484 NEW ZEALAND GAZETTE, No. 20 19 FEBRUARY 2009

6(4) The certificate required by clause 6(3)(a) must be signed by all directors of the Company, and should state that, after due enquiry, and to the extent that the following statements are true, the directors of the Company are satisfied that:

(a) the Company currently has, and has maintained at all times during the previous month, the amount of Surplus Liquid Funds required by clause 5(2);

(b) the calculations required under clause 6(5) are true and correct;

(c) the Company can reasonably be expected to maintain the required level of Surplus Liquid Funds for at least the next quarter;

(d) the Company has made all payments it was obliged to make as they fell due;

(e) the Company can reasonably be expected to continue to pay its debts as they fall due for at least the quarter;

(f) there are no material matters which have, or are likely to, adversely affect the Company’s:

(i) financial position;

(ii) financial performance; or

(iii) cash flows;

(g) the Company has complied with the conditions 3(3)(f) and (g) of this notice regarding handling client money (including any client money which is applied as a margin in respect of a client’s contract) and property, and recording client money and property and client dealing;

6(5) The Company must:

(a) calculate, at the end of each day, its Surplus Liquid Funds in accordance with clause 5 to ensure that the Company complies with clause 5(2);

(b) report to both the Securities Commission and the Auditor on the next working day if the calculation performed in clause 6(5)(a) does not comply with clause 5(2), including an explanation of the cause of the breach and the remedial action planned;

(c) maintain a log of the calculations required under this condition and produce it to the Auditor or the Securities Commission upon request; and

(d) provide a copy of the log of these daily calculations to the Auditor as part of the Company’s monthly report.

6(6) If the directors are unable to certify that, after due inquiry, they are satisfied that each statement contained in 6(4) is true, the directors of the Company must prepare a memorandum to explain the circumstances which prevent the directors providing that certification, and that memorandum should contain or attach all information and documents which are necessary to fully explain those circumstances.

6(7) The Company must prepare management accounts every two months.

6(8) The Company must prepare prospective financial statements, which will be supplied to the Auditor on a semi-annual basis, that:

(a) contain a forecast of cash flows over at least the next 6 months based on the Company’s reasonable expectations of what is likely to happen over this period;

(b) contain forecast statements of financial position as at the end of each of the next 6 months based on the Company’s reasonable expectations of what is likely to happen over this period;

(c) document the Company’s calculations and assumptions, and explain why the assumptions are appropriate;

(d) provides reasons when the forecast of cash flows shows a total net cash outflow in any month; and

(e) is signed by all directors of the Company, certifying that the forecasts are not known by the directors to be false and misleading.

Dated at Wellington this 17th day of February 2009.

The Common Seal of the Securities Commission was affixed in the presence of:

[L.S.]
COLIN BEYER, Member.
au1505

Tertiary Education Commission

Industry Training Act 1992

Retail Meat Industry Training Organisation Incorporated

Pursuant to section 8 of the Industry Training Act 1992, provisional recognition for the Retail Meat Industry Training Organisation Incorporated has been granted for a period of two years and two months, with effect from 30 October 2008 to 31 December 2010, to set standards at Levels 1 to 8 on the National Qualifications Framework for the retail meat industries.

Dated at Wellington this 31st day of October 2008.

HON PETE HODGSON, Minister for Tertiary Education.
au1351

New Zealand Flooring Training Organisation Incorporated

Pursuant to section 5 of the Industry Training Act 1992, full recognition for the New Zealand Flooring Industry Training Organisation Incorporated has been granted for a further period of five years, with effect from 27 November 2008 to 27 November 2013, to set standards at Levels 1 to 8 on the National Qualifications Framework for the flooring industry in the areas of production, distribution, sales, and installation of resilient/soft flooring and associated flooring surfaces excluding the production, distribution, sales, installation and maintenance of flooring surfaces such as slate, cement/clay tiles and pavers, ceramic tiles and natural stone, and liquid floor coatings, seamless flooring and screeds.

Dated at Wellington this 17th day of December 2008.

ANNE TOLLEY, Minister for Tertiary Education.
au1352