SOE v Regulatory Bodies
SOE Regulatory Bodies
SOE’s are owned companies or organizations of the State either
partially or wholly. Majority of the shares are held in trust for the
State. Kumul Consolidated Holdings formerly IPBC holds these
SOE’s in trust and manages them.
Examples Characteristics
Post PNG  Established under the Postal Services Act
1996 and responsible for providing postal
services in PNG.
 Post PNG is responsible to send regular
letters within Papua New Guinea. Their goal
is to make this letter service available to as
many people as possible in the country.
However, they are only responsible for
delivering the letter to the nearest post office,
not directly to the recipient's address. The
person or their representative needs to pick it
up from the post office.
Water PNG  The incorporated company is established
under the National Water Supply and
Sanitation Act 2016
 It is responsible for providing and
maintaining water supply systems and
sanitation systems for various areas. The
company collaborates with governmental
entities to achieve its objective of ensuring
Corporate bodies that are under the policy direction of the Minister. They ensure
compliance with laws and regulations, promote fair competition and protect
consumer interests. They are independent of the State’s influence.
Examples Characteristics
Mineral  The Act establishes the Mineral Resources Authority
Resources and defined its powers and functions.
Authority Act 2005  The Authority is a body corporate with perpetual
succession and shall have a common seal and may
acquire, hold and dispose of property and may sue and
be sued in its corporate name and style – section 4
 Authority is not a Department of the National Public
Service – section 7
 Its functions includes advising the Minister on mining
matters, overseeing the administrations and
enforcement of relevant mining legislations ,
negotiating mining contracts on behalf of the State
National Maritime  The Act establishes the Maritime Safety Authority and
Safety Authority defined its powers and functions.
Act 2003  The Authority is a body corporate with perpetual
succession and shall have a common seal and may
acquire, hold and dispose of property and may sue and
be sued in its corporate name and style – section 3
 an adequate water supply. Water PNG must
comply with relevant laws, including those
related to public health, consumer protection,
and the environment. They manage and
maintain the water supply and sanitation
systems they own, excluding responsibilities
in the National Capital District if another
entity is already handling such facilities and
services under the National Capital District
Water Supply and Sewerage Act 1996.
Motor Vehicles  Wholly owned by the State through shares
Insurance held by KHC
Limited  Established by the Motor Vehicles (Third
Party Insurance) Act to act as the sole
compulsory third party insurer of all motor
vehicles in PNG.
 Responsible for road safety initiatives, motor
vehicle registrations and licensing services
for all types of motor vehicles
Fisheries  The National Fisheries Authority is established –
Management Act section 4 – comprising the National Fisheries Board
1998 and Authority
 The Authority is a body corporate with perpetual
succession and shall have a common seal and may
acquire, hold and dispose of property and may sue and
be sued in its corporate name
 The Act outlines the responsibilities of the Fisheries
Authority, including the management of fisheries
within Papua New Guinea's waters, in alignment with
international obligations, particularly concerning tuna
and highly migratory fish stocks. The Authority is
tasked with recommending licenses, collaborating with
various agencies and organizations, operating research
facilities for fish stock assessment, controlling and
regulating fish processing and export, overseeing
projects and public investment programs, collecting
aquatic resource data, representing the government in
fishing-related agreements, formulating policy
recommendations, establishing implementation
procedures, and implementing monitoring and
surveillance schemes in accordance with the Act.
Telikom PNG  The company is defined and established in
the Telikom PNG ltd Act 1996
 Its functions relates to providing
telecommunication services within PNG and
between PNG and other nations.
National  Established under the National Development
Development Bank 2007 as a body corporate with
Bank perpetual succession and shall have a
common seal and may acquire, hold and
dispose of property and may sue and be sued
in its corporate name and style. It has
banking relating functions.
 The Bank is not a public body – not a
department.
National Airports  A company incorporated under section 147A of the
Corporation Ltd Civil Aviation (Amendment) Act
 Its principal function concerns managing and operating
the airports in PNG. As well as other functions
determined by its shareholders.
 It is a company however its non-ex-officio Board
members are appointed according to the Regulatory
Statutory Authorities (Appointment of Certain Offices)
Act 2004.
National Energy  The National Energy Authority is established as a
Authority Act 2021 corporate body like NFA and MRA however it can
borrow money through the Department of Treasury,
advice the Minister on policies, and carry out activities
that align with its corporate interests and objectives as
defined by the law.
 The purposes of the Authority are a public purpose
within the meaning of any law – section 8