✨ Government Guarantor Details
30 AUGUST 2013 NEW ZEALAND GAZETTE, No. 121 3343
legislation, regulations or other documents that set out the terms and conditions of the government guarantee.
(4) A statement on how to obtain the most recent audited financial statements of the government guarantor, for example, via an Internet site maintained by or on behalf of the government guarantor.
(5) The government guarantor’s issuer credit ratings in respect of its long term obligations payable in the currency of its jurisdiction and for each rating—
(a) the name of the person who gave the credit rating;
(b) the current rating and all qualifications to that rating;
(c) each change made to the rating in the 2 years immediately before the balance date and the date on which that change occurred; and
(d) descriptions or explanations of all steps in the applicable rating scales.
10 Details of obligations guaranteed by government guarantors
(1) A description of the obligations guaranteed by the government guarantor.
(2) A statement on whether or not there are any limits on the amount of the obligations guaranteed and, if so, a brief summary of the nature of those limits.
(3) A statement on whether or not there are any material conditions applicable to the guarantee other than non-performance by the principal obligor and, if so, a brief summary of those conditions.
(4) If the government guarantee has an expiry date,—
(a) a statement of the date the guarantee expires; and
(b) if the registered bank has an option to roll over or renew the guarantee, a statement explaining that option.
11 Material cross guarantees
(1) If a person has entered into a material cross guaranteeing arrangement with the registered bank that relates to the branch, the matters set out in subclauses (2) and (3).
(2) A description of the guaranteeing group and the nature of the cross guaranteeing arrangement.
(3) The matters required to be disclosed under subclauses (2) to (6) of clause 8 as if those provisions applied to:
(a) the guarantees of the obligations of the registered bank that relate to the branch; and
(b) the guarantees the registered bank has given in respect of the person’s obligations.
12 Directors
(1) An address to which communications to the directors, the New Zealand chief executive officer, and responsible persons (if any), may be sent.
(2) The name, occupation(s) (separately identifying which is the primary occupation), technical or professional qualifications, and country of residence of each director, the New Zealand chief executive officer, and each responsible person.
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NZ Gazette 2013, No 121
✨ LLM interpretation of page content
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Details of government guarantors
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💰 Finance & Revenue30 August 2013
Government guarantors, Financial statements, Credit ratings, Obligations, Cross guarantees, Directors