Part 1 s 10B
Crown Entities Act 2004
Version as at
1 July 2024
Section 10A: inserted, on 18 July 2013, by section 8 of the Crown Entities Amendment Act 2013
(2013 No 51).
10B Status of examples
(1)
An example used in this Act is only illustrative of the provisions to which it
relates. It does not limit those provisions.
(2)
If an example and a provision to which it relates are inconsistent, the provision
prevails.
Section 10B: inserted, on 18 July 2013, by section 8 of the Crown Entities Amendment Act 2013
(2013 No 51).
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Act binds the Crown
This Act binds the Crown.
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Outline of main Crown entity provisions
(1)
Part 2 deals with the establishment and governance of statutory entities (sub‐
part 1), Crown entity companies (subpart 2), and Crown entity subsidiaries
(subpart 3), and covers matters such as status, powers, members, duties, dele‐
gations, and conflicts of interests, to the extent that those matters are applicable
to each of those categories of Crown entity.
(2)
Part 3 deals with the operation of Crown entities and with matters such as—
(a)
what directions the Government can give to Crown entities:
(b)
to what extent members, employees, committee members, and office
holders are immune from liability in legal proceedings or may be reim‐
bursed for costs incurred in settling claims or in proceedings:
(c)
employees and compliance with the requirements of being a good
employer and providing equal employment opportunities:
(d)
how Crown entities deal with third parties.
(3)
Part 4 deals with the accountability of Crown entities to Parliament and the
Crown, and sets out rules on planning, financial statements, reporting, acquisi‐
tion of financial products, borrowing, payment of net surpluses to the Crown,
capital charges, and taxation.
(4)
Part 5 contains miscellaneous, transitional, and savings provisions.
(5)
Schedules 1 and 2 list the Crown entities in the various categories.
(6)
Schedules 3 and 4 list the provisions that apply to school boards and tertiary
education institutions and their Crown entity subsidiaries.
(7)
Schedule 5 sets out the board procedure for statutory entities (other than cor‐
porations sole).
(8)
Subsections (1) to (7) are only a guide to the general scheme and effect of this
Act.
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