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Topic: Crown entities

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	Guidelines for the Financing of Crown Corporations - TB Circular 1980-46 - Part 3 of 3
		Crown corporations (excluding lending institutions) which are not determined to be self-sufficient.
		Crown corporations which are lending institutions (as identified in the Statement of Assets and Liabilities in the Public Accounts of Canada).
		Note: "Crown corporation rates", designed to reflect the Crown's cost of borrowing monies for different maturities and for both amortized and unamortized repayment conditions, are established by the Minister of Finance from time to time.
	www.tbs-sct.gc.ca /pubs_pol/opepubs/tb_71/80462-2e.asp (797 words)

	Bell Gully - New Act changes governance of many Crown entities (Site not responding. Last check: 2007-11-05)
		The changes brought about by the Act will be of particular interest to Board members of Crown entities, who will need to consider their position in terms of the new rules on such matters as appointment and removal, conflicts of interest, their duties, liabilities and protection from liability.
		This means that, for many Crown entities, what constitutes a conflict of interest under the Act will be wider than what formerly constituted a conflict of interest under their own Acts.
		Crown entities will also be obliged to disclose more non-financial performance intentions and results than are currently required.
	www.bellgully.com /resources/resource_00472.asp (908 words)

	Takeovers Panel (Site not responding. Last check: 2007-11-05)
		The Panel is a Crown entity for the purposes of section 7 of the Crown Entities Act 2004.
		Despite clause 1(2) of Schedule 5 of the Crown Entities Act 2004, 1 member must be appointed by the Governor-General, on the recommendation of the Minister, as chairperson of the Panel, and another must be appointed by the Governor-General, on the recommendation of the Minister, as deputy chairperson of the Panel.
		Section 59(3) of the Crown Entities Act 2004 (which provides that a statutory entity may bring an action against a member for breach of an individual duty) does not apply, unless it is shown that the person acted in bad faith.
	www.takeovers.govt.nz /act/takeovers_act_1.htm (1205 words)

	Conferenz - David Blakey (Site not responding. Last check: 2007-11-05)
		Attitude When a crown entity is responsible for regulation, it may take either a positive or negative attitude towards the industry or sector that it regulates.
		The head of a crown entity is therefore likely to want to increase the influence of their current body, so that they may be selected to head an even more influential body.
		This is mainly because the state sector has crown entities, which may have their own cultures but whose cultures have little impact on their departments or on other crown entities.
	www.conferenz.co.nz /2004/library/b/blakey_david.htm (4873 words)

	Developing Statements of Intent: Guidelines for the Cultural Sector - Ministry for Culture and Heritage
		One area of distinction is that between the Crown entities which are required under the Public Finance Act to produce a Statement of Intent, those Crown entities which are not required to do so, and private organisations to which - in respect of their own documentation - the Public Finance Act does not apply.
		As the Auditor-General has noted, it is incumbent on Crown entity boards to set the strategic directions of their organisations in accordance not only with the terms of their legislation, but with the interests of the Crown.
		Ideally, a recognition of the importance of the organisation and the Crown maintaining a shared sense of the organisation's contribution to mutually supported objectives drives both the content of the documentation, and the timetable agreed for its development.
	www.mch.govt.nz /publications/soi-guide/soi.html (2979 words)

	New Zealand news on Stuff.co.nz: New disclosure of interest requirements for Crown entities (Site not responding. Last check: 2007-11-05)
		Crown entities need to be updated on new, more extensive requirements for their board members to disclose interests under a recent enactment, according to public and competition law specialist Tony Dellow of Buddle Findlay.
		Crown entities should ensure that members regularly update their standing disclosures on the register of interests, Dellow said.
		Crown entities should have a policy to determine when it will be in the public interest to permit a member to act despite an interest, he said.
	www.stuff.co.nz /stuff/0,2106,3350199a12855,00.html (509 words)

	DPMC - Cabinet Office - Circulars, Ministers' Roles and Responsibilities in Relation to Crown Entities (Site not responding. Last check: 2007-11-05)
		A Minister's interactions with Crown entities must be consistent with the legislative provisions applying to the entity and the nature of the arm's length relationship.
		All Crown entities that receive funding from the Crown through a non-departmental output class must have a purchase agreement with the Vote Minister, which could be a contract or a memorandum of understanding as appropriate.
		Some Crown entities are explicitly required by their legislation to operate with reference to government policy, as communicated to them by the relevant Minister.
	www.dpmc.govt.nz /cabinet/circulars/co99/13.html (3777 words)

	Government bodies - Statistics New Zealand (Site not responding. Last check: 2007-11-05)
		Crown entities are organisations or offices listed in the Fourth Schedule of the Public Finance Act 1989.
		Crown entities are diverse in their functions, size and structure.
		The Controller and Auditor-General is an officer of the Crown appointed by the Governor-General under the Public Finance Act 1977 who with the persons acting under his or her delegation are collectively called 'the Audit Office'.
	www.stats.govt.nz /quick-facts/govt-services/govt-bodies.htm (1066 words)

	State-Owned Enterprises of New Zealand - Wikipedia, the free encyclopedia
		Their function is to operate successfully as a business, as profitable as those not owned by the Crown.
		The Crown is assisted in the running of SOEs and other Crown-owned companies by the Crown Company Monitoring Advisory Unit (CCMAU) in The Treasury.
		Well-known SOEs that bcame crown entities include broadcasting companies Television New Zealand Limited (TVNZ) and Radio New Zealand Limited (RNZ).
	en.wikipedia.org /wiki/State-Owned_Enterprises_of_New_Zealand (501 words)

	Hon Trevor Mallard - Review of the Centre
		The systems of planning, monitoring and reporting by which the work of Public Service departments and Crown entities is specified in advance, and organisations and chief executives are held responsible for its actual delivery.
		Crown entities are separate legal organisations in which the State has a controlling ownership interest.
		A broad term encompassing the constitutional, legal, institutional and conventional arrangements by which the country is governed, and especially the means by which the policies of the Government are formulated and then implemented by State sector organisations, and the means by which those organisations are governed, managed and monitored.
	www.executive.govt.nz /minister/mallard/ssc/appendix9.htm (1064 words)

	Bell Gully - New legislation set to address Hammersmith concerns (Site not responding. Last check: 2007-11-05)
		In respect of the last of these exceptions, a select few Crown entities (mainly statutory corporations whose principal role is to administer public funds) are exempt from the general prohibition.
		The rationale for this is, presumably, that it is appropriate to impose statutory restrictions on entities for whom the entry into derivative transactions is merely an incidental part of their business.
		The select few Crown entities who will not be subject to statutory restrictions on their ability to enter into derivatives are some of the most active public sector counterparties.
	www.bellgully.com /resources/resource_00224.asp (885 words)

	Ministry of Justice: Publications: Reports: 1997: Departmental Forecast Report for the year ending 30 June 1999 (Site not responding. Last check: 2007-11-05)
		Crown entities are agencies which rely primarily on the Crown for funding, yet are legally independent.
		Crown negotiating teams will be provided with effective leadership, coordination and other resourcing needed to negotiate Treaty settlements in accordance with Government direction.
		Capital is the purchasing of land by the Crown for historical Treaty of Waitangi claim purposes.
	www.justice.govt.nz /pubs/reports/1998/forecast/strat_over.html (1422 words)

	F2 Annual Financial Statements (Site not responding. Last check: 2007-11-05)
		Section 87(7) of the Education Act 1989 as amended by the Crown Entities Act 2004 requires a Board’s annual report to include the matters noted in section 87(2)(ca) (iv) and (v) in respect of each financial year that ends on or after 31 December 2004.
		Section 87(3) of the Education Act 1989 was amended by the Crown Entities Act 2004, and boards should also refer to the transitional provisions in section 198 of the Crown Entities Act 2004.
		(2) Therefore, for example, the Crown entity must comply, in respect of those financial years, with the requirements relating to annual financial statements, annual reports, and audits that were in the Public Finance Act 1989 or the entity’s Act, as the case may be, immediately before the commencement of this section.
	www.ero.govt.nz /handbks/schools/f2.htm (2104 words)

	The Office of Ethnic Affairs: Nominations database - Glossary (Site not responding. Last check: 2007-11-05)
		Crown entities are state sector organisations that are not public service departments or state owned enterprises.
		There are also a number of government appointments to Crown entities that do not have boards eg.
		Crown entities make up a significant part of the state sector.
	www.dia.govt.nz /oeawebsite.nsf/wpg_URL/What-We-Do-Nominations-database-Glossary?OpenDocument (217 words)

	[No title]
		Shareholders are being asked to approve an offer by the family of Crown chief executive Henry A. Rosenberg Jr., grandson of the firm's founder, to buy the half of Crown the Rosenbergs don't already own for $9.50 a share.
		But in recent weeks, the offer--which was recommended by Crown's independent directors--has come under concerted attack from Crown's estranged unions, another investor seeking to buy the company and an independent proxy-voting analysis firm.
		Crown, which was acquired by Rosenberg's grandfather in the 1930s, owns two Texas oil refineries and 327 service stations.
	www.webshells.com /crown/pages/votoday.htm (747 words)

	TOC1 (Site not responding. Last check: 2007-11-05)
		I do not recall any legislation that is as specifically race-based as clause 157(2), which states categorically that for a Crown entity to be a good employer, it must develop a policy recognising the aims and the aspirations of Māori.
		It is a well-known fact that indemnity is provided for directors of Crown entities—and, in fact, for employees of Crown entities in certain instances; there have been quite a number of cases.
		Therefore, the compensation payable by the Crown entity will be paid by the Crown entity, or by its insurers, and not by the individual directors.
	www.clerk.parliament.govt.nz /Content/Hansard/Advance/ADVANCE_2004_12_16.htm (13104 words)

	[No title] (Site not responding. Last check: 2007-11-05)
		This is mainly owing to lower forecast recoveries required from Crown entities or tertiary institutions and repayment of loans from tertiary institutions and the repayment of the net assets of SES after its disestablishment in 2001/02.
		Impact on the Crown’s Financial Performance and Position The Crown’s financial performance and position are recorded in the fiscal forecasts that appear in the Government’s periodic Economic and Fiscal Updates and in the Financial Statements of the Government of New Zealand (B.10 and B.11).
		The Crown’s combined cash flow statement is also affected by cash movements generated by the Ministry from the sale and purchase of assets, principally in the property works programme.
	www.minedu.govt.nz /web/downloadable/dl7151_v1/est02educ.doc (9248 words)

	Briefing for the Vote Minister: Vote: Commerce - Crown Entities and Boards
		Crown entities operate at arm's length from the relevant minister and ministry.
		Also, Crown entities are required to conform to the Government's planning processes.
		Ministers are accountable to Parliament for the Crown entities for which they are responsible.
	www.med.govt.nz /about/pim/commerce/commerce-04.html (552 words)

	DPMC - Cabinet Office - Cabinet Office Circulars (Site not responding. Last check: 2007-11-05)
		Such bodies comprise most Crown entities (including Tertiary Education Institutions and District Health Boards), trust boards, advisory bodies and committees, Royal Commissions and Commissions of Inquiry, statutory tribunals, individuals appointed as statutory bodies that are not covered by the Higher Salaries Commission and subsidiary bodies of statutory entities.
		Any exceptions to this framework (excluding exceptions for subsidiary bodies of statutory entities that require consultation with the Responsible Minister and the Minister of State Services) are to be discussed with APH and Cabinet prior to final decisions being made (refer to section on "Operating Outside the Parameters"):
		For subsidiary bodies of statutory entities, prior consultation with the parent entity's Responsible Minister and the Minister of State Services (with advice from the State Services Commission) is required.
	www.dpmc.govt.nz /cabinet/circulars/co01/8.html (4226 words)

	Government Enterprises - NZEFO 2004 (cont) - New Zealand Debt Management Office - The Treasury (Site not responding. Last check: 2007-11-05)
		Crown Entity is a collective term for bodies owned by the Crown that are not departments, Offices of Parliament or State-Owned Enterprises.
		Crown Entities range from Crown Research Institutes to regulatory bodies, such as the Commerce Commission and the Securities Commission.
		Crown Entities are required to table their annual financial statements in Parliament.
	www.nzdmo.govt.nz /nzefo/2004/government.asp (673 words)

	Summary of Paper 2 - Assignment of Crown Entities to Classes - Crown Entity Reforms - The Treasury (Site not responding. Last check: 2007-11-05)
		One of the key objectives of the Crown entities work is to rationalise the highly variable governance and accountability arrangements that have developed over the years.
		This requires a more rigorous framework to give greater certainty to Crown entities' relationship with the Crown, while respecting genuine differences in their functions and purposes.
		This paper is one of the three papers available in full on the Crown Entity Reform page on the SSC website: http://www.ssc.govt.nz/crown-entity-reform-papers.
	www.treasury.govt.nz /crownentity/summary2.asp (249 words)

	EW - Waikato Regional Pest Management Strategy/4 Strategy Responsibilities and Obligations/4.2 Stakeholders/4.2.3 The ...
		LINZ administers unallocated Crown land and lakeshore reserve land (including river beds) in some circumstances, and is engaged in divesting land, as appropriate, held by the Crown for Treaty of Waitangi settlements, hence the fluctuations in their landholdings.
		The above Crown agencies/entities are required to control pests on land that it administers on behalf of the Crown, as set out in any strategy rules prescribed in Part Two of the Strategy.
		Crown land occupiers (and their neighbours primarily) will benefit from an integrated management approach which is based on the ‘good neighbour’ principle and the notion that, as with private land, the responsibility for pest management lies with the occupier.
	www.ew.govt.nz /policyandplans/rpmsintro/rpms2002/operative4.2.3.htm (487 words)

	Securities Commission : Speeches (Site not responding. Last check: 2007-11-05)
		Ministers of the Crown were not inclined to see it that way and Prime Minister Clark issued her own warning when she said: “People have to decide whether they are public servants or political activists”.
		The move is indicative of the Government’s intention to ensure Crown entities are part of a “whole of government” approach.
		At the other end of the continuum is a class of Independent Crown Entities which have an explicit arms length relationship to the Minister who cannot remove board members during the term of their appointment.
	www.sec-com.govt.nz /speeches/jds300804.shtml (6179 words)

	F1 Financial Management (Site not responding. Last check: 2007-11-05)
		A Crown entity must not borrow from any person, or amend the terms of any borrowing, other than as provided in section 160.
		A Crown entity must not enter into a derivative transaction, or amend the terms of that transaction, other than as provided in section 160.
		(3) Therefore, for example, the Crown entity must comply, during the transitional period, with the rules relating to those things that were in the Public Finance Act 1989 or the entity’s Act, as the case may be, immediately before the commencement of this section.
	www.ero.govt.nz /handbks/schools/f1.htm (2608 words)

	Current Listing of Crown Reporting Entities - Full Consolidation of the Crown Accounts - An Overview of Crown Reporting ... (Site not responding. Last check: 2007-11-05)
		(Crown Financial Statements are not required for July and August under the Public Finance Act) are required to be submitted by Stream A and D entities via the DataLoad Workbook to CFISnet.
		Stream B entities are required to provide a confirmation (via CFISnet) that their monthly actual result is within 10% or $20 million (in aggregate) of the forecast track.
		Stream C entities are not required to provide monthly updates as these are modelled on the previous year end actuals provided in July/August.
	www.treasury.govt.nz /crownreporting/fullconsolidation3.asp (239 words)

	CCMAU - FAQ About Directorship
		No. Although it is the Government’s wish that Crown company boards reflect the population as a whole, the ‘best qualified’ person is appointed regardless of factors such as gender or ethnic origin.
		The Crown companies operate in diverse domestic and international markets, and face the same risks and opportunities as their private sector counterparts.
		If you are interested in becoming a Crown company director, you should ensure that your details are held by both CCMAU and any of the applicable nominating agencies.
	www.ccmau.govt.nz /faq.html (1982 words)

	The Watchdog 6 (Site not responding. Last check: 2007-11-05)
		When contracts arising from a tender process have run for six years, entities will be given the choice of participating in a tender process or negotiating a further three-year contract with the existing Audit Service Provider.
		That invitation will encourage the entity to test the market, and emphasise that, if the entity chooses to negotiate a further three year contract, the OAG will expect the entity to participate in an audit tender process after nine years with the same Audit Service Provider (extends existing policy).
		A future challenge for the CFS will be moving to full consolidation of all entities in the Crown estate – we’re currently working with Treasury in identifying potential consolidation issues.
	www.oag.govt.nz /HomePageFolders/Watchdog/Watchdog6.htm (1564 words)

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