20 SEPTEMBER 2012 NEW ZEALAND GAZETTE, No. 116 3367

(6) The expected value method in section EW 15F may be used to allocate income and expenditure (other than “non-contingent fees” as defined in section YA 1) over the term of the Swaps, provided that the Swaps are not treated under IFRS by the Company as a hedge of other financial arrangements for each of which the Company uses the “fair value method” (as defined in section YA 1). None of the mandatory spreading methods in section EW 15H or section EW 15I applies to the Swaps.

(7) The expected value method in section EW 15F may be used to allocate income and expenditure (other than “non-contingent fees” as described in section YA 1) in respect of any New Swaps over the term of the relevant New Swap, provided that the terms of any New Swaps are materially similar to the terms of the Swaps, and further provided that the New Swaps are not treated under IFRS by the Company as a hedge of other financial arrangements for each of which the Company uses the “fair value method” (as defined in section YA 1). None of the mandatory spreading methods in section EW 15H or section EW 15I applies to the New Swaps. This determination paragraph does not affect the Company’s obligation to perform base price adjustments under section EW 31 in respect of the Swaps and New Swaps.

(8) Determination G3: Yield to maturity may be used to allocate the income and expenditure (other than “non-contingent fees” as defined in section YA 1) of the Notes (under section EW 15I if Holdings treats the Notes, in part, as an equity instrument under IFRS, or under section EW 15E if not).

(9) If interest payable under the Notes is capitalised in accordance with the terms of the Notes, Holdings must apply the method set out in Determination G25: Variations in the Terms of a Financial Arrangement to calculate income or expenditure under the Notes in the year of variation and subsequent years.

(10) This determination does not determine the method that is applied to determine the income derived or expenditure incurred in respect of the investment support represented by LCs and/or cash collateral in the ECAs.

7. Example
   This example illustrates the application of the method set out in this determination.
   This example is based on the following parameters:

Commencement of Construction Phase 1 April 2013
Completion of Construction Phase 31 March 2017
Completion of Services Phase 31 March 2042
Construction Payment from the Crown $1,000
Aggregate payments to the Contractor ($850)
Lease Prepayment ($1,000)
Monthly payments from the Crown under the Services Phase $30
Monthly payments to the Service Provider ($15)
Annual interest on the Senior Debt ($85)
Annual interest on the Shareholder Pre-subscription Loan ($7)
Annual interest (and inflation adjustment) on the Notes ($15)
Annual net payments in respect of the Swaps ($7)

The Company is not required to spread any amounts under the financial arrangements rules in respect of the Lease, Construction Phase of the Project Agreement, Services Phase of the Project Agreement, Construction Agreement, Operation and Maintenance Contract, or Asset Management Agreement.

The amounts that must be spread under the financial arrangement rules are:

• interest on the Senior Debt calculated in accordance with the IFRS financial reporting method in section EW 15D;
• interest on the Shareholder Pre-subscription Loan calculated in accordance with Determination G3: Yield to maturity;
• interest on the Notes calculated in accordance with Determination G3: Yield to maturity; and
• payments in respect of the Swaps calculated in accordance with the expected value method in section EW 15F.

This Determination is signed by me on the 27th day of August 2012.

HOWARD DAVIS, Director (Taxpayer Rulings).

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Internal Affairs

Marriage Act 1955

Marriage (Approval of Organisations) Notice No. 20

Pursuant to the Marriage Act 1955, the Registrar-General of Marriages hereby gives notice as follows.

Notice

1. This notice may be cited as the Marriage (Approval of Organisations) Notice No. 20.

2. The organisations specified in the Schedule hereto are hereby declared to be approved organisations for the purpose of the Marriage Act 1955.

Schedule

Light Of All Nations Ministries International.
Siasi Uesiliana Kalisitiane Tonga ’I Nu’u Silá.

Dated at Wellington this 20th day of September 2012.

B. E. CLARKE, Registrar-General.

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Marriage (Approval of Organisations) Notice No. 21

Pursuant to the Marriage Act 1955, the Registrar-General of Marriages hereby gives notice as follows.

Notice

1. This notice may be cited as the Marriage (Approval of Organisations) Notice No. 21.

2. The organisations specified in the Schedule hereto are hereby declared to be approved organisations changing their names for the purpose of the Marriage Act 1955.