When you look at how statutory entities are taxed, they are considered public authorities. This is for the purposes of the Inland Revenue Acts, which is a term defined in the Tax Administration Act 1994. You need to check if the Inland Revenue Acts or the entity's own Act says something different about this.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM330576.
168: Accounting records to be kept, or
"Crown entities must keep accurate and easy-to-access accounting records."
170: Responsible Minister may set standards, terms, and conditions in respect of certain classes of outputs, or
"The Minister can set rules for what Crown entities do and how they do it."
A statutory entity is a public authority for the purpose of the Inland Revenue Acts (as that term is defined in the Tax Administration Act 1994) unless either those Acts or the entity's Act provides otherwise.
