NEW ZEALAND GAZETTE

No. 30

Securities Act 1978
Securities Act (Local Authority and Other Venture Capital Schemes) Exemption Notice 2003

2003/67 26/3/03 10-CX $3.60

Postage and Packaging Charge: Mail Orders

If two or more copies are ordered, the remittance should cover the cash price and the maximum charge for the total value of purchases as follows:

Copies can be bought or ordered by mail from Legislation Direct, P.O. Box 12-418, Wellington. Please quote title and serial numbers. Prices for quantities supplied on application. Copies are also available over the counter at the following locations:

Bennetts Bookshop Limited: Bowen House, Lambton Quay (P.O. Box 5334), Wellington; Bennetts Campus Bookcentre, Commerce House, 360 Queen Street (P.O. Box 5513, Wellesley Street), Auckland; Centreplace, Bryce Street (P.O. Box 928), Hamilton; 38-42 Broadway Avenue (P.O. Box 1820), Palmerston North; 111 Cashel Street (Private Bag), Christchurch 1; and located in Whitcoulls, 143 George Street (P.O. Box 1104), Dunedin.

General Section

AXA New Zealand

Insurance Companies (Ratings and Inspections) Act 1994

Change of Rating—AXA SA Group

On 12 February 2003, the rating assigned to the AXA SA Group by Standard & Poor’s Ratings Services, under the Insurance Companies (Ratings and Inspections) Act 1994, was downgraded from “AA (very strong)” to “AA– (stable)”.

This rating applies to all core operating companies within the AXA SA Group, including The National Mutual Life Association of Australasia Limited (NMLA), trading as AXA New Zealand.

AXA SA owns 51 percent of AXA Asia Pacific Holdings Limited (AAPH) and NMLA is a wholly owned subsidiary of AAPH.

The National Mutual Life Association of Australasia Limited (incorporated in Victoria, Australia), 80 The Terrace, Wellington. Telephone: (04) 474 4500.

In downgrading the rating, Standard & Poor’s noted that the AXA SA Group “have successfully managed to counterbalance to a large extent the effect of equity market weakness, mainly through an impressive and successful cost cutting plan and a significant reduction of its combined ratio in its retail property-casualty business.

This clearly illustrates management’s ability to leverage the entire organisation so as to adapt to adverse operating conditions.”

Patriotic and Canteen Funds Board

Public Finance Act 1989

Notice of Publication of Annual Report—Patriotic and Canteen Funds Board

Pursuant to section 44A of the Public Finance Act 1989, the Minister of Veterans Affairs hereby gives notice that the Patriotic and Canteen Funds Board has published its annual report for the year ending 30 September 2002 containing its financial statements, audit report and statement of responsibility for the period.

Dated this 27th day of March 2003.

GEORGE HAWKINS, Minister of Veterans Affairs.

New Zealand Gazette 2003 Deadlines

Easter Deadlines

New Zealand Gazette Edition—24 April 2003

Commercial Section Notices: (Companies, Partnership, Insolvency and Land Transfer Acts)

The deadline for these notices will be 12.00 midday on Thursday, the 17th day of April 2003, due to the observance of Good Friday on the 18th day of April 2003 and Easter Monday on the 21st day of April 2003.\n
All other notices must be lodged at the New Zealand Gazette office by 12.00 midday on Tuesday, the 22nd day of April 2003.