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Crown Entities Act 2004

Crown entity reporting and financial obligations - Reporting obligations - Planning: statement of intent

140: Statement of intent for newly established Crown entities

You could also call this:

"New Crown entities must follow rules and take directions from the Minister until they have their own plan."

Illustration for Crown Entities Act 2004

When a new Crown entity is set up, it must follow the rules in section 139 as soon as possible, like it's the start of the financial year. You need to know that the responsible Minister can give the Crown entity directions on certain matters, which are listed in section 141(1) and (2)(a), (b), (d), and (e), before the Crown entity's statement of intent is in place under section 144. These directions work like the Crown entity's statement of intent until the real one is in force, and sections 113, 114, and 115 also apply to these directions.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM330541.

Topics:
Government and voting > Government departments
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139C: Responsible Minister may grant extension of time for requirement to provide statement of intent: COVID-19, or

"Minister can give more time to provide plans due to COVID-19"

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141: Content of statement of intent, or

"What a Crown entity plans to do and how it will achieve its goals"

Part 4Crown entity reporting and financial obligations
Reporting obligations: Planning: statement of intent

140Statement of intent for newly established Crown entities

  1. As soon as practicable after a Crown entity is established, the Crown entity must comply with section 139 as if it were the start of the financial year.

  2. Repealed

  3. The responsible Minister may give directions to the Crown entity on any matters referred to in section 141(1) and (2)(a), (b), (d), and (e) at any time before the Crown entity's statement of intent is in force under section 144.

  4. The directions apply as if they were the Crown entity's statement of intent, until the Crown entity's statement of intent is in force.

  5. Sections 113, 114, and 115 apply to the directions.

  6. Repealed
Notes
  • Section 140(2): repealed, on , by section 50(1) of the Crown Entities Amendment Act 2013 (2013 No 51).
  • Section 140(3): amended, on , by section 50(2) of the Crown Entities Amendment Act 2013 (2013 No 51).
  • Section 140(6): repealed, on , by section 50(3) of the Crown Entities Amendment Act 2013 (2013 No 51).