Part 4 s 158 Crown Entities Act 2004 Version as at 1 July 2024 (2) The multi-parent subsidiary need not comply with this subpart except as required under this section. (3) The Minister of Finance may, by notice in writing, require the multi-parent subsidiary to prepare 1 or more statements or reports (as defined in section 156A(4)). (4) A notice must specify— (5) (a) which statements or reports are required; and (b) the financial years or other period (which may be until further notice) for which each statement or report is required. Before issuing a notice, the Minister of Finance must— (a) consider the operations and functions of the multi-parent subsidiary; and (b) consult the responsible Minister for each parent Crown entity of the multi-parent subsidiary; and (c) be satisfied that each statement or report is necessary or desirable to enhance public accountability of the multi-parent subsidiary. Section 157A: inserted, on 1 July 2014, by section 68 of the Crown Entities Amendment Act 2013 (2013 No 51). Subpart 3—Other provisions for financial accountability Bank accounts 158 Bank accounts of Crown entities (1) A Crown entity must ensure that all money received by the Crown entity is paid, as soon as practicable after it is received, into 1 or more bank accounts that are established, maintained, and operated by the Crown entity at 1 or more of the following: (2) (a) a registered bank or registered building society that satisfies a relevant credit-rating test specified in either regulations made under this Part or a notice in the Gazette published by the Minister of Finance; or (b) a registered bank or registered building society that meets the conditions of any relevant approval given by the Minister of Finance by notice in the Gazette; or (c) a bank outside New Zealand that meets the conditions of any relevant approval given by the Minister of Finance by notice in the Gazette; or (d) a bank outside New Zealand if the conditions specified in subsection (2) are met. The conditions referred to in subsection (1)(d) are— (a) 90 the Crown entity, or the class of Crown entities to which the Crown entity belongs, must be authorised to establish, maintain, and operate 1 or more bank accounts at 1 or more banks outside New Zealand by—