Crown Reporting Requirements

Formats and related files

These guidelines have been written to provide an overview of the reporting requirements for all Crown reporting entities.


These guidelines have been written to provide an overview of the reporting requirements for all Government reporting entities. For the most recent list of Government reporting entities, please refer to the list in the Forecast Financial Statements section of the latest Economic and Fiscal Update document:

In order to meet the reporting requirements, financial information is collected via the Crown Financial Information System (CFISnet). The information collected will be used to produce the Crown Financial Statements.

Accounting Policies#

In order to ensure consistency in the preparation of the Crown Financial Statements, information must be provided that is consistent with Crown accounting policies. The Crown Financial Statements comply with NZ GAAP and Treasury Instructions (issued under section 80 of the Public Finance Act 1989) provide further guidance on central Government accounting policies and practices - refer to:

Treasury Circulars also provide guidance and information, and are used to request financial information. Treasury Circulars may cover matters that are outside the scope of Treasury Instructions, such as the budget timetable. Since Treasury Instructions are updated annually, Treasury Circulars may also cover matters that are to take effect immediately (but may later be incorporated within Treasury Instructions as part of an annual update). A list of publicly-available Treasury Circulars is provided here: Some of the Treasury Circulars listed here contain sensitive information so are not available on this website. All Treasury Circulars are accessible to agencies through their finance team which will have access to CFISnet.

We rely heavily on the correct disclosure of inter-entity transactions and balances. Inter-entity transactions and balances should be recognised in accordance with our Eliminations Framework at

Reporting Streams Framework#

To balance the aims of producing consolidated Crown accounts that are materially accurate and minimising reporting requirements on any one reporting entity as much as possible we have established a four-tiered reporting approach for entities that determine the frequency and form of reporting.

The guidance for determining which reporting stream an entity falls into is as follows:

Reporting Streams Framework
Indicator Stream A SOEs & CEs (full reporting
Stream B SOEs & CEs (reduced reporting
Stream C SOEs & CEs (minimal reporting
Stream D All core Crown incl. Reserve Bank (full reporting requirements)
Revenue >$150 million       n/a
Operating Balance >$25 million     n/a
Assets >$1 billion   $1 billion $150 million   n/a

All entities must submit annual numbers to Treasury for year end exercises. However, the ‘reporting stream' allocated to an entity determines whether it needs to provide forecasts and monthly actuals. The Treasury reporting requirements for the four streams are listed here:


Reporting Requirements for the Four Streams
Report Type Reporting Streams
Annual Forecasts/Baseline Updates Y Y N Y
Monthly Forecast Tracks Y N N Y
Monthly Actuals
(Sept to May)
Actual Annual
(30 June)

Refer to the list of SOEs and Crown entities below for your Treasury reporting stream.

Audit of Crown Reporting Requirements#

As the information supplied for the year end financial statements is subject to audit, the OAG assigns audit classes (Large, Medium or Small) to entities; this determines the timing of an entity's annual audit sign-off.

If an entity is assigned as Large or Medium, auditors must sign-off their annual CFISnet DataLoad before the OAG will sign-off the consolidated Financial Statements of the Government (FSG). Therefore Large and Medium entities must receive audit sign-off (referred to as the FSG 2 clearance) and fax it to Treasury before the due date.

If an entity is assigned as Small, the sign-off of their annual CFISnet DataLoad is not required by the OAG before the FSG is cleared. Therefore small entities arrange the timing of their audit clearance based on their own statutory reporting timetable. Small entities do not need to fax the FSG 3 clearance to Treasury.

Most departments are assigned as Large or Medium and accordingly must receive and fax their audit clearance on the due date. The only exceptions are the following departments and Offices of Parliament which are assigned as Small by the OAG and therefore do not require the FSG 3 clearance:

  • Departments
    • Crown Law Office;
    • DPMC;
    • Education Review Office;
    • Food Safety Authority;
    • Government Communications Security Bureau;
    • New Zealand Security Intelligence Service;
    • Office of the Clerk;
    • Pacific Island Affairs;
    • Parliamentary Counsel Office;
    • Serious Fraud Office;
    • Statistics New Zealand; and
    • Women’s Affairs;
  • Offices of Parliament
    • Audit;
    • Ombudsmen; and
    • Parliamentary Commissioner for the Environment.

SOEs, Crown Entities and Their Treasury Reporting Stream and OAG Audit Class

For SOEs entities please consult the following tables to identify your Treasury reporting stream and OAG audit class:

SOEs and Their Treasury Reporting Stream and OAG Audit Class
SOEs Treasury Reporting Stream OAG Audit Class
Airways Corporation of New Zealand Limited C Medium
Animal Control Products C Small
AsureQuality Limited C Medium
ECNZ C Small
Genesis Power Limited A Large
Kordia Group Limited B Large
Landcorp Farming Limited B Medium
Learning Media Limited C Small
Meridian Energy Limited A Large
Meteorological Service of New Zealand Limited C Small
Mighty River Power Limited A Large
New Zealand Post Limited A Large
New Zealand Railways Corporation A Large
Quotable Value New Zealand C Small
Solid Energy New Zealand Limited A Medium
Timberlands West Coast Limited C Small
Transpower New Zealand Limited A Large

For Crown entities and others please consult the following tables to identify your Treasury reporting stream and OAG audit class:

Crown Entities and Their Treasury Reporting Stream and OAG Audit Class
Crown Entities Treasury Reporting Stream OAG Audit Class
Accident Compensation Corporation A Large
AgResearch Limited C Medium
Agricultural and Marketing Research and Development Trust C Small
Alcohol Advisory Council of New Zealand C Small
Arts Council of New Zealand Toi Aotearoa (Creative New Zealand) C Small
Asia New Zealand Foundation C Small
Career Services C Small
Civil Aviation Authority of New Zealand C Small
Commerce Commission C Small
Crown Health Financing Agency C Small
District Health Boards A Large
Earthquake Commission A Large
Electricity Commission C Small
Energy Efficiency and Conservation Authority C Small
Environmental Risk Management Authority (ERMA) C Small
Foundation for Research, Science and Technology A Large
Health and Disability Services Commissioner C Small
Health Research Council of New Zealand C Small
Health Sponsorship Council C Small
Horticulture and Food Research Institute of New Zealand Limited C Small
Housing New Zealand Corporation A Large
Human Rights Commission C Small
Industrial Research Limited C Small
Institute of Environmental Science and Research Limited C Small
Institute of Geological and Nuclear Sciences Limited C Small
Law Commission C Small
Legal Services Agency C Medium
Manaaki Whenua Landcare Research New Zealand Limited C Small
Maritime New Zealand C Small
Mental Health Commission C Small
Museum of New Zealand Te Papa B Medium
National Institute of Water and Atmospheric Research Limited C Medium
New Zealand Antarctic Institute (Antarctica New Zealand) C Small
New Zealand Artificial Limb Board C Small
New Zealand Fast Forward Fund Limited C Small
New Zealand Film Commission C Small
New Zealand Fire Service Commission A Medium
New Zealand Forest Research Institute Limited C Small
New Zealand Lotteries Commission A Large
New Zealand Lottery Grants Board C Medium
New Zealand on Air (Broadcasting Commission) C Medium
New Zealand Qualifications Authority C Small
New Zealand Symphony Orchestra C Small
New Zealand Tourism Board C Small
New Zealand Trade and Enterprise A Medium
New Zealand Transport Agency A Large
New Zealand Venture Investment Fund C Small
Office of Film and Literature Classification C Small
Pharmaceutical Management Agency Limited C Small
Privacy Commissioner C Small
Public Trust A Medium
Radio New Zealand Limited C Small
Retirement Commissioner C Small
Schools B Large
Securities Commission C Small
Sport and Recreation New Zealand C Small
Standards New Zealand (Standards Council) C Small
Te Reo Whakapuaki Irirangi (Te Mangai Paho) C Small
Te Taura Whiri I Te Reo Maori (Maori Language Commission) C Small
Telarc Limited (Testing Laboratory Registration Council) C Small
Television New Zealand A Large
Tertiary Education Commission A Large
Tertiary Institute B Large
Transport Accident Investigation Commission C Small
Other Treasury Reporting Stream and OAG Audit Class
Other Treasury Reporting Stream OAG Audit Class
Air New Zealand A Large
NZ Superannuation Fund A Large

Approximate Timeline of Reporting Requirements#

The authoritative submission dates are provided via Treasury circulars available on CFISnet.

Monthly Transmissions from September to May (Streams A, B, C and D)

(Crown Financial Statements are not required for July and August under the Public Finance Act) are required to be submitted by Stream A and D entities via the DataLoad Workbook to CFISnet.

The deadlines for monthly reporting are generally 7 working days for Departments and 10 working days for stream A entities. Stream B and C entities are not required to submit monthly returns. Other indicative reporting timeframes are set out below:

Figure 1: Approximate Timeline of Reporting Requirements
Figure 1: Approximate Timeline of Reporting Requirements
Source: New Zealand Treasury

Reporting Process#

A, B and D streams submit their organisation's financial information to CFISnet. To gain access to this system you must apply by filling in the details in the word template found at this internet address and following the instructions also available at the same address. Once you are registered we will provide you with further information to enable you to report your organisation's financial information to the Government.

C streams are sent an Excel workbook to fill in for their end of year accounts.

Variance Reporting#

Reporting and commenting on your variances from forecast is an important accountability process. The Treasury relies on your analysis to explain the variances on the consolidated result to the Minister of Finance.

Variance explanations are expected to address the underlying reason for the variance and be of sufficient quality to be used directly in the published accounts.

Entities should refer to Treasury Circular 2007/12 for the variance report template, instructions and variance materiality levels.

Contacts for Feedback and Enquiries#

CFISnet HelpDesk [email protected]

Hugh Packer Manager, Fiscal Reporting [email protected]