Crown Entities
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Crown Entities
A Crown entity (from the Commonwealth term ''Crown'') is an organisation that forms part of New Zealand's state sector established under the Crown Entities Act 2004, a unique umbrella governance and accountability statute. The Crown Entities Act is based on the corporate model where the governance of the organisation is split from the management of the organisation. Subtypes of crown entities Crown entities come under the following subtypes: * Statutory entities — bodies corporate established under an Act ** Crown agents — organisations that give effect to government policy, such as the Accident Compensation Corporation, which administers no-fault workers compensation ** Autonomous Crown entities (ACE), which must have regard to government policy, such as Te Papa, the national museum ** Independent Crown entities (ICE), which are generally independent of government policy, such as the Commerce Commission, which enforces legislation promoting competition * Crown entity compani ...
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The Crown
The Crown is the state in all its aspects within the jurisprudence of the Commonwealth realms and their subdivisions (such as the Crown Dependencies, overseas territories, provinces, or states). Legally ill-defined, the term has different meanings depending on context. It is used to designate the monarch in either a personal capacity, as Head of the Commonwealth, or as the king or queen of their realms (whereas the monarchy of the United Kingdom and the monarchy of Canada, for example, are distinct although they are in personal union). It can also refer to the rule of law; however, in common parlance 'The Crown' refers to the functions of government and the civil service. Thus, in the United Kingdom (one of the Commonwealth realms), the government of the United Kingdom can be distinguished from the Crown and the state, in precise usage, although the distinction is not always relevant in broad or casual usage. A corporation sole, the Crown is the legal embodiment of execut ...
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Ministry For Culture And Heritage (New Zealand)
, logo = Ministry for Culture and Heritage logo.svg , formed = , preceding1 = Ministry of Cultural Affairs , jurisdiction = New Zealand Government , headquarters = Public Trust Building, Wellington , budget = , minister1_name = Carmel Sepuloni , minister1_pfo = Minister for Arts, Culture and Heritage , chief1_name = Bernadette Cavanagh , chief1_position = Chief Executive , child1_agency = NZ On Air , website = The Ministry for Culture and Heritage (MCH; ) is the department of the New Zealand Government responsible for supporting the arts, culture, built heritage, sport and recreation, and broadcasting sectors in New Zealand and advising government on such. History The Ministry of Cultural Affairs had been created in 1991; prior to this, the Department of Internal Affairs (DIA) had provided oversight and support for arts and culture functions. MCH was founded in 1999 with the merger of the former Ministry of Cultural Affairs and the history and heritage fun ...
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Takeovers Panel (New Zealand)
The Australian Takeovers Panel, a statutory authority of the Australian Government, is the primary Australian forum for resolving disputes about a takeover bid during the bid period itself. The panel is a peer review body, made up of part-time members from the Australian investment banking, legal, accounting and business communities. Its head office is located in Melbourne, Victoria. Establishment and powers The panel was established under section 171 of the Australian Securities and Investments Commission Act and is given various powers under Part 6.10 of the Corporations Act. The panel has a full-time executive base who assist its members, draft policy, and provide continuity to the panel in its decisions. The Takeovers Panel has three main powers: # to declare circumstances in relation to a takeover, or to the control of an Australian company, to be "unacceptable circumstances"; # to protect the rights of persons (especially target company shareholders) during a takeover bid ...
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Standards Council
Standards New Zealand is the national standards body for New Zealand. It is a business unit within the Ministry of Business, Innovation and Employment (MBIE) and works under the supervision of the NZ Standards Executive, an independent statutory role held by a ministry employee under the Standards and Accreditation Act 2015. Standards New Zealand had previously been a Crown entity and the operating arm of the Standards Council of New Zealand. Following the enaction of the Standard and Accreditation Act 2015 the council's role was taken on by the New Zealand Standards Approval Board and Standards New Zealand moved into MBIE on 1 March 2016. Standards New Zealand is an International Organization for Standardization (ISO) member organisation that develops internationally aligned New Zealand standards (NZS) and participates in standards-related activities that deliver benefit to the nation. Standards New Zealand and Standards Australia Standards Australia is a standards organisat ...
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Securities Commission (New Zealand)
The Securities Commission was an independent Crown entity of the government of New Zealand and the main regulator of investments. It was replaced on 1 May 2011 by the Financial Markets Authority. It was responsible for enforcement, monitoring and market oversight of the securities markets, authorising participants and promoting public understanding of investments. This included authorising the New Zealand Stock Exchange with which it ran a co-regulatory model. On 27 April 2010 the New Zealand minister for commerce Simon Power announced that Securities Commission would be replaced by a new integrated financial regulator the Financial Markets Authority. History The commission was first established under the Securities Act 1978 which determines its powers and functions. The commissions role was modified and extended by a number of additional pieces of legislation. These include the Securities Markets Act 1988, the Investment Advisers (Disclosure) Act 1996, the Securities Regu ...
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Commerce Act 1986
The Commerce Act 1986 is a statute of New Zealand. It prohibits conduct that restricts competition and purchase of shares or assets where that would lessen competition in a market. As well as generally governing markets, the Act gives the Commerce Commission particular powers in relation to services provided by electricity lines businesses, gas pipeline businesses and airports. Background The Commerce Act 1986 represented the first complete competition law legislation in New Zealand. Previously, the government had attempted to manage markets and competition through ad hoc measures such as price controls and anti- profiteering rules. The Commerce Act was modelled on the Australian competition legislation that existed at that time, the Trade Practices Act 1974 (now the Competition and Consumer Act 2010), which itself had been inspired by the American legislation of the Sherman and Clayton Acts. See also * Commerce Commission The Commerce Commission ( mi, Te Komihana Tauh ...
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New Zealand Ministry Of Economic Development
The Ministry of Economic Development ( mi, Manatū Ōhanga) was a New Zealand public sector organisation tasked with promoting development of New Zealand's economy. Known as the Ministry of Commerce until 2000, it was renamed in 2000 under the Fifth Labour Government, then replaced with the Ministry of Business, Innovation and Employment on 1 July 2012 by the subsequent National Government. The Ministry dealt with policy in a wide range of different areas including energy, communications, the radio spectrum, industry and regional development, intellectual property, consumer issues, tourism, international trade, and the regulatory environment. At the time of its disestablishment, the Ministry supported eight ministerial portfolios: the Minister of Economic Development (Lead Minister for the Ministry of Economic Development), the Minister of Commerce, the Minister for Communications and Information Technology, the Minister of Consumer Affairs, the Minister of Energy and Resou ...
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Television New Zealand
, type = Crown entity , industry = Broadcast television , num_locations = New Zealand , location = Auckland, New Zealand , area_served = Nationally (New Zealand) and some Pacific Island nations such as the Cook Islands, Fiji, and the Solomon Islands , founded = , owner = Minister of Finance (50%) Minister of Broadcasting (50%) , key_people = Simon Power (CEO) , homepage = , divisions = , products = Television , subsid = Former TV stations , revenue = (2019) , net_income = (2019) , assets = 43.2% (2019) , predecessor = Television New Zealand ( mi, Te Reo Tātaki o Aotearoa), more commonly referred to as TVNZ, is a television network that is broadcast throughout New Zealand and parts of the Pacific region. All of its currently-operating channels are free-to-air and commercially funded. TVNZ was established in February 1980 following the merger of the two government-owned television networks, Television One (now TVNZ 1) and South Pacific Television (now TVNZ ...
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New Zealand Treasury
The New Zealand Treasury ( mi, Te Tai Ōhanga) is the central public service department of New Zealand charged with advising the Government on economic policy, assisting with improving the performance of New Zealand's economy, and managing financial resources. The Minister responsible for the Treasury is the Minister of Finance of New Zealand; however, from 1996 to 2002, there existed a more specific position of Treasurer of New Zealand. The role was created for Winston Peters by the Fourth National Government under Jim Bolger after the 1996 election, and abolished by Helen Clark’s government in 2002. Treasury has four main functions: * Provide advice to improve economic and fiscal conditions for high levels of economic growth and improved living standards. * Monitor and manage the financial affairs of the Crown. * Assess and test other Government agencies’ advice and proposals that have economic and financial implications. * Provide leadership, with other central agencie ...
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Radio New Zealand
Radio New Zealand ( mi, Te Reo Irirangi o Aotearoa), commonly known as Radio NZ or simply RNZ, is a New Zealand public-service radio broadcaster and Crown entity that was established under the Radio New Zealand Act 1995. It operates news and current-affairs network, RNZ National, and a classical-music and jazz network, RNZ Concert, with full government funding from NZ on Air. Since 2014, the organisation's focus has been to transform RNZ from a radio broadcaster to a multimedia outlet, increasing its production of digital content in audio, video, and written forms. The organisation plays a central role in New Zealand public broadcasting. The New Zealand Parliament fully funds its AM network, used in part for the broadcast of parliamentary proceedings. RNZ has a statutory role under the Civil Defence Emergency Management Act 2002 to act as a "lifeline utility" in emergency situations. It is also responsible for an international service (known as RNZ Pacific); this is broadcas ...
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Broadcasting Standards Authority
The Broadcasting Standards Authority (BSA; mi, Te Mana Whanonga Kaipāho) is a New Zealand Crown entity created by the Broadcasting Act 1989 to develop and uphold standards of broadcasting for radio, free-to-air and pay television. The main functions of the BSA are to develop and maintain codified broadcasting standards and to operate a complaints procedure. The BSA is made up of a board appointed for a fixed term by the Governor-General on the advice of the Minister of Broadcasting, Communications and Digital Media, meaning that practically the Minister of Broadcasting (and Cabinet) appoint the board. The chair is always a barrister. One member is appointed after consultation with broadcasters and one after consultation with public interest groups. Complaints regarding breaches of broadcasting standards can only be brought to the BSA after first being raised with the broadcaster. In March 2013, the Law Commission proposed moving complaints about news and current affairs out ...
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New Zealand On Air
NZ On Air (NZOA; mi, Irirangi te Motu), formally the Broadcasting Commission, is an autonomous Crown entity and commission of the New Zealand Government responsible for funding support for broadcasting and creative works. The commission operates largely separate from government policy but must follow directions from the Minister of Broadcasting. NZOA is responsible for the funding of public broadcasting content across television, radio and other media platforms. It is also a major investor in New Zealand independent producers. NZ On Air is the operating name of the Broadcasting Commission formed in the Broadcasting Act 1989 alongside the Broadcasting Standards Authority, meant to encourage individuals to pay the historical Broadcasting Fee that funded public broadcasters. In 1999 the Broadcasting Fee was abolished, and NZOA now receives funding directing from the Ministry for Culture and Heritage. Activities NZ On Air's activities can be broken up into several areas: ...
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