NEW ZEALAND GAZETTE, No. 108 — 24 NOVEMBER 2016

• the benefits of compliance are limited because of the limited scale of the FMCA custodial services provided by GT Nominees, including in particular the low value of the assets held, noting also that, pursuant to the Custodian Regulations, GT Nominees must still provide information to investors about client money and client property received, held, or paid;
• the limited scale of the FMCA custodial services being provided by GT Nominees, and in particular the low value of the assets held, means that the cost of obtaining an assurance report, as otherwise required by Regulation 9 of the Custodian Regulations, would be disproportionate in the context of risks and benefits, and would therefore be unreasonable or not justified by the benefits of compliance; and
• the portfolios to which the FMCA custodial services relate have been in wind-up since 2013. It is envisaged that the wind-up will be completed in 2017. The exemption facilitates the continued orderly wind-up of the portfolios, and incurring the costs of an assurance report would be unreasonable or not justified in the context of a portfolio that is in its last stages of being wound-up with a relatively low level of remaining assets. This is reflected in the duration of the exemption and the conditions of the exemption.

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.

2016-au6620

Notice of Revocation of Approved Code of Practice for Managing Hazards to Prevent Major Industrial Accidents

In accordance with section 223 of the Health and Safety at Work Act 2015, WorkSafe New Zealand (“WorkSafe”) gives notice that the Minister for Workplace Relations and Safety has revoked the Approved Code of Practice (ACOP) for Managing Hazards to Prevent Major Industrial Accidents. This revocation will come into force 28 days after the date of publication of this notice.

This ACOP has been superseded by the new Health and Safety at Work (Major Hazard Facilities) Regulations 2016 and five new guidelines supporting major hazard facilities operators, available on WorkSafe’s website
www.worksafe.govt.nz

Dated at Wellington this 24th day of November 2016.

HELEN HANIFY, Acting Manager, Guidance and Education Development, WorkSafe New Zealand.

2016-au6624

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, during the period from 11 October 2016 and 27 October 2016 inclusive, of the following exemptions:

• 9 from Maritime Rule 19.3 – Maritime Transport Operator – Certification and Responsibilities – Requirement to hold Maritime Transport Operator Certificate
• 9 from Maritime Rule 19.41 – Maritime Transport Operator – Certification and Responsibilities – Maritime Transport Operator Plan requirements
• 9 from Maritime Rule 19.42(1) – Maritime Transport Operator – Certification and Responsibilities – Develop and document maritime transport operator safety system in the Maritime Transport Operator Plan
• 9 from Maritime Rule 19.43(1) – Maritime Transport Operator – Certification and Responsibilities – Develop and apply a survey plan

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