Crown Entities Act 2004

Establishment and governance of Crown entities - Crown entity companies - Collective duties of board

93: Subsidiaries

You could also call this:

"Crown entity companies must follow rules for their subsidiaries"

Illustration for Crown Entities Act 2004

If you are a Crown entity company, you must make sure your company follows the rules in sections 96 to 101. You have to comply with these rules. This is your responsibility as a Crown entity company.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM330335.


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92: Duty to act consistently with objectives, functions, statement of intent, and statement of performance expectations, or

"Crown entity companies must do things that match their goals and plans."


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94: Accountability for collective board duties, or

"Board members are responsible for working together and following the rules, or they might lose their job."

Part 2Establishment and governance of Crown entities
Crown entity companies: Collective duties of board

93Subsidiaries

  1. A Crown entity company must ensure that the company complies with sections 96 to 101.