41517 (2025). Camilla Belich to the Minister of Finance

41517 (2025). Camilla Belich to the Minister of Finance: What assessment, if any, has Treasury made of the fiscal risks associated with Crown board fee increases, and has this been included in Budget 2026 forecasts?

Hon Nicola Willis: Board fee increases are expected to be funded from within operating baselines. The Cabinet Fees Framework is the Fees Framework managed by the Public Service Commission and covers a very wide range of entities and agencies. The PSC only have full visibility of the impact of the potential increases. I expect to receive individual entity fee requests in accordance with the Framework requirements - strong evidence to justify the increases, including performance reporting, market fee comparisons and the ability to fund within operating baselines. Crown Company director fee increases in 2024 were between 0.01-0.2% of revenue.