Part 1 General provisions
Validity of acts
1 Validity of acts
Sections 19 to 24 of the Crown Entities Act 2004 apply to Regenerate Christchurch (as if Regenerate Christchurch were a Crown entity) subject to the following modifications:
Compare: 2004 No 115 ss 19–24
Board of Regenerate Christchurch
2 Qualification of members
(1)
A natural person who is not disqualified by this clause may be a member.
(2)
Each of the following persons is disqualified from being a member:
(a)
a person who is an undischarged bankrupt:
(d)
a person in respect of whom a personal order has been made under the Protection of Personal and Property Rights Act 1988 that reflects adversely on the person’s—
(i)
competence to manage his or her own affairs in relation to his or her property; or
(ii)
capacity to make or to communicate decisions relating to any particular aspect or aspects of his or her personal care and welfare:
(e)
a person who has been convicted of an offence punishable by imprisonment for a term of 2 years or more, or who has been sentenced to imprisonment for any other offence, unless that person has obtained a pardon, served the sentence, or otherwise suffered the penalty imposed on the person:
(g)
a member of Christchurch City Council.
(3)
A member ceases to hold office if he or she becomes disqualified from being a member under any of paragraphs (a) to (g) of subclause (2).
Compare: 2004 No 115 s 30
3 Quorum
The quorum for a meeting of the board is 4 members of the board.
4 Validity of members’ acts
The acts of a person as a member or as the chairperson of the board are valid even though—
(a)
a defect existed in the appointment of the person; or
(b)
the person is or was disqualified from being a member under clause 2.
Compare: 2004 No 115 s 34
5 Removal of members
(1)
An appointer may, at any time and for any reason that in the appointer’s opinion justifies the removal, remove a member appointed by the appointer from office.
(2)
However, before removing the member from office, the appointer must consult the other appointer.
(3)
If Christchurch City Council and the Minister agree, they may, at any time and for any reason that in their opinion justifies the removal, remove the chairperson from that role.
(4)
The removal of a member from office or of the chairperson from that role must be made by written notice to the member or the chairperson (with a copy to Regenerate Christchurch).
(5)
The notice must—
(a)
state the date on which the removal takes effect, which must not be earlier than the date on which the notice is received; and
(b)
state the reasons for the removal.
(6)
The appointer must notify the removal of a member from office in the Gazette as soon as practicable after giving the notice.
(7)
The Minister must notify the removal of the chairperson from that role in the Gazette as soon as practicable after giving the notice.
(8)
A member is not entitled to any compensation or other payment or benefit relating to his or her ceasing, for any reason, to hold office as a member.
Compare: 2004 No 115 s 37
6 Vacancies
(1)
If a member is removed, or resigns, or is disqualified under clause 2, or if the office of a member otherwise becomes vacant, there is a vacancy on the board.
(2)
A vacancy must be filled in the same manner as the appointment giving rise to the vacancy was made.
(3)
The ability of the board to perform its functions is not affected by—
(b)
a failure by an appointer to make an appointment or a replacement appointment.
Members’ remuneration and expenses
7 Members’ remuneration and expenses
(1)
Each member of the board is entitled, in accordance with the fees framework,—
(a)
to receive, from the funds of Regenerate Christchurch, remuneration for services as a member at a rate and of a kind determined by the Minister and Christchurch City Council; and
(b)
to be reimbursed, from the funds of Regenerate Christchurch, for actual and reasonable travelling and other expenses incurred in carrying out his or her office as a member.
(2)
For the purposes of subclause (1), fees framework has the same meaning as in section 10 of the Crown Entities Act 2004.
Compare: 2004 No 115 ss 47, 48
Collective duties of board
8 Regenerate Christchurch must act consistently with purpose, objectives, functions, statement of intent, and statement of performance expectations
The board must ensure that Regenerate Christchurch acts in a manner consistent with its purpose, objectives, and functions, and its current statement of intent and current statement of performance expectations under Part 2.
Compare: 2004 No 115 s 49
9 Manner in which functions must be performed
The board must ensure that Regenerate Christchurch performs its functions—
(a)
efficiently and effectively; and
(b)
in a manner consistent with the spirit of service to the public; and
(c)
in collaboration with other public entities (within the meaning of that term in the Public Audit Act 2001) where practicable.
Compare: 2004 No 115 s 50
10 Regenerate Christchurch must operate in financially responsible manner
(1)
The board must ensure that Regenerate Christchurch operates in a financially responsible manner and, for this purpose, that it—
(a)
prudently manages its assets and liabilities; and
(b)
endeavours to ensure—
(i)
its long-term financial viability; and
(ii)
that it acts as a successful going concern.
(2)
Section 158 of the Crown Entities Act 2004 (relating to bank accounts of Crown entities) applies to Regenerate Christchurch as if Regenerate Christchurch were a Crown entity.
Compare: 2004 No 115 s 51
11 Subsidiaries and other interests
The board must ensure that Regenerate Christchurch acquires or forms a subsidiary only after it has given notice of its intention to do so to Christchurch City Council and the Minister.
Compare: 2004 No 115 s 96
Individual duties of members
12 Duty to comply with this Act
A member of the board must not contravene, or cause the contravention of, or agree to Regenerate Christchurch contravening, this Act.
Compare: 2004 No 115 s 53
13 Duty to act with honesty and integrity
A member of the board must, when acting as a member, act with honesty and integrity.
Compare: 2004 No 115 s 54
14 Duty to act in good faith and not at expense of Regenerate Christchurch’s interests
A member of the board must, when acting as a member, act in good faith and not pursue his or her own interests at the expense of Regenerate Christchurch’s interests.
Compare: 2004 No 115 s 55
15 Duty to act with reasonable care, diligence, and skill
A member of the board must, when acting as a member, exercise the care, diligence, and skill that a reasonable person would exercise in the same circumstances, taking into account (without limitation)—
(a)
the nature of Regenerate Christchurch; and
(b)
the nature of the action; and
(c)
the position of the member and the nature of the responsibilities undertaken by him or her.
Compare: 2004 No 115 s 56
16 Duty not to disclose information
(1)
A member of the board who has information in his or her capacity as a member that would not otherwise be available to him or her must not disclose that information to any person, or make use of, or act on, that information, except—
(a)
in the performance of Regenerate Christchurch’s functions; or
(b)
as required or permitted by law; or
(c)
in accordance with subclause (2); or
(d)
in complying with the requirements for members to disclose interests.
(2)
A member may disclose, make use of, or act on the information if—
(a)
the member is first authorised to do so by the board; and
(b)
the disclosure, use, or act in question will not, or will be unlikely to, prejudice Regenerate Christchurch.
Compare: 2004 No 115 s 57
Effect of non-compliance with duties
17 Accountability for collective board duties
(1)
The duties of the board and members of the board under clauses 8 to 11 (collective duties) are duties owed to the Minister and to Christchurch City Council.
(2)
If a board does not comply with any of its collective duties, all or any of the members may be removed from office (subject to any requirements in clause 5 that are applicable to the member).
(3)
However, subclause (2) does not apply to a member if—
(a)
he or she did not know and could not reasonably be expected to know that the duty was to be or was being breached; or
(b)
he or she took all reasonable steps in the circumstances to prevent the duty being breached.
(4)
The taking of reasonable steps does not require a member to apply to a court for an order under clause 19.
(5)
A member is not liable for a breach of a collective duty under this Act.
(6)
However, subclause (5) does not limit subclause (2).
(7)
This clause does not affect any other ground for removing a member from office.
(8)
Subclause (5) does not affect—
(a)
anything else for which the member may be liable under any other Act or rule of law arising from the act or omission that constitutes the breach; or
(b)
the right to apply for a court order under clause 19.
Compare: 2004 No 115 s 58
18 Accountability for individual duties
(1)
The duties of the members of the board under clauses 12 to 16 (individual duties) are duties owed to the Minister, Christchurch City Council, and Regenerate Christchurch.
(2)
If a member does not comply with his or her individual duties, that member may be removed from office (subject to any requirements in clause 5 that are applicable to the member).
(3)
Regenerate Christchurch may bring an action against a member for breach of any individual duty.
(4)
Except as provided in subclauses (2) and (3), a member is not liable for a breach of an individual duty under this Act.
(5)
This clause does not affect any other ground for removing a member from office.
(6)
Subclause (4) does not affect—
(a)
anything else for which the member may be liable under any other Act or rule of law arising from the act or omission that constitutes the breach; or
(b)
the right to apply for a court order under clause 19.
Compare: 2004 No 115 s 59
19 Court actions requiring or restraining board or members
(1)
The Minister, Christchurch City Council, or a member of the board may apply to a court for an order—
(a)
restraining the board or a member of the board from engaging in conduct that would contravene any requirement under this Act; and
(b)
granting any consequential relief.
(2)
The Minister or Christchurch City Council may apply to a court for an order—
(a)
requiring the board or a member of the board to take any action that is required to be taken under this Act:
(b)
granting any consequential relief.
(3)
The court may make an order on the application subject to the following rules:
(a)
an order may be made only if it is just and equitable to do so:
(b)
no order may be made in respect of conduct that has been completed.
(4)
The court may, at any time before the final determination of an application under this clause, make as an interim order any order that it is empowered to make as a final order.
Compare: 2004 No 115 s 60
Reliance on information and advice
20 When members may rely on certain information and advice
(1)
A member of the board, when acting as a member, may rely on reports, statements, financial data, and other information prepared or supplied, and on professional or expert advice given, by any of the following persons:
(a)
an employee of Regenerate Christchurch whom the member believes on reasonable grounds to be reliable and competent in relation to the matters concerned:
(b)
a professional adviser or an expert in relation to matters that the member believes on reasonable grounds to be within the person’s professional or expert competence:
(c)
any other member or a committee on which the member did not serve in relation to matters within the member’s or committee’s designated authority.
(2)
A member, when acting as a member, may rely on reports, statements, financial data, and other information supplied by the Crown or by Christchurch City Council.
(3)
This clause applies to a member only if the member—
(b)
makes proper inquiry if the need for inquiry is indicated by the circumstances; and
(c)
has no knowledge that the reliance is unwarranted.
Compare: 2004 No 115 s 61
Conflict of interest disclosure rules
21 When interests must be disclosed
(1)
In this clause, matter means—
(a)
the board’s performance of its functions or exercise of its powers; or
(b)
an agreement made or entered into, or proposed to be entered into, by Regenerate Christchurch.
(2)
A person is interested in a matter if he or she—
(a)
may derive a financial benefit from the matter; or
(b)
is the spouse, civil union partner, de facto partner, child, or parent of a person who may derive a financial benefit from the matter; or
(c)
may have a financial interest in a person to whom the matter relates; or
(d)
is a partner, director, officer, board member, or trustee of a person who may have a financial interest in a person to whom the matter relates; or
(e)
is otherwise directly or indirectly interested in the matter.
(3)
However, a person is not interested in a matter—
(a)
if his or her interest is so remote or insignificant that it cannot reasonably be regarded as likely to influence him or her in carrying out his or her responsibilities under this Act or another Act; or
(b)
only because he or she has past or current involvement in the relevant sector, industry, or practice.
Compare: 2004 No 115 s 62
22 Obligation to disclose interest
(1)
A member who is interested in a matter relating to Regenerate Christchurch must disclose details of the interest in accordance with clause 23 as soon as practicable after the member becomes aware that he or she is interested.
(2)
A general notice of an interest in a matter relating to Regenerate Christchurch, or in a matter that may in future relate to Regenerate Christchurch, that is disclosed in accordance with clause 23 is a standing disclosure of that interest for the purposes of this clause.
(3)
A standing disclosure ceases to have effect if the nature of the interest materially alters or the extent of the interest materially increases.
Compare: 2004 No 115 s 63
23 Who disclosure of interests must be made to
The member must disclose details of the interest in an interests register kept by Regenerate Christchurch and to—
(b)
if the chairperson is unavailable or interested,—
(i)
Christchurch City Council, if the member was appointed by Christchurch City Council; or
(ii)
the Minister, if the member was appointed by the Minister.
Compare: 2004 No 115 s 64
24 What must be disclosed
The details that must be disclosed under clause 23 are—
(a)
the nature of the interest and the monetary value of the interest (if the monetary value can be quantified); or
(b)
the nature and extent of the interest (if the monetary value cannot be quantified).
Compare: 2004 No 115 s 65
25 Consequences of being interested in matter
A member who is interested in a matter relating to Regenerate Christchurch—
(a)
must not vote or take part in any discussion or decision of the board or any committee relating to the matter, or otherwise participate in any activity of Regenerate Christchurch that relates to the matter; and
(b)
must not sign any document relating to the entry into a transaction or the initiation of the matter; and
(c)
is to be disregarded for the purpose of forming a quorum for that part of a meeting of the board or committee during which a discussion or decision relating to the matter occurs or is made.
Compare: 2004 No 115 s 66
26 Consequences of failing to disclose interest
(1)
The board must notify Christchurch City Council and the Minister of a failure to comply with clause 22 or 25, and of the acts affected, as soon as practicable after becoming aware of the failure.
(2)
A failure to comply with clause 22 or 25 does not affect the validity of an act or matter.
(3)
However, subclause (2) does not limit the right of any person to apply, in accordance with law, for judicial review.
Compare: 2004 No 115 s 67
27 Permission to act despite being interested in matter
(1)
The chairperson of Regenerate Christchurch may, by prior written notice to the board, permit 1 or more members, or members with a specified class of interest, to do anything otherwise prohibited by clause 25, if the chairperson is satisfied that it is in the public interest to do so.
(2)
The permission may state conditions that the member must comply with.
(3)
Christchurch City Council and the Minister may give the permission if the chairperson is unavailable or interested.
(4)
The permission may be amended or revoked in the same way as it may be given.
(5)
The board must disclose an interest to which a permission relates in its annual report, together with a statement of who gave the permission and any conditions or amendments to, or revocation of, the permission.
Compare: 2004 No 115 s 68
28 Regenerate Christchurch may avoid certain acts done in breach of conflict of interest rules
(1)
The board may avoid a natural person act done by Regenerate Christchurch in respect of which a member was in breach of clause 25.
(2)
However, the act—
(a)
may be avoided only within 3 months of the affected act being disclosed to Christchurch City Council and the Minister under clause 26; and
(b)
cannot be avoided if Regenerate Christchurch receives fair value in respect of the act.
(3)
An act in which a member is interested can be avoided on the ground of the member’s interest only in accordance with this clause.
Compare: 2004 No 115 s 69
29 What is fair value
(1)
Regenerate Christchurch is presumed to receive fair value in respect of an act that is done by Regenerate Christchurch in the ordinary course of its business and on usual terms and conditions.
(2)
Whether Regenerate Christchurch receives fair value in respect of an act must be determined on the basis of the information known to Regenerate Christchurch and to the interested member at the time the act is done.
Compare: 2004 No 115 s 70
30 Onus of proving fair value
(1)
A person seeking to prevent an act being avoided, and who knew, or ought reasonably to have known, of the member’s interest at the time the act was done, has the onus of establishing fair value.
(2)
In any other case, the board has the onus of establishing that Regenerate Christchurch did not receive fair value.
Compare: 2004 No 115 s 71
31 Effect of avoidance on third parties
The avoidance of an act under clause 28 does not affect the title or interest of a person to or in property that that person has acquired if the property was acquired—
(a)
from a person other than Regenerate Christchurch; and
(b)
for valuable consideration; and
(c)
without knowledge of the circumstances of the act under which the person referred to in paragraph (a) acquired the property from Regenerate Christchurch.
Compare: 2004 No 115 s 72
Delegation
32 Ability to delegate
(1)
The board may delegate any of the functions or powers of the board, either generally or specifically, to any of the following persons by resolution and written notice to the person or persons:
(b)
the chief executive or any other employee or employees, or office holder or holders, of Regenerate Christchurch:
(d)
any other person or persons approved by Christchurch City Council and the Minister:
(e)
any class of persons comprised of any of the persons listed in paragraphs (a) to (d).
(2)
The board must not delegate the general power of delegation.
Compare: 2004 No 115 s 73
33 Powers of delegate
(1)
A delegate to whom any functions or powers of the board are delegated—
(a)
may, unless the delegation provides otherwise, perform the function or exercise the power in the same manner, subject to the same restrictions, and with the same effect as if the delegate were the board; and
(b)
may delegate the function or power only—
(i)
with the prior written consent of the board; and
(ii)
subject to the same restrictions, and with the same effect, as if the subdelegate were the delegate.
(2)
A delegate who purports to perform a function or exercise a power under a delegation—
(a)
is, in the absence of proof to the contrary, presumed to do so in accordance with the terms of that delegation; and
(b)
must produce evidence of his or her authority to do so, if reasonably requested to do so.
Compare: 2004 No 115 s 74
34 Effect of delegation
No delegation in accordance with this Act—
(a)
affects or prevents the performance of any function or the exercise of any power by the board; or
(b)
affects the responsibility of the board for the actions of any delegate acting under the delegation; or
(c)
is affected by any change in the membership of the board or of any committee or class of persons or by any change in an office holder, chief executive, or employee.
Compare: 2004 No 115 s 75
35 Revocations of delegations
(1)
A delegation under clause 32 may be revoked at will by—
(a)
resolution of the board and written notice to the delegate; or
(b)
any other method provided for in the delegation.
(2)
A delegation under clause 33(1)(b) may be revoked at will by written notice of the delegate to the subdelegate.
Compare: 2004 No 115 s 76
Employees
36 Employment of chief executive
(1)
Regenerate Christchurch must not agree to the terms and conditions of employment for a chief executive, or to an amendment of those terms and conditions, without consulting the State Services Commissioner and the chief executive of Christchurch City Council.
(2)
Regenerate Christchurch must have particular regard to any recommendations that the Commissioner makes to it within a reasonable time of being consulted.
(3)
A failure to comply with this clause does not invalidate the acts of a chief executive.
Compare: 2004 No 115 s 117
37 Regenerate Christchurch to be good employer
(1)
Regenerate Christchurch must—
(a)
operate a personnel policy that complies with the principle of being a good employer; and
(b)
make that policy (including the equal employment opportunities programme) available to its employees; and
(c)
ensure its compliance with that policy (including its equal employment opportunities programme) and report in its annual report on the extent of its compliance.
(2)
For the purposes of this clause, good employer and equal employment opportunities programme have the same meanings as in section 118(2) and (3) of the Crown Entities Act 2004.
Compare: 2004 No 115 s 118
Protections from liability of members, office holders, and employees
38 Definitions for protections from liability
In clauses 39 to 44,—
effect insurance includes pay, whether directly or indirectly, the costs of the insurance
employee includes a person who was an employee at any time after the commencement of this Part but who is no longer an employee
excluded act or omission means an act or omission by the member, office holder, or employee in good faith and in performance or intended performance of Regenerate Christchurch’s functions
indemnify includes relieve or excuse from liability, whether before or after the liability arises, and indemnity has a corresponding meaning
member includes a person who was a member at any time after the commencement of this Part but who is no longer a member
office holder includes a person who was an office holder at any time after the commencement of this Part but who is no longer an office holder.
Compare: 2004 No 115 s 126
39 Protections from liabilities of Regenerate Christchurch
A member of the board or an office holder or employee of Regenerate Christchurch is not liable for any liability of Regenerate Christchurch by reason only of being a member, office holder, or employee.
Compare: 2004 No 115 s 120
40 Immunity from civil liability
(1)
A member of the board is not liable, in respect of an excluded act or omission,—
(a)
to Regenerate Christchurch, unless it is also a breach of an individual duty under any of clauses 12 to 16:
(2)
An office holder or employee is not liable to any person in respect of an excluded act or omission.
(3)
Nothing in this clause affects—
(a)
the making of an order under clause 19:
(b)
the liability of any person that is not a civil liability:
(c)
the right of any person to apply, in accordance with the law, for judicial review.
Compare: 2004 No 115 s 121
41 Indemnities in relation to excluded act or omission
Regenerate Christchurch may only indemnify a member, an office holder, or an employee in respect of an excluded act or omission (including costs incurred in defending or settling any claim or proceeding relating to that excluded act or omission).
Compare: 2004 No 115 s 122
42 Insurance for liability of member, office holder, or employee
Regenerate Christchurch may effect insurance cover for a member, office holder, or employee in relation to his or her acts or omissions, except an act or omission that is—
(b)
not in the performance or intended performance of Regenerate Christchurch’s functions.
Compare: 2004 No 115 s 123
43 Breach of indemnity and insurance limits
(1)
A member, office holder, or employee who is indemnified or insured by Regenerate Christchurch in breach of this Act must repay to Regenerate Christchurch the cost of providing or effecting that indemnity or insurance cover, to the extent that the indemnity or insurance cover exceeds that which could have been provided or effected under this Act.
(2)
Regenerate Christchurch may recover the amount as a debt due in a court of competent jurisdiction.
Compare: 2004 No 115 s 125
44 Members, office holders, and employees are officials
(1)
A member, an office holder, or an employee of Regenerate Christchurch is an official for the purposes of sections 105 and 105A of the Crimes Act 1961.
(2)
For the purposes of this section, an individual working for Regenerate Christchurch as a contractor or secondee in relation to a function, duty, or power of Regenerate Christchurch is to be treated as if he or she were an employee.
Compare: 2004 No 115 s 135
Dealings with third parties
45 Method of contracting, attorneys, and address for service
The following provisions of the Crown Entities Act 2004 apply to Regenerate Christchurch as if it were a statutory entity (that is not a corporation sole):
46 Power to request information
The board must supply to the Minister or to Christchurch City Council any information relating to the operations and performance of Regenerate Christchurch that the Minister or Christchurch City Council requests.
Compare: 2004 No 115 s 133(1)
Part 2 Reporting and financial obligations
47 Interpretation for this Part
(1)
In this Part, unless the context otherwise requires,—
financial year means the 12 months ending on the close of 30 June
outputs means the goods or services that are supplied by Regenerate Christchurch
reportable class of outputs, in respect of a financial year, means a class of outputs—
(a)
that Regenerate Christchurch proposes to supply in the financial year; and
(b)
that is directly funded (in whole or in part) by—
(i)
the Crown in accordance with an appropriation for the purpose; or
(ii)
Christchurch City Council; or
(iii)
grants distributed under any Act; or
(iv)
levies, fees, or charges prescribed by or under any Act.
(2)
Unless the context otherwise requires,—
(a)
any word or expression used in this Part but not defined in this clause has the same meaning as it has in section 4 of this Act; and
(b)
any word or expression used in this Part but not defined in this clause or in section 4 of this Act has the same meaning as in the Public Finance Act 1989.
Compare: 2004 No 115 s 136
Planning: statement of intent
48 Purpose of statement of intent
The purpose of a statement of intent is to promote the public accountability of Regenerate Christchurch by—
(a)
enabling Christchurch City Council and the Minister to participate in the process of setting Regenerate Christchurch’s strategic intentions and medium-term undertakings:
(b)
setting out for the House of Representatives, Christchurch City Council, and the public those intentions and undertakings:
(c)
providing a base against which Regenerate Christchurch’s actual performance can later be assessed.
Compare: 2004 No 115 s 138
49 Obligation to prepare statement of intent
(1)
Regenerate Christchurch must prepare statements of intent that comply with clause 50 as follows:
(a)
a statement of intent that relates to the 2016/17 financial year and at least the following 3 financial years:
(b)
a statement of intent that relates to the 2019/20 financial year and at least the period beginning on 1 July 2020 and ending on the close of 30 June 2021.
(2)
Regenerate Christchurch may prepare additional statements of intent.
Compare: 2004 No 115 s 139
50 Content of statement of intent
(1)
A statement of intent must, for the period to which it relates, set out the strategic objectives that Regenerate Christchurch intends to achieve or contribute to (strategic intentions).
(2)
A statement of intent must also, for the period to which it relates,—
(a)
explain the nature and scope of Regenerate Christchurch’s functions and intended operations:
(b)
explain how Regenerate Christchurch intends to manage its functions and operations to meet its strategic intentions:
(c)
explain how Regenerate Christchurch proposes to manage its organisational health and capability:
(d)
explain how Regenerate Christchurch proposes to assess its performance:
(e)
set out and explain any other matters that are reasonably necessary to achieve an understanding of Regenerate Christchurch’s strategic intentions and capability.
(3)
A statement of intent—
(a)
must be in writing, be dated, and be signed on behalf of the board by 2 members; and
(b)
is a final statement of intent when it has been signed in accordance with paragraph (a).
Compare: 2004 No 115 s 141
51 Process for providing statement of intent to Christchurch City Council and Minister
(1)
Regenerate Christchurch must provide a statement of intent to Christchurch City Council and the Minister.
(2)
The process that must be followed in providing a statement of intent is as follows:
(a)
Regenerate Christchurch must provide a draft statement of intent to Christchurch City Council and the Minister,—
(i)
in the case of the statement of intent prepared under clause 49(1)(a), as soon as practicable after the commencement of this schedule; or
(ii)
no later than 2 months before the start of the first financial year to which the statement of intent relates; and
(b)
Christchurch City Council and the Minister must each provide to Regenerate Christchurch any comments that they may have on the draft no later than 20 working days after receiving it; and
(c)
Regenerate Christchurch must consider the comments (if any) on the draft; and
(d)
Regenerate Christchurch must provide the final statement of intent to Christchurch City Council and the Minister,—
(i)
in the case of the statement of intent prepared under clause 49(1)(a), as soon as practicable after receiving the comments (if any); or
(ii)
as soon as practicable after receiving the comments (if any), but in any event before the start of the first financial year to which the statement of intent relates.
Compare: 2004 No 115 s 146
52 Obligation to publish and present statement of intent
(1)
Regenerate Christchurch must, as soon as practicable after providing a final statement of intent to Christchurch City Council and the Minister, publish the statement of intent on its Internet site.
(2)
Despite subclause (1), if a final statement of intent relates to a period commencing on or after the next Budget day, the Minister may require Regenerate Christchurch not to publish the statement in the pre-Budget period.
(3)
The Minister must present a copy of the final statement of intent to the House of Representatives.
(4)
The statement of intent may be presented or published in a document that includes any other statement or information, but only if each statement or set of information is separately identifiable within that document.
Compare: 2004 No 115 s 149
53 Amendments to final statement of intent
(1)
Regenerate Christchurch may amend its final statement of intent.
(2)
Regenerate Christchurch must amend its final statement of intent if—
(a)
the information contained in the statement of intent is false or misleading in a material particular; or
(b)
the intentions and undertakings in the statement of intent are significantly altered or affected by—
(ii)
any other change in Regenerate Christchurch’s operating environment.
(3)
Regenerate Christchurch must make the amendment required under subclause (2) as soon as practicable after it becomes aware of the facts that give rise to the obligation to amend under this clause.
(4)
The following process applies to an amendment under subclause (1) or (2):
(a)
Regenerate Christchurch must provide a draft amendment to Christchurch City Council and the Minister; and
(b)
Christchurch City Council and the Minister must each provide to Regenerate Christchurch any comments on the draft that they may have no later than 20 working days after receiving it; and
(c)
Regenerate Christchurch must consider the comments (if any) and must provide the final amendment to Christchurch City Council and the Minister as soon as practicable.
(5)
Clauses 50(3) and 52 apply to the amended statement of intent.
Compare: 2004 No 115 s 148
Planning: statement of performance expectations
54 Purpose of statement of performance expectations
The purpose of a statement of performance expectations for Regenerate Christchurch is to—
(a)
enable Christchurch City Council and the Minister to participate in the process of setting annual performance expectations; and
(b)
enable the House of Representatives, Christchurch City Council, and the public to be informed of those expectations; and
(c)
provide a base against which actual performance can be assessed.
Compare: 2004 No 115 s 149B
55 Obligation to prepare statement of performance expectations
(1)
Before the start of each financial year, Regenerate Christchurch must prepare a statement of performance expectations for that financial year that complies with clause 57.
(2)
However, if Regenerate Christchurch does not propose to supply any reportable classes of outputs in that financial year, the statement of performance expectations—
(a)
must comply with clause 57(1)(b) and (3); but
(b)
need not comply with clause 57(1)(a) or (2).
Compare: 2004 No 115 s 149C
56 Initial statement of performance expectations
(1)
As soon as practicable after the commencement of this schedule, Regenerate Christchurch must prepare a statement of performance expectations that covers the period from the commencement of this schedule to the close of 30 June 2017.
(2)
Clauses 55(2) and 57 to 61 apply, with any necessary modifications, to the statement of performance expectations prepared under this clause.
Compare: 2004 No 115 s 149D
57 Content of statement of performance expectations
(1)
Each statement of performance expectations must, in relation to a financial year,—
(a)
identify each reportable class of outputs for the financial year; and
(b)
state whether Regenerate Christchurch proposes to supply any class of outputs in the financial year that is not a reportable class of outputs.
(2)
For each reportable class of outputs, the statement of performance expectations must—
(a)
include a concise explanation of what the class of outputs is intended to achieve; and
(b)
identify the expected revenue and proposed expenses for the class of outputs; and
(c)
include a concise explanation of how the performance of the class of outputs will be assessed.
(3)
A statement of performance expectations—
(a)
must comply with generally accepted accounting practice; and
(b)
must be in writing, be dated, and be signed on behalf of the board by 2 members; and
(c)
is a final statement of performance expectations when it has been signed in accordance with paragraph (b).
Compare: 2004 No 115 s 149E
58 Forecast financial statements
(1)
Each statement of performance expectations, in relation to a financial year, must contain forecast financial statements for the financial year, prepared in accordance with generally accepted accounting practice.
(2)
The forecast financial statements must include—
(a)
a statement of all significant assumptions underlying the forecast financial statements; and
(b)
any additional information and explanations needed to fairly reflect the forecast financial operations and financial position of Regenerate Christchurch.
Compare: 2004 No 115 s 149G
59 Process for providing statement of performance expectations to Christchurch City Council and Minister
(1)
Regenerate Christchurch must provide a statement of performance expectations to Christchurch City Council and the Minister.
(2)
The process that must be followed in providing a statement of performance expectations is as follows:
(a)
Regenerate Christchurch must provide a draft statement of performance expectations to Christchurch City Council and the Minister,—
(i)
in the case of the statement of performance expectations prepared under clause 56, as soon as practicable after the commencement of this schedule; or
(ii)
no later than 2 months before the start of the financial year to which the statement of performance expectations relates; and
(b)
Christchurch City Council and the Minister must each provide to Regenerate Christchurch any comments that they may have on the draft no later than 20 working days after receiving it; and
(c)
Regenerate Christchurch must consider the comments (if any) on the draft; and
(d)
Regenerate Christchurch must provide the final statement of performance expectations to Christchurch City Council and the Minister,—
(i)
in the case of the statement of performance expectations prepared under clause 56, as soon as practicable after receiving the comments (if any); or
(ii)
as soon as practicable after receiving the comments (if any), but in any event before the start of the financial year to which the statement of performance expectations relates.
Compare: 2004 No 115 s 149I
60 Obligation to publish and present statement of performance expectations
(1)
Regenerate Christchurch must, as soon as practicable after providing a final statement of performance expectations to Christchurch City Council and the Minister, publish the statement on its Internet site.
(2)
However, if the final statement of performance expectations relates to a period commencing on or after the next Budget day, the Minister may require Regenerate Christchurch not to publish the statement in the pre-Budget period.
(3)
The Minister must present a copy of the final statement of performance expectations to the House of Representatives.
(4)
The statement of performance expectations may be presented or published in a document that includes any other statement or information, but only if each statement or set of information is separately identifiable within that document.
Compare: 2004 No 115 s 149L
61 Amendments to statement of performance expectations
(1)
Regenerate Christchurch may amend its final statement of performance expectations.
(2)
Regenerate Christchurch must amend its final statement of performance expectations if—
(a)
the information contained in the statement of performance expectations is false or misleading in a material particular; or
(b)
the intentions and undertakings in the statement of performance expectations are significantly altered or affected by—
(ii)
any other change in Regenerate Christchurch’s operating environment.
(3)
Regenerate Christchurch must make the amendment required under subclause (2) as soon as practicable after it becomes aware of the facts that give rise to the obligation to amend under this clause.
(4)
The following process applies to an amendment under subclause (1) or (2):
(a)
Regenerate Christchurch must provide a draft amendment to Christchurch City Council and the Minister; and
(b)
Christchurch City Council and the Minister must each provide to Regenerate Christchurch any comments on the draft that they may have no later than 20 working days after receiving it; and
(c)
Regenerate Christchurch must consider the comments (if any) and must provide the final amendment to Christchurch City Council and the Minister as soon as practicable.
(5)
Clauses 57(3)(b) and (c) and 60 apply to the amended statement of performance expectations.
Compare: 2004 No 115 s 149K
Reporting: annual report
62 Obligation to prepare, present, and publish annual report
(1)
Regenerate Christchurch must,—
(a)
as soon as practicable after the end of each financial year (not including the financial year ending 30 June 2016), prepare a report on the affairs of Regenerate Christchurch (an annual report); and
(b)
within 3 months after the end of the financial year and no later than 15 working days after receiving the audit report provided under clause 68, provide the annual report to Christchurch City Council and the Minister.
(2)
The Minister must present the annual report to the House of Representatives within 5 working days after the Minister receives the annual report or, if Parliament is not in session, as soon as possible after the commencement of the next session of Parliament.
(3)
Regenerate Christchurch must publish the annual report as soon as practicable after it has been presented to the House of Representatives, but in any case not later than 10 working days after the annual report is received by the Minister.
(4)
The annual report may be presented or published in a document that includes any other report or information but only if each report or set of information is separately identifiable within that document.
Compare: 2004 No 115 s 150
63 Form and content of annual report
(1)
An annual report must contain the following information and reports in respect of the financial year to which it relates:
(a)
information on operations that complies with subclause (4); and
(b)
a statement of performance in accordance with clause 65; and
(c)
the annual financial statements for Regenerate Christchurch in accordance with clause 66; and
(d)
a statement of responsibility in accordance with clause 67; and
(e)
the audit report in accordance with clause 68; and
(f)
information on compliance with its obligation to be a good employer (including its equal employment opportunities programme); and
(g)
information required by clause 64 (which relates to payments in respect of members, committee members, and employees during that financial year); and
(h)
information required by clause 27(5) (which relates to permission to act despite being interested in a matter); and
(i)
any matters that relate to or affect Regenerate Christchurch’s operations that Regenerate Christchurch is otherwise required, or has undertaken, or wishes to report on in its annual report.
(2)
The annual report prepared in respect of the financial year ending with the close of 30 June 2017 must also include the information and reports specified in subclause (1) in respect of the period beginning on 18 April 2016 and ending with the close of 30 June 2016.
(3)
For the purpose of subclause (2), each reference to a financial year in this clause and clauses 62 to 68 must be read as a reference to the period beginning on 18 April 2016 and ending with the close of 30 June 2017.
(4)
The annual report must provide the information that is necessary to enable an informed assessment to be made of Regenerate Christchurch’s operations and performance for that financial year, including an assessment of Regenerate Christchurch’s progress in relation to its strategic intentions as set out in the most recent statement of intent.
(5)
An annual report must be in writing, be dated, and be signed on behalf of the board by 2 members.
Compare: 2004 No 115 s 151
64 Disclosure of payments in respect of members, committee members, and employees
(1)
The annual report must include,—
(a)
for each board member, the total value of the remuneration (other than compensation or other benefits referred to in paragraph (d)) paid or payable to the member in his or her capacity as a member from Regenerate Christchurch during that financial year; and
(b)
for each committee member who is not a board member or an employee, the total value of the remuneration (other than compensation or other benefits referred to in paragraph (d)) paid or payable to the member in his or her capacity as a committee member from Regenerate Christchurch during that financial year; and
(c)
the number of employees to whom, during the financial year, remuneration (other than compensation or other benefits referred to in paragraph (d)) was paid or payable in their capacity as employees, the total value of which is or exceeds $100,000 per annum, and the number of those employees in brackets of $10,000; and
(d)
the total value of any compensation or other benefits paid or payable to persons who ceased to be members, committee members, or employees during the financial year in relation to that cessation and the number of persons to whom all or part of that total was paid or payable; and
(e)
details of any indemnity provided by Regenerate Christchurch during the financial year to any member, office holder, or employee; and
(f)
details of any insurance cover effected by Regenerate Christchurch during the financial year in respect of the liability or costs of any member, office holder, or employee.
(2)
In subclause (1), member, office holder, and employee include a person who was a member or office holder or employee at any time after the commencement of this Part but who is no longer a member, office holder, or employee.
Compare: 2004 No 115 s 152
65 Form and content of statement of performance
A statement of performance must, in relation to a financial year,—
(a)
be prepared in accordance with generally accepted accounting practice; and
(b)
describe each reportable class of outputs for the financial year; and
(c)
include, for each reportable class of outputs identified in the statement of performance expectations for the financial year,—
(i)
the standards of delivery performance achieved by Regenerate Christchurch, as compared with the forecast standards included in the statement of performance expectations for the financial year; and
(ii)
the actual revenue earned and output expenses incurred, as compared with the expected revenues and proposed output expenses included in the statement of performance expectations for the financial year.
Compare: 2004 No 115 s 153
66 Annual financial statements
(1)
As soon as practicable after the end of each financial year, Regenerate Christchurch must prepare financial statements in relation to that financial year.
(2)
The financial statements must—
(a)
comply with generally accepted accounting practice; and
(b)
include any other information or explanations needed to fairly reflect the financial operations and financial position; and
(c)
include the forecast financial statements prepared at the start of the financial year, for comparison with the actual financial statements.
Compare: 2004 No 115 s 154
67 Statement of responsibility
The statement of responsibility must—
(a)
contain a statement of the signatories’ responsibility for the preparation of the financial statements and statement of performance and for the judgements in them; and
(b)
contain a statement of the signatories’ responsibility for establishing and maintaining a system of internal control designed to provide reasonable assurance as to the integrity and reliability of financial reporting; and
(c)
contain a statement that, in the opinion of the signatories, the financial statements and statement of performance for the financial year fairly reflect the financial position and operations of Regenerate Christchurch; and
(d)
be dated and signed on behalf of the board by 2 members.
Compare: 2004 No 115 s 155
68 Audit report
(1)
Regenerate Christchurch must, as soon as practicable after the end of each financial year (not including the financial year ending 30 June 2016), forward to the Auditor-General—
(a)
the annual financial statements and statement of performance; and
(b)
the draft annual report; and
(c)
any other information that the Auditor-General has agreed, or is required, to audit.
(2)
The Auditor-General must—
(a)
audit the statements and information referred to in subclause (1)(a) and (c); and
(b)
provide an audit report to Regenerate Christchurch.
Compare: 2004 No 115 s 156
69 Final annual report of Regenerate Christchurch
(1)
Section 45J of the Public Finance Act 1989 (which relates to final annual reports of disestablished entities) applies to the final annual report of Regenerate Christchurch.
(2)
Despite section 45J(3) of that Act, the Minister of Finance must, by the close of 30 June 2021, approve the transfer of the responsibility for preparing and providing the final annual report under that section to another party.
Other financial provisions
70 Restrictions on acquisition of financial products, borrowing, guarantees, indemnities, and derivatives
(1)
Sections 160 to 164 of the Crown Entities Act 2004 apply to Regenerate Christchurch as if Regenerate Christchurch were a Crown entity.
(2)
For the purposes of subclause (1), an approval under section 160(1)(b) of that Act must be given jointly by the responsible Minister, the Minister of Finance, and Christchurch City Council.
Compare: 2004 No 115 ss 160–164
71 Liability for debts
Section 49 of the Public Finance Act 1989 applies to Regenerate Christchurch as if Regenerate Christchurch were a Crown entity.
Compare: 2004 No 115 s 176