Plain language law

New Zealand law explained for everyone

Crown Entities Act 2004

Crown entity reporting and financial obligations - Reporting obligations - Application of this subpart to Crown entity groups

156B: Minister of Finance may require additional reporting

You could also call this:

"The Minister of Finance can ask for extra reports from some government groups to help understand what they do."

Illustration for Crown Entities Act 2004

The Minister of Finance can ask a Crown entity group to give more reports. You might be wondering what this means, so let's break it down: the Minister can ask for extra statements or reports from a specific entity, as if it was not part of a group. The Minister must say what reports are needed and for which years.

Before the Minister asks for these reports, they must think about what the entity does and talk to the responsible Minister. The Minister must also be sure that the reports will help people know what the entity is doing. If an entity is asked to give a report, the rules in this part of the law apply to them, with some changes if needed.

The Minister's request must be in writing and must include details about the reports, such as which ones are required and for which financial years. This helps make sure the entity knows what to do and when to do it. The Minister can even ask for reports for a certain period of time, or until they say otherwise.

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 It might be out of date or be missing some parts.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=DLM6178691.

Topics:
Government and voting > Government departments
Previous

156A: Application of this subpart to Crown entity groups, or

"Rules for Crown entities that are part of a group"

Next

157: Multi-parent subsidiaries part-owned by school board, or

"Companies partly owned by school boards: special rules for reporting"

Part 4Crown entity reporting and financial obligations
Reporting obligations: Application of this subpart to Crown entity groups

156BMinister of Finance may require additional reporting

  1. Despite section 156A, the Minister of Finance may, by notice in writing, require entity A or any other member of a Crown entity group (a specified entity) to prepare 1 or more statements or reports under this subpart as if it were not a member of a Crown entity group.

  2. A notice must specify—

  3. which statements and reports are required; and
    1. the financial years or other period (which may be until further notice) for which each statement or report is required.

      1. Before issuing a notice, the Minister of Finance must—

      2. consider the operations and functions of the specified entity; and
        1. consult the responsible Minister for the parent Crown entity of the Crown entity group to which the specified entity belongs; and
          1. be satisfied that each statement or report is necessary or desirable to enhance public accountability of the specified entity.

            1. If a specified entity is required under this section to prepare a statement or report, this subpart applies with any necessary modifications.

            Notes
            • Section 156B: inserted, on , by section 67 of the Crown Entities Amendment Act 2013 (2013 No 51).