As filed with the Securities and Exchange Commission on June 20, 2008
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 18-K/A
AMENDMENT NO. 1
to
ANNUAL REPORT
of
HER MAJESTY THE QUEEN
IN RIGHT OF NEW ZEALAND
(Name of Registrant)
Date of end of last fiscal year: June 30, 2007
SECURITIES REGISTERED
(As of the close of the last fiscal period)
Title of Issue
| | Amounts as to which registration is effective | | Names of exchanges on which registered |
Twenty-five Year 9 7/8% Bonds Due January 15, 2011 | | US$150,000,000
| | New York Stock Exchange
|
Name and address of person authorized to receive notices and communications from the Securities and Exchange Commission:
HER EXCELLENCY MS. ROSEMARY BANKS
Permanent Representative
of the New Zealand Permanent Mission
to the United Nations
One United Nations Plaza
25th Floor
New York, NY 10017
Copies to:
JOHN E. ESTES
Sullivan & Cromwell
101 Collins Street
Melbourne, Victoria 3000
Australia
EXPLANATORY NOTE
The undersigned registrant hereby amends its Annual Report on Form 18-K for the fiscal year ended June 30, 2007 (the “Annual Report”) by filing the following additional exhibits.
Exhibit (e)(1) – 2008 Minister’s Executive Summary
Exhibit (e)(2) – 2008 Budget Speech
Exhibit (e)(3) – 2008 Fiscal Strategy Report
Exhibit (e)(4) – 2008 Budget Economic and Fiscal Update
Information contained in or otherwise accessible through the Internet sites mentioned in the exhibits to the Annual Report on Form 18-K, as amended, does not form a part of the Annual Report. All references to Internet sites are for informational purposes only.
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Amendment to New Zealand’s Annual Report on Form 18-K/A to be signed on its behalf by the undersigned, thereunto duly authorized, at New York, New York on the 20th day of June, 2008.
| HER MAJESTY THE QUEEN IN RIGHT OF NEW |
| ZEALAND |
| |
| |
| By | /s/ Rosemary Banks |
| | HER EXCELLENCY MS. ROSEMARY BANKS |
| | Permanent Representative |
| | New Zealand Permanent Mission |
| | to the United Nations |
| | |
| |
| By | /s/ Kirsty Graham |
| | KIRSTY GRAHAM |
| | Deputy Permanent Representative |
| | New Zealand Permanent Mission |
| | to the United Nations |
| | | |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
HER MAJESTY THE QUEEN
IN RIGHT OF NEW ZEALAND
EXHIBITS
to
FORM 18-K
ANNUAL REPORT
UNDER THE
SECURITIES EXCHANGE ACT OF 1934
FILED AS PART OF THE
FORM 18-K/A
AMENDMENT NO. 1
to the
ANNUAL REPORT
EXHIBIT VOLUME
Exhibit Index to the Form 18-K/A Amendment No. 1
The undersigned hereby amends its Annual Report on Form 18-K for the fiscal year ended June 30, 2007 (the “Annual Report”) by filing the following additional exhibits.
Exhibit (e)(1) – 2008 Minister’s Executive Summary
Exhibit (e)(2) – 2008 Budget Speech
Exhibit (e)(3) – 2008 Fiscal Strategy Report
Exhibit (e)(4) – 2008 Budget Economic and Fiscal Update
B.2 & B.3
Budget 2008
· Minister’s Executive Summary
· Speech
· Fiscal Strategy Report
· Economic and Fiscal Update
978-0-478-33008-3 (Print)
978-0-478-33009-0 (Online)
Contents
Minister’s Executive Summary
Budget Speech
Fiscal Strategy Report
Summary | |
The Government’s Fiscal Strategy | |
Gross Sovereign-Issued Debt | |
Consistency of Budget 2008 with Long-Term Objectives and Short-Term Intentions | |
Conclusion | |
Annex 1: Long-Term Fiscal Objectives and Short-Term Fiscal Intentions | |
Annex 2: Projection Assumptions | |
Annex 3: Revenue Strategy | |
| |
Budget Economic and Fiscal Update | |
| |
Statement of Responsibility | |
| |
Summary | |
Economic Outlook | |
Fiscal Outlook | |
Economic and Fiscal Forecasts – Finalisation Dates and Key Assumptions | |
| |
Economic and Tax Outlook | |
| |
Introduction | |
Recent Economic and Tax Developments | |
Economic and Tax Outlook | |
External Factors | |
Domestic Factors | |
Personal Income Tax Cuts | |
Fiscal Policy and the Macroeconomy | |
| |
Fiscal Outlook | |
| |
Introduction | |
Core Crown vs Total Crown | |
Revenue and Expenses | |
Inland Revenue Tax Forecasts | |
Tax Policy Changes | |
Surpluses | |
Cash Position | |
Debt | |
NZS Fund | |
Risks to Fiscal Forecasts | |
| |
Risks and Scenarios | |
| |
Introduction | |
Economic Risks | |
Economic Scenario | |
Fiscal Scenarios | |
Fiscal Sensitivities | |
| |
Specific Fiscal Risks | |
| |
Introduction | |
Charges against Future Budgets | |
Specific Fiscal Risks | |
Contingent Liabilities | |
| |
Generally Accepted Accounting Practice (GAAP) Series Tables | |
| |
Forecast Financial Statements | |
Statement of Accounting Policies and Forecast Assumptions | |
Reporting Entity as at 9 May 2008 | |
Forecast Financial Statements | |
Notes to the Forecast Financial Statements | |
| |
Core Crown Expense Tables | |
| |
Glossary of Terms | |
Times Series of Fiscal and Economic Indicators | |
Other Information
On the Treasury’s website is a series of other information that contains detailed economic forecast tables and additional financial information. This information provides users of the Budget Economic and Fiscal Update 2008 with further detail and should be read in conjunction with the published document. It can be accessed at:
http://www.treasury.govt.nz/budget/forecasts/befu2008