 Council organisations
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Council Controlled Organisations
Council Controlled Organisations are described in the Local Government Act 2002 (LGA 2002) as any organisation in which one or more local authorities control 50 per cent or more of the voting rights or appoints 50 per cent or more of the directors.
The following are classified as Council Controlled Organisations:
- Hamilton Properties Ltd – although this is a non-operating company that is no longer trading, Council has retained this company with a view to utilising its tax losses in the future.
- Local Authority Shared Services Ltd – the objective of this company is to provide local authorities within the Waikato region with shared services, particularly in relation to information collection and management. The first shared initiative of this company has been the establishment and operation of a Shared Valuation Database Service (SVDS). Council holds 7.69% of the shares in Local Shared Services Ltd. The remaining shares are owned by Waikato Regional Council (Environment Waikato), Franklin, Waikato, Thames-Coromandel, Hauraki, Matamata-Piako, Waipa, Otorohanga, Waitomo, South Waikato, Taupo and Rotorua District Councils.
- Waikato Regional Airport Ltd - the objective of this company is to operate a successful commercial business, providing safe, appropriate and efficient services for the transportation of people and freight in and out of the port of Hamilton. Council holds 50% of the airport company's shares, with the remaining shares owned by Matamata-Piako, Otorohanga, Waikato and Waipa District Councils.
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Although the following are not classified as Council Controlled Organisations under the LGA 2002, Council also has interests in:
- Hamilton Fibre Network Ltd – commenced 28 March 2008. The company controls a high speed urban broadband network which is currently under development. Council currently holds 34.85% of A shares in Hamilton Fibre Network Ltd. The remaining A shares are owned by Environment Waikato, University of Waikato, and Waikato Institute of Technology, and the partially issued B Shares by Telco Infrastructure Investments Ltd. Hamilton based Velocity Networks Ltd is the operator of the Hamilton Fibre Network and is a broadband provider that offers a range of some of the best broadband plans available in New Zealand.
- Hamilton Riverview Hotel Ltd – Council holds 41.38% of the shares, with Tainui Development Ltd and AAPC NZ PTY holding the remaining shares. The company comprises two hotels: Novotel Tainui Hamilton and Ibis Tainui Hamilton.
- New Zealand Local Government Insurance Corporation Ltd (trading as Civic Insurance) – provides insurance services to local authorities in New Zealand. Council holds 3.17% of the shares in the NZ Local Government Insurance Co. Ltd, with the remaining shares held by other councils in New Zealand.
- Waikato Innovation Park Ltd – is New Zealand’s growth hub for Ag-Biotech businesses. The park is located on 17 hectares of land next to the Ruakura Research Centre, home to AgResearch, HortResearch, Landcare and Dexcel. It is also in close proximity to the University of Waikato Campus. Council has invested $2.4m in Innovation Park to enable development of at least one new building on the site.
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Council Organisations
Council Organisations are described in the LGA 2002 as organisations in which one or more local authorities control any proportion of voting rights or rights to appoint trustees, directors or managers of the organisation.
The following are classified as Council Organisations:
- Community Well-Being Grants Allocation Committee - financial assistance to not-for-profit community groups
- Environment Waikato (Transport Matters)
- Environment Waikato (Project Watershed)
- Envirofund Allocation Committee
- Hamilton Creative New Zealand Fund Allocation Committee
- Hamilton Community Arts Council
- Joint Hamilton Sub-Regional Growth Strategy Committee
- Keep Hamilton Beautiful
- Lake Rotokauri Advisory Committee
- Opportunity Hamilton – Hamilton's economic development agency
- SODA Inc
- Te Runanga O Kirikiriroa Joint Venture Committee – Maori partnership
- The Katolyst Group - Formed to own Innovation Waikato Ltd
- Waikato Region Civil Defence Emergency Management Group*
- Waikato Valley Emergency Operations Area Emergency Management Committee
- WEL Energy Trust Joint Territorial Capital Beneficiaries Working Party*
*Hamilton City Council and other Councils jointly control 50% or more of the votes or controlling body of the organisation. However these two organisations do not operate as a trading undertaking. These organsations are CCO and need to obtain a section 7 LGA 2002 exemption for reporting as a CCO. |
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Contact
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Finance Unit
Level 1, Council Offices
Garden Place
Hamilton City Council
Private Bag 3010
Hamilton 3240
Phone: 838 6746
Fax: 838 6616
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