New Zealand Local Government Funding Agency Limited and TEL Security Trustee (LGFA) Limited

Ryan made this Official Information request to Simeon Brown

Currently waiting for a response from Simeon Brown, they must respond promptly and normally no later than (details and exceptions).

From: Ryan

Simeon BROWN,

The New Zealand Government holds an 11.1% shareholding of the New Zealand Local Government Funding Agency Limited which was legislated under the Local Government Borrowing Act to borrow to and from councils around the country.

1. Please provide information showing how much revenue has been received to the New Zealand Government as shareholder through the LGFA, as a total for each and every year since 2011 through to the most recent financial year returned.

2. Please provide the most recent New Zealand Government financial reporting and accounts for the most recent 10 year plan available showing LGFA revenue forecast as revenue to the government across the next decade.

3. The NZ Local Government Funding Agency Limited has entered into a Trust Security Deed with 'TEL Security Trustee (LGFA) Limited' which has shareholder entity 'Trustees Executors Limited' with shareholder 'Trustees Executors Holdings Limited' held in shares by 'Sterling Grace (NZ) Limited' with the shareholder T E A Nominees Limited which is owned by previous shareholders 'Trustees Executors Holdings Limited' so please provide full details and information as to the beneficial owners of this entity acting as security trustee for council loans.

I look forward to a comprehensive response in full.

Ryan

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From: Simeon Brown (MIN)
Simeon Brown

Thank you for contacting Hon Simeon Brown MP, Minister of Transport,
Minister of Local Government, Minister for Energy and Minister for
Auckland.

Hon Simeon Brown considers all correspondence important and appreciates
you taking the time to write. As the Minister receives a large amount of
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Thank you for the taking the time to write.

Kind regards,
[cid:image001.jpg@01DA43A9.6D8F41D0]
Office of Hon Simeon Brown MP
Minister of Transport, Minister of Local Government, Minister for Energy,
Minister for Auckland
Email: [Simeon Brown request email]
Website: www.Beehive.govt.nz
Private Bag 18041, Parliament Buildings, Wellington 6160, New Zealand

Authorised by Hon Simeon Brown MP, Parliament Buildings, Wellington

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From: Simeon Brown (MIN)
Simeon Brown

Dear Ryan

Thank you for your Official Information Act 1982 (the Act) request, received on 07/05/2024, in which you requested the following information:

1. Please provide information showing how much revenue has been received to the New Zealand Government as shareholder through the LGFA, as a total for each and every year since 2011 through to the most recent financial year returned.

2. Please provide the most recent New Zealand Government financial reporting and accounts for the most recent 10 year plan available showing LGFA revenue forecast as revenue to the government across the next decade.

3. The NZ Local Government Funding Agency Limited has entered into a Trust Security Deed with 'TEL Security Trustee (LGFA) Limited' which has shareholder entity 'Trustees Executors Limited' with shareholder 'Trustees Executors Holdings Limited' held in shares by 'Sterling Grace (NZ) Limited' with the shareholder T E A Nominees Limited which is owned by previous shareholders 'Trustees Executors Holdings Limited' so please provide full details and information as to the beneficial owners of this entity acting as security trustee for council loans.

Your request will be answered within the provisions of the Official Information Act.

Kind regards,
Office of Hon Simeon Brown

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