Application of this subpart to Crown entity groups

Heading: inserted, on 1 July 2014, by section 67 of the Crown Entities Amendment Act 2013 (2013 No 51).

156A Application of this subpart to Crown entity groups

(1)

A Crown entity (entity A) that is a member of a Crown entity group need not comply with this subpart except as required by this section and section 156B.

(2)

Entity A must prepare a statement or report under this subpart if, at the relevant time,—

(a)

entity A has 1 or more subsidiaries; and

(b)

entity A is not a subsidiary of another Crown entity.

(3)

If entity A is required by this section to prepare a statement or report, this subpart—

(a)

must be read as if it required the statement or report to include consolidated information in respect of the Crown entity group comprising entity A and its subsidiaries, rather than information in respect of entity A only; and

(b)

otherwise applies with any necessary modifications.

(4)

In this section,—

relevant time, in relation to a statement or report, means—

(a)

the end of the period to which the statement or report relates; or

(b)

if the statement or report relates to a period that includes a future period, the time when the statement or report is provided to entity A’s responsible Minister

statement or report means any of the following:

(a)

statement of intent (see section 139):

(b)

statement of performance expectations (see section 149C):

(c)

forecast financial statements (see section 149G):

(d)

annual report (see section 150):

(e)

statement of performance (see section 153):

(f)

annual financial statements (see section 154)

subsidiary means a subsidiary within the meaning of paragraph (b) or (c) of the definition of Crown entity group in section 136(1).

Section 156A: inserted, on 1 July 2014, by section 67 of the Crown Entities Amendment Act 2013 (2013 No 51).