476 NEW ZEALAND GAZETTE, No. 21 23 FEBRUARY 2007

(n) total assets;
(o) total Impaired Assets;
(p) total liabilities;
(q) head office account;
in the case of a Disclosure Statement prepared in respect of:
(r) an Accounting Period, for each of the five most recent consecutive Accounting Periods; or
(s) an Interim Accounting Period, for that Interim Accounting Period and each of the five most recent consecutive
Accounting Periods.

(4) The General Disclosure Statement shall state whether the amounts required to be disclosed pursuant to subclause (3) of
this clause have been taken from audited financial statements.

14. Members of Banking Group—The General Disclosure Statement shall state the name and nature of business of each
    member of the Banking Group other than the Registered Bank.

14A. Insurance Business—The General Disclosure Statement shall state whether the Banking Group conducts any Insurance
Business, and if so, contain the following information:

(1) the aggregate amount of Insurance Business, where the amount so disclosed is calculated in accordance with the
Registered Bank’s Conditions of Registration;

(2) an explanation as to how the Banking Group manages its Insurance Business, including information on whether:

(a) any Insurance Business is conducted in special purpose subsidiaries whose business activities predominantly
    comprise Insurance Business, and if so, the name of each of those subsidiaries, and a description of the Insurance
    Business conducted in each subsidiary; and

(b) in relation to any other member of the Banking Group, any Insurance Business is accounted for in its statement of
    financial position, and if so:

    (i) the name of that member;
    (ii) whether the assets relating to that member’s Insurance Business are managed and accounted for as separate
         funds;
    (iii) a description of the Insurance Business conducted by that member;

(3) comparatives for the previous corresponding period for the information required to be disclosed pursuant to subclause
14A(1).

14B. Non-Consolidated Activities—The General Disclosure Statement shall contain a statement as to whether the Overseas
Bank conducts in New Zealand outside the Banking Group any Insurance Business or non-financial activities, and if so:

(1) a brief explanation of the Overseas Bank’s involvement in that business or those activities;

(2) the total assets, total equity, and total profits before and after tax of that business or those activities on a consolidated
basis, separately for Insurance Business and for non-financial activities, as applicable, and if that business is conducted by an
overseas incorporated company, separately in respect of the overseas company’s group and that group’s New Zealand
Business;

(3) comparatives for the previous corresponding period for the information required to be disclosed pursuant to subclause
14B(2);

(4) if the content of the Supplemental Disclosure Statement is not contained in the General Disclosure Statement, a statement
that a copy of the Registered Bank’s most recent Supplemental Disclosure Statement (or that part of which, as applicable)
which contains the most recent publicly available financial statements and group financial statements for:

– Insurance Business conducted in New Zealand outside the Banking Group; and
– non-financial activities conducted in New Zealand outside the Banking Group;

(separately, as applicable) will be provided at no charge to any person requesting a copy where the request is made at the
Registered Bank’s head office, or within 5 Working Days where the request is made at (state the categories of places).

15. Auditor’s Report—(1) A General Disclosure Statement Published in respect of an Accounting Period shall contain a
    copy of a report by an auditor signed by that auditor, either in the auditor’s own name or the name of that auditor’s firm, that
    states, with respect to the financial statements and supplementary information prepared in accordance with subclauses 12(1),
    12(2), 12(2A), 12(3), 12(4) and clauses 14A and 14B of this Order:

(a) the work done by the auditor;
(b) the scope and limitations of the audit;
(c) the existence of any relationship (other than that of auditor) which the auditor has with, or interest the auditor has
in, the Registered Bank and any of its Subsidiaries or in-substance subsidiaries;
(d) whether the auditor has obtained all the information and explanations that the auditor has required;
(e) whether, in the auditor’s opinion, as far as appears from an examination of them, proper accounting records have
been kept by the Registered Bank and the Banking Group;
(f) whether, in the auditor’s opinion, the financial statements of the Registered Bank and the Banking Group comply
with generally accepted accounting practice, and if they do not, the respects in which they fail to comply;
(g) where applicable, whether, in the auditor’s opinion, the supplementary information has been prepared in accordance
with guidelines issued pursuant to section 78(3) of the Act (if any) or any Conditions of Registration, and is in
accordance with the books and records of the Registered Bank and the Banking Group;
(h) whether, in the auditor’s opinion, and having regard to any information or explanations that may have been added
by the Registered Bank pursuant to sections 11(2) and 14(2) of the Financial Reporting Act 1993, the financial
statements of the Registered Bank and the Banking Group give a true and fair view of the matters to which they
relate and, if they do not, the respects in which they fail to give such a view;