2646

NEW ZEALAND GAZETTE, No. 110

160 (1) (b) of the Crown Entities Act 2004, for
the purposes of section 161 of that Act, for Housing
New Zealand Limited to lend to Pinehill Holdings
Limited, provided that the total amount lent does not
exceed NZ$3.5 million, nothing is lent after 30 June
2007 and the original business case remains sound;

19. on 18 March 2005, we, The Honourable Dr Michael
    Cullen, Minister of Finance, and The Honourable
    Steve Maharey, Minister of Housing, gave approval,
    subject to Ministerial requirements and/or expectations
    outlined in the HNZC Borrowing Protocol, under section
    160 (1) (b) of the Crown Entities Act 2004, for the
    purposes of section 162 of that Act, for HNZC to
    undertake primary borrowing by way of loan, overdraft,
    or otherwise, as long as this meets the requirements
    and/or expectations outlined in the HNZC Borrowing
    Protocol; and

20. on 18 March 2005, we, The Honourable Dr Michael
    Cullen, Minister of Finance, and The Honourable
    Steve Maharey, Minister of Housing, gave approval,
    subject to Ministerial requirements and/or expectations
    outlined in the HNZC Borrowing Protocol, under section
    160 (1) (b) of the Crown Entities Act 2004, for the
    purposes of section 162 of that Act, for HNZC to use
    derivatives for managing treasury risk on borrowings.

Dated at Wellington this 17th day of July 2005.

DR MICHAEL CULLEN, Minister of Finance.

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Notice of Approval Given Pursuant to Section 160 (1) (b) of the Crown Entities Act 2004

Pursuant to section 160 (3) of the Crown Entities Act 2004,
I, The Honourable Dr Michael John Cullen, Minister of
Finance, hereby give notice that on 17 June 2005, we, The
Honourable Dr Michael Cullen, Minister of Finance, and
The Honourable Chris Carter, Minister of Conservation,
gave approval, under section 160 (1) (b) of the Crown
Entities Act 2004, for the Nelson/Marlborough Fish and
Game Council to roll-over its term deposit with the Nelson
Building Society on 30 June 2005.

Dated at Wellington this 19th day of July 2005.

DR MICHAEL CULLEN, Minister of Finance.

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Notice of Approvals Given Pursuant to Section 160 (1) (b) of the Crown Entities Act 2004

Pursuant to section 160 (3) of the Crown Entities Act 2004,
I, The Honourable Dr Michael John Cullen, Minister of
Finance, hereby give notice that:

1. on 19 July 2005, we, The Honourable Dr Michael
   Cullen, Minister of Finance, and The Honourable
   Trevor Mallard, Minister of Education, gave approval,
   under section 160 (1) (b) of the Crown Entities Act
   2004, to school boards of trustees (as that term is
   defined in the Crown Entities Act 2004) for the
   acquisition of debt securities issued by New Zealand
   registered building societies:

(a) that have given to the relevant school board of
trustees:

(i) written confirmation that:

(A) the building society has total equity of at
least NZ$15 million; and

(B) the building society is in compliance
with the terms of offer of debt securities
in the building society’s current registered
prospectus and with the terms of the
building society’s trust deed; and

(ii) a written undertaking from the building society
that it will, as soon as practicable, notify that
school board of trustees in writing if
that building society no longer satisfies any
of the conditions specified in (a) (i) above; and

(b) that have not notified a school board of trustees in
writing that that building society no longer satisfies
any of the conditions specified in (a) (i) above; and

2. on 19 July 2005, we, The Honourable Dr Michael
   Cullen, Minister of Finance, and The Honourable Chris
   Carter, Minister of Conservation, gave approval, under
   section 160 (1) (b) of the Crown Entities Act 2004, for
   the New Zealand Fish and Game Council, (regional)
   Fish and Game Councils, the New Zealand Game Bird
   Habitat Trust Board and reserves boards (as defined in
   section 2 of the Reserves Act 1977) to the acquisition of
   debt securities issued by New Zealand registered
   building societies:

(a) that have given to the New Zealand Fish and Game
Council, any relevant (regional) Fish and
Game Council, the New Zealand Game Bird
Habitat Trust Board and any reserves board:

(i) written confirmation that:

(A) the building society has total equity of at
least NZ$15 million; and

(B) the building society is in compliance
with terms of offer of debt securities in
the building society’s current registered
prospectus and with the terms of the
building society’s trust deed; and

(ii) a written undertaking from the building society
that it will, as soon as practicable, notify the
New Zealand Fish and Game Council, any
relevant (regional) Fish and Game Council, the
New Zealand Game Bird Habitat Trust Board
and/or any reserves board, as applicable, in
writing if that building society no longer
satisfies any of the conditions specified in
(a) (i) above;

(b) that have not notified the New Zealand Fish and
Game Council, any (regional) Fish and Game
Council, the New Zealand Game Bird Habitat Trust
Board and/or any reserves board in writing that that
building society no longer satisfies any of the
conditions specified in (a) (i) above.

Dated at Wellington this 19th day of July 2005.

DR MICHAEL CULLEN, Minister of Finance.

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Government Superannuation Fund Act 1956

Appointment to the Government Superannuation Appeals Board

Pursuant to section 5 of the Government Superannuation
Fund Act 1956, the Minister responsible for the
Government Superannuation Fund is pleased to announce
the appointment of

Angela Foulkes

to the Government Superannuation Appeals Board for a term
of three years with effect from 1 July 2005, replacing Mark
Byers as Chair.

Dated at Wellington this 17th day of July 2005.

DR MICHAEL CULLEN, Minister of Finance.

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