A Crown entity (from the Commonwealth term ''

Crown A crown is a traditional form of head adornment, or hat, worn by monarchs as a symbol of their power and dignity. A crown is often, by extension, a symbol of the monarch's government or items endorsed by it. The word itself is used, parti ...

'') is an organisation that forms part of

New Zealand New Zealand () is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and List of islands of New Zealand, over 600 smaller islands. It is the List of isla ...

state sector The public sector, also called the state sector, is the part of the economy composed of both public services and public enterprises. Public sectors include the public goods and governmental services such as the military, law enforcement, pu ...

established under the

Crown Entities Act 2004 The Crown Entities Act 2004 is a statute of the New Zealand Parliament that provides the framework for the establishment, governance, and operation of Crown entities, and to clarify accountability relationships between Crown entities, their bo ...

, a unique umbrella governance and accountability statute. The Crown Entities Act is based on the corporate model where the governance of the organisation is split from the management of the organisation.

Types of crown entities

Crown entities come under the following types: * Statutory entities – bodies corporate established under an Act ** Crown agents – organisations that give effect to government policy, such as the

Accident Compensation Corporation The Accident Compensation Corporation (ACC) () is the New Zealand Crown entity responsible for administering the country's No-fault insurance, no-fault accidental injury compensation scheme, commonly referred to as the ACC scheme. The scheme pro ...

, which administers no-fault workers compensation ** Autonomous Crown entities (ACE), which must have regard to government policy, such as

Te Papa The Museum of New Zealand Te Papa Tongarewa is New Zealand's national museum and is located in Wellington. Usually known as Te Papa (Māori language, Māori for 'Waka huia, the treasure box'), it opened in 1998 after the merging of the Nation ...

, the national museum ** Independent Crown entities (ICE), which are generally independent of government policy, such as the

Commerce Commission The Commerce Commission () (sometimes shortened to ComCom) is a New Zealand government agency with responsibility for enforcing legislation that relates to competition in the country's markets, fair trading and consumer credit contracts, and r ...

, which enforces legislation promoting competition * Crown entity companies – registered companies wholly owned by the Crown, including Crown Research Institutes (CRIs) and a small number of other companies * Crown entity subsidiaries – companies that are subsidiaries of Crown entities * School boards of trustees * Tertiary education institutions, including universities, colleges of education, polytechnics, and

wānanga In the education in New Zealand, education system of New Zealand, a wānanga is a state sector organisations in New Zealand, publicly-owned Tertiary education, tertiary institution or Māori people, Māori university that provides education in a ...

Crown entities can be contrasted with other New Zealand public sector organisational forms: departments of state,

state-owned enterprises 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 goo ...

, offices of Parliament and ''

sui generis ( , ) is a Latin phrase that means "of its/their own kind" or "in a class by itself", therefore "unique". It denotes an exclusion to the larger system an object is in relation to. Several disciplines use the term to refer to unique entities. ...

'' organisations like the

Reserve Bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mone ...

Crown entities, responsible ministers and monitoring departments

Under the Crown Entities Act, ministers are required to "oversee and manage" the Crown's interests in the Crown entities within their portfolio (sections 27 and 88). The board of the entity has the key role in ensuring the entity is achieving results within budget. This is done by a monitoring department on behalf of the minister unless other arrangements for monitoring are made. Monitoring departments make explicit agreements with their minister, setting out what monitoring they will undertake and how they will do it. Crown entity boards should also facilitate clear and transparent monitoring, for example, by providing the minister and monitoring department with good information on which to make judgements about performance. This table is based on one from the

State Services Commission The Public Service Commission (PSC; ), called the State Services Commission until 2020, is the central public service department of New Zealand charged with overseeing, managing, and improving the performance of the public sector organisations ...

. Abbreviations used: *ACE = autonomous Crown entity *CCMAU = Crown Company Monitoring Advisory Unit *CEC = Crown entity company *CRIs = Crown research institutes (all CECs) *ICE = independent Crown entity *TPK = Te Puni Kokiri (Ministry of Maori Development) *MoRST = Ministry of Research, Science and Technology *TEIs = tertiary education institutions *School BoTs = school boards of trustees

References

External links

* * {{DEFAULTSORT:Crown Entity Crown

Types of crown entities

Crown entities, responsible ministers and monitoring departments

See also

References

External links