The objectives of the Accounting Standards Review Board were to contribute to the improvement, and the quality, of external financial reporting in the public and private sectors, for the benefit of users, and to assist preparers and auditors of financial reports.

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The Chartered Professional Engineers Council was responsible for approving engineering competence and conduct standards, hearing appeals against decisions of the Registration Authority (the Institution of Professional Engineers New Zealand Incorporated - IPENZ), and annually reporting on the Registration Authority’s performance.

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The main function of the Commerce Commission is to promote market efficiency by enforcing and fostering healthy competition, informed choice by consumers and sound economic regulation.

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The Ministry of Commerce was the successor to the domestic commerce function of the former Department of Trade and Industry. The purpose of the new Ministry was to help New Zealanders prosper. The Ministry's functions related to virtually all aspects of the economy and ranged from general micro-economic issues common to all markets through to sector specific issues in energy, information technology, manufacturing, and the administration of programmes and regulatory functions. In February 2000, the Ministry of Commerce's responsibilities and functions were expanded and transferred to the new Ministry of Economic Development. The Ministry of Economic Development was part of the Government's Regional and Economic Development Programme. Central to the new Ministry was the creation of Industry New Zealand, a Crown Entity that would implement industry and regional development policy.

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