Venture Capital Fund Act 2019

Other provisions about policy statement and directions

38: Certain Crown Entities Act 2004 provisions about directions do not apply

You could also call this:

"Some rules about directions don't apply to the Venture Capital Fund Act 2019"

Illustration for Venture Capital Fund Act 2019

You need to know some rules about directions. These rules are in the Crown Entities Act 2004, but they do not apply here. They are sections 115 and 115A, which you can find on the https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM330364 and https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM5466960. They do not apply to certain directions under sections 19 to 23, 31, or 41(1)(h). These sections are part of the Venture Capital Fund Act 2019. You can find more information about these sections LMS214918.html, LMS210808.html, and LMS210828.html.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS226938.

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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."


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39: Financial statements of VCF, or

"The Guardians must prepare yearly financial reports for the Venture Capital Fund."