Under section 160(3) of the Crown Entities Act 2004, I, Gregory Stuart Gordon Low, Senior Solicitor, the Treasury, give notice that on 20 September 2020, Hon Grant Robertson, Minister of Finance, and Hon Chris Hipkins, Minister of Education, gave approvals under section 160(1)(b) of the Crown Entities Act 2004, in relation to section 162 of that Act, for:
- Takapuna Grammar School Board of Trustees;
- Waterview School Board of Trustees;
to each enter into debt servicing obligations (including finance leases) within specified limits, where the total annual cost of repaying all outstanding borrowings exceeds the limit set by Regulation 12(1) of the Crown Entities (Financial Powers) Regulations 2005.
Dated at Wellington this 24th day of November 2020.
GREGORY STUART GORDON LOW, Senior Solicitor, The Treasury.