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Accident Compensation Act 2001

Management of the Scheme - Financial management

166C: Consultation, publication, and amendment of funding policy statement

You could also call this:

“Rules for making and changing the government's money plan”

When the government wants to make a funding policy statement, they need to follow certain rules. These rules are similar to the ones used for giving directions to Crown entities.

You should know that the Minister has to talk to people or groups that they think are important before they can issue the funding policy statement. This is to make sure that different views are considered.

The government also needs to make the funding policy statement available for everyone to see. This helps keep things open and clear for the public.

If the government wants to change the funding policy statement later, they need to follow the same steps as when they first made it.

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Part 6 Management of the Scheme
Financial management

166CConsultation, publication, and amendment of funding policy statement

  1. Section 115(1) to (3A) of the Crown Entities Act 2004 applies to the making of a funding policy statement as if it were a ministerial direction.

  2. The Minister must consult such persons or organisations as the Minister considers appropriate before issuing the funding policy statement.

Notes
  • Section 166C: inserted, on , by section 5 of the Accident Compensation (Financial Responsibility and Transparency) Amendment Act 2015 (2015 No 85).
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