41510 (2025). Camilla Belich to the Minister for State Owned Enterprises

41510 (2025). Camilla Belich to the Minister for State Owned Enterprises: How many board fee reviews, if any, have been completed for entities under their responsibility, if any, in the past 12 months, and what was the total cost of those fee changes, broken down by entity?

Hon Simeon Brown: I am advised that a three-yearly review of board fees for companies under the Crown Company Fees Methodology was completed in 2024, with Cabinet approving increases from 1 January 2025. All increases are paid from the entities’ revenue. The total fee increases from 1 January to 30 June 2025 were: Airways Corporation of New Zealand Ltd – $93,500 AsureQuality Ltd – $58,000 Kordia Group Ltd – $37,000 Landcorp Farming Ltd – $35,000 Meteorological Service of NZ Ltd – $42,700 NZ Post Ltd – $81,000 Quotable Value Ltd – $51,000 Transpower New Zealand Ltd – $84,000 Animal Control Products Ltd – $16,000 KiwiGroup Capital (KGC) – $4,000