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State-Owned Enterprises Of New Zealand
State-owned enterprises (SOEs) in New Zealand are registered companies listed under Schedules 1 and 2 of the ''State-Owned Enterprises Act 1986''. Most SOEs are former government departments or agencies that were corporatised. They are responsible to the Minister for State Owned Enterprises. Many other government-owned companies and statutory trading organisations are referred to informally as "state-owned enterprises" although they are not SOEs in the strictest sense. These are also listed here. Function The function of SOEs is to operate successfully as a business, as profitable as those not owned by the Crown. The section of the Act defining this is usually interpreted as meaning that SOEs are expected to ready themselves for privatisation, though this is not always the case. Two Ministers of the Crown act as the shareholding ministers in the company. In the case of SOEs these are usually the Minister for State Owned Enterprises (see article for list) and the Minister r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mercury Energy
Mercury NZ Limited is a New Zealand electricity generation and multi-product utility retailer of electricity, gas, broadband and mobile telephone services. All the company's electricity generation is renewable. Mercury has a pre-paid electricity product sub-brand GLOBUG. Mercury Energy is also the largest electricity retailer in New Zealand. Mercury generates most of its energy from nine hydro stations on the Waikato River and five geothermal plants in the central north island as well as a number of wind farms. , Mercury had generated 3,611 GWh of electricity through hydro generation and 2,594 GWh through geothermal generation. Mercury also service industrial and wholesale market customers offering electricity and natural gas products. Since 2022 it has also offered internet fibre broadband services as a bundle for its residential electricity customers. Mercury has offices in Auckland, Tauranga, Hamilton, Rotorua, Palmerston North, Wellington and Oamaru. History In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PostBank
Post Office Savings Bank, or very briefly PostBank (trading name of Post Office Bank Limited), was a bank owned by the New Zealand Government as the government's postal savings system. The bank was established in 1867. It became PostBank in 1987 and was disestablished and the branches were rebranded when it was acquired by Australia and New Zealand Banking Group (ANZ) in 1989. History The Post Office Savings Bank was set up in 1867 to encourage thrift by ordinary people, and was immediately successful. One of the benefits of the Post Office Savings Bank was that customers could deposit and withdraw money at any branch of the bank. Business was conducted from post offices which were located in towns and cities all over New Zealand. By the 1910s customers were asking for the ability to withdraw their funds by cheque but successive postmasters-general refused to allow this, stating that the Post Office Savings Bank was not the same as a commercial bank, having as its objective ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spark New Zealand
Spark New Zealand Limited is a New Zealand telecommunications and digital services company providing fixed-line telephone services, mobile phone services, broadband, and digital technology services (including cloud, security, digital transformation, and managed services). Its customers range from consumers to small - medium business, government agencies and large enterprise clients. It was formerly known as Telecom New Zealand until it was rebranded to Spark on 8 August 2014. It has operated as a publicly traded company since 1990. Spark's mobile network reaches 98% of New Zealand, with over 2.7 million mobile connections and 687,000 broadband connections Spark is one of the largest companies by value on the New Zealand Exchange (NZX). As of 2007, it was the 39th largest telecommunications company in the OECD. The company is part of New Zealand Telecommunications Forum. Telecom New Zealand was formed in 1987 from a division of the New Zealand Post Office, and privatised i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand Post Office
The New Zealand Post Office (NZPO) was a government department of New Zealand until 1987. It was previously (from 1881 to 1959) named the New Zealand Post and Telegraph Department (NZ P&T). As a government department, the New Zealand Post Office had as its political head the Postmaster General, who was a member of Cabinet, and, when it was a separate department, the Minister of Telegraphs. The NZPO was similar to the British Post Office or ''GPO'', and so was similar to European ''PTT'' or postal, telegraph and telephone services, which were government monopolies. History 19th century Official postal services started in New Zealand after Captain William Hobson arrived in the Bay of Islands and took up his role as Lieutenant-Governor. Hobson appointed William Clayton Hayes as Clerk to the Bench of Magistrates and Postmaster and the first official post office was opened at Kororareka, now called Russell. Hayes holds the distinction of being New Zealand's first civil servant ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NZ Post
NZ Post (), shortened from New Zealand Post, is a Government-owned corporation, state-owned enterprise responsible for providing most mail, postal services in New Zealand. The New Zealand Post Office, a government agency, provided postal, banking, and telecommunications services in New Zealand until 1987. By the 1980s, however, economic difficulties made the government reconsider how it delivered postal services. For example, in 1987–1988, the postal division lost New Zealand dollar, NZ$50 million. In 1985, the New Zealand Labour Party, Labour Party Fourth Labour Government of New Zealand, government under Prime Minister David Lange launched a review, led by New Zealand Motor Corporation CEO Roy Mason and KPMG New Zealand Chairman Michael Morris, to find solutions to the Post Office's problems. In its final report, the team recommended transforming the New Zealand Post Office into three state-owned enterprises. The government in 1986 decided to follow the Mason-Morris review ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MetService
Meteorological Service of New Zealand Limited, or simply MetService (), is the national meteorological service of New Zealand. MetService was established as a state-owned enterprise in 1992. It employs about 300 staff, and its headquarters are in Wellington, New Zealand. Prior to becoming a state-owned enterprise, New Zealand's national meteorological service has existed in a number of forms since the appointment of the country's first Director of Meteorological Stations in August 1861. As New Zealand's national meteorological service, MetService produces and issues forecasts and official weather warnings on behalf of New Zealand's Ministry of Transport and is certified by the Civil Aviation Authority of New Zealand. International media, aviation and energy business is conducted under the ''MetraWeather'' brand. MetService has been certified to the ISO 9001 standard since November 1995. From 1 July 2025 MetService will become a subsidiary of NIWA, which will be part of the n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Survey And Land Information
The Department of Survey and Land Information (DOSLI) is a former department of the New Zealand Government. It was formed in April 1987 as a restructuring of the Department of Lands and Survey. The Department of Lands and Survey was established in 1876 with a wide range of responsibilities, including survey, health and tourist resorts, immigration, Crown lands and roads. Forests and agriculture were added in 1886. Over the years, many of these responsibilities passed to other departments, and by the 1980s Lands and Survey's core responsibilities included survey, land development, mapping, lands and deeds and Crown land. In the 1987 restructuring, the Department of Survey and Land Information was set up to provide government civil and military survey mapping and land information services. Land development activities were placed with a state-owned enterprise. Conservation management roles were placed with new departments. In July 1996, the Department of Survey and Land Informatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Landcorp
LandCorp was an agency of the Government of Western Australia. It was responsible for releasing land for residential and commercial development throughout Western Australia Western Australia (WA) is the westernmost state of Australia. It is bounded by the Indian Ocean to the north and west, the Southern Ocean to the south, the Northern Territory to the north-east, and South Australia to the south-east. Western Aust .... LandCorp was established on 1 September 1992, pursuant to the Western Australian Land Authority Act 1992 when the Industrial Lands Development Authority and Joondalup Development Corporation merged. In 2019 it merged with the Metropolitan Redevelopment Authority to form DevelopmentWA. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Television New Zealand
Television New Zealand (, "Te Reo Tātaki" meaning "The Leading Voice"), more commonly referred to as TVNZ, is a New Zealand state-owned media company and Crown entity. The company operates a television network, TVNZ+, streaming service, and 1News, news service that is available throughout New Zealand and parts of the Pacific region. All of its currently-operating channels are free-to-air and funded through advertising. TVNZ was established in February 1980 following the merger of the two government-owned television networks, Television One (now TVNZ 1) and South Pacific Television (now TVNZ 2), under a single administration. It was the sole television broadcaster in New Zealand until November 1989 when private channel TV3 (now Three (TV channel), Three) was launched. TVNZ operates playout services from its Auckland studio via Kordia's fibre and microwave network for TVNZ 1, TVNZ 2 and TVNZ Duke, with new media video services via the American-owned Brightcove which is streamed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kordia
Kordia is a New Zealand state-owned enterprise. It provides a range of services, including connectivity, cloud and cyber security services, as well as managed IT, field services, broadcast and safety of life communications. Kordia owns and operates a network in New Zealand, which is based primarily on digital microwave technology. The company also has access to a number of fibre networks running between Auckland, Wellington and Christchurch. Part of Kordia's 65-year heritage is the nationwide network of transmission towers that was built by the company in its various iterations, including: NZBC, Television New Zealand, BCL and now Kordia. In 2007, Kordia upgraded its high sites to build the digital terrestrial television (DTT) platform, which now hosts Freeview (Free-to-air digital television in New Zealand). In recent years, Kordia has made several acquisitions in the cyber security, cloud and managed IT space. History The New Zealand business was formed as a subsidiary of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tranz Rail
Tranz Rail, formally Tranz Rail Holdings Limited (New Zealand Rail Limited until 1995), was the main Rail transport in New Zealand, rail operator in New Zealand from 1991 until it was purchased by Toll Holdings in 2003. History The New Zealand railway network was initially built by Provinces of New Zealand, provincial governments, starting with the Ferrymead Railway in 1863. From 1880, a central Government department, the New Zealand Railways Department, was responsible for operating most of the growing railway network. A few private lines were built, but only one, the Wellington and Manawatu Railway Company (W&MR) achieved any measure of success. The W&MR was nationalised in 1908. In 1931, due to increasing competition from road carriers, the Transport Licensing Act 1931 was passed, restricting road cartage and giving the railways department a monopoly on long-distance freight. In 1982, the same year the land transport sector was deregulated, the Railways Department was reconst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
