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State-owned Enterprises Of New Zealand
State-owned enterprises (SOEs) in New Zealand are registered companies listed under Schedules 1 and 2 of the ''State-Owned Enterprises Act 1986''. Most SOEs are former government departments or agencies that were corporatised. They are responsible to the Minister of State Owned Enterprises. Many other government-owned companies and statutory trading organisations are referred to informally as "state-owned enterprises" although they are not SOEs in the strictest sense. These are also listed here. Function The function of SOEs is to operate successfully as a business, as profitable as those not owned by the Crown. The section of the Act defining this is usually interpreted as meaning that SOEs are expected to ready themselves for privatisation, though this is not always the case. Two Ministers of the Crown act as the shareholding ministers in the company. In the case of SOEs these are usually the Minister of State Owned Enterprises (see article for list) and the Minister resp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mercury Energy
Mercury NZ Limited is a New Zealand electricity generation and multi-product utility retailer of electricity, gas, broadband and mobile telephone services. All the company's electricity generation is renewable. In August 2021, Mercury acquired five operating wind farms and several wind farm development options from Tilt Renewables. At the same time, the first power from the newly built wind farm at Turitea was generated – adding to the existing portfolio of nine hydro stations on the Waikato River and five geothermal plants located in the central North Island. In the year ended June 2021, Mercury had generated 3,611GWh of electricity through hydro generation and 2,594GWh through geothermal generation. In May 2022, Mercury acquired the retail business of Trustpower, including the retail customer base and Trustpower brand. The generation business of Trustpower changed its name to Manawa Energy Limited. In June 2022, Mercury launched fibre broadband as a retail product to be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PostBank
Postbank or Post bank may refer to: Postal savings systems (alphabetical by country) * Bulgarian Postbank, a Bulgarian retail bank * Chunghwa Post, a Taiwanese postal service that provides savings account services * Deutsche Postbank, a German retail bank * Japan Post Bank, a Japanese bank headquartered in Tokyo * Kenya Post Office Savings Bank, s Kenyan bank headquartered in Nairobi * La Banque postale, a French bank created in 2006 as a subsidiary of La Poste, the national postal service * Postal Savings Bank of China, a Chinese retail bank * Post Bank (Russia), a Russian bank created in 2016 as a joint venture between the VTB Group and Russian Post * Post Bank of Iran, a bank in Iran established in 2006. * Philippine Postal Savings Bank, a savings bank in the Philippines. * Postbank (South Africa), a savings financial institution in South Africa; a division of the South African Post Office * PostBank Uganda, a financial services provider owned 100% by the Government of Uganda * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spark New Zealand
Spark New Zealand Limited is a New Zealand telecommunications company providing fixed-line telephone services, a mobile phone network, internet access services, and (through its Spark Digital division) ICT services to businesses. It was known as Telecom New Zealand until it was rebranded with its current name in 2014. It has operated as a publicly traded company since 1990. Spark is the second-largest wireless carrier in New Zealand, with 2.3 million subscribers as of July 2017. Spark is one of the largest companies by value on the New Zealand Exchange (NZX). As of 2007, it was the 39th largest telecommunications company in the OECD. The company is part of New Zealand Telecommunications Forum. Telecom New Zealand was formed in 1987 from a division of the New Zealand Post Office, and privatised in 1990. In 2008, Telecom was operationally separated into three divisions under local loop unbundling initiatives by central government – Telecom Retail; Telecom Wholesale; and Ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand Post Office
The New Zealand Post Office (NZPO) was a government department of New Zealand until 1987. It was previously (from 1881 to 1959) named the New Zealand Post and Telegraph Department (NZ P&T). As a government department, the New Zealand Post Office had as its political head the Postmaster General, who was a member of Cabinet, and, when it was a separate department, the Minister of Telegraphs. The NZPO was similar to the British Post Office or ''GPO'', and so was similar to European ''PTT'' or postal, telegraph and telephone services, which were government monopolies. History 19th century Official postal services started in New Zealand after Captain William Hobson arrived in the Bay of Islands and took up his role as Lieutenant-Governor. Hobson appointed William Clayton Hayes as Clerk to the Bench of Magistrates and Postmaster and the first official post office was opened at Kororareka, now called Russell. Hayes holds the distinction of being New Zealand's first civil servant to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NZ Post
NZ Post ( mi, Tukurau Aotearoa), shortened from New Zealand Post, is a state-owned enterprise responsible for providing postal service in New Zealand. The New Zealand Post Office, a government agency, provided postal, banking, and telecommunications services in New Zealand until 1987. By the 1980s, however, economic difficulties made the government reconsider how it delivered postal services. For example, in 1987–1988, the postal division lost NZ$50 million. In 1985, the Labour Party government under Prime Minister David Lange launched a review, led by New Zealand Motor Corporation CEO Roy Mason and KPMG New Zealand Chairman Michael Morris, to find solutions to the Post Office's problems. In its final report, the team recommended transforming the New Zealand Post Office into three state-owned enterprises. The government in 1986 decided to follow the Mason-Morris review's recommendations, and passed through parliament the State-Owned Enterprises Act, which corporatised several ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meteorological Service Of New Zealand Limited
Meteorological Service of New Zealand Limited (MetService - Te Ratonga Tirorangi) is the national meteorological service of New Zealand. MetService was established as a state-owned enterprise in 1992. It employs about 300 staff, and its headquarters are in Wellington, New Zealand. Prior to becoming an SOE, New Zealand's national meteorological service has existed in a number of forms since the appointment of the country's first Director of Meteorological Stations in August 1861. As New Zealand's national meteorological service, MetService produces and issues forecasts and official weather warnings on behalf of New Zealand's Ministry of Transport and is certified by the Civil Aviation Authority of New Zealand. International media, aviation and energy business is conducted under the ''MetraWeather'' brand. MetService has been certified to the ISO 9001 standard since November 1995. History The weather forecasting service began in 1861, when a spate of shipwrecks prompted the Gov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Survey And Land Information
The Department of Survey and Land Information (DOSLI) is a former department of the New Zealand Government. It was formed in April 1987 as a restructuring of the Department of Lands and Survey. The Department of Lands and Survey was established in 1876 with a wide range of responsibilities, including survey, health and tourist resorts, immigration, Crown lands and roads. Forests and agriculture were added in 1886. Over the years, many of these responsibilities passed to other departments, and by the 1980s Lands and Survey's core responsibilities included survey, land development, mapping, lands and deeds and Crown land. In the 1987 restructuring, the Department of Survey and Land Information was set up to provide government civil and military survey mapping and land information services. Land development activities were placed with a state-owned enterprise. Conservation management roles were placed with new departments. In July 1996, the Department of Survey and Land Information ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Landcorp
Landcorp Farming Limited ("Landcorp") is a state-owned enterprise of the New Zealand government. Its brand name is Pāmu, the Te Reo Māori word 'to farm'. Its core business is pastoral farming including dairy, sheep, beef and deer, as well as a Foods business marketing milk and meat products globally under the Pāmu brand and as a supplier to other food processors. Pāmu manages 117 properties carrying over 1 million stock units on 3366,3426 hectares of property under management. History Landcorp was incorporated as a State-owned Enterprise on 1 April 1987 to assume the commercial farming and property activities of the former Department of Lands and Survey The Department of Lands and Survey was a former government department in New Zealand that managed the administration of Crown land and its survey and mapping requirements. History Establishment The department was established in 1876 with the appo .... It operates under the State Owned Enterprises Act 1986. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kordia
Kordia is a New Zealand government-owned company, offering a range of technology services and solutions to businesses. It provides a range of services, including mission-critical connectivity, cloud and cyber security services, as well as managed IT, field services, broadcast and safety of life communications. Kordia owns and operates a network in New Zealand, which is based primarily on digital microwave technology. The company also has access to a number of fibre networks running between Auckland, Wellington and Christchurch. Part of Kordia's 65-year heritage is the nationwide network of transmission towers that was built by the company in its various iterations, including: NZBC, Television New Zealand, BCL and now Kordia. In 2007, Kordia upgraded its high sites to build the digital terrestrial television (DTT) platform, which now hosts Freeview (Free-to-air digital television in New Zealand). In recent years, Kordia has made several acquisitions in the cyber security, cloud ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tranz Rail
Tranz Rail, formally Tranz Rail Holdings Limited (New Zealand Rail Limited until 1995), was the main Rail transport in New Zealand, rail operator in New Zealand from 1991 until it was purchased by Toll Holdings in 2003. History The New Zealand railway network was initially built by Provinces of New Zealand, provincial governments, starting with the Ferrymead Railway in 1863. From 1880, a central Government department, the New Zealand Railways Department, was responsible for operating most of the growing railway network. A few private lines were built, but only one, the Wellington and Manawatu Railway Company (W&MR) achieved any measure of success. The W&MR was nationalised in 1908. In 1931, due to increasing competition from road carriers, the Transport Licensing Act 1931 was passed, restricting road cartage and giving the railways department a monopoly on long-distance freight. In 1982, the same year the land transport sector was deregulated, the Railways Department was reconst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
