NEW ZEALAND GAZETTE, No. 122

9 OCTOBER 2014

2. The amendment comes into force on 24 March 2015, except for clause 3, which comes into force on 6 November 2014.

3. The amendment makes a number of corrections, clarifications and improvements to the Electricity Industry Participation Code 2010 ("Code") as amended by the Electricity Industry Participation (Settlement and Prudential Security) Code Amendment 2013, including:

   (a) provisions to address what actions participants may take to prepare for the new Part 14 and 14A coming into effect, and how certain types of defaults must be managed in the transitional period;

   (b) changes to the settlement provisions, such as standardising the measurement units used in hedge settlement agreements, and the correction of definitions in three formulae;

   (c) changes to the prudential security provisions, such as to the quarterly "adder" used to determine a participant’s exit period prudential requirement, and changes to clarify how prepayments and wash-ups should be treated when calculating minimum security; and

   (d) changes to preserve the effect of amendments made to the Code since the Electricity Industry Participation (Settlement and Prudential Security) Code Amendment 2013 was made.

4. A copy of the amendment and the Code is available on the Authority’s website at www.ea.govt.nz/code-and-compliance/the-code/

5. A copy of the amendment and the Code may also be inspected free of charge or purchased from the

Electricity Authority, Level 7, ASB Bank Tower, 2 Hunter Street, Wellington.

Dated at Wellington this 6th day of October 2014.

DR THOMAS BRENT LAYTON, Chairperson, Electricity Authority.

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Financial Markets Authority

Securities Act 1978

Notice Under Section 70C of the Securities Act 1978

Pursuant to sections 70B and 70D of the Securities Act 1978, the Financial Markets Authority on 3 October 2014 granted the exemption contained in the Securities Act (Tairua Marina) Exemption Amendment Notice 2014.

Copies are available on the Financial Markets Authority’s website

www.fma.govt.nz

Copies are also available for purchase on request to the Financial Markets Authority, Level 2, 1 Grey Street, Wellington, or Level 5, Ernst & Young Building, 2 Takutai Square, Britomart, Auckland, or by post to PO Box 1179, Wellington 6140.

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Maritime New Zealand

Maritime Transport Act 1994

Notice of Exemption From Maritime Rules: 19.3; 19.41; 19.42(1); 19.43(1); 19.45(1); 19.46(1); 19.62(1)

Pursuant to section 47(3) of the Maritime Transport Act 1994, the Director of Maritime New Zealand hereby notifies the granting of the following exemptions:

• 6 from Maritime Rule 19.3 – Maritime Transport Operator – Certification and Responsibilities – Maritime Transport Operator Certificate and maritime transport operator safety system – Requirement to hold Maritime Transport Operator Certificate

• 6 from Maritime Rule 19.41 – Maritime Transport Operator – Certification and Responsibilities – Maritime Transport Operator Plan and maritime transport operator safety system – Maritime Transport Operator Plan and all its requirements

• 6 from Maritime Rule 19.42(1) – Maritime Transport Operator – Certification and Responsibilities – Maritime Transport Operator Plan and maritime transport operator safety system – Maritime transport operator must develop and document a maritime transport operator safety system in the Maritime Transport Operator Plan

• 6 from Maritime Rule 19.43(1) – Maritime Transport Operator – Certification and Responsibilities – Maritime Transport Operator Plan and maritime transport operator safety system – Survey plan – Maritime transport operator must ensure that a survey plan is developed and applied

• 6 from Maritime Rule 19.45(1) – Maritime Transport Operator – Certification and Responsibilities – Maritime Transport Operator Plan and maritime transport operator safety system – Maintenance plan – A maritime transport operator must develop and apply a maintenance plan

• 6 from Maritime Rule 19.46(1) – Maritime Transport Operator – Certification and Responsibilities – Maritime Transport Operator Plan and maritime transport operator safety system – Safety equipment list and spare parts list – A maritime transport operator must ensure that a relevant safety equipment list and a spare parts list, in a form acceptable to the Director, are developed for each ship in the maritime transport operation

• 6 from Maritime Rule 19.62(1) – Maritime Transport Operator – Certification and Responsibilities – Operating Requirements – Maritime transport operator responsible for safe ships – No person may operate or permit the operation of a ship in the maritime transport operation unless the ship has a valid Certificate of Survey issued under rule 44.41

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