State-Owned Enterprises Act 1986

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Version as at 28 October 2021

Coat of Arms of New Zealand

State-Owned Enterprises Act 1986

Public Act
1986 No 124
Date of assent
18 December 1986
see section 1

The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.

Note 4 at the end of this version provides a list of the amendments included in it.

This Act is administered by the Treasury.


1Short Title and commencement
3Act to bind the Crown
4Principal objective to be successful business
5Directors and their role
6Responsibility of Ministers
7Non-commercial activities
8Application of Employment Relations Act 2000
9Treaty of Waitangi
10Ministers may hold shares and equity bonds in new State enterprises
10APower to add to Schedules 1 and 2 by Order in Council
11Ministers to hold all shares in new State enterprises
12State enterprise equity bonds
13Powers of shareholding Ministers in respect of new State enterprises
14Statement of corporate intent
14AShareholding Ministers may grant extension of time for delivery of statement of corporate intent: COVID-19 [Repealed]
15Annual report, financial statements, and dividend
15AExtension of time limit for 2019/20 financial year reports and audits: COVID-19 [Repealed]
16Half-yearly reports
16AInformation to be published by boards
17Information to be laid before House of Representatives
18Other information
19Auditor-General to be auditor of State enterprises and subsidiaries
20Protection from disclosure of sensitive information
21Saving of certain transactions
22Provisions relating to Ministers’ shareholding
23Transfer of Crown assets and liabilities to State enterprises
24Provisions relating to transfer of land
25Title to land
26Land certification
26ACertification of easements
27Maori land claims
27ARegistrar-General of Land to register necessary memorial
27BResumption of land on recommendation of Waitangi Tribunal
27CResumption of land to be effected under Public Works Act 1981
27DResumption of wahi tapu
28Orders in Council relating to transfer of assets and liabilities
29Interpretation relating to transfer of assets and liabilities
29AFurther provision relating to transfer of Crown assets and liabilities
30Application of Companies Acts to new State enterprises
30AChanges of name
31Review of Ombudsmen Act 1975 and Official Information Act 1982 in relation to State enterprises [Repealed]
32Amendments and transitional provisions relating to new State enterprises
33Repeals [Repealed]

An Act to promote improved performance in respect of Government trading activities and, to this end, to—


specify principles governing the operation of State enterprises; and


authorise the formation of companies to carry on certain Government activities and control the ownership thereof; and


establish requirements about the accountability of State enterprises, and the responsibility of Ministers