Statement of Intent 

System Lead: The Treasury 

The Statement of Intent (SOI) provides the Crown entity’s Board with a mechanism for publicly setting out the Crown entity’s strategic objectives over the medium-term, and how it will manage its functions and operations to achieve or contribute to these objectives. The SOI promotes the accountability of a Crown entity by:  

  • enabling the Crown to participate in the process of setting the Crown entity’s strategic intentions and medium-term undertakings; 
  • setting out for the House of Representatives those intentions and undertakings; and 
  • providing a base against which the Crown entity’s actual performance can later be assessed.  

Published Guidance:Crown Entities Act: Statement of Intent Guidance 

Contact for further advice:performance.info@treasury.govt.nz 

Requirements and expectations 

Crown Agents 

Autonomous Crown Entities 

Independent Crown Entities 

Legal requirements 

: Under S.139 of the Crown Entities Act 2004, must prepare an SOI at least once in every 3-year period. Content must follow S.141 of the Crown Entities Act 

 Note: specific entities may have further reporting requirements set in other legislation. 

Legal requirements 

: Under S.139 of the Crown Entities Act 2004, must prepare an SOI at least once in every 3-year period. Content must follow S.141 of the Crown Entities Act 

 Note: specific entities may have further reporting requirements set in other legislation. 

Legal requirements 

: Under S.139 of the Crown Entities Act 2004, must prepare an SOI at least once in every 3-year period. Content must follow S.141 of the Crown Entities Act 

 Note: specific entities may have further reporting requirements set in other legislation. 

Statement of Performance Expectations 

System Lead: The Treasury 

All Crown entities must produce a Statement of Performance Expectations (SPE) to support accountability, transparency, and good performance. The purpose of an SPE is to: 

  • enable the responsible Minister to participate in setting the annual performance expectations of the Crown entity; 
  • enable Parliament to be informed of those expectations; and 
  • provide a base against which actual performance can be assessed. 

Published Guidance:Guidance for Creating a Statement of Performance Expectations (SPE) under the Crown Entities Act (CEA)  

Contact for further advice:performance.info@treasury.govt.nz 

Requirements and expectations 

Crown Agents 

Autonomous Crown Entities 

Independent Crown Entities 

Legal requirements: 

Under S.149C of the Crown Entities Act 2004, must prepare a SPE annually. Content must follow S.149E of the Crown Entities Act 

Note: specific entities may have further reporting requirements set in other legislation. 

Legal requirements: 

Under S.149C of the Crown Entities Act 2004, must prepare a SPE annually. Content must follow S.149E of the Crown Entities Act 

Note: specific entities may have further reporting requirements set in other legislation. 

Legal requirements: 

Under S.149C of the Crown Entities Act 2004, must prepare a SPE annually. Content must follow S.149E of the Crown Entities Act 

Note: specific entities may have further reporting requirements set in other legislation. 

Annual reporting 

System lead:The Treasury 

An annual report is one of the most important ways Crown entities are accountable to Members of Parliament and the public. The annual report is a key resource for select committees conducting annual reviews of Crown entities. 

A good annual report can be a powerful way to promote better understanding and debate about: how resources and powers were used, and how to improve future performance. The reporting should provide users with an appropriate and meaningful narrative of the overall performance for the Crown entity. The annual report must include the following components: reporting on progress in relation to its strategic intentions detailed in the Statement of Intent, a Statement of Performance (reporting on reportable output classes in the SPE), the annual financial statements, and any other information necessary (including appropriations reporting if required). 

Published guidance:Preparing the Annual Report and other End-of-Year Performance Reporting: Guidance for Crown Entities 

Contact for further advice: performance.info@treasury.govt.nz 

Crown Agents 

Autonomous Crown Entities 

Independent Crown Entities 

Legal requirements: 

: Under S.150 of the Crown Entities Act 2004, must prepare, present and publish an annual report. Content must follow S.151 of the Crown Entities Act 

 

Note: specific entities may have further reporting requirements set in other legislation.  

Further reporting requirements and expectations may be set by Cabinet. Entities should refer to Treasury guidance.  

Legal requirements: 

: Under S.150 of the Crown Entities Act 2004, must prepare, present and publish an annual report. Content must follow S.151 of the Crown Entities Act 

 

Note: specific entities may have further reporting requirements set in other legislation. 

Further reporting expectations may be set by Cabinet. Entities should refer to Treasury guidance. 

Legal requirements: 

: Under S.150 of the Crown Entities Act 2004, must prepare, present and publish an annual report. Content must follow S.151 of the Crown Entities Act 

 

Note: specific entities may have further reporting requirements set in other legislation. 

Further reporting expectations may be set by Cabinet. Entities should refer to Treasury guidance.