Finance and Expenditure Committee

The Finance and Expenditure Committee (known as the Public Accounts Committee until 1962, and as the Public Expenditure Committee, from 1962) is a select committee of the House of Representatives, the unicameral chamber of the Parliament of New Zealand, responsible for matters relating to the audit of the financial statements of the Government and departments, Government finance, revenue, and taxation. The committee is currently established by Standing Order 188.[1]


History

Following a reform of the former Public Accounts Committee in 1962, the Public Expenditure Committee was established and became the most influential parliamentary committee in New Zealand, establishing "a strong reputation for itself, principally because it enjoyed powers of investigation not granted to other committees and because it attracted able and ambitious members. It was the only committee able to set up its own inquiries (without reference from the House), had subcommittees chaired by opposition members, and enjoyed the support of staff from the Legislative department (now the Office of the Clerk) as well as the Audit Office."[2]

Jurisdiction

This committee looks at business related to economic and fiscal policy, taxation, revenue, banking and finance, superannuation, insurance, Government expenditure and financial performance, and public audit.

Ministers answerable

The wide scope of the committees oversight means a number of government ministers are answerable to the committee. The table below lists them, and their position:

Minister Portfolio
Hon. Grant Robertson Minister of Finance
Hon. Stuart Nash Minister of Revenue
Hon. Carmel Sepuloni Minister of Social Development
Hon. Tracey Martin Minister for Seniors

Membership, 52nd Parliament

The following table lists the membership of the committee during the 52nd Parliament:

New Zealand House Finance and Expenditure Committee
Majority: Government (7/6)
Party Member Electorate
Labour Kiri Allan List (21)
Labour Tamati Coffey Waiariki
Labour Willow-Jean Prime List (17)
Labour Deborah Russell New Lynn
Labour Duncan Webb Christchurch Central
Labour Michael Wood Mount Roskill
NZ First Fletcher Tabuteau List (4)
National Andrew Bayly Hunua
National Rt Hon David Carter List (3)
National Hon Steven Joyce List (4)
National Barbara Kuriger Taranaki-King Country
National Lawrence Yule Tukituki
ACT David Seymour Epsom

See also

References

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  1. ↑ Standing Orders of the House of Representatives 2017, SO 188
  2. ↑ Elizabeth McLeay. "Parliamentary Committees in New Zealand: A House Continuously Reforming Itself?" (PDF). Parliament.qld.gov.au. Retrieved 2 January 2015.
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