Asset management

TEIs[1] are required to manage assets to ensure the efficient use of national resources and must comply with the related statutory processes. Section 192 (4) of the Education Act 1989 requires that TEIs obtain the consent of the Secretary of Education when undertaking action to borrow, issue debentures or otherwise raise money. Approval for property disposals, transfers and finance leases also require approval by the Secretary for Education.

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  Tertiary education institution (TEI) - universities, ITPs and wānanga