About us
Notes to the financial statements of Housing New Zealand Corporation for the year ended 30 June 2008
1. Corporate information
Housing New Zealand Corporation is a Statutory Corporation (Crown-owned entity) operating under the Housing Corporation Act 1974 (as amended). The core business of Housing New Zealand Corporation (the Corporation) and its subsidiaries is to give effect to the Crown's social objectives by providing housing, and services related to housing, in a business-like manner, and to ensure the Minister of Housing receives appropriate policy advice, other advice, and information on housing and services related to housing.
The financial statements have been prepared in accordance with the generally accepted accounting practice in New Zealand (GAAP), being NZ International Financial Reporting Standards (NZ IFRS) and the requirements of the Financial Reporting Act 1993, the Crown Entities Act 2004 and the Housing Corporation Act 1974 (as amended).
The financial statements for the year ended 30 June 2008 were authorised for issue in accordance with a resolution of the Members on 10 September 2008.
The Parent and its subsidiaries are public benefit entities (PBE), defined as 'reporting entities whose primary objective is to provide goods or services for community or social benefit and where any equity has been provided with a view to supporting that primary objective rather than for a financial return to equity holders'.
The registered office of the Corporation is at Level 3, 28 Grey Street, Wellington.
The Corporation has applied all public benefit entity reporting exemptions available to it.
