NEW ZEALAND GAZETTE, No. 31

12 MARCH 2009

Gibson Sheat Lawyers, 1 Margaret Street, Lower Hutt.
Facsimile: (04) 569 0301 (Enquiries to: Paula Campbell).
Email: paula.campbell@gibsonsheat.com
Signed and dated at Lower Hutt this 6th day of March 2009.

GIBSON SHEAT, on Behalf of GE Custodians.

Note: This notice is given by the solicitors for the mortgagee, at the offices of Gibson Sheat, Lawyers, 1 Margaret Street, Lower Hutt. Documents may be:

(a) posted to the solicitor at Gibson Sheat, Lawyers, Private Bag 31905, Lower Hutt; or

(b) left for the solicitor at the document exchange for direction to Gibson Sheat, Lawyers, DX RP 42008; or

(c) transmitted to the solicitor by facsimile to Gibson Sheat, Lawyers. Facsimile: (04) 569 4874.

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GENWORTH FINANCIAL MORTGAGE INSURANCE PTY LIMITED (NEW ZEALAND BRANCH)

Notice of Rating Downgrade

On 27 February 2009, GENWORTH FINANCIAL MORTGAGE INSURANCE PTY LIMITED (NEW ZEALAND BRANCH) had its credit and financial strength ratings downgraded from “AA” to “AA–” by approved ratings agency Standard and Poor’s (Australia) Pty Limited.

This notice is published pursuant to the Insurance Companies (Ratings and Inspections) Act 1994.

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Vice Regal

Cabinet Office

The Royal Victorian Order

His Excellency the Governor-General of New Zealand has announced that The Queen has been pleased on the occasion of Commonwealth Day, to make the following appointment to the Royal Victorian Order.

G.C.V.O.

To be a Knight Grand Cross of the said Order:

The Right Honourable Donald Charles McKINNON O.N.Z., of Pukekohe. Formerly Commonwealth Secretary-General.

Dated at Wellington this 9th day of March 2009.

REBECCA KITTERIDGE, Clerk of the Executive Council.

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Departmental Notices

Economic Development

Commerce Act 1986

Consumer-owned Electricity Suppliers for the Purposes of Section 54D(3) of the Commerce Act 1986

Pursuant to section 54D(3) of the Commerce Act 1986, I state that the names of the suppliers that are consumer-owned (within the meaning of that Act) are:

• Buller Electricity Limited
• Electra Limited
• Marlborough Lines Limited
• Network Waitaki Limited
• Northpower Limited
• The Power Company Limited
• WEL Networks Limited
• Westpower Limited

In accordance with section 54D(4) of the Act, this notice is only for information purposes and has no legal effect.

Dated at Wellington this 1st day of March 2009.

SIMON POWER, Minister of Commerce.

Explanatory Note

This explanatory note is not part of the notice, but it is intended to indicate its general effect.

(a) Section 54D(3) of the Commerce Act 1986 came into force on 14 October 2008 and requires that “as soon as practicable after this subsection comes into force, the Minister must publish a notice in the Gazette stating the names of the suppliers that are consumer-owned as at that date”.

(b) Section 54G, which comes into force on 1 April 2009, provides that all electricity lines services that are supplied by a supplier that is consumer-owned are exempt from the default/customised price-quality regulation (unless an Order in Council has been made in respect of the service under section 54H).

(c) This list of consumer-owned electricity suppliers may change in the future depending on whether they meet the definition of consumer-owned pursuant to section 54D(1).

(d) Section 54D(1), which comes into force on 1 April 2009, states that a supplier is consumer-owned if it meets the following criteria:

(i) All the control rights and all the equity return rights (within the meaning of section 3 of the Electricity Industry Reform Act 1998) in the supplier are held by one or more customer trusts, community trusts, or customer co-operatives; and