Plain language law

New Zealand law explained for everyone

Crown Entities Act 2004

Crown entity reporting and financial obligations - Miscellaneous

174: Minister of Finance instructions

You could also call this:

"The Minister of Finance's rules for government organisations to share information publicly."

Illustration for Crown Entities Act 2004

The Minister of Finance can give instructions to Crown entities about what information they must publish. You can think of Crown entities like government departments or organisations that work for the government. The Minister's instructions can say what the minimum requirements are for publishing this information. The Minister can also say what standards Crown entities must follow when reporting non-financial information to the government, and how they must present this information.

The Minister's instructions can apply to all Crown entities or just some of them. When the Minister gives these instructions, they must make sure they are consistent with generally accepted accounting practice, which is a set of rules that accountants follow. The Minister must also make sure the instructions are consistent with any other reporting standards that are required by law.

The Minister of Finance can choose to exempt some Crown entities from following certain instructions, and they can change or cancel this exemption later. If you want to know more about how these instructions are published, you can look at Part 3 of the Legislation Act 2019.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM330581.

Topics:
Government and voting > Government departmentsBusiness > Industry rules
Previous

173: Regulations under this Part, or

"Rules the Governor-General makes for Crown entities to follow"

Next

175: Consultation with House of Representatives on reporting standards, or

"Minister talks to House of Representatives about new reporting rules"

Part 4Crown entity reporting and financial obligations
Miscellaneous

174Minister of Finance instructions

  1. The Minister of Finance may issue instructions to Crown entities that,—

  2. prescribe minimum requirements concerning the publication of information that Crown entities must publish by or under this Act:
    1. prescribe the non-financial reporting standards that Crown entities must apply and the form in which Crown entities must provide the information that they are required to present to the House of Representatives by or under this Act.

      1. The instructions in subsection (1) may be made in respect of all or any Crown entities, or categories or types of Crown entities.

      2. The instructions in subsection (1) must be consistent, in the opinion of the Minister, with generally accepted accounting practice and any reporting standard imposed by or under any other Act, to the extent that those matters are relevant to the instructions.

      3. The Minister of Finance may exempt any Crown entities, or categories or types of Crown entities, from provisions of any instruction, and may amend or revoke that exemption in the same way.

      4. Instructions under this section are secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

      5. Repealed
      Notes
      • Section 174(5): replaced, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).
      • Section 174(6): repealed, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).