22 OCTOBER
THE NEW ZEALAND GAZETTE
4851

Transport Licensing Authority Sitting

PURSUANT to the Transport Act 1962 as amended by the Transport
Amendment Act No. 2, 1983, the No. 7 Transport District Licensing
Authority (W. O’Brien), gives notice of the receipt of the following
applications and will hold a public sitting to receive evidence or
representations, whether submitted in writing or presented in person
for or against the granting of them in the Conference Room, Ministry
of Transport Office corner Cuba and George Streets, Palmerston
North, commencing on Tuesday, 17 November 1987 at 11.30 a.m.

Applicants must be present or represented. All documents for
alteration must be handed in at the sitting.

A7/87/479 Peter James Copplestone, Palmerston North. Transfer
Taxicab Service Licence No. 7742 from Francis Ronald Kendrick,
Palmerston North. One Public Hire Cab Authority, Palmerston
North.

Dated at Wellington this 16th day of October 1987.

J. MOIR, Secretary.

No. 7 Transport District Licensing Authority.

The Standards Act 1965—Miscellaneous Publication Adopted

PURSUANT to section 17 of the Standards Act 1965, the Standards
Council, on 14 October 1987, approved the issue of the under-
mentioned miscellaneous publication.

Number, Title and Price of Publication (Post free)
MP 9:1987 Fire properties of building materials and elements of
structure. $86.90 (incl. GST).

Copies of the publication may be ordered from the Standards
Association of New Zealand, Wellington Trade Centre, 181–187
Victoria Street (or Private Bag), Wellington.

Dated at Wellington this 19th day of October 1987.

DENYS R. M. PINFOLD,
Director, Standards Association of New Zealand.

(S.A. 114/2/5: 201)

The Standards Act 1965—Specifications Declared to be Standard
Specifications

PURSUANT to section 23 of the Standards Act 1965, the Standards
Council, on 9 October 1987, declared the under-mentioned
specifications to be standard specifications.

Number and Title of Specification
Price of Copy
incl. GST
(Post free)
$

NZS 5600:—Quality systems—
Part 1: 1987 (ISO 9000:1987) Quality
management and quality assurance
standards—Guidelines for selection and use.
34.10
Part 2: 1987 (ISO 9004:1987) Quality
management and quality system elements—
Guidelines.
55.00
NZS 5601:1987 (ISO 9001:1987) Quality systems—
Model for quality assurance in
design/development, production, installation
and servicing.
34.10
NZS 5602:1987 (ISO 9002:1987) Quality systems—
Model for quality assurance in final inspection
and test.
22.00
NZS 5604:1987 (ISO 8402:1986) Quality—
Vocabulary.
22.00

NOTE—Special discount price for all 6 Standards in binder:
$159.50.

Copies of the standard specifications may be ordered from the
Standards Association of New Zealand, Wellington Trade Centre,
181–187 Victoria Street (or Private Bag), Wellington.

Dated at Wellington this 19th day of October 1987.

DENYS R. M. PINFOLD,
Director, Standards Association of New Zealand.

(S.A. 114/2/2:949-54)

The Standards Act 1965—Miscellaneous Publication Withdrawn

PURSUANT to the provisions of the Standards Act 1965, the
Standards Council, on 14 October 1987, withdrew the under-
mentioned miscellaneous publication.

Number and Title of Miscellaneous Publication
MP 9:1980 Fire properties of building materials and elements of
structure.
(Cancelled and replaced by the 1987 edition).

Dated at Wellington this 19th day of October 1987.

DENYS R. M. PINFOLD,
Director, Standards Association of New Zealand.

(S.A. 114/2/5: 202)

Foreign Currency Rates

DERMINATION G6: This determination may be cited as
“Determination G6: Foreign Currency Rates”.

1. Explanation—(which does not form part of the determination). This determination applies where, for the purpose of calculating the
   income or expenditure of a person in respect of a financial
   arrangement denominated in a foreign currency, it is necessary to
   establish the rate in New Zealand currency of a foreign currency.
   This will be required in the circumstances outlined in paragraph 3
   of this determination.

2. Reference—This determination is made pursuant to section
   64E(1)(a) to (f) of the Income Tax Act 1976.

3. Scope of Determination—This determination applies where it
   is necessary for the purposes of sections 64a to 64M of the Income
   Tax Act 1976 to ascertain the value in New Zealand currency of:
   (a) A cashflow paid or received in a foreign currency under a
   financial arrangement; or
   (b) A financial arrangement denominated in a foreign currency
   using a method that has regard to market valuation; and
   (c) In any other circumstances, an amount expressed in foreign
   currency.

4. Principle—(1) Markets in foreign currencies are approved having
   regard to the following criteria—
   (a) The number of participants in the market or having access to
   the market:
   (b) Frequency of trading in the market:
   (c) The nature of trading in the market—how the rate for the
   foreign currency is determined and how the foreign currency
   is traded on the market:
   (d) The potential or demonstrated capacity of a person or group
   of persons to significantly influence the market:
   (e) Significant barriers to entry:
   (f) Discrimination on the basis of the quantity bought and sold
   unless based on the risks involved or the transaction costs
   or economies of scale.

(2) Sources of information for foreign currency rates are approved
having regard to the following criteria—
(a) Reliance on the sources of information by participants in the
market:
(b) The accessibility of the sources of information for participants
in the market.

(3) Methods of obtaining a rate for foreign currency at the end
of the income year for the purposes of valuing a financial
arrangement are approved if—
(a) The rate is obtained at the cut-off time:
(b) The method for determining the cut-off time adopted by a
person will be consistently applied in respect of each income
year.

5. Interpretation—In this determination, unless the context
   otherwise requires—
   (a) Expressions used, except the expression “income year”, have
   the same meanings as in sections 2 and 64b to 64M of the
   Income Tax Act 1976:
   (b) “Authorised Foreign Exchange Dealer” means a person named in
   the First Schedule to the Exchange Control Regulations
   1985:
   (c) “Contributor page” means a page of information provided by
   an authorised foreign exchange dealer that is displayed on
   a screen provided by Reuters New Zealand Limited or
   Telerate N.Z. Limited: