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Crown Entities Act 2004

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

141: Content of statement of intent

You could also call this:

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

Illustration for Crown Entities Act 2004

When you read a statement of intent, it must say what the entity wants to achieve, which are called strategic intentions. You will see what the entity plans to do and how it will work towards its goals. The entity must also explain how it will manage its work and check its performance.

You will find out what the entity does and how it plans to do its work. The statement of intent must explain how the entity will manage its operations and make sure it is healthy and capable. It must also say how the entity will check if it is doing a good job and if it is meeting its goals.

The statement of intent must be written, dated, and signed by two members of the board, or one member if it is a corporation sole. When it is signed, it is final, and you can see what the entity plans to do. The entity must follow the rules in the Crown Entities Act 2004 and other laws when writing its statement of intent.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM330542.

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

141Content of statement of intent

  1. A statement of intent must, for the period to which it relates, set out the strategic objectives that the entity intends to achieve or contribute to (strategic intentions).

  2. A statement of intent must also, for the period to which it relates,—

  3. explain the nature and scope of the entity's functions and intended operations:
    1. explain how the entity intends to manage its functions and operations to meet its strategic intentions:
      1. explain how the entity proposes to manage its organisational health and capability:
        1. explain how the entity proposes to assess its performance:
          1. identify any process to be followed for the purpose of section 100:
            1. set out and explain any other matters—
              1. that are reasonably necessary to achieve an understanding of the entity's strategic intentions and capability:
                1. that the entity is required to include in its statement of intent under this Act or another Act.

                2. A statement of intent—

                3. must be in writing, be dated, and be signed on behalf of the board by 2 members or, in the case of a corporation sole, by the sole member; and
                  1. is a final statement of intent when it has been signed in accordance with paragraph (a).

                    Notes
                    • Section 141: replaced, on , by section 51 of the Crown Entities Amendment Act 2013 (2013 No 51).