(1) In this notice, unless the context otherwise requires,—
company means TCNZ Finance Limited
consolidated financial statements means, at any date, the latest publicly available consolidated financial statements of the Telecom group prepared in accordance with generally accepted accounting practice and on a basis consistent with the most recent audited consolidated financial statements of the Telecom group, except to the extent (if any) expressly disclosed in the notes to those statements or otherwise disclosed
generally accepted accounting practice has the meaning given to that term by section 3 of the Financial Reporting Act 1993
guaranteeing group, in relation to specified debt securities, means the group comprising—
guaranteeing subsidiary, in relation to specified debt securities, means a subsidiary of Telecom that—
non-guaranteeing subsidiary means a subsidiary of Telecom which is not a guaranteeing subsidiary
specified debt securities means debt securities of which the company is the issuer and which are guaranteed only by Telecom and 1 or more of its subsidiaries
subsidiary means a subsidiary of Telecom within the meaning of section 5 of the Companies Act 1993, and includes any other entity the financial statements of which are required to be consolidated with the financial statements of Telecom in accordance with generally accepted accounting practice
Telecom means Telecom Corporation of New Zealand Limited
Telecom group means, at any time, Telecom and each of its subsidiaries and its associates (as determined in accordance with generally accepted accounting practice) at that time.
(2) Any term or expression that is defined in the Act or the Regulations and used, but not defined, in this notice has the meaning given to it by the Act or the Regulations.