NEW ZEALAND GAZETTE

No. 166

General Notices

Notice of Entry into Possession of Mortgaged Property

Pursuant to Section 106 of the Land Transfer Act 1952

On the 8th day of November 2002, TEA Custodians (Equitable) Limited (“TEA”), by virtue of memorandum of mortgage No. B. 772015.5 (Wellington Registry), entered into possession as mortgagee of the property at 31-33 Chapel Street, Masterton, being all the land comprised in certificate of title 34C/21 (Wellington Registry) (“the property”).

The registered office of TEA is Ground Floor, Tower Trust House, 169 The Terrace, Wellington.

All communications relating to the property may be sent for the attention of Lester Andrew Wright, as agent for TEA, care of Dresden Properties Limited, Floor Eight, 57-59 Symonds Street, Private Bag 92-142, Auckland. Telephone: (09) 303 1255. Facsimile: (09) 303 4224.

Dated at Auckland this 8th day of November 2002.

Signed by:

ANDREW MORGAN, Group Mortgage Manager,
Equitable Life Insurance Company Limited, as Agent for TEA Custodians (Equitable) Limited.

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Departmental Notices

ACC

Accident Insurance Act 1998

ACC Board Levy Recommendations for 2003/04 Following Consultation

The ACC Board has recommended to the Minister for ACC a number of changes to the levy rates for the 2003/04 levy year. The recommended rates reflect:

• the latest claims experience;
• recent cost trends in each scheme; and
• submissions received as part of the public consultation process.

The ACC Board’s recommendations are not binding on the Minister, who will obtain further advice from officials and actuaries. She may accept, reject or modify the Corporation’s recommendations.

All ACC Board recommendations noted below are excluding G.S.T. except where indicated. The ACC Board recommendations for levy payer groups can be summarised as follows:

Employers’

The employers’ composite average levy rate decreases 4% from $1.20 to $1.15 per $100 of payroll, comprising of:

• the average employers (workers compensation) levy rate reduces from $0.85 to $0.84 per $100 of payroll and the 550 levy classification units are grouped into 130 risk groups.
• the average residual claims (injuries prior to July 1999) levy rate reduces from $0.35 to $0.31 per $100 of payroll and the 550 levy classification units are grouped into 41 risk groups.

Self-employed

The self-employed composite average levy rates decreases 1% from $3.17 to $3.13 per $100 of liable earnings, comprising of:

• the average self-employed (workers compensation) levy rate remains unchanged at $1.75 per $100 of liable earnings and the 550 levy classification units are grouped into 130 risk groups.
• the average residual claims (injuries prior to July 1999) levy rate reduces from $0.35 to $0.31 per $100 of liable earnings and the 550 levy classification units are grouped into 41 risk groups.
• the self-employed earners (non-work injuries) levy rate remains unchanged at $1.20 (G.S.T. inclusive) per $100 of earnings.

Earners’ (non-work injuries)

That the levy rate remains unchanged at $1.20 (G.S.T. inclusive) per $100 of earnings.

Motor Vehicle (injuries involving motor vehicles)

That the composite average levy rate (including the petrol excise duty) increases by 25% from the current $169.67 to $211.95 per vehicle.

That the ACC portion of the annual motor vehicle licence fee remains unchanged at $141.10 per standard petrol-powered vehicle.

That the petrol excise duty increases from 2.3 cents per litre to 5.08 cents per litre.