Appendix 1: Tertiary education institutions and their subsidiaries

Education sector: Results of the 2011 audits.

Figure 14 presents a list of tertiary education institutions (TEIs) and their associated subsidiaries. We use the terms "parent" and "subsidiary" to indicate relationships having any level of shareholding or other form of ownership. This differs from the definition of those terms under NZ IAS 27: Consolidated and Separate Financial Statements, as applied for financial reporting purposes. It also differs from the definitions of "holding company" and "subsidiary" under the Companies Act 1993.

The nature of the relationships appears complex. We can see seven kinds of ownership relationships between TEIs and subsidiaries. A TEI can own:

  • one or more jointly owned subsidiaries in partnership with at least one other entity (the other parent/s can include polytechnics, universities, schools, territorial local authorities, district health boards, or Crown research institutes);40
  • one or more individually owned subsidiaries;
  • a subsidiary that owns a subsidiary, while also being a subsidiary of another subsidiary;
  • a subsidiary of a subsidiary being jointly owned by another subsidiary;
  • an individually owned subsidiary that owns one or more subsidiaries by itself;
  • an individually owned subsidiary that owns one or more subsidiaries in partnership with at least one other entity; and
  • a jointly owned subsidiary that owns one or more subsidiaries.

Figure 14
List of tertiary education institutions and their associated subsidiaries

Levels of subsidiary, joint venture, or associate
Aoraki Polytechnic Artena Society Limited (has 12 parents)
  • Student Management Software Solutions Limited
Polytechnics International of New Zealand Limited (has 16 parents)
  • NZ Tertiary Education Consortium Limited (has 5 parents)
Skills for NZ Limited (has 13 parents)
Training Solutions Limited
Auckland University of Technology Auckland University of Technology Foundation
AUT Enterprises Limited
AUT/Millenium Ownership Trust
LCO New Zealand Limited (has 4 parents)
New Zealand Vice Chancellors' Committee, trading as Universities New Zealand (has 8 parents)
New Zealand Tertiary Education Consortium Limited
NZ Universities Academic Audit Unit (has 8 parents)
Bay of Plenty Polytechnic Artena Society Limited
  • Student Management Software Solutions Limited
Polytechnics International of New Zealand Limited
  • NZ Tertiary Education Consortium Limited
Skills for NZ Limited
Tertiary Accord of New Zealand Limited (has 7 parents)
Christchurch Polytechnic Institute of Technology Canterbury Innovation Incubator Limited (has 3 parents)
  • HITLAB NZ Limited
Christchurch Polytechnic Foundation
CPIT Holdings Limited
Otautahi Education Development Trust
Polytechnics International of New Zealand Limited
  • NZ Tertiary Education Consortium Limited
Te Tapuae O Rehua Limited (has 4 parents)
Tertiary Accord of New Zealand
Tertiary Accord of New Zealand Limited
Eastern Institute of Technology Hawke's Bay Arena Society Limited
  • Student Management Software Solutions Limited
Eastern Institute Of Technology Limited
  • Skills for NZ Limited
  • Polytechnics International of New Zealand Limited
    • NZ Tertiary Education Consortium Limited
Tertiary Accord of New Zealand Limited
Eastern UT Limited
College Limited
Tuatara Trust
Regional Indoor Sports & Event Centre Trust
Lincoln University Agra One Limited (has 2 parents)
Canterbury Innovation Incubator Limited
  • HITLAB NZ Limited
Ivey Hall & Memo Hall 125th Anniversary Appeal Gifting Trust
Ivey Memo Hall 125 Anniversary Appeal Taxable Activity Trust
The Massey Lincoln and Agricultural Industry Trust (has 2 parents)
Lincoln University Property Joint Venture Limited
  • Lincoln Ventures Limited
  • Lincoln Hospitality Limited
  • Lincoln University Property Joint Venture No. 2 Limited
New Zealand Vice Chancellors' Committee, trading as Universities New Zealand
NZ Universities Academic Audit Unit
Te Tapuae O Rehua Limited
New Zealand Synchrotron Group Limited (has 10 parents, including 3 Crown Research Institutes)
Massey University E-Centre Limited
Agra One Limited (has 2 parents)
The Massey Lincoln and Agricultural Industry Trust
New Zealand School of Music Limited (has 2 parents)
Massey University Foundation
Massey Ventures Limited
  • Standard Limited
    • Standard Holdings Limited
Meat Biologics Research Limited (has 3 parents, including AgResearch (Meat Biologics Consortia) Limited and IRL BIOSOL Limited)
  • Meat Biologics Research Limited
New Zealand Vice Chancellors' Committee, trading as Universities New Zealand
NZ Universities Academic Audit Unit
Polytechnics International of New Zealand Limited
  • NZ Tertiary Education Consortium Limited
New Zealand Synchrotron Group Limited
Nelson Marlborough Institute of Technology Artena Society Limited
  • Student Management Software Solutions Limited
Nelson Polytechnic Educational Society Incorporated
Polytechnics International of New Zealand Limited
  • NZ Tertiary Education Consortium Limited
Skills for NZ Limited
Tertiary Accord of New Zealand Limited
Northland Polytechnic Artena Society Limited
  • Student Management Software Solutions Limited
Polytechnics International of New Zealand Limited
  • NZ Tertiary Education Consortium Limited
Skills for NZ Limited
Tertiary Accord of New Zealand Limited
Otago Polytechnic Dunedin City Tertiary Accommodation Trust (has 2 parents)
Upstart Incubation Trustee Company Limited (has 3 parents, including Dunedin City Council)
  • Upstart Incubation Trust
    • Upstart Angels Limited
Tertiary Accord of New Zealand Limited
The Open Education Resource Foundation Limited
Otago Institute of Design (has 2 parents)
Southern Institute of Technology Artena Society Limited
  • Student Management Software Solutions Limited
Polytechnics International of New Zealand Limited
  • NZ Tertiary Education Consortium Limited
Skills for NZ Limited
Southern Education Charitable Trust
Tai Poutini Polytechnic Artena Society Limited
  • Student Management Software Solutions Limited
Polytechnics International of New Zealand Limited
  • NZ Tertiary Education Consortium Limited
Skills for NZ Limited
Tai Poutini International Limited
West Coast Climbing Wall Trust
Qatar Technical Institute
Tairawhiti Polytechnic Artena Society Limited
  • Student Management Software Solutions Limited
Polytechnics International of New Zealand Limited
  • NZ Tertiary Education Consortium Limited
Skills for NZ Limited
Te Wananga o Aotearoa Te Kuratini o Nga Waka Aotearoa Scholarship Trust
Open Wananga Limited
  • Open English Limited
Papatoa Forestry Limited
Te Wananga o Raukawa Te Wananga-o-Raukawa Charitable Trust
Te Whare Wananga o Awanuiarangi McAlister Holdings Limited
The Open Polytechnic of New Zealand Skills for NZ Limited
Unitec Institute of Technology Polytechnics International of New Zealand Limited
  • NZ Tertiary Education Consortium Limited
UNITEC Apprenticeship Training Trust
UNITEC Recreation Trust
UNITEC Trust
UNITEC Limited
Universal College of Learning (UCOL) Minerva International Education Limited
Southern North Island Educational Development Trust
  • Chilton Holdings Limited
Polytechnics International of New Zealand Limited
  • NZ Tertiary Education Consortium Limited
Skills for NZ Limited
Tertiary Accord of New Zealand Limited
UCOL International Limited
UCOL Developments Limited
UCOL Holdings Limited
  • UCOL School of International Cuisine Limited
    • LCB Management NZ Limited (has 2 parents)
      • Le Cordon Bleu New Zealand Institute Limited Partnership
Cybus (has 2 parents)
University of Auckland Auckland Uniservices Limited
  • Kumanu Limited
  • Bloktech Systems Limited
Eversdale Holdings Limited
Intellicontrol Systems Limited
New Zealand Vice Chancellors' Committee, trading as Universities New Zealand
NZ Universities Academic Audit Unit
Telsar Investments Limited
New Zealand Synchrotron Group Limited
University of Canterbury Canterbury Innovation Incubator Limited
  • HITLAB NZ Limited
Canterbury Tertiary Education Millenial Trust
Canterbury TX Limited
Canterprise Limited
  • Entre Limited
  • Canterprise Trustees (No2) Limited
  • Canterprise Nominees Limited
  • Canterprise Trustees ArcActive Limited
    • ArcActive Limited
University of Canterbury Alumni Association Inc
New Zealand Vice Chancellors' Committee, trading as Universities New Zealand
NZ Universities Academic Audit Unit
New Zealand Synchrotron Group Limited
Te Tapuae O Rehua Limited
University of Otago University of Otago Foundation Studies Limited
Dunedin City Tertiary Accommodation Trust
LCO New Zealand Limited
Otago Institute of Design
New Zealand Vice Chancellors' Committee, trading as Universities New Zealand
NZ Universities Academic Audit Unit
New Zealand Synchrotron Group Limited
Otago Holdings Limited
  • Otago Innovation Limited
  • Immune Solutions Limited
  • NZ Tertiary Education Consortium Limited
  • New Zealand Genomics Limited
  • Unipol Recreation Limited
Te Tapuae O Rehua Limited
University of Otago Foundation Trust
New Zealand Centre for Reproductive Medicine (has 2 parents, including Canterbury District Health Board)
Upstart Incubation Trustee Company Limited (has 3 parents, including Dunedin City Council)
  • Upstart Incubation Trust
    • Upstart Angels Limited
University of Waikato LCO New Zealand Limited
New Zealand Vice Chancellors' Committee, trading as Universities New Zealand
New Zealand Tertiary Education Consortium Limited
NZ Universities Academic Audit Unit
Student Campus Building Fund Trust
New Zealand Synchrotron Group Limited
The University of Waikato Foundation
The University of Waikato Research Trust
U Leisure Limited
New Zealand Institute of Rural Health (has 2 parents, including Waikato District Health Board)
Hamilton Fibre Network Limited (has 4 parents, including Waikato Regional Council and Hamilton City Council)
Waikatolink Limited
  • 11 Ants Analytics Limited
  • Aldera Limited
  • AngelLink Limited
  • Aquatrac Limited
  • BioActivity Certification NZ Limited
  • Data Mining Components Limited
  • Gen 3.0 Limited
  • Graftoss Limited
  • High Growth Investment Limited
  • ILink Apps Limited
  • Kiwi Innovation Network Limited
  • Nouvoa Limited
  • Novatein Limited
  • NZ PowerCo Limited
  • Obodies Limited
  • Rural Link Limited (now changed name to Lite Wire)
  • Solenza Limited
  • WaikatoLink Technology Limited
  • Zygem Corporation Limited
Victoria University of Wellington Victoria University of Wellington Foundation
LCO New Zealand Limited
New Zealand School of Music Limited
New Zealand Vice Chancellors' Committee, trading as Universities New Zealand
New Zealand Tertiary Education Consortium Limited
NZ Universities Academic Audit Unit
Research Trust of Victoria University of Wellington
Te Puni Village Limited
New Zealand Synchrotron Group Limited
Victoria Link Limited
  • iPredict Limited
    • Predictions Clearing Limited
  • Wetox Limited (has 2 parents, Victoria Link Limited and Victoria University of Wellington)
VUW Art Collection Funding Trust
VUW School of Government Trust
Waiariki Institute of Technology Artena Society Limited
  • Student Management Software Solutions Limited
Polytechnics International of New Zealand Limited
  • NZ Tertiary Education Consortium Limited
Skills for NZ Limited
Waikato Institute of Technology Motortrain Limited
Polytechnics International of New Zealand Limited
  • NZ Tertiary Education Consortium Limited
Prima Group Limited
  • Learning Works Limited
  • Waikato International Limited
  • Wintec Education and Training Associates Limited
  • Prima Limited (has 2 parents, including Hamilton City Council)
Soda Inc. Limited (has 2 parents, including Hamilton City Council)
The Wintec Foundation
Hamilton Fibre Network Limited (has 4 parents, including Waikato Regional Council and Hamilton City Council)
Wellington Institute of Technology Artena Society Limited
  • Student Management Software Solutions Limited
WelTec Connect Limited
  • LCB Management NZ Limited
    • Le Cordon Bleu New Zealand Institute Limited Partnership
Cybus
Western Institute of Technology at Taranaki Artena Society Limited
  • Student Management Software Solutions Limited
NZ Institute of Highway Technology Limited
L.A. Alexander Agricultural College Trust Board Inc. (has 4 parents, including New Plymouth Boys' High School, New Plymouth Girls' High School and Spotswood College)
Polytechnics International of New Zealand Limited
  • NZ Tertiary Education Consortium Limited
Skills for NZ Limited
Whitireia Community Polytechnic Artena Society Limited
  • Student Management Software Solutions Limited
Polytechnics International of New Zealand Limited
  • NZ Tertiary Education Consortium Limited
Skills for NZ Limited
Whitireia Foundation
Whitireia New Zealand Limited

40: In one instance, a subsidiary is owned by 16 TEIs.

page top