Pursuant to section 65ZD(3) of the Public Finance Act 1989, the Minister of Finance makes the following statement:
"On 26 May 2013, I, The Honourable Simon William English, Minister of Finance, on behalf of the Crown, gave an indemnity to the Auditor-General in relation to the costs of defending, paying damages or settling any claims brought against the AuditorðGeneral in any court of law in the United States or Canada or their territories and/or protectorates associated with audit and assurance work in relation to any offer of shares in mixed ownership model companies to overseas investors undertaken in the AuditorðGeneral's name that cannot
be met from insurance or other indemnity and liability arrangements."
Dated at Wellington this 26th day of May 2013.
HON SIMON WILLIAM ENGLISH, Minister of Finance.