A Crown entity (from the Commonwealth term Crown ) is an organisation that forms part of New Zealand 's state sector established under the Crown Entities Act 2004 , a unique umbrella governance and accountability statute. The Crown Entities Act is based on the corporate model where the governance of the organisation is split from the management of the organisation.
3-554: Land Transport New Zealand was a Crown entity in New Zealand , tasked with promoting safe and functional transport by land, and includes responsibilities such as driver and vehicle licensing. It was created on 1 December 2004 by the Land Transport Management Amendment Act 2004, was the successor entity to the disestablished Land Transport Safety Authority and Transfund New Zealand , and
6-744: The Crown Entities Act, ministers are required to "oversee and manage" the Crown's interests in the Crown entities within their portfolio (sections 27 and 88). The board of the entity has the key role in ensuring the entity is achieving results within budget. This is done by a monitoring department on behalf of the minister unless other arrangements for monitoring are made. Monitoring departments make explicit agreements with their minister, setting out what monitoring they will undertake and how they will do it. Crown entity boards should also facilitate clear and transparent monitoring, for example, by providing
9-549: Was disestablished from 31 July 2008, merging with Transit New Zealand to become the NZ Transport Agency . Crown entity Crown entities come under the following types: Crown entities can be contrasted with other New Zealand public sector organisational forms: departments of state , state-owned enterprises , offices of Parliament and sui generis organisations like the Reserve Bank . Under
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