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Crown Entities Act 2004

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

149C: Obligation to prepare statement of performance expectations

You could also call this:

"Crown entities must plan ahead with a statement of performance expectations each year"

Illustration for Crown Entities Act 2004

If you are a Crown entity, you must prepare a statement of performance expectations before the start of each financial year. This statement must comply with section 149E. You will use this statement to plan for the upcoming financial year.

If you do not plan to supply any reportable classes of outputs in that financial year, your statement of performance expectations must still comply with certain parts of section 149E, specifically section 149E(1)(b) to (d) and (3). However, you do not need to comply with other parts of section 149E, such as section 149E(1)(a) or (2).

You should check section 149E to see what you need to include in your statement of performance expectations.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6176675.

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149B: Purpose of statement of performance expectations, or

"What a Crown entity aims to achieve and how it will be measured."

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149CA: Responsible Minister may grant extension of time for obligation to prepare statement of performance expectations: COVID-19, or

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

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

149CObligation to prepare statement of performance expectations

  1. Before the start of each financial year, a Crown entity must prepare a statement of performance expectations for that financial year that complies with section 149E.

  2. However, if the Crown entity does not propose to supply any reportable classes of outputs in that financial year, the entity's statement of performance expectations—

  3. must comply with section 149E(1)(b) to (d) and (3); but
    1. need not comply with section 149E(1)(a) or (2).

      Notes
      • Section 149C: inserted, on , by section 58 of the Crown Entities Amendment Act 2013 (2013 No 51).