Jackson and renamed Park Road Post New Zealand Rail Limited (The rail operations of the Railways Corporation) – later renationalised as KiwiRail. New Zealand Steel Limited – purchased by BHP Post Office Bank Limited (Postbank) – sold to ANZ Radio New Zealand (Commercial Stations) – Sold to Clear Channel to form The Radio Network. Non-commercial stations RNZ National and RNZ Concert remain. Rural Banking and Finance Corporation – purchased by the National Bank of New Zealand) Shipping Corporation of New Zealand – sold to P&O, 1989 State Insurance Office Telecom Corporation of New Zealand Limited – copper network later unbundled between 2006–2008 Terralink International – GIS provider Tourist Hotel Corporation of New Zealand Limited Vehicle Testing New Zealand, sold in 1999 to the Motor Trade Association Works and Development Services Corporation New Zealand Ltd which remained in state ownership after the sale of Works Civil Construction Ltd to Downer & Company. Company has been struck off Companies Office register on 21 May 2005. Former, non-SOE state-owned corporations State Insurance Tourist Hotel Corporation Government Life Insurance Corporation – later renamed Tower Insurance National Airways Corporation – merged with Air New Zealand in 1980 Other Crown-owned companies Other, non-SOE Crown-owned companies are the Crown entity companies. These are the Crown Research Institutes (CRIs), the broadcasting companies Television New Zealand Limited (TVNZ) and Radio New Zealand Limited (RNZ), and the New Zealand Venture Investment Fund Limited. See also Constitutional economics Council-controlled organisation – a New Zealand local government equivalent Crown entity List of government-owned companies Political economy Public sector organisations in New Zealand (lists SOEs and Crown entities) References External links and sources State-Owned Enterprises Act 1986 as consolidated and amended at the www.legislation.govt.nz site Schedule 1 (State Enterprises), State-Owned Enterprises Act 1986 as amended Schedule 2 (New State Enterprises), State-Owned Enterprises Act 1986 as amended State sector organisations at the State Services Commission site Lists of companies of New Zealand New Zealand