A commissioner will continue to run Southern District Health Board until the 2019 local body elections.
Parliament passed a bill yesterday exempting the DHB from this year's elections.
Health Minister Jonathan Coleman sacked the board in June last year after its deficit doubled in six months to $27 million.
It was forecast to increase further to $42m.
Kathy Grant was appointed commissioner.
Dr Coleman said at the time the businesswoman had a track record of turning around struggling organisations.
Opposition parties said exempting the DHB from this year's elections was an assault on democracy.
The bill passed by 95 votes to 16.