Crown entity

From Wikipedia, the free encyclopedia

A Crown entity 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. Crown entities come under the following subtypes:

Statutory entities — bodies corporate established under an Act
- 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 must have regard to government policy, such as Te Papa the national museum
- Independent Crown entities which are generally independent of government policy, such as the Commerce Commission which enforces legislation promoting competition
Crown entity companies — registered companies wholly owned by the Crown including Crown Research Institutes (CRIs) and a small number of other companies
Crown entity subsidiaries — companies that are subsidiaries of Crown entities
School boards of trustees
Tertiary education institutions, including 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.