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Reserves Act 1977

Financial provisions

88A: Crown entities

You could also call this:

"What are Crown entities and how they follow the law"

Illustration for Reserves Act 1977

When it comes to the law about reserves, you need to know about something called Crown entities. Every board is considered a Crown entity for certain purposes, which are outlined in the Public Finance Act 1989. This means they are listed in Schedule 4 of that Act.

You are also part of a public entity, which is defined in section 4 of the Public Audit Act 2001. This means the Auditor-General is in charge of checking the board's finances to make sure they are correct.

The board must follow the rules set out in these Acts, and the Auditor-General will check to make sure they are doing so.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM444953.

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Part 4Financial provisions

88ACrown entities

  1. Every board is, for the purposes of subpart 2 of Part 5 of the Public Finance Act 1989, an organisation named or described in Schedule 4 of that Act.

  2. Every board is a public entity as defined in section 4 of the Public Audit Act 2001 and, in accordance with that Act, the Auditor-General is its auditor.

Notes
  • Section 88A: inserted, on , by section 42 of the Public Finance Amendment Act 1992 (1992 No 142).
  • Section 88A(1): amended, on , by section 37(1) of the Public Finance Amendment Act 2004 (2004 No 113).
  • Section 88A(2): replaced, on , by section 53 of the Public Audit Act 2001 (2001 No 10).