Background

The CHFA is responsible for achieving the Government’s objective of efficiently managing claims against the former Area Health Boards, and other residual assets and liabilities to minimise the total cost to the Crown.

The CHFA also provides financial advisory services to DHBs.

Organisational responsibilities

Residual Services: The CHFA is responsible for:

• Residual contingent liabilities: The CHFA manages claims arising from acts or omissions of the former Area Health Boards pre-1993 to achieve timely and appropriate compromise, settlement or defence of the claims. 
• Residual property liabilities: The CHFA manages the sub-letting of the residual lease of Tourism and Travel House (Wellington) until expiry in 2012 to reduce the overall cost to the Crown.
• Patient trust funds: The CHFA is the constructive trustee of some Southland DHB unclaimed patient funds.

Financial advisory services: The CHFA also provides financial advisory services to DHBs to assist them to achieve their business goals and objectives.

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