What is the SOE Act?
State-owned enterprises (SOEs) in New Zealand are registered companies listed under Schedules 1 and 2 of the State-Owned Enterprises Act 1986. Most SOEs are former government departments or agencies that were corporatised. They are responsible to the Minister of State Owned Enterprises.
Is Air NZ an SOE?
Most SOEs are former government departments or agencies that were corporatised. They are responsible to the Minister of State Owned Enterprises….List of state enterprises.
| Name | Airways New Zealand |
|---|---|
| Date created | 1 April 1987 |
| Formerly | Part of the Ministry of Transport |
| Notes | Air traffic control and air navigation providers |
What are the characteristics of state owned enterprises?
Characteristics of a State –Owned Company Requires three or more directors and one or more shareholders. Register with the Registrar of Companies by drawing up Memorandum of Incorporation. It is owned by the government and operated for profit. SOC is listed as a public company.
Who is New Zealand owned by?
In 1841, New Zealand became a colony within the British Empire, and in 1907 it became a dominion; it gained full statutory independence in 1947, and the British monarch remained the head of state….New Zealand.
| New Zealand Aotearoa (Māori) | |
|---|---|
| Largest city | Auckland |
| Official languages | English Māori NZ Sign Language |
What are the disadvantages of state owned enterprises?
Disadvantages of a state-owned enterprise:
- Strict government control and restrictions around general operations and decision-making.
- SOEs have a strong corporate culture and management tone. Reasons include:
- Strong political influence.
- SOEs are required to set up a labor union.
- Focused workforce.