2057\langfe1033\langnp2057\insrsid15806871 ;}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid8203641 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 (c)}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 ensure the assets of the Company are as far as practicable preserved, maintained and utilised in a way consistent wi}{\fs24\lang2057\langfe1033\langnp2057\insrsid11947005 
th the functions of the Company;}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid8203641 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 (d)}{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020  }{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 ensure that the Company does not contravene or fail to comply with any of the provisions of this Bill or any di}{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 
rections given under Section 7 o}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 f this}{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641  }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 Act.
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 9.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid8203641  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 Chairperson}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  Cabinet shall from time to t}{
\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 ime appoint one of the Directors}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  to act as Chairperson.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid8203641\charrsid16410555 10. Disclosure of interest}{\fs24\lang2057\langfe1033\langnp2057\insrsid11947005  -}{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641\charrsid16410555 
 A Director who has a direct or indirect pecuniary interest in a matter being considered or about to be considered by the Board shall, as soon as possible }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid16410555 
after the relevant facts have come to his knowledge, disclose the nature of his interest at a meeting of the Board.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641\charrsid16410555 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 11.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid8203641  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 Directors not personally liable}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
 No Director of the Company shall be personally liable for any act done or default made by the Company or by any of its employees in good faith in the course of operations of the Company.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 12.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid8203641  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 Contracts by the Company}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  The Company may from time to time enter into contracts.

\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 13.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid8203641  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 Committees}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
 (1) The Company may from time to time appoint committees consisting of any Directors or officers of the Company.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 (2) Subject to the other provisions of this Act and to directions given to it }{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 by}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 th}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 e Co
mpany, every committee may regulate its procedure in such a manner as it thinks fit.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 14.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid8203641  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid8203641 Delegation of powers}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
 (1) The Company may from time to time delegate in writing to any of its Committees or to the Manager, or to any other officer of }{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 the}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  Company any of its powers under this Act, including this present power of delegation.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 (2) Subject to any general or special directions given to it or to him by the Company any Committee or person to whom any powers are so delegated may exercise those powers in the 
same manner and with the same effect as if they had been conferred on it directly by thi}{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 s Act and not by delegation.}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 (3) Any committee or person purporting to act under any delegation under this section shall be presumed, until the contrary is proven, to 
be acting in accordance with the terms of the delegation.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 (4) Every such delegation shall be revocable in writing at will, and no such delegation shall prevent the exercise of any power by the Company itself.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid8203641 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 (5) Until any such delegation is revoked it shall continue in force according to its tenor, notwithstanding any change in the membership of the Company or }{
\fs24\lang2057\langfe1033\langnp2057\insrsid4749958 an}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 y Committee.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid4749958 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4749958 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid4749958\charrsid4749958 PART III - PERSO}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid11947005 N}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid4749958\charrsid4749958 NEL
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid4749958 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid4749958 15.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid4749958  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid4749958 Company Employees}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
 (1) The Company may from time to time employ such officers and employees as it considers neces}{\fs24\lang2057\langfe1033\langnp2057\insrsid4749958 
sary for the performance of its functions, on such terms and condition as provided under section 17 of this Act, and may at any time remove any such officer or employee from his office or }{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 employment}{\fs24\lang2057\langfe1033\langnp2057\insrsid4749958 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid4749958 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
(2) For the purpose of Article 62 (3) of the Niue Constitution employees of the Company shall not be regarded as members of the Niue Public Service for the purpose of their duties with the Company.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid4749958 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid5201786 16.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid5201786  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid5201786 
Application of the Niue Public Service Terms and Conditions}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid4749958  The}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  Company may from time to time with any necessary modifications, apply the terms and conditions applicable to the Niue Public Service.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5201786 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5201786 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid5201786 PART IV }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid5201786 -}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid5201786  FINANCIAL PROVISIONS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid5201786 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid5201786 17.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid5201786  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid5201786 Annual estimates}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  
(1) The Company shall, for each financial year prepare an estimate, in a form approved by the Minister of Finance, of the amount of expenditure and revenue for all pu}{\fs24\lang2057\langfe1033\langnp2057\insrsid5201786 rposes and the receipts of the C}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 ompany.}{\fs24\lang2057\langfe1033\langnp2057\insrsid5201786  }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 The annual balance date of the Company shall be the 31}
{\fs24\lang2057\langfe1033\langnp2057\insrsid5201786 st}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  March.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5201786 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
(2) The estimates so prepared shall be submitted to the Assembly not later than such date as the Minister of Finance directs, for the approval of such estimates by the Assembly, and the funds of the Compa}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5201786 ny shall not be expended otherw}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 ise than in accordance with estimates of expenditure so approved.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5201786 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5201786\charrsid5201786 18}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid5201786 .}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid5201786  }{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid5201786 Accounts and records}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  The Company shall keep proper accounts and records of the transactions and affairs of the Company and shall do all things necessary to ensure that all payments out of i
ts funds are correctly made and properly}{\fs24\lang2057\langfe1033\langnp2057\insrsid5201786  }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 authorised and that adequate control is maintained over the assets of or}{
\fs24\lang2057\langfe1033\langnp2057\insrsid16410555  }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 in the custody of the Company and over incurring of liabilities by the Company.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5201786 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid5201786 19.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid5201786  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid5201786 Audit}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  The accounts and records of financial transaction
s of the Company shall be audited annually by the Government Auditor and a report of the audit shall be furnished to the Company and to the Niue Assembly.
\par 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid5201786 20.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid5201786  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid5201786 Annual report}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  The Company shall within three mon
ths after the end of the Company's financial year prepare and furnish to Cabinet and the Niue Assembly}{\fs24\lang2057\langfe1033\langnp2057\insrsid5201786  }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
a report on its operation during the year end}{\fs24\lang2057\langfe1033\langnp2057\insrsid5201786 ed on that date together with fi}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 n}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5201786 a}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 nci}{\fs24\lang2057\langfe1033\langnp2057\insrsid5201786 a}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 
l statements in respect of that year in such form as the Minister of Finance approves.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5201786 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5201786\charrsid5201786 21. Taxation}{\fs24\lang2057\langfe1033\langnp2057\insrsid5201786  }{\fs24\lang2057\langfe1033\langnp2057\insrsid11947005 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5201786 
 The Company shall be subject to taxation.
\par 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid5201786 22}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5201786\charrsid5201786 .}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5201786  }{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid5201786 Dividends}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid14696227  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  The Company shall pay a dividen}{\fs24\lang2057\langfe1033\langnp2057\insrsid14696227 d to the Government as agreed from}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  time to time by the Board.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14696227 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14696227 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid14696227 PART V }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid14696227 -}{
\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid14696227  MISCELLANEOUS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9061020 {\fs24\lang2057\langfe1033\langnp2057\insrsid14696227 
\par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid14696227 23.}{\b\fs24\lang2057\langfe1033\langnp2057\insrsid9061020\charrsid14696227  }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid14696227 Regulations}{
\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  }{\fs24\lang2057\langfe1033\langnp2057\insrsid9061020 -}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  Cabinet may from time to tim
e on the recommendation of the Company make regulations necessary for carrying out or giving full }{\fs24\lang2057\langfe1033\langnp2057\insrsid14696227 ef}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 fect }{
\fs24\lang2057\langfe1033\langnp2057\insrsid14696227 to the}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  provisions of this Act.
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid16410555\charrsid9061020 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 This }{\fs24\lang2057\langfe1033\langnp2057\insrsid16410555 Act }{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020 was passed}{
\fs24\lang2057\langfe1033\langnp2057\insrsid14696227  by the Niue Assembly on the 16th}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902\charrsid9061020  day of May 1996.}{\fs24\lang2057\langfe1033\langnp2057\insrsid5517902 
\par }{\fs24\lang2057\langfe1033\langnp2057\insrsid14696227 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14696227 {\fs24\lang2057\langfe1033\langnp2057\insrsid11947005 ---------------------------------}{\fs24\lang2057\langfe1033\langnp2057\insrsid14696227 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4356061 {\fs24\lang2057\langfe1033\langnp2057\insrsid4356061 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4356061 {\fs24\lang2057\langfe1033\langnp2057\insrsid4356061 This Act is to be }{\fs24\lang2057\langfe1033\langnp2057\insrsid4536999 A}{
\fs24\lang2057\langfe1033\langnp2057\insrsid4356061 dministered by the Board.}{\fs24\lang2057\langfe1033\langnp2057\insrsid4356061\charrsid9061020 
\par }}