Version as at
1 July 2024
Crown Entities Act 2004
Part 4 s 173
173
Regulations under this Part
(1)
The Governor-General may, by Order in Council, make regulations for all or
any of the following purposes:
(a)
requiring Crown entities to include information in a statement of intent
or annual report that is additional to the information required by this Act:
(b)
providing for the establishment, maintenance, and operation of bank
accounts by Crown entities:
(c)
prescribing the nature and extent of the acquisition of financial products
that may be undertaken by Crown entities, the financial products that
Crown entities may acquire, the persons with whom a Crown entity may
enter into agreements that constitute financial products, and any other
matters relating to the acquisition of financial products or entering into
those agreements:
(d)
prescribing the nature and extent of borrowing that may be undertaken
by Crown entities, the persons from whom a Crown entity may borrow,
and any other matters relating to borrowing by Crown entities:
(e)
authorising the giving of any guarantees or indemnities:
(f)
[Repealed]
(g)
specifying credit-rating tests for the purpose of this Part:
(h)
prescribing capital charge rules for the purposes of section 166, includ‐
ing (without limitation) the amount of a capital charge or the method of
calculating the amount of a capital charge, the procedures for notifying
a statutory entity of the capital charge payable, the frequency of its pay‐
ment, how the assets of a statutory entity must be valued in calculating
the capital charge, and the cost-of-capital rate or formula for determining
the cost-of-capital rate for a statutory entity:
(i)
amending Schedule 1 or Schedule 2 to remove or add any exemptions
from the acquisition of financial products, borrowing, guarantees, or
derivatives rules in sections 161 to 164:
(j)
amending Schedule 1 or Schedule 2 to add any exemption from the
requirement to pay a net surplus to the Crown in section 165:
(k)
prescribing offences in respect of the contravention of any regulations
made under this Act, and prescribing penalties not exceeding $2,000 in
respect of those offences:
(l)
providing for any other matters contemplated by this Act or necessary
for its administration or necessary for giving it full effect.
(2)
The regulations in subsection (1) may be made in respect of all or any Crown
entities or categories or types of Crown entities.
(3)
Regulations under this section are secondary legislation (see Part 3 of the
Legislation Act 2019 for publication requirements).
97
Выберите целевой абзац3
Подключиться к абзацу
Connect to an entity
Disable highlights
Добавить в оглавление