Pae Ora (Healthy Futures) Act 2022

Other roles - Provisions that apply to Pharmac, NZBOS, and HQSC

84: Responsibility to operate in financially responsible manner

You could also call this:

"Run your organisation in a way that is good with money"

Illustration for Pae Ora (Healthy Futures) Act 2022

You have to run your organisation in a way that is good with money. This means you must try to cover all your costs each year from the money you get. You can find more information about how this works with the Crown Entities Act 2004. There is an exception for HQSC, as the Ministry of Health helps with some costs. This rule does not change what is said in section 51 of the Crown Entities Act 2004.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS575591.

This page was last updated on 28 January 2026 — View changes

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83: Organisation defined, or

85: Public Records Act 2005 to apply, or

"Following the rules for keeping public records"

Part 3Other roles
Provisions that apply to Pharmac, NZBOS, and HQSC

84Responsibility to operate in financially responsible manner

Every organisation must operate in a financially responsible manner and for this purpose must endeavour to cover all its annual costs (including the cost of capital) from its net annual income.
Subsection (1) does not apply to HQSC in respect of costs, which are to be met by the Ministry of Health in a financially responsible manner that allows HQSC to perform its functions to a high standard.
This section does not limit section 51 of the Crown Entities Act 2004.