37Limit on directions relating to VCF
Despite anything to the contrary in the Crown Entities Act 2004, the Minister must not give a direction to the Guardians in respect of the VCF except in accordance with this Act.
Compare
- 2001 No 84 s 64(2)(b)
Venture Capital Fund Act 2019
Other provisions about policy statement and directions
37: Limit on directions relating to VCF
"The Minister has rules to follow when giving instructions about the Venture Capital Fund."
You need to know that the Minister has limits on what they can tell the Guardians about the Venture Capital Fund. The Minister can only give directions to the Guardians if it follows the rules in this Act. This means the Minister cannot give directions that go against this Act, even if the Crown Entities Act 2004 says they can.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS211067.
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