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State-Owned EnterprisesMany state trading activities were transformed into limited liability companies subject in many cases to the State-Owned Enterprises Act 1986 (SOE Act), as well as the same legislation that applies to private sector companies (principally the Companies Act 1993). An initial group of 14 state-owned enterprises (SOEs) was established in 1987. They were created out of former government departments and statutory trading corporations. The three electricity generator-retailing companies were established through the break-up of the former Electricity Corporation of New Zealand Ltd in 1999. State-owned enterprises now cover a variety of sectors: Energy
Land and environment
Services and infrastructureCommunications |
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