New Zealand Legislation: Regulations

7 Conditions

• The exemption in clause 6 is subject to the conditions that—

  • (a) group financial statements for the guaranteeing group are prepared in accordance with the Act; and

  • (b) the group financial statements referred to in paragraph (a)—

    • (i) comply with NZ IFRS 7 (including Appendix E of that standard); and

    • (ii) are audited in accordance with the Act; and

  • (c) copies of the group financial statements referred to in paragraph (a) and a copy of the auditor’s report on those statements are delivered to the Registrar for registration in accordance with the Act; and

  • (d) Fisher will, within 5 working days of receiving a request from a holder of a debt security or a prospective investor for a copy of the group financial statements referred to in paragraph (a), without fee, send, or cause to be sent, to that person a copy of those statements together with a copy of the auditor’s report on those statements; and

  • (e) a description or list of the members of the guaranteeing group as at the date of the consolidated statement of financial position forming part of the group financial statements referred to in paragraph (a) is attached to, or contained in, copies of those statements.