State-Owned Enterprises Act 1986
E46037
The State-Owned Enterprises Act 1986 is a key New Zealand law that converted many government departments into commercially run state-owned enterprises while embedding protections for Māori interests consistent with the Treaty of Waitangi.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
New Zealand Act of Parliament
→
|
| amendedBy |
various subsequent New Zealand amendment Acts
→
|
| appliesTo |
state-owned enterprises listed in Schedule 1
→
|
| commencementDate |
1987
→
|
| containsProvision |
section 27
→
section 27A → section 27B → section 9 → |
| country |
New Zealand
→
|
| defines |
state-owned enterprise
→
|
| enactedBy |
New Zealand Parliament
→
|
| governs |
relationship between the Crown and state-owned enterprises in New Zealand
→
|
| hasLongTitle |
An Act to provide for the establishment of State enterprises and to specify their principal objective and the principles governing their operation, and to provide for other matters relating to State enterprises
→
|
| hasSchedule |
Schedule 1
→
Schedule 2 → Schedule 3 → |
| influencedCase |
New Zealand Māori Council v Attorney-General (1987) (the Lands case)
→
|
| jurisdiction |
New Zealand
→
|
| keyProvision |
section 9 requires the Crown to act consistently with the principles of the Treaty of Waitangi
→
sections 27 to 27B protect Māori claims to land under the Treaty of Waitangi → |
| language |
English
→
|
| legalStatus |
in force with amendments
→
|
| objectiveOfSOEs |
to be as profitable and efficient as comparable businesses not owned by the Crown
→
to be good employers → to exhibit a sense of social responsibility → to operate as successful businesses → |
| providesFor |
Crown ownership of all shares in state-owned enterprises unless otherwise provided
→
accountability of state-owned enterprises to shareholding Ministers → appointment of boards of directors for state-owned enterprises → duties of directors of state-owned enterprises → issue of shares in state-owned enterprises → preparation of annual reports and financial statements by state-owned enterprises → preparation of statements of corporate intent by state-owned enterprises → transfer of assets from the Crown to state-owned enterprises → |
| purpose |
to enable the Crown to operate certain businesses on a commercial basis
→
to establish state-owned enterprises and define their principal objective and functions → to provide a framework for transforming government departments into commercially run entities → |
| relatedTo |
Māori land claims
→
New Zealand public sector reforms of the 1980s → Treaty of Waitangi → privatisation of state assets in New Zealand → |
| royalAssentDate |
1986
→
|
| shortTitle |
State-Owned Enterprises Act 1986
→
|
| subjectMatter |
Crown–Māori relations
→
public sector commercialisation → state asset management → |
| treatyProtectionMechanism |
memorials on titles of certain lands transferred to state-owned enterprises
→
power of the Waitangi Tribunal to recommend resumption of memorialised land to the Crown → |
Referenced by (2)
| Subject (surface form when different) | Predicate |
|---|---|
|
Treaty of Waitangi
→
|
relatedLegislation |
|
State-Owned Enterprises Act 1986
→
|
shortTitle |