7 JULY TRADE AND INDUSTRY EDITION 2741

DETERMINATION OF RESULTS

6. All bids will be ranked in order from highest to lowest. Bids of equal value will be ranked on a random selection basis.

7. One licence and one invoice will be produced for each winning bid.

ANNOUNCEMENT OF RESULTS

8. Each tenderer will be notified in writing of the results of its bids.

9. Results will be published in the Trade and Industry Edition of the New Zealand Gazette.

PAYMENT OF PREMIUMS

10. Except in the case of successful zero bids an invoice will be sent to successful tenderers for the balance of the premium due for
    the licence to which it relates. The balance must be received by the Finance Section, Department of Trade and Industry, P.O. Box
    1473, Wellington, no later than the date specified on the invoice. If payment is not received by the due date, the successful tenderer
    will forfeit its entitlement to licence and deposit. The payment of the balance is required within 3 months of the date of the results
    letter.

GOODS AND SERVICES TAX

11. GST is not payable on the premiums.

REFUNDS OF DEPOSITS

12. Deposits remitted in respect of unsuccessful or invalid bids will be refunded to the tenderer.

VALIDITY OF LICENCE

13. Licences won will be valid from the date they are signed by the authorising officer. There will be no end date to licences issued
    in this tender round.

UNPAID LICENCE

14. Licences not paid for will be reallocated to unsuccessful tenderers in the tender numbers concerned. The units available will be
    offered to unsuccessful tenderers in descending bid rate order. Those tenderers will be offered the units previously bid for at the bid
    rate made. The offer will be on an "all or nothing" basis. The offer will not be made to successful tenderers who failed to pay the
    balance of premium owing, or to unsuccessful tenderers who declined the first offer. Payment for such unpaid licence will be
    required within 10 working days.

CONTINUITY LICENCE

15. Licences won in this round will entitle the original winners to continuity licence, viz., 50 percent of units won in this round will
    be offered, valid from the start of the following (annual) tender period. The premium rate will be the same as was paid for the
    licence won in this round. The continuity offer will be attached to the licence issued to successful tenderers; to obtain the continuity
    licence, acceptance must be made by the time stipulated on the offer and payment forwarded against invoice within a three month
    period.

REFUND FOR EXEMPTIONS

16. Where the goods covered by a licence won move to licence on demand or to exemption within 12 months of the issue of the
    licence a refund of premium based on the balance of the licence unused will be available on request except where the decontrol of
    such goods is announced in the call for tenders.

CLOSING OF BIDS

17. Bids must be received by the Department of Trade and Industry in Wellington by 5 p.m. on Thursday, 28 July 1988.

18. Bids should be addressed to the Executive Officer, Import Licensing Tendering Section, Department of Trade and Industry,
    P.O. Box 3146, Wellington. Envelope should be clearly marked "IMPORT LICENCE TENDER" in the bottom right hand corner
    of the envelope. Bids can be put in the Tender Box situated on the First Floor, Bowen State Building, Bowen Street, Wellington.