Governance of the RSPF

The Minister for Economic and Regional Development was the responsible minister for investments made through the RSPF.

Regional Economic Development Ministers made decisions on investments under $20 million. These ministers were:

• The Minister of Finance
• The Minister for Economic and Regional Development
• The Minister for Social Development and Employment
• The Minister for Māori Development.

Cabinet made decisions about investments of $20 million or more.

Māori Economic Development Ministers Group drove a broader government view of Māori Economic Development. It aimed to ensure various work programmes, such as at Te Puni Kōkiri and the Ministry for Primary Industries, were aligned to deliver a collective impact.

This group did not make decisions on investments, but were consulted on all decisions relevant to iwi, hapū and Māori. The members were:

• The Minister for Economic and Regional Development
• The Minister for Māori Development
• The Minister for Māori Crown Relations: Te Arawhiti
• The Minister of Local Government
• Associate Minister of Agriculture (Animal Welfare)
• Parliamentary Under-Secretary, Trade and Export Growth (Māori Trade).

Regional Economic Development Senior Officials (REDSOs) were economic development advocates in their assigned region.

Crown Regional Holdings Limited (CRHL) - Investments made under the RSPF were novated to CRHL.

CRHL did not make decisions on investments, but the Board of CRHL provided commercial advice on potential investments prior to Ministerial decision making.

For more information see Crown Regional Holdings Limited (CRHL)

The Government established CRHL, a Schedule 4A company, under the Public Finance Act 1989. The Minister of Finance and Minister for Regional Economic Development, on behalf of the Crown, each hold 50% of the issued ordinary shares in the company.

CRHL’s key objective is to act as the nominated legal entity for taking novation of Crown investments.