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New Zealand Legislation: Bills

Bills are proposed Acts

Hon Parekura Horomia

Māori Trustee and Māori Development Amendment Bill

Government Bill

181—2

As reported from the Māori Affairs Committee

Contents

3 Principal Act amended

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4 Long Title repealed

5 Name of principal Act changed

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15 New Part 2 inserted

Part 2
Māori Business Aotearoa New Zealand

53 Interpretation

Subpart 1—Key provisions about Māori Business Aotearoa New Zealand

Establishment, functions, and powers

54 Establishment of MBANZ

55 Functions of MBANZ

56 Powers of MBANZ

57 Management fees

Names protected

58 Protection of names

59 MBANZ Fund established

60 Effect of agreement to transfer assets under section 59

Subpart 2—Governing body of MBANZ

61 Board of MBANZ

62 Powers of board

63 Duties of members of board

Related entities and subsidiaries

64 Shares or interests in related entities

65 Limits to functions and powers of subsidiary

Subpart 3—Accountability requirements for MBANZ

66 Overview of accountability responsibilities of MBANZ

Key accountability documents

67 Strategic plan

68 Annual report and financial statements

69 Financial report

70 Annual report presented to House of Representatives

Responsible Ministers’ right to request information

71 Responsible Ministers may request information

Information to be publicly available

72 Public information on MBANZ performance

73 Requirement for review of performance of MBANZ

74 Substance of review

16 New Schedule substituted

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Schedule 1
New Schedule of Māori Trustee and Māori Development Act 1953

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Legislative history

The Parliament of New Zealand enacts as follows: