New Zealand Gazette – 2012 – No. 26

Page 762

✨ Financial Arrangements Rules



NEW ZEALAND GAZETTE, No. 26

1 MARCH 2012

This Determination is signed by me on the 10th day of October 2011.

M. A. SMITH, Chief Tax Counsel.

Appendix 1: Expenditure for the first two income years

Interest Period Interest payment date Principal amount CPI Adjustment New Principal Amount Interest (4%) CPI Adjustment plus Interest Annual Cumulative Total
Jul-11 1-Aug-11 100,000,000.00 338,797.81 338,797.81 338,797.81
Aug-11 1-Sep-11 100,000,000.00 338,797.81 338,797.81 677,595.63
Sep-11 1-Oct-11 100,000,000.00 327,868.85 327,868.85 1,005,464.48
Oct-11 1-Nov-11 100,000,000.00 500,000.00 100,500,000.00 340,491.80 840,491.80 1,845,956.28
Nov-11 1-Dec-11 100,500,000.00 329,508.20 329,508.20 2,175,464.48
Dec-11 1-Jan-12 100,500,000.00 340,491.80 340,491.80 2,515,956.28
Jan-12 1-Feb-12 100,500,000.00 502,500.00 101,002,500.00 342,194.26 844,694.26 3,360,650.55
Feb-12 1-Mar-12 101,002,500.00 320,117.21 320,117.21 3,680,767.76
Mar-12 1-Apr-12 101,002,500.00 342,194.26 342,194.26 4,022,962.02
Apr-12 1-May-12 101,002,500.00 505,012.50 101,507,512.50 332,811.52 837,824.02 4,860,786.04
May-12 1-Jun-12 101,507,512.50 343,905.23 343,905.23 5,204,691.27
Jun-12 1-Jul-12 101,507,512.50 332,811.52 332,811.52 5,537,502.79

2012 income year – total expenditure under the financial arrangements rules

| Jul-12 | 1-Aug-12 | 101,507,512.50 | 507,537.56 | 102,015,050.06 | 346,571.68 | 854,109.24 | 1,200,680.92 |
| Aug-12 | 1-Sep-12 | 102,015,050.06 | | | 346,571.68 | 346,571.68 | 1,547,252.60 |
| Sep-12 | 1-Oct-12 | 102,015,050.06 | | | 335,391.95 | 335,391.95 | 1,882,644.55 |
| Oct-12 | 1-Nov-12 | 102,015,050.06 | 510,075.25 | 102,525,125.31 | 348,304.54 | 858,379.79 | 2,741,024.34 |
| Nov-12 | 1-Dec-12 | 102,525,125.31 | | | 337,068.91 | 337,068.91 | 3,078,093.25 |
| Dec-12 | 1-Jan-13 | 102,525,125.31 | | | 348,304.54 | 348,304.54 | 3,426,397.79 |
| Jan-13 | 1-Feb-13 | 102,525,125.31 | 512,625.63 | 103,037,750.94 | 350,046.06 | 862,671.68 | 4,289,069.47 |
| Feb-13 | 1-Mar-13 | 103,037,750.94 | | | 316,170.63 | 316,170.63 | 4,605,240.10 |
| Mar-13 | 1-Apr-13 | 103,037,750.94 | | | 350,046.06 | 350,046.06 | 4,955,286.16 |
| Apr-13 | 1-May-13 | 103,037,750.94 | 515,188.75 | 103,552,939.69 | 340,448.02 | 855,636.78 | 5,810,922.94 |
| May-13 | 1-Jun-13 | 103,552,939.69 | | | 351,796.29 | 351,796.29 | 6,162,719.23 |
| Jun-13 | 1-Jul-13 | 103,552,939.69 | | | 340,448.02 | 340,448.02 | 6,503,167.25 |

2013 income year – total expenditure under the financial arrangements rules

Appendix 2: Expenditure in the extended period

Interest Period Interest payment date Principal amount CPI Adjustment New Principal Amount Interest (5%) CPI Adjustment plus Interest Annual Cumulative Total
Jul-21 1-Aug-21 121,472,063.33 607,360.32 122,079,423.65 518,419.47 1,125,779.79 1,125,779.79
Aug-21 1-Sep-21 122,079,423.65 518,419.47 518,419.47 1,644,199.26
Sep-21 1-Oct-21 122,079,423.65 501,696.26 501,696.26 2,145,895.52
Oct-21 1-Nov-21 122,079,423.65 610,397.12 122,689,820.77 521,011.57 1,131,408.69 3,277,304.20
Nov-21 1-Dec-21 122,689,820.77 504,204.74 504,204.74 3,781,508.95
Dec-21 1-Jan-22 122,689,820.77 521,011.57 521,011.57 4,302,520.52
Jan-22 1-Feb-22 122,689,820.77 613,449.10 123,303,269.87 523,616.63 1,137,065.73 5,439,586.24
Feb-22 1-Mar-22 123,303,269.87 472,944.05 472,944.05 5,912,530.29
Mar-22 1-Apr-22 123,303,269.87 523,616.63 523,616.63 6,436,146.92
Apr-22 1-May-22 123,303,269.87 616,516.35 123,919,786.22 509,259.40 1,125,775.74 7,561,922.66
May-22 1-Jun-22 123,919,786.22 526,234.71 526,234.71 8,088,157.37
Jun-22 1-Jul-22 123,919,786.22 509,259.40 509,259.40 8,597,416.77

2022 income year – total expenditure under the financial arrangements rules

| Jul-22 | 1-Aug-22 | 123,919,786.22 | 619,598.93 | 124,539,385.15 | 528,865.88 | 1,148,464.81 | 1,148,464.81 |
| Aug-22 | 1-Sep-22 | 124,539,385.15 | | | 528,865.88 | 528,865.88 | 1,677,330.70 |
| Sep-22 | 1-Oct-22 | 124,539,385.15 | | | 511,805.69 | 511,805.69 | 2,189,136.39 |
| Oct-22 | 1-Nov-22 | 124,539,385.15 | 622,696.93 | 125,162,082.08 | 531,510.21 | 1,154,207.14 | 3,343,343.53 |
| Nov-22 | 1-Dec-22 | 125,162,082.08 | | | 514,364.72 | 514,364.72 | 3,857,708.25 |
| Dec-22 | 1-Jan-23 | 125,162,082.08 | | | 531,510.21 | 531,510.21 | 4,389,218.46 |
| Jan-23 | 1-Feb-23 | 125,162,082.08 | 625,810.41 | 125,787,892.49 | 534,167.76 | 1,159,978.17 | 5,549,196.63 |
| Feb-23 | 1-Mar-23 | 125,787,892.49 | | | 482,474.11 | 482,474.11 | 6,031,670.74 |



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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2012, No 26




✨ LLM interpretation of page content

💰 Special Determination S19: Mandatory Conversion Convertible Notes with Consumer Price Index Adjustments to Face Value (continued from previous page)

💰 Finance & Revenue
10 October 2011
Tax Administration Act 1994, Financial Arrangements Rules, Convertible Notes, Consumer Price Index, CPI Adjustment, Base Price Adjustment, Deductions, Issuer, Shareholder, MCNs
  • M. A. Smith, Chief Tax Counsel