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Subsidiary companies

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.

Chris Sisarich