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Land Transport Act 1993  088
Commenced: 20 Aug 1993
III: Land Transport Safety Authority of New Zealand
16   Principal objective of Authority




   16. Principal objective of Authority---(1) The principal objective of
 the Authority shall be to undertake activities that promote safety in
 land transport at a reasonable cost.

   (2) For the purposes of subsection (1) of this section, a cost is a
 reasonable cost where the value of the cost to the nation is exceeded by
 the value of the resulting benefit to the nation.
     Cf. 1990, No. 98, s. 72B (1), (4); 1992, No. 75, s. 31
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