45Y Mixed ownership model companies must operate according to good business practice

• (1) Mixed ownership model companies must operate according to good business practice. For the purposes of this clause good business practice includes, but is not limited to, being:

  • (a) an organisation that behaves in an environmentally responsible and sustainable manner; and

  • (b) a good employer; and

  • (c) an organisation that respects the rights and freedoms of New Zealanders and complies with New Zealand law; and

  • (d) an organisation that exhibits a sense of social responsibility by having regard to the interests of the community in which it operates and by endeavouring to accommodate or encourage these when able to do so.

  (2) For the purposes of this section, a good employer is an employer who operates a personnel policy containing provisions generally accepted as necessary for the fair and proper treatment of employees in all aspects of their employment, including provisions requiring—

  • (a) good and safe working conditions; and

  • (b) an equal opportunities employment programme; and

  • (c) the impartial selection of suitably qualified persons for appointment; and

  • (d) opportunities for the enhancement of the abilities of individual employees.