As a Crown Entity, the XRB is subject to the accountability requirements of the Public Finance Act 1989 and the Crown Entities Act 2004.
Our primary accountability documents are below.
Accountability documents
Latest publication
Please see our 2024/25 Annual Report here
XRB accountability documents
The Annual Report is prepared annually in accordance with the Crown Entities Act 2004.
It summarises our key activities for the year and outlines our performance compared to the Statement of Performance Expectations for that period. The Annual Report includes our independently audited statement of service performance, and financial statements.
The Statement of Performance Expectations (SPE) outlines the XRB’s annual performance objectives.
We prepare it annually in accordance with the requirements of the Crown Entities Act 2004.
Our SPE sets out its reportable output classes, a forecast statement of service performance, and forecast financial statements for the forthcoming year and the assumptions on which they are based. It also specifies how our performance for the year will be measured and reported.
The Crown Entities Act 2004 was amended in 2013 to require the preparation of an SPE each year from 2014. Before 2014 we prepared an Output Agreement. This was an agreement between the XRB and the then Minister of Commerce that specified the outputs to be delivered in the financial year. The Agreement enabled the Minister to monitor and hold the Board accountable for its performance. The SPE has replaced the Output Agreement.
The Hon. Scott Simpson is the Minister of Commerce and Consumer Affairs and is responsible for the XRB.
The annual Letter of Expectations sets out the Minister's strategic and performance expectations for the XRB.
| Title | Year |
|---|---|
| Hon Scott Simpson: Letter of Expectations | 2025/26 |
| Hon Andrew Bayly: Letter of Expectations | 2024/25 |
| Hon Dr Duncan Webb: Letter of Expectations | 2023/24 |
| Hon Dr David Clark: Letter of Expectations | 2022/23 |
| Hon Dr David Clark: Letter of Expectations | 2021/22 |
| Hon Kris Faafoi: Letter of Expectations | 2020/21 |
| Hon Kris Faafoi: Letter of Expectations | 2019/20 |
The Statement of Intent (SOI) outlines the XRB’s strategic intentions for the next five years.
We prepare it no less than every three years in accordance with the requirements of the Crown Entities Act 2004.
The SOI includes its outcome goals, strategic intentions, planned actions to give effect to those strategic intentions, and the basis on which we will report performance. It is intended to be enduring and apply for a minimum of three years.
The Crown Entities Act 2004 was amended in 2013 to require the SOI to have a more strategic content. Before 2014, the SOI was prepared annually and specified the XRB’s forecast performance for the forthcoming financial year, and the following two years. It included forecast outputs to be delivered (and the performance measures for these), and the forecast financial statements and the assumptions on which they are based. This annual performance information is now included in the Statement of Performance Expectations.
Our Strategic Plan outlines our strategic priorities.
| Period | Date published |
|---|---|
| 2021–26 XRB Strategic Plan | May 2021 |
| 2019–24 XRB Strategic Plan | Aug 2019 |
| 2018–23 XRB Strategic Plan | Aug 2018 |
| 2017–22 XRB Strategic Plan and Summary | Aug 2017 |
| 2016–21 XRB Strategic Plan and Summary | Aug 2016 |
| 2014–19 XRB Strategic Plan | Apr 2014 |
The State Services Commission requires disclosure of Chief Executive (CE) gifts, benefits and expenses.
Disclosure is currently undertaken annually for the period 1 July–30 June and uploaded to data.govt.nz.
The State Service Commission's policy on disclosure of Chief Executive Expenses and associated documents is available on the State Services Commission's website.
| Date | Download PDF copy | Download Excel copy |
|---|---|---|
| 30 June 2025 | CE Expenses - Wendy Venter |  |
| 30 June 2025 | CE Expenses - April Mackenzie | |
| 30 June 2024 | CE Expenses | |
| 30 June 2023 | CE Expenses | |
| 30 June 2022 | CE Expenses | |
| 30 June 2021 | CE Expenses |  |
| 30 June 2020 |
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| 30 June 2020 |
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| 30 June 2019 | CE Expenses | |
| 30 June 2018 | CE Expenses | |
| 30 June 2017 | CE Expenses |
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| 30 June 2016 | CE Expenses |
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| 30 June 2015 | CE Expenses |
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| 30 June 2014 | CE Expenses |
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| 30 June 2013 | CE Expenses |
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| 31 December 2012 | CE Expenses |
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| 30 June 2012 | CE Expenses |
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| 31 December 2011 | CE Expenses |
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We produce a Briefing to the incoming Minister following a general election or change in minister. It provides an introduction to the XRB and our key current projects.
March 2025 Briefing to the incoming Minister
In June 2025 an XRB performance survey was undertaken by Verian Group. This measured overall satisfaction with the XRB’s contribution towards our purpose, and against the measures set out in our Statement of Performance Expectations.
The 2024 stakeholder survey (conducted by Verian Group, formerly Kantar Public) assessed the current state of, and any changes to, stakeholders’ perceptions of our performance, products, and interactions.
The February 2023 stakeholder survey (conducted by Kantar Public) was a short survey which assessed the current state of, and any changes to, stakeholders’ perceptions of our performance, products, and interactions.
In 2022 we commissioned independent research company Kantar Public (formerly Colmar Brunton) to undertake stakeholder engagement research on our behalf. The research measured perceptions of the XRB’s activities and performance, and how well we are connecting and working with our external stakeholders.
Kantar Public undertook two pieces of research:
- A series of qualitative, one-on-one interviews with senior stakeholders; and
- A quantitative survey of a wide group of XRB stakeholders.
The 2018 stakeholder survey (conducted by Colmar Brunton) was commissioned to understand the perceptions of the XRBs performance and communications to its stakeholders. This was the first stakeholder survey commissioned.