Waitakere City Holdings Limited

Waitakere Properties Limited

Auckland Film Studios Limited

Waitakere City Holdings Limited

Waitakere City Holdings Limited (WCHL) is the 100% owned subsidiary of Waitakere City Council, which oversees Council's key shareholdings investments. Formed on 1 July 1999, WCHL is a "Council Controlled Trading Organisation (CCTO) and a limited liability company. As such, it is required to comply with both the Local Government Act 2002 and the Companies Act 1993.

WCHL is overseen by a Board of Directors appointed by the Council. Each director has been issued with a "letter of direction" requiring that any proposal affecting the shareholdings entrusted to WCHL be referred back to the Council for its approval.

Each CCTO in the WCHL Group operates pursuant to a "Statement of Intent" (SOI), which states - among other matters - the scope of each CCTO's activities and the means for measuring the success of the CCTO each year. Under the Local Government Act, each CCTO must also prepare an annual report on operations and financial statements, which are audited by the Audit Office.

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Statement of Intent - 1 July 2008	(Size 257K)
Annual Report 2009	(Size 1104K)
Annual Report 2008	(Size 246K)
Annual Report 2007	(Size 291K)

Waitakere Properties Limited

Waitakere Properties Limited provides development services and property consultancy, primarily to Waitakere City Council. Waitakere Properties is 100% owned by WCHL.

Key developments are the Harbour View Estate in Te Atatu Peninsula (now complete), assisting in the Council's current initiatives in Hobsonville, development and management of the film studios on Henderson Valley Road and development of the balance of the site on which Councils new civic centre is located.

Statement of Intent - 1 July 2008	(Size 111K)
Annual Report 2009	(Size 892K)
Annual Report 2008	(Size 1122K)
Annual Report 2007	(Size 129K)

Auckland Film Studios Limited

This company owns, manages and operates the Film Studios in Henderson Valley. The Council has a 44% shareholding in this company with the balance held by an unrelated third party.

As Council has only a minority interest in this company it is not classed as a CCO or CCTO (council-controlled organisations) and as such it is not bound by the reporting requirements of the Local Government Act 2002.