New Zealand Legislation: Acts

17 Information to be laid before House of Representatives

• (1) The responsible Minister for a State enterprise shall lay before the House of Representatives the rules of the State enterprise, and any change to those rules, within 12 sitting days after the date of those rules or that change or the date on which the State enterprise became such, whichever is the later.

  (2) Within 12 sitting days of receiving all the following documents in respect of a financial year of a State enterprise, the responsible Minister for the State enterprise shall lay the documents before the House of Representatives:

  • (a) the statement of corporate intent of the State enterprise for that year and the succeeding 2 years; and

  • (b) the annual report and audited financial statements of the State enterprise for the preceding financial year; and

  • (c) the auditor's report on those financial statements.

  (2A) Where any documents (being documents prepared in respect of a financial year of a State enterprise) that are required by subsection (2) to be laid before the House of Representatives have not been so laid within 5 weeks of the responsible Minister's receiving all of them, the Minister shall—

  • (a) cause those of them referred to in paragraphs (b) and (c) of that subsection to be published not later than 5 weeks after that day; and

  • (b) arrange for the publication in the Gazette of a notice indicating that they have been published.

  (3) Where a statement of corporate intent for a State enterprise has been modified pursuant to section 14(5), the responsible Minister shall lay before the House of Representatives a copy of the notice making the modification within 12 sitting days after the date on which the Minister receives the notice.

  (4) Within 12 sitting days after a half-yearly report is given to a responsible Minister pursuant to section 16, the responsible Minister shall lay a copy of the report before the House of Representatives.

  Section 17(2A): inserted, on 9 December 1994, by section 2 of the State-Owned Enterprises Amendment Act 1994 (1994 No 140).

  Section 17(3): amended, on 10 April 1992, by section 3(2) of the State-Owned Enterprises Amendment Act 1992 (1992 No 27).