A council controlled organisation (CCO) is one in which a council (or councils) hold equity securities carrying 50 percent or more of the voting rights or a council (or councils) can appoint 50 percent or more of the directors of the organisation.
CCOs have specific legal requirements of them that are detailed in the Local Government Act 2002.
These include the requirement to submit a Statement of Intent to the shareholding council(s) each for approval. Statements of Intent set out the objectives, nature and scope of activities undertaken and performance targets for each CCO.
As part of the process to prepare a Statement of Intent Ashburton District Council now provides its local CCOs with a Letter of Expectation that outlines the Council's expectations from the organisation for the coming year.
All CCO financial accounts are required to be consolidated into the Council's accounts for its Annual Report. Audit New Zealand is required to be the financial auditor for all CCOs.
Ashburton Contracting Limited
Ashburton Contracting Limited (ACL) is a civil and roading contracting company. It is fully owned by Ashburton District Council. Its activities include:
Learn more about ACL
Experience Mid Canterbury
As Ashburton District's official tourism organisation, Experience Mid Canterbury (EMC) markets our district both locally and internationally. They provide visitor information services, and facilitate and enhance the promotion of tourism events, products and services.
EMC is fully owned by Ashburton District Council.
Learn more about EMC
Read EMC's Statement of Intent
Transwaste Canterbury Limited
Transwaste Canterbury owns and operates the regional landfill waste facility at Kate Valley. It also has associated activities including: transport; farming; forestry; and native forest development.
The company is 50 percent owned by Canterbury councils (Christchurch City, Selwyn District, Hurunui District, Waimakariri District and Ashburton District). Ashburton District Council owns approximately 3 percent of the company.
Ashburton Stadium Complex Trust
A charitable trust established by Council with responsibility for undertaking community fundraising for the EA Networks Centre indoor aquatic centre and sports facility. Council appoints the trustees to this organisation.
Canterbury Economic Development Company Ltd
Owned by all councils in the Canterbury region the company was established to act as the regional entity to receive funding from the Government's Regional Strategy Fund for regional economic development initiatives. This fund is no longer operating and the shareholding councils are currently looking at changes to the Company's objectives to refocus on provision of joint services for Canterbury councils.