Legislative compliance DHBs must comply with all applicable legislation governing their financial operations. The key legislation governing DHB financial operations comprises the: (NZPHD) as amended by the Public Finance Amendment Act 2004. – DHBs should especially note the requirements of and Part 4 of the in relation to their reporting and financial obligations. DHBs must prepare Statements of Intent, annual financial statements and annual reports in accordance with , regulations made under the and generally accepted accounting practice (GAAP) (defined in section 11.5 below). DHB, or subsidiary of a DHB, is a Crown entity (specifically a Crown Agent) as defined in s7 of the CE Act 2004. Default financial powers provisions of the CE Act 2004 to all Crown Entities, unless otherwise authorised by regulation or by the entity’s responsible Minister and the Minister of Finance. DHB requirements were included in the Crown Entity (Financial Powers) Regulations 2005 promulgated in March 2005 and amended in 2006 (SR 2006/294). The OPF reflects regulations, ministerial authorisations and policy decisions concerning DHBs in relation to the . Some provisions of the (as amended by the Public Finance Amendment Act 2004) continue to affect DHBs, in particular: s4 (expenses or capital expenditure must not be incurred unless in accordance with appropriation or statutory authority) as it relates to use – of operational and capital funding from the Crown s26 (terms and conditions of capital injections) the Minister of Finance – may determine terms and conditions of capital injections to DHBs after consultation with the Minister of Health s27 (annual financial statements of government) as it relates to DHB – financial information consolidated into the Crown financial statements s49 (liability for debts of Crown entities) the Crown is not liable to – contribute towards the payment of any debts or liabilities of a DHB or a DHB subsidiary s74 (unclaimed at the end of each financial year, any money in – any bank account of a DHB that has remained unclaimed for a period of 6 years from the date it was payable to the entitled person must be deposited with the Treasury s80 (Treasury instructions) as it relates to consistency of DHB – accounting policies with Crown reporting requirements.
Legislative compliance DHBs must comply with all applicable legislation governing their financial operations. The key legislation governing DHB financial operations comprises the: (NZPHD) – as amended by the Public Finance Amendment Act 2004. DHBs should especially note the requirements of and Part 4 of the in relation to their reporting and financial obligations. DHBs must prepare Statements of Intent, annual financial statements and annual reports in accordance with , regulations made under the and generally accepted accounting practice (GAAP) (defined in section 11.5 below). DHB, or subsidiary of a DHB, is a Crown entity (specifically a Crown Agent) as defined in s7 of the CE Act 2004. Default financial powers provisions of the CE Act 2004 to all Crown Entities, unless otherwise authorised by regulation or by the entity’s responsible Minister and the Minister of Finance. DHB requirements were included in the Crown Entity (Financial Powers) Regulations 2005 promulgated in March 2005 and amended in 2006 (SR 2006/294). The OPF reflects regulations, ministerial authorisations and policy decisions concerning DHBs in relation to the . Some provisions of the (as amended by the Public Finance Amendment Act 2004) continue to affect DHBs, in particular: s4 (expenses or capital expenditure must not be incurred unless in accordance with appropriation or statutory authority) – as it relates to use of operational and capital funding from the Crown s26 (terms and conditions of capital injections) – the Minister of Finance may determine terms and conditions of capital injections to DHBs after consultation with the Minister of Health s27 (annual financial statements of government) – as it relates to DHB financial information consolidated into the Crown financial statements s49 (liability for debts of Crown entities) – the Crown is not liable to contribute towards the payment of any debts or liabilities of a DHB or a DHB subsidiary s74 (unclaimed – at the end of each financial year, any money in any bank account of a DHB that has remained unclaimed for a period of 6 years from the date it was payable to the entitled person must be deposited with the Treasury s80 (Treasury instructions) – as it relates to consistency of DHB accounting policies with Crown reporting requirements.
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