392 results found
  • Asset performance reporting

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    Robust performance information is vital to effective asset management. It allows an organisation to assess how well it is meeting its expectations and objectives, both at an organisational and asset level. It provides a method for comparing performance...

  • Government Statement on Regulation Information Release

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    The Treasury has released background material relating to the Government Statement on Regulation. The government issued the Government Statement on Regulation: Better Regulation, Less Regulation on 17 August 2009. Documents Release documents listed...

  • Guidance for Entities

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    Owner's Expectations  Owner’s Expectations: Expectations for Crown companies and entities monitored by the Treasurypdf2.51 MB This document outlines Ministers' expectations for the boards of the companies and entities for which the...

  • Board appointments

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    The Treasury's Governance and Appointments team provides advice to Shareholding Ministers and Responsible Ministers on candidates suitable for appointment to the boards of entities such as State-owned enterprises, the Crown financial institutions, other...

  • What we look for

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    Every board vacancy creates an opportunity to assess the needs of the board and the entity. While particular skills and expertise is a likely requirement for a specific position, candidates should also be aware of generic eligibility criteria for the...

  • Terms of appointment

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    While candidates should undertake due diligence on boards they may have an interest in, they should also be aware of the generic terms and conditions of any proposed appointment. Below are some of the areas candidates need to consider. Duration of...

  • Appointment-only entities

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    There are some boards and bodies where the Treasury manages only the board appointment function. Crown Forestry Rental Trust The Crown Forestry Rental Trust works to expedite the settlement of Māori claims against the Crown, which involves, or could...

  • Application process

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    The Treasury operates an online database where candidates can express an interest in board positions, and upload and maintain their cv. How to register To register for the first time, go to the online Treasury Board Appointments System...

  • Current Directors

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    The Treasury advises Ministers on board appointments. A list of current directors can be found below. Refer here for details on Portfolio of companies and entities.

  • Revenue Effect of Changes to Key Tax Rates, Bases and Thresholds for 2019/20

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    Budget 2020 update - 14 May 2020 Due to the impact of the COVID-19 pandemic and the resulting uncertainty in projections, the Treasury is not in a position to update the Estimates of Revenue Effects of Small Tax Rate and Tax Base Changes for Budget...

  • Estimates of Revenue Effects of Small Tax Rate and Tax Base Changes

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    Budget 2020 update - 14 May 2020 Due to the impact of the COVID-19 pandemic and the resulting uncertainty in projections, the Treasury is not in a position to update the Estimates of Revenue Effects of Small Tax Rate and Tax Base Changes for Budget...

  • Appropriations and Reportable Outputs

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    Guidance on appropriations and reportable outputs, including the performance planning information that is required on these types of expenditure each financial year. What are appropriations? Appropriations are the basis on which Parliament authorises...

  • Costing of Political Party Policies

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    The following is a set of high-level guidance on how to cost political party policy proposals. The Treasury aims to facilitate a consistent approach to costing policy proposals across the public sector. Introduction Required to Follow Agreed...

  • New Zealand Government Asset Sales as at 30 September 1999 - Completed Sales

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    New Zealand Steel The decision to sell the Crown's interest in New Zealand Steel was announced in 1986. In October 1987 the Government signed a contract with Equiticorp for a sale price of $327 million. The cash proceeds were received on 22 March 1988...

  • New Zealand Superannuation (NZS)

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    New Zealand Superannuation (also known as the pension, National Super or Super) is a benefit paid by the Government to New Zealanders once they reach the qualifying age (currently 64 or 65). The Government pre-funds a portion of its future New Zealand...

  • What We Own

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    Overview of information about government assets on the Treasury website. What assets does the Government own? The Government's assets range from commercial forests, property, plant and equipment to intangible assets. Some of the Government's largest...

  • Assets and liabilities

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    The Treasury has key responsibilities for the monitoring, oversight, and policy implementation of the Crown's assets as well as managing the Governments borrowing programme. The Treasury's Role Assets The Treasury's responsibilities in relation...

  • Social Investment Information Releases

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    The Treasury has released a report on governance and accountability in social investment. This was previously released as an OIA. Document The release documents listed here are available in Adobe PDF format only. HTML versions can be supplied on...

  • Glossary

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    Glossary of terms used on the Treasury website and in Treasury and government publications.  ACC unfunded liability The future cost of past ACC claims, less the asset reserves held to meet these claims. The ACC outstanding claims liability is...

  • Templates, Measures and Guides Library

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    Thank you to New Zealand Defence for providing the following templates. Doc. Date Title View/Download Dec 2015 Benefits Realisation Report nzdf-benefitsrealisation-plan-template.docx (377 KB) Benefits...

  • Investor Confidence Rating - Asset Management Maturity

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    Asset management is the systematic and coordinated activities and practices of an organisation to optimally and sustainably deliver its objectives through the cost-effective lifecycle management of assets[1]. Asset management maturity is the extent the...

  • Investor Confidence Rating – NZP3M Maturity

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    The P3M3® maturity assessment measures the capability and maturity of an organisation to deliver projects, programmes and portfolio(s). The P3M3® assessment was developed by the UK Office of Government Commerce in 2005. The latest version (v3.0)...

  • Investor Confidence Rating - Quality of Long Term Investment Plans

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    The requirement for long term investment plans (LTIPs) is set out in Cabinet Office circular CO(15)5. A Long Term Investment Plan is a strategic planning document with a planning horizon of at least 10 years (for investment intensive agencies). It...

  • Investor Confidence Rating - Organisational Change Management Maturity

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    Managing organisational change is challenging and often critical to the success of projects and programmes. The Treasury has included an organisational change management maturity assessment as an important aspect of investment management. ...

  • Investor Confidence Rating - Benefits Delivery Performance

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    A project or programme cannot be deemed successful without delivering its benefits. The benefits performance assessment will be based on evidence of the extent to which actual benefits met the expected benefits from those investments as set out in...

  • Investor Confidence Rating - Project Delivery Performance

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    Managing projects and programmes well and delivering them within time, scope and budget is essential to ensure value from investments and best use of resources. Project delivery performance measures the extent to which the investment met the schedule,...

  • Investor Confidence Rating - Asset Performance

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    Asset performance information allows an agency to assess how well its assets are performing to meet its expectations and objectives (levels of service). This is important because it provides an indication of the performance of the government balance...

  • Investor Confidence Rating - System Performance (compliance)

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    Investment choices and decisions need to be informed by disciplined processes across the system and agency level in order to optimise value generated from new and existing investments, increase the efficiency and effectiveness of the investment...

  • Affording Our Future

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    Affording Our Future, the Treasury's 2013 Statement on the Long-Term Fiscal Position, was published on 11 July 2013. The Public Finance Act (1989) requires the Treasury to produce a Statement on the Crown's Long-Term Fiscal Position at least every four...

  • Statutes repeal

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    Information about the Government's programme to repeal redundant laws. A Statutes Repeal Bill was introduced on 6 September 2016 and enacted on 2 June 2017. It repealed 128 spent Acts, and partially repealed a further 9 Acts. All of the listed Acts and...

  • Guidance for Public Benefit Entities Reporting Under Crown Accounting Policies and PBE Standards

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    The new accounting framework changes mean that from 1 July 2014, public sector PBEs report against a new suite of PBE standards. This new suite is made up of mainly International Public Sector Accounting Standards (IPSASs), modified where appropriate for...

  • Regulatory management strategy

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    “Building Effective Regulatory Institutions and Practices” is the government’s strategy for the development of its regulatory management system. The strategy, which was published by the government in April 2017, provides: an overview of the current...

  • Guidance for For-Profit Entities Reporting under Crown Accounting Policies and PBE Standards

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    One of the challenges arising from the new accounting framework is that of mixed group reporting.  This arises where a consolidated group contains both for-profit entities that report under NZ IFRS standards and public benefit entities (PBEs) that...

  • Impact Analysis Requirements for Regulatory Proposals

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    Cabinet's Impact Analysis Requirements support and inform the government's decisions on regulatory proposals. They are both a process and an analytical framework that encourages a systematic and evidence-informed approach to policy development. The...

  • Quality assurance of RIS

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    All Regulatory Impact Statements (RIS) must be independently quality assured against the Quality Assurance criteria set out on the Treasury website.  Cabinet’s Impact Analysis Requirements as detailed in CO (20) 2 directs that “ The Quality...

  • Investor Confidence Rating – Procurement Capability Index

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    An agency’s ability to procure service-critical goods and services, manage suppliers and providers and work with markets and sectors is an essential part of good investment and asset management. The Procurement Capability Index (PCI) is managed and run...