New Zealand: Bonds qualifying for reduced 0% AIL on interest

Further to our Announcement A12102, dated 22 May 2012, concerning the Approved Issuer Levy (AIL) rate on interest, which has been reduced to 0% for certain “qualifying” bonds, we are pleased to provide Clearstream Banking¹ customers with a list² of the securities that qualify for the 0% rate:

Note: This list was obtained from our local depository and is provided here for information purposes only. We do not guarantee that this information is complete or accurate. Clearstream Banking does not assume liability for any damages, direct or indirect, that may arise from the reliance on or the use of this information.

Impact on customers

Eligible non-resident beneficial owners who have elected for the AIL to apply may, upon submission of the required documentation, benefit from the 0% rate on future interest payments paid on the qualifying securities.

Customers will be informed of the applicable withholding tax rate via the notification message sent before the respective income payment.

We continue to monitor the situation and will provide additional information as soon as it is available.

Further information

For further information, please contact the Clearstream Banking Tax Help Desk on:

or Clearstream Banking Customer Service or your Relationship Officer.

1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in the Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500 (CBF) and Clearstream Banking, société anonyme, registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Register of Commerce and Companies under number B-9248 (CBL).
2. From Computershare Investor Services Ltd, registrar for the securities.

Note: This document is a Governing Document as defined in Clearstream Banking’s General Terms and Conditions and can be amended from time to time as per Article 62 of Clearstream Banking’s General Terms and Conditions.