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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 External links * Definition of local authority trading enterprise (Repealed) New Zealand business law {{NewZealand-law-stub ...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] |
New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island country by area, covering . New Zealand is about east of Australia across the Tasman Sea and south of the islands of New Caledonia, Fiji, and Tonga. The country's varied topography and sharp mountain peaks, including the Southern Alps, owe much to tectonic uplift and volcanic eruptions. New Zealand's capital city is Wellington, and its most populous city is Auckland. The islands of New Zealand were the last large habitable land to be settled by humans. Between about 1280 and 1350, Polynesians began to settle in the islands and then developed a distinctive Māori culture. In 1642, the Dutch explorer Abel Tasman became the first European to sight and record New Zealand. In 1840, representatives of the United Kingdom and Māori chiefs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Government Act 1974 (New Zealand)
The Local Government Act 1974 of New Zealand consolidated the previous law relating to local government that applied to territorial local authorities, regional and district council bodies in New Zealand. The Act made provision for the establishment of: *unitary authorities * regional councils (which were not established until the 1989 local government reforms)McKinnon, Malcolm (ed.) (1997). ''New Zealand Historical Atlas''. Auckland: David Bateman. Plate 98. * district councils * district community councils *community councils *local authority trading enterprises The Act consolidated and amended the Municipal Corporations Act 1954, the Counties Act 1956, the Local Authorities (Petroleum Tax) Act 1970, and provisions of other Acts of the Parliament of New Zealand relating to the powers and functions of regional councils, united councils, and territorial local authorities. The legislation is the legal basis for the governances of the cities, districts and regions of New Zeal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regions Of New Zealand
New Zealand is divided into sixteen regions () for local government in New Zealand, local government purposes. Eleven are administered by regional councils (the top tier of local government), and five are administered by Unitary authority#New Zealand, unitary authorities, which are territorial authorities of New Zealand, territorial authorities (the second tier of local government) that also perform the functions of regional councils. The Chatham Islands#Government, Chatham Islands Council is not a region but is similar to a unitary authority, authorised under its own legislation. Current regions History and statutory basis The regional councils are listed in Part 1 of Schedule 2 of the Local Government Act 2002 (New Zealand), Local Government Act 2002, along with reference to the ''New Zealand Gazette, Gazette'' notices that established them in 1989. The Act requires regional councils to promote sustainable developmentthe social, economic, environmental and cultural well-bei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. Diversification In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy. Regulation States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 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] |