(1) The Governor-General may, by Order in Council made on the recommendation of the Minister, make regulations for 1 or more of the following purposes:
(dc) prescribing parameters or benchmarks for assessing whether a local authority is prudently managing its revenues, expenses, assets, liabilities, investments, and general financial dealings:
(dd) prescribing the manner in which a local authority must disclose, in 1 or more of its long-term plan, annual plan, and annual report,—
(2) Regulations made under subsection (1)(db) may specify in greater detail the information required to be included in a funding impact statement by Schedule 10.
(3) Regulations made under subsection (1)(dc) may—
(b) prescribe parameters or benchmarks in a way that differentiates between different types or classes of local authority (for example, regional councils, territorial authorities, and local authorities with a population, assets, or an average income of its population over or under a specified figure); and
(c) prescribe parameters or benchmarks in a way that includes or excludes subsidiaries, including council-controlled organisations, council-controlled trading organisations, and council organisations, of a local authority.
(4) The Minister may recommend the making of regulations under subsection (1)(dc) only if the content of the recommendation has been developed in consultation with the New Zealand Local Government Association Incorporated.
Compare: 1974 No 66 s 37ZZZI
Section 259(1)(d)(i): replaced, on 5 December 2012, by section 32(1) of the Local Government Act 2002 Amendment Act 2012 (2012 No 93).
Section 259(1)(da): inserted, on 27 November 2010, by section 39(1) of the Local Government Act 2002 Amendment Act 2010 (2010 No 124).
Section 259(1)(db): inserted, on 27 November 2010, by section 39(1) of the Local Government Act 2002 Amendment Act 2010 (2010 No 124).
Section 259(1)(dc): inserted, on 5 December 2012, by section 32(2) of the Local Government Act 2002 Amendment Act 2012 (2012 No 93).
Section 259(1)(dd): inserted, on 5 December 2012, by section 32(2) of the Local Government Act 2002 Amendment Act 2012 (2012 No 93).
Section 259(2): added, on 27 November 2010, by section 39(2) of the Local Government Act 2002 Amendment Act 2010 (2010 No 124).
Section 259(3): inserted, on 5 December 2012, by section 32(3) of the Local Government Act 2002 Amendment Act 2012 (2012 No 93).
Section 259(4): inserted, on 5 December 2012, by section 32(3) of the Local Government Act 2002 Amendment Act 2012 (2012 No 93).