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 elect ...
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External links
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Definition of local authority trading enterprise (Repealed)
New Zealand business law
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