28 JULY 2011 NEW ZEALAND GAZETTE, No. 113 3205

"I, The Honourable Simon William English, Minister of Finance, on behalf of the Crown, specify that the terms and conditions on which guarantees or indemnities may be given under section 125I(2) of the Act must provide that:

• Any indemnity provided will take the form of a loss sharing agreement.
• If a participating lender makes loans to eligible owners for the repair of residential dwellings that are not weathertight, and suffers a loss on the sale of the property, then the Crown will bear a share of those losses.
• The share of the loss will be reflective of the amount owing in respect of the repair loan at the date the loss arises as a proportion of the total amount owing at that date and which is also secured by a mortgage over the residential dwelling.
• The Crown support period for a loan which is or includes a repair loan applies for a maximum period of ten years from the last drawing down of the repair loan.
• The amount the Crown is obliged to pay the lender shall be reducible in certain circumstances where standards specified in the loss sharing agreement have not been met.
• The lender will be required to comply with reasonable loan related policies and standards which in the lender’s opinion appropriately address the particular circumstances of repair loans, the homeowner and the affected residential dwelling.
• The loss sharing agreement may include such other terms and conditions as are considered necessary or desirable by the Minister for Building and Construction, including to give effect to the following matters: the making of claims, the maintenance of records by the lender, lender reporting, Crown audit rights, and dispute resolution."

Dated at Wellington this 25th day of July 2011.

HON SIMON WILLIAM ENGLISH, Minister of Finance.

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Statement in Relation to Types Of and Criteria For Financial Institutions Under the Weathertight Homes Resolution Services Act 2006

Pursuant to section 125J of the Weathertight Homes Resolution Services Act 2006 ("the Act"), the Minister of Finance makes the following statement:

"I, The Honourable Simon William English, Minister of Finance, on behalf of the Crown, specify that guarantees and indemnities may be given under section 125I(2) of the Act in respect of:

• Banks registered in accordance with the Reserve Bank of New Zealand Act 1989."

Dated at Wellington this 25th day of July 2011.

HON SIMON WILLIAM ENGLISH, Minister of Finance.

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Transport

Land Transport Management Act 2003

Notice Under the Land Transport Management Act 2003

Pursuant to section 108 of the Land Transport Management Act 2003, notice is hereby given that the Government Policy Statement on Land Transport Funding 2012/13–2021/22 (GPS) is now publicly available.

A copy of the GPS can be viewed and downloaded at

www.transport.govt.nz

Copies can be ordered free of charge by mail from the Ministry of Transport, PO Box 3175, Wellington 6140 (please quote title).

A copy can also be viewed at the Ministry of Transport, Level 6, 89 The Terrace, Wellington.

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Authorities and Other Agencies of State Notices

Civil Aviation Authority of New Zealand

Civil Aviation Act 1990

Airworthiness Directives

Pursuant to section 72I(3A) of the Civil Aviation Act 1990, I, Owen Olls, Airworthiness Specialist, acting under a delegation from the Director of Civil Aviation, hereby issue the following airworthiness directives in respect of aircraft or aeronautical products.

These airworthiness directives shall come into force on 28 July 2011:

DCA/BLAN/15 DCA/CRESCO/17 DCA/EC130/27A DCA/EMY/38A
DCA/FU24/180 DCA/MICRO/15

These emergency airworthiness directives came into force on:

DCA/BELL407/50 2 July 2011
DCA/BELL412/15 7 July 2011
DCA/R22/47 7 July 2011
DCA/R44/29 7 July 2011