Crown Entities Act 2004

Crown entity reporting and financial obligations - Reporting obligations - Reporting: annual report

152: Disclosure of payments in respect of members, committee members, and employees

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"What Crown entities pay their staff and leaders"

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When you read the annual report of a Crown entity, you will see information about payments made to members, committee members, and employees. You will see the total amount of money paid to each member and committee member. You will also see how many employees earned over $100,000 per year and how many earned in different brackets of $10,000. You will see details of any compensation or benefits paid to people who stopped being members, committee members, or employees. You will also see details of any insurance cover for members, office holders, or employees. If a Crown entity has subsidiaries, you will see this information for each subsidiary as well, as stated in section 156A.

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Part 4Crown entity reporting and financial obligations
Reporting obligations: Reporting: annual report

152Disclosure of payments in respect of members, committee members, and employees

  1. The annual report must include, in respect of the Crown entity,—

  2. for each member, the total value of the remuneration (other than compensation or other benefits referred to in paragraph (d)) paid or payable to the member in his or her capacity as a member from the entity during that financial year; and
    1. for each committee member who is not a board member or an employee, the total value of the remuneration (other than compensation or other benefits referred to in paragraph (d)) paid or payable to the member in his or her capacity as a committee member from the entity during that financial year; and
      1. the number of employees to whom, during the financial year, remuneration (other than compensation or other benefits referred to in paragraph (d)) was paid or payable in their capacity as employees, the total value of which is or exceeds $100,000 per annum, and the number of those employees in brackets of $10,000; and
        1. the total value of any compensation or other benefits paid or payable to persons who ceased to be members, committee members, or employees during the financial year in relation to that cessation and the number of persons to whom all or part of that total was paid or payable; and
          1. details of any indemnity provided by the entity during the financial year to any member, office holder, or employee; and
            1. details of any insurance cover effected by the entity during the financial year in respect of the liability or costs of any member, office holder, or employee.
              1. Despite section 156A, the annual report of a Crown entity that has 1 or more subsidiaries must include the information specified in subsection (1) in respect of each subsidiary as well as in respect of the Crown entity.

              2. In subsection (1), member and office holder and employee include a person who was a member or office holder or employee at any time after the commencement of this Act but who is no longer a member, office holder, or employee.

              Compare
              Notes
              • Section 152(1): amended, on , by section 62(1) of the Crown Entities Amendment Act 2013 (2013 No 51).
              • Section 152(1)(a): amended, on , by section 62(2) of the Crown Entities Amendment Act 2013 (2013 No 51).
              • Section 152(1)(b): amended, on , by section 62(3) of the Crown Entities Amendment Act 2013 (2013 No 51).
              • Section 152(1A): inserted, on , by section 62(4) of the Crown Entities Amendment Act 2013 (2013 No 51).