Tourism New Zealand has a controlling interest in two
subsidiary companies: a 60 per cent shareholding in
Qualmark New Zealand Limited, and (through the terms
and conditions of a relationship agreement that meets
the criteria determined in PBE IPSAS 6 for consolidating
investments in subsidiaries) the Visitor Information
Network Incorporated, trading as i-SITE New Zealand.
Three of Tourism New Zealand’s Executive Team,
including the Chief Executive, are directors of Qualmark.
Tourism New Zealand appoints three members to the
i-SITE New Zealand Board, including one Tourism New
Zealand executive member.
The Board of Tourism New Zealand is provided with
financial information from each organisation at each
board meeting, as well as commentary on performance
and significant issues.