Venture Capital Fund Act 2019

Other provisions about policy statement and directions

36: Reporting relating to directions

You could also call this:

"What the Guardians do with the Minister's instructions"

Illustration for Venture Capital Fund Act 2019

You need to know what the Guardians do with directions from the Minister. The Guardians tell the Minister how they plan to follow any directions given under sections 19 to 23, 31, or 41(1)(h). They also include this information in their annual report, which covers how they followed directions given under sections 19 to 23 or section 31.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS210823.

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35: Publication of policy statement or directions, or

"Minister shares new rules with the public"


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37: Limit on directions relating to VCF, or

"The Minister has rules to follow when giving instructions about the Venture Capital Fund."

36Reporting relating to directions

  1. The Guardians must notify the Minister of how the entity proposes to have regard or give effect to any direction given under sections 19 to 23, 31, or 41(1)(h).

  2. The Guardians’ annual report must, in relation to the year to which the report relates, include a statement of how the entity is having, or has had, regard to, or is giving, or has given, effect to, any ministerial directions given under sections 19 to 23 or section 31.

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