ACT's John Banks will be Minister of Regulatory Reform and Small Business, and United Future leader Peter Dunne will continue as Minister of Revenue, under support agreements signed with National.
Dunne’s deal with National - read more
Banks gains portfolios in C & S - read more
Mr Banks, who is the only ACT MP to make it into Parliament, also picked up the associate commerce and associate education roles.
He scored a big policy gain in education, with the Government to establish a "charter school system" in parts of the country that struggle with educational underachievement.
Community and ethnic groups, faith-based organisations and private management groups will operate state-funded schools.
Boards of trustees will set their own teaching practices, decide the length of the school day and year, and pay teachers according to performance.
Similar systems are in place in the United States and Britain.
A taskforce will review governance issues in state, integrated and independent schools, after ACT campaigned on introducing more choice into the education system.
The confidence and supply agreement, signed by Mr Banks and Prime Minister John Key at parliament on Monday, also includes plans to reform the Resource Management Act, and further limit government spending.
National also signed a support deal with United Future on Monday, which includes a ban on guided helicopter hunting on conservation land and a guarantee no part of Kiwibank or Radio New Zealand will be sold.
There will be an investigation of United Future's policy of free annual health checks for people over 65 and of its plan for flexible superannuation.
Mr Dunne's given way on the Families Commission, set up under his 2008 agreement, and it will in future be run by one commissioner instead of four.
Prime Minister John Key has agreed to pass a law stating that no more than 49 per cent of any state-owned asset can be sold.
The two deals ensure ACT and United Future will support National for the next three years.
With their two votes Mr Key will have 62 and a majority in the 121-member Parliament that will allow him to form a government.
NZN