Crown Entities Act 2004

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

85: Interface with Companies Act 1993 and other Acts

You could also call this:

"How Crown entity companies follow the Companies Act and other laws"

When you are looking at a Crown entity company, you need to know how it fits with other laws. The Companies Act 1993 has rules about what information companies must give to shareholders. However, a Crown entity company cannot use these rules to refuse giving out information that it must provide under the Crown Entities Act or the Official Information Act 1982.

If a director of a Crown entity company loses their job, they cannot get compensation under the Companies Act 1993. Generally, both the Companies Act 1993 and the Crown Entities Act apply to Crown entity companies. If a Crown entity company does something under one Act, it counts as doing it under the other Act too.

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This page was last updated on 18 July 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM330323.

Topics:

Government and voting > Government departmentsBusiness > Industry rules

84: Appointment of representative of shareholding Minister, or

"Minister chooses someone to make decisions for them in a government-owned company"

86: Board's role, or

"The board's job is to manage the company and make decisions according to the rules."

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

85Interface with Companies Act 1993 and other Acts

Section 178 of the Companies Act 1993 (which relates to information for shareholders and, among other things, sets out some reasons for which a company can refuse to provide information) does not entitle a Crown entity company to refuse to provide information that must be provided under this Act or otherwise made available to any person under the Official Information Act 1982.
Section 161(1)(b) of the Companies Act 1993 (which relates to payment to a director or former director of compensation for loss of office) does not apply to a Crown entity company.
In all other respects, both the Companies Act 1993 and this Act apply to a Crown entity company in respect of a matter, but anything done under one Act counts towards compliance with the other Act.