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Crown Entities Act 2004

Establishment and governance of Crown entities - Crown entity companies - Formation and shareholding of Crown entity companies

82: Constitution must be presented to House of Representatives

You could also call this:

"The government must show the company's rules to Parliament when it becomes a Crown company."

When a company becomes a Crown entity company, you need to know what rules it must follow. A Minister who owns shares in the company must give the company's constitution to the House of Representatives. The Minister must do this as soon as possible after the company becomes a Crown entity company or after any changes are made to its constitution.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM330320.

Topics:
Government and voting > Government departmentsBusiness > Industry rules
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81: Crown entity company must have constitution stating it is Crown entity, or

"Crown entity companies must have a constitution that says they are a Crown entity."

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83: Shares to be held by person holding office as Minister, or

"Minister's shares are held by the person in the Minister's role at the time"

Part 2Establishment and governance of Crown entities
Crown entity companies: Formation and shareholding of Crown entity companies

82Constitution must be presented to House of Representatives

  1. A shareholding Minister of a Crown entity company must present the constitution of the company, and any changes to the constitution and any replacement constitution, to the House of Representatives as soon as practicable after the date on which the company becomes a Crown entity company, or the date of the change or replacement, whichever is applicable.