Crown entities

From Wikipedia, the free encyclopedia

A Crown entity is a type of organisation that forms part of New Zealand's state sector established under the Crown Entities Act 2004 a unique umbrella governance and accountability statute. Crown entities come under the following subtypes:

Crown-Owned Companies (CROCs) — registered companies wholly owned by the government including Crown Research Institutes (CRIs) — registered companies formed from the former Department of Scientific and Industrial Research (DSIR)
Crown Agents — organisations that give effect to government policy such as the Accident Compensation Corporation which administers no fault workers compensation
Autonomous Crown Entities that have regard to government policy such as Te Papa the national museum
Independent Crown Entities such as the Commerce Commission that administer competition policy/antitrust
School Boards of Trustees.

Notable crown entities include the universities, colleges of education, polytechnics and wānanga.

Crown entities can be contrasted with other organisational forms: departments of state, State owned enterprises, offices of Parliament and sui generis organisations like the Reserve Bank.