Version as at 1 July 2024 Crown Entities Act 2004 Part 2 s 17 Section 12(3): amended, on 1 December 2014, by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70). Section 12(6): amended, on 1 August 2020, by section 668 of the Education and Training Act 2020 (2020 No 38). Part 2 Establishment and governance of Crown entities Subpart 1—Statutory entities Establishment of statutory entity 13 Establishment of statutory entity A statutory entity is established by or under an Act other than this Act. 14 Functions (1) The functions of a statutory entity are— (a) the functions set out in the entity’s Act; and (b) if the entity’s Act gives the responsible Minister power to add functions, any other functions that the responsible Minister may direct the entity to perform in accordance with that Act and section 112 of this Act; and (c) any functions that are incidental and related to, or consequential on, its functions set out in paragraphs (a) and (b). (2) In performing its functions, a statutory entity must act consistently with its objectives. 15 Status of statutory entity A statutory entity— 16 (a) is a body corporate; and (b) is accordingly a legal entity separate from its members, office holders, employees, and the Crown; and (c) continues in existence until it is dissolved by an Act. Core things statutory entities can do A statutory entity may do anything authorised by this Act or the entity’s Act. 17 Other things statutory entities can do (1) A statutory entity may do anything that a natural person of full age and capacity may do. (2) Subsection (1) applies except as provided in this Act or another Act or rule of law. 21