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Council-controlled Organisation
Council-controlled organisations (CCOs) and council-controlled trading organisations in New Zealand are what were formerly known as '' local-authority trading enterprises'' (''LATEs''). Introduced under Sections 6 and 7 of the ''Local Government Act 2002'', they are essentially any company with a majority council shareholding, or a trust or similar organisation with a majority of council-controlled votes or council-appointed trustees, ''unless'' designated otherwise. More than one council may be represented in a council-controlled organisation. They are used for widely varying purposes by councils. For example, the Wellington City Council uses trusts to hold museums and its zoo, while in 1996 the Horowhenua District Council transferred its library functions to the Horowhenua Library Trust. In the past, the erstwhile for-profit LATEs were seen as the local government equivalent of state-owned enterprises (SOEs). Many of these, which included bus companies, diagnostic laboratories, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local-authority Trading Enterprise
A local authority trading enterprise (LATE) was an organisation established in New Zealand under the Local Government Act 1974. The 1989 legislation assigned regional councils planning and funding responsibilities, but not the transport supplier function. It required regional councils or other territorial authorities either to divest their transport assets to the private sector, or to establish a transport-related local authority trading enterprise. Local authority trading enterprises were replaced by council-controlled organisations under the Local Government Act 2002 The Local Government Act 2002 (sometimes known by its acronym, LGA) is an Act of New Zealand's Parliament that defines local government in New Zealand. There are 73 territorial authorities (local districts), each with an elected Mayor and elec .... External links * Definition of local authority trading enterprise (Repealed) New Zealand business law {{NewZealand-law-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Government Act 2002 (New Zealand)
The Local Government Act 2002 (sometimes known by its acronym, LGA) is an Act of New Zealand's Parliament that defines local government in New Zealand. There are 73 territorial authorities (local districts), each with an elected Mayor and elected Councillors. The districts are grouped under 12 regional authorities. History Local government in New Zealand derives its powers from statute rather than from any constitutional authority, there being no formal written constitution. Its origins can be found in the Municipal Corporations Act (1876), and it was built on the principle of ''ultra vires'' and that local government (the same as companies) can only do those things it is specifically authorised to do, and can not do anything it is not authorised to do. This requirement to have specific legislative authorisation resulted in a hodge podge of amendments to the local government legislation. For example, one of the former Local Government Act 1974's highly prescriptive provisions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |