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Regulatory Standards Bill

Principles of responsible regulation and regulatory stewardship - Regulatory Standards Board - Annual report

39: Annual report

You could also call this:

"The board tells the Minister what they did each year"

The new law would say that the board must give a report to the regulatory standards Minister every year. This report would need to be given within 3 months after the end of each financial year. The report would tell the Minister about what the board did during the year, including any inquiries they carried out. It would also include a summary of the reports the board made that year.

After the Minister gets this report, they would need to show it to the House of Representatives as soon as they can.

The law would explain that a financial year means the time from 1 July to 30 June the next year. This is a 12-month period.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1028255.

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Part 2Principles of responsible regulation and regulatory stewardship
Regulatory Standards Board: Annual report

39Annual report

  1. The board must supply to the regulatory standards Minister, within 3 months after the end of each financial year, an annual report containing—

  2. information about the board’s activities during the financial year (including inquiries carried out); and
    1. a summary of the board’s reports made during the financial year.

      1. The Minister must, as soon as is reasonably practicable after receiving the report, present the report to the House of Representatives.

      2. In this section, financial year means a period of 12 months commencing on 1 July and ending with 30 June.