2 Interpretation

In this Act, unless the context otherwise requires,—

board means—

(a)

in relation to a State enterprise that is a company, the board of directors of the State enterprise:

(b)

in relation to a State enterprise that is not a company, the persons occupying the positions in or in relation to the State enterprise that are comparable with those of the board of directors of a company

company has the same meaning as in section 2(1) of the Companies Act 1993

Crown means Her Majesty the Queen in right of New Zealand

equity bond means a State enterprise equity bond issued pursuant to section 12

financial statements, in relation to a State enterprise, means—

(a)

group financial statements within the meaning of section 7 of the Financial Reporting Act 2013 for the group comprising the State enterprise and its subsidiaries; or

(b)

if the State enterprise does not have any subsidiaries, financial statements within the meaning of section 6 of the Financial Reporting Act 2013 for the State enterprise

generally accepted accounting practice has the same meaning as in section 8 of the Financial Reporting Act 2013

Minister means a Minister of the Crown

organisation includes a company, a body corporate, a partnership, and a joint venture

responsible Minister, in relation to a State enterprise, means the Minister for the time being responsible for that State enterprise

rules means,—

(a)

in relation to a State enterprise that is a company, the constitution of the State enterprise:

(b)

in relation to a State enterprise that is not a company, the documents relating to the State enterprise that are comparable to the constitution of a company

share means—

(a)

in relation to a company that has issued shares, a share of any class (but, except in sections 14 and 22, does not include an equity bond):

(b)

in relation to an organisation (other than a company) that has a capital, an interest in or right to the whole or any part of that capital, other than an interest or right as a creditor:

(c)

in relation to a company or other organisation that does not have a capital,—

(i)

an interest in or right to any part of the assets of the company or organisation, other than an interest or right as a creditor; or

(ii)

where there are no assets, a direct or contingent obligation to contribute money to or bear losses of the company or organisation;—

and shareholder has a corresponding meaning

shareholding Ministers means the Minister of Finance and the responsible Minister

State enterprise means an organisation that is named in Schedule 1

statement of corporate intent, in relation to a State enterprise, means the current statement of corporate intent for the State enterprise prepared pursuant to section 14

subsidiary has the same meaning as in section 5 of the Companies Act 1993.

Section 2 company: replaced, on 5 December 2013, by section 14 of the Companies Amendment Act 2013 (2013 No 111).

Section 2 equity bond: inserted (with effect on 1 April 1987), on 1 July 1987, by section 2(1) of the State-Owned Enterprises Amendment Act 1987 (1987 No 117).

Section 2 financial statements: inserted, on 1 April 2014, by section 126 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).

Section 2 generally accepted accounting practice: inserted, on 1 April 2014, by section 126 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).

Section 2 rules: replaced, on 5 December 2013, by section 14 of the Companies Amendment Act 2013 (2013 No 111).

Section 2 share paragraph (a): amended, on 1 July 1994, by section 2 of the Company Law Reform (Transitional Provisions) Act 1994 (1994 No 16).

Section 2 share paragraph (a): amended (with effect on 1 April 1987), on 1 July 1987, by section 2(2) of the State-Owned Enterprises Amendment Act 1987 (1987 No 117).

Section 2 subsidiary: replaced, on 5 December 2013, by section 14 of the Companies Amendment Act 2013 (2013 No 111).