Part 1 s 8
Crown Entities Act 2004
Version as at
1 July 2024
Example
Crown entities A, B, and C each own 20% of the issued shares of Company
Limited. The remaining issued shares of Company Limited are not owned by
Crown entities. Because Crown entities A, B, and C collectively own more than half
of the issued shares of Company Limited (see section 5(1)(a)(iii) of the Companies
Act 1993), Company Limited is a multi-parent subsidiary.
Section 7A: inserted, on 18 July 2013, by section 5 of the Crown Entities Amendment Act 2013
(2013 No 51).
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Meaning of parent Crown entity
A Crown entity (A) is a parent Crown entity or parent of another Crown
entity (B) if—
(a)
A is a statutory entity or Crown entity company or school board or
tertiary education institution; and
(b)
B is a subsidiary of A, or a multi-parent subsidiary of A and 1 or more
other Crown entities, under the definition of Crown entity subsidiaries in
the second column of section 7(1)(c).
Section 8: replaced, on 18 July 2013, by section 6 of the Crown Entities Amendment Act 2013 (2013
No 51).
Section 8(a): amended, on 1 August 2020, by section 668 of the Education and Training Act 2020
(2020 No 38).
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Power to amend Schedules 1 and 2
(1)
The Governor-General may, by Order in Council, amend Schedule 1 or Sched‐
ule 2 to—
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(a)
add to Schedule 1 the name of an entity established by or under an Act
of Parliament:
(b)
add to Schedule 2 the name of a Crown entity company:
(c)
omit the name of a Crown agent from Part 1 of Schedule 1 and add that
name to another Part of that schedule:
(d)
omit the name of an autonomous Crown entity from Part 2 of Schedule 1
and add that name to Part 3 of that schedule:
(e)
omit the name of an entity or company and substitute another name in
recognition of a change in the entity’s or company’s name:
(f)
omit the name of an entity or company in recognition of the entity’s
dissolution or the company’s removal from the register under the Com‐
panies Act 1993:
(g)
remove the exemption for an entity or company from all or any of
sections 161, 162, 163, and 164 of this Act:
(h)
exempt an entity or company from all or any of sections 161, 162, 163,
164, and 165 of this Act.