New Zealand Legislation: Regulations

5 Interpretation

• (1) In this notice, unless the context otherwise requires,—

  Act means the Financial Reporting Act 1993

  exempt person means a subsidiary of Fisher that—

  • (a) would, but for this notice, be a recipient of money from a conduit issuer (within the meaning of section 4A of the Act) by virtue of receiving 10% or more of the money that has been raised by Fisher by the issue of debt securities offered to the public (the debt securities); and

  • (b) is part of the guaranteeing group

  Fisher means Fisher & Paykel Finance Limited

  guaranteeing group means the group comprising—

  • (a) Fisher; and

  • (b) every subsidiary of Fisher that is—

    • (i) unconditionally liable (whether or not jointly or severally with Fisher or any other person) to repay the debt securities; or

    • (ii) liable to repay the debt securities subject only to the condition that Fisher or any other person has failed to do so

  NZ IFRS 7 means the financial reporting standard known as the New Zealand Equivalent to International Financial Reporting Standard 7 (Financial Instruments: Disclosures) that has been approved under the Act

  prospective investor, in relation to a debt security, means any person who, under the terms of issue of the debt security, is eligible to subscribe for the debt security.

  (2) Any term or expression that is defined in the Act and used, but not defined, in this notice has the same meaning as in the Act.