auckland council investments limited...

Auckland Council Investments Limited Meeting of Auckland Council Investments Limited

to be held at 11.30am on Wednesday 2 July 2014, in the Board Room, Level 9,

Bledisloe House, 24 Wellesley Street, Auckland City.

AGENDA

1. Apologies

2. Disclosures of Interest

3. Minutes of the meetings held on 4 June 2014 - Public meeting - Board meeting - Audit Committee

4. Matters Arising

5. Ports of Auckland (The POAL Board will be present from 12:00)

6. Auckland International Airport

7. Auckland Film Studios

8. Diversified Financial Assets

9. Finance Report

10. Auckland Council

11. Board Meeting Dates and Work Plan Date of next meeting – 6 August at 11.30am

NOTE: Part of the meeting will be open to the public. Each item in the attached papers has been marked to indicate whether it will be confidential or open. The meeting will commence in open mode and items not marked as confidential will be discussed. When those have been completed, the meeting will go into confidential mode and the confidential items discussed. The non-confidential session of the board meeting is open to the public. Members of the public who wish to speak at the meeting are requested to contact the Chief Executive ([email protected]) in advance of the meeting, to obtain approval. Such requests are granted at the discretion of the Chairman and, if approved, are for up to five minutes per item.

Board meeting details and non-confidential reports and minutes are published on the website http://www.aucklandcouncil.govt.nz/EN/AboutCouncil/meetings_agendas/cco/Pages/investments_limited.aspx

http://www.aucklandcouncil.govt.nz/EN/AboutCouncil/meetings_agendas/cco/Pages/investments_limited.aspx

CONFIDENTIAL AGENDA

This part of the meeting is NOT open to members of the public and will begin when the open agenda has been completed. The items below have been classified as confidential.

1. To protect the privacy of natural persons. 2. To protect information which is subject to an obligation of confidence where making that

information available would be likely to prejudice the supply of similar information or information from the same source.

3. To maintain the effective conduct of public affairs through the free and frank expression of opinions between employees and directors.

4. To enable the board to carry out, without prejudice or disadvantage, commercial activities.

5. To enable ACIL to carry out negotiations without prejudice or disadvantage.

Matters to be reviewed include:

Disclosures of Interest (part)

Minutes of the Meetings held on 4 June 2014

Audit Committee Board (part)

Matters arising Risk register Minutes

Ports of Auckland Industrial dispute Health and Safety RMA applications Investments Capital Structure Directors SCI

Diversified Financial Assets Portfolio Market Commentary Distribution

Finance Redeemable Preference Shares Taxation AIAL return of capital

Report to the Board of Auckland Council Investments Limited

Subject: Disclosures of Interest

Date: 25 June 2014

Section 140 of the Companies Act 1993 requires a Director to disclose that he or she is

interested in a transaction or proposed transaction with the company forthwith after becoming

aware of that. A general notice entered in the Interests Register and disclosed to the Board

that a Director is a shareholder, director, officer or trustee of another named company or

person and is to be regarded as interested in any transaction with that company or person is

sufficient disclosure of that interest. In addition, Directors may wish to disclose other interests

that they consider relevant.

Current disclosures in relation to the Companies Act 1993 and other disclosures are:

Name of Director

having interest

Section 140 Companies Act 1993 disclosures

Simon Allen Chairman:

Airport Shares (Auckland) Limited

Airport Shares (Manukau) Limited

Crown Fibre Holdings Limited

Financial Markets Authority

Director:

Snowvision Limited

St Cuthbert’s College – Deputy Chairman

Xylem Investments Limited

Brian Corban

CNZM,QSO

Chairman/Shareholder:

Corban Consultants Ltd

Corban Mulcaster Vineyard Ltd

Lindsay Corban Associates Ltd

Ngatarawa Wines Ltd

Consultant:

Baldwins Intellectual Property

Baldwins Law

Church of Melanesia Interim Management Board

Corban Revell Lawyers

Chairman:

Corban Estate Arts Centre

Graham Dingle Foundation

Melanesian Mission Trust Board

Royal New Zealand Navy Museum

West Auckland Trust Services Ltd

Name of Director

having interest


Brian Corban

CNZM,QSO cont.

Patron:

Falls Hotel Preservation Trust

Henderson Heritage Trust

Waitakere City Brass Band

Trustee:

West Auckland Hospice Foundation Trust

Member:

Auckland Museum Council

Committee for Auckland

New Zealand Advisory Council – Church of Melanesia

Candis Craven

ONZM

Chair:

Cognition Education Trust Limited

Royal New Zealand Ballet

Director:

Auckland Regional Amenities Funding Board

Philanthropy NZ

Managing Director:

Niger Holdings Limited

Miriam Dean

CNZM,QC

Chair:

Banking Ombudsman Scheme

Legal Aid Advisory Board to the Ministry of Justice

NZ On Air

Director:



Crown Fibre Holdings Limited

Trustee:

Royal New Zealand Ballet

Past President:

New Zealand Bar Association

Diana Puketapu Chair:

Netball Waitakere

Director:

Aotearoa Credit Union

Auckland Football Federation

Manawanui In Charge

Public Trust

World Masters Games 2017 Limited

Name of Director

having interest


Member:

Unitec Finance & Accounting Advisory Board

In addition, each director has an interest in the deed of indemnity between each director and the company dated 13 February 2013.

Recommended by

Gary Swift

Chief Executive

1

Auckland Council Investments Limited

Minutes of the public meeting of the Directors of Auckland Council Investments

Limited held on Wednesday, 4 June 2014, commencing at 11.30 am in the Board

Room, Level 9, Bledisloe House, 24 Wellesley Street, Auckland City

Directors: Simon Allen, Chairman

Miriam Dean; CNZM; QC

Candis Craven; ONZM

Diana Puketapu

In Attendance: Gary Swift (Chief Executive)

Konstantin Babiy (Business Analyst)

Catherine Syme (Principal Advisor, CCO Governance & External

Partnerships)

Present:

Leave of absence:

One member of the public

Brian Corban

Public meeting to consider the shareholder’s comments on the Draft Statement of

Intent for 2014/17 (SOI)

The Board received the shareholder’s comments on the draft 2014/17 Statement of Intent

and reviewed the revised SOI.

The public was given an opportunity to ask questions and comment on the revised SOI.

It was moved by D. Puketapu, seconded by M. Dean and resolved, that, the 2014/17

Statement of Intent as revised be approved.

The meeting closed at 11.40 am.

Confirmed as a true and correct record.

Chairman

1

Auckland Council Investments Limited

Minutes of the meeting of the Directors of Auckland Council Investments Limited held

on Wednesday, 4 June 2014, commencing at 11.40 am in the Board Room, Level 9,

Bledisloe House, 24 Wellesley Street, Auckland City

Present: Simon Allen, Chairman

Miriam Dean; CNZM; QC

Candis Craven; ONZM

Diana Puketapu

In Attendance: Gary Swift (Chief Executive)

Leave of Absence:

Konstantin Babiy (Business Analyst)

Brian Corban

The meeting commenced in open session.

1. Disclosures of Interest

Directors’ disclosures of interest were received.

2. Minutes

It was moved by D. Puketapu, seconded by M. Dean and resolved that, the minutes of the

Board meeting held on 7 May 2014 as amended be confirmed as a true and correct record.

3. Ports of Auckland

The Board noted that the report by PwC on POAL’s capital structure was expected to be

available in June for ACIL to review.

The Board noted that submissions on the Council’s Unitary Plan would be available on the

Council’s website from middle of June.

4. Auckland International Airport

The Board noted the AIAL statistics for the period to April 2014.

2

5. Diversified Financial Assets Portfolio

The Board received the DFA report for April 2014 showing that performance for the month of

1.0% was below the reference portfolio return of 1.4% and that the year-to-date return of

9.9% was also below the reference portfolio return of 10.5%.

6. Finance Report

The Board received the Finance Report for April 2014 and the year to date noting that the

year-to-date after tax surplus for the Semi-group was $155.0 million (budget $48.1 million);

and the main variances to the budget.

The Board noted ACIL’s approved 2014/15 budget.

7. Auckland Council

The Board noted that at a meeting of Council’s Economic Development Committee on 21

May a motion congratulating ACIL for its recent financial results had been passed.

The open session closed at 12.00 pm.

From this point, the meeting continued in closed session.


Subject: Ports of Auckland Limited

Date: 24 June 2014

1. Unitary Plan

Submissions on the Unitary Plan are available on the Council’s website. A summary of the

submissions is attached. Further submissions on these submissions are due to be filed by

22 July and the hearings of the independent panel commence in September.

2. Port of Tauranga Kotahi and Maersk

A copy of POT’s announcement to the NZX is attached.

Prepared and Recommended by

Gary Swift Chief Executive

Precincts ‐ City Centre ‐ Port ‐ F3.8 Precinct Description, Objectives Policies

Sub#/ Point Name Theme Topic Subtopic Summary

172-1 William D R Currey Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies Make a decision about port development. Goals of the council and the port are incompatible.

1602-78Mahunga Drive Business Association Incorporated Precincts - City Centre Port

F3.8 Precinct Description, Objectives & Policies

Delete and replace Policy 10 to enable the expansion of the Port for productive economic activities, as follows: "10. Provide for further reclamation within the precinct in accordance with Option 2 of the Ports of Auckland Development Proposals (May 2013)."

2004-69Greater East Tamaki Business Association Incorporated Precincts - City Centre Port


Delete and replace Policy 10 to enable the expansion of the Port for productive economic activities, as follows: "10. Provide for further reclamation within the precinct in accordance with Option 2 of the Ports of Auckland Development Proposals (May 2013)."

2466-74Wiri Business Association Incorporated Precincts - City Centre Port


Delete and replace Policy 10 to enable the expansion of the Port for productive economic activities, as follows: 'Provide for further reclamation within the precinct in accordance with Option 2 of the Ports of Auckland Development Proposals (May 2013).'

2555-68Onehunga Business Association Incorporated Precincts - City Centre Port



2733-10 Robin Hay and Terrie Gray Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies Amend provisions so that Ports or Auckland can not do any further reclamation of Waitemata Harbour.

3031-69Rosebank Business Association Incorporated Precincts - City Centre Port



3145-1 Robert Richards Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies Amend Objective 6 to allow Ports of Auckland and Ngati Whatua joint ownership of Marsden Wharf.

3145-17 Robert Richards Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies Amend Policy 2 [in F3.8] to allow for waka berth and launching facilities at Marsden Wharf.

3145-18 Robert Richards Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies

Amend Policy 10 [in F3.8] to allow maximum reclamation as proposed by Ports of Auckland in exchange for extension of Cooks Wharf to that of Bledisloe/Fergusson extension, at their expense allowing joint ownership with Waterfront Auckland.

3263-18 Devonport Heritage Incorporated Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies

Reject further reclamation of the Waitemata Harbour by Ports of Auckland. Amend [Policy 10] to read as follows: Avoid further reclamation within the precinct. See submission for further details [page 22/31 of the submission].

3263-38 Devonport Heritage Incorporated Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies

Request that if Marsden Wharf is to be included in the Port Precinct it be a special sub-precinct or be subject to different zone/overlay rules which reflects its location next to the Central Wharf precinct.

3632-14 Elizabeth M Boyd Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies No further reclamation of the Waitemata Harbour by the Ports of Auckland.

3730-1 New Zealand Maritime Trust Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies Amend to minimise any further wharf development.

3730-2 New Zealand Maritime Trust Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies Amend to minimise any further reclamation.

4125-1 Wendy Bailey Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies Reject further Ports of Auckland expansion into Waitemata Harbour.

4350-1 Nancy Synnestvedt Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies Avoid further reclamation of the Waitemata Harbour by Ports of Auckland.

5137-399 Ports of Auckland Limited Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies

Amend the precinct description to begin with the purpose of the precinct (currently paragraph 3), to set out the strategy of the precinct as being 'to provide a self contained set of provisions that facilitate the ongoing use, development and expansion of the Port of Auckland', to amend the precinct boundaries to include Captain Cook Wharf and Fergusson Terminal, and to amend the second-last paragraph (beginning 'Development within the precinct...') to refer to additional precinct plans proposed by Ports of Auckland Limited. Refer to details in submission at page 7/76 of volume 10.


Amend the introduction to the objectives to specify the objectives of the General Business and Business Park, General Coastal Marine and City Centre zones and the Auckland-wide objectives which apply to the precinct and those which do not apply. Refer to details in submission at page 8/76 of volume 10.


Amend Objective 1 as follows: 'The efficient operation, growth, expansion and intensification of marine and port activities and marine and port facilities.


Insert additional objective after Objective 1 as follows: 'The ongoing use, development and expansion of the Port of Auckland is provided for in a manner that responds to existing and future national and regional shipping and freight needs.'

5137-403 Ports of Auckland Limited Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies Retain Objective 4.


Amend Objective 5 as follows: 'Buildings adjacent to Quay Street complement and enhance the gateway to the city centre, while having regard to the functional, efficient, safe and secure operation of marine and port activities.'

Summary of Decisions RequestedProposed Auckland Unitary Plan

1/3




Amend Objective 6 as follows: 'Public access to, and use and enjoyment of, the CMA shall not adversely affect is maintained, and where practical, enhanced, provided it does not compromise the efficient and safe operation, development and expansion of marine and port activities and marine and port facilities marine and port activities and development of the precinct .'


Insert additional objectives after Objective 6 as follows: 'The management of discharges from ITAs and other discharges in the Port Precinct adopts the Best Practicable Option so as to ensure the efficient and effective operation of the Port while managing the effects on the environment.' and 'The adverse effects of discharges of environmentally hazardous substances are avoided where practicable, and remedied or mitigated where they cannot be avoided.'


Amend the introduction to the policies to specify the policies of the General Business and Business Park, General Coastal Marine and City Centre zones and the Auckland-wide policies which apply to the precinct and those which do not apply. Refer to details in submission at page 16/76 of volume 10.


Amend Policy 4 as follows: 'Require activities within the precinct to avoid, remedy or mitigate adverse effects on the land and coastal environment, particularly noise, lighting and amenity effects and effects on the coastal environment and the surrounding road network .'

5137-409 Ports of Auckland Limited Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies Retain Policy 5.


Amend Policy 6 as follows: 'Restrict public access to the CMA only where it is necessary to protect human health and/or for safety, security, biosecurity, Customs and maintenance and operational reasons safety, to facilitate the requirements of Customs and quarantine, or to maintain security .'


Add new policy after Policy 6 as follows: 'Enable public access, events, and associated activities along Captain Cook wharf in a manner that does not constrain or conflict with the use of the Port precinct for marine and port activities.'


Add new policy after Policy 6 as follows: 'Provide for the future development and capacity of the Port Precinct for shipping, and cargo, and its connections with other transport modes such as road and the rail network.'


Amend Policy 8 as follows: 'Limit maximum building height to an appropriate scale to provide a transition in height between the city centre core and the harbour, with the exception of essential container-and cargo-handling facilities, and vessels and other infrastructure associated with marine and port activities.'


Amend Policy 9 as follows: 'Encourage buildings within Area A on precinct plan 2 directly visible from Quay Street, to be designed to complement and enhance this city centre gateway and contribute positively to visual quality, interest and public safety, while having regard to the functional, efficient, safe and secure operation of marine and port activities.'


Add new policy after Policy 10 as follows: 'Require reclamation within the Port precinct to demonstrate that: a. there are no practicable alternatives to the proposed reclamation; b. it is the most appropriate form of development; and c. adverse environmental effects will be avoided, remedied or mitigated.'

5137-416 Ports of Auckland Limited Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies Add new policy after Policy 10 as follows: 'Allow the maintenance and repair of reclamations and drainage systems.'


Add new policy after Policy 10 as follows: 'Provide for minor reclamations, while avoiding, remedying or mitigating any adverse effects on the environment.'


Add new policy after Policy 10 as follows: 'Provide for reclamation or drainage carried out as part of rehabilitation or remedial works of an existing reclamation or CMA structure, while avoiding, remedying or mitigating any adverse effects on the environment.'


Add new policy after Policy 10 as follows: 'Allow discharges that are consistent with the Best Practicable Option (BPO) approach for avoiding, remedying and mitigating the adverse effects from stormwater or contaminant discharges in the coastal environment.'


Add new policy after Policy 10 which requires that the BPO is adopted for the discharge of contaminants or water into the CMA, having regard to criteria including the BPO statutory criteria in the RMA, the level of adverse effects on the environment, measures proposed to avoid, remedy or mitigate the effects, operational and maintenance programmes to be implemented, regular review of the Environmental Management Plan(s) (either by way of self-assessment or independent assessment), and the operational requirements of the Port Precinct (including time frames). Refer to details in submission at page 25/79 of volume 10.


Add new policy after Policy 10 as follows: 'Require source control of contaminants (or other traditional or innovative methods) to be adopted to avoid, remedy or mitigate the adverse effects of contaminants on the receiving environment.'


Add new policy after Policy 10 as follows: 'Provide for discharges that are unavoidable but intermittent, where: a. the discharge occurs infrequently; and b. there are technical and practical difficulties which make it impractical to avoid, remedy or mitigate adverse effects of the discharge.'

5137-423 Ports of Auckland Limited Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies Add new policy after Policy 10 as follows: 'Ensure the safe handling, use and storage of hazardous substances.'


Add new policy after Policy 10 as follows: 'Manage reduced amenity in the Port Precinct to support the use and development of that Precinct by accepting some reduction in air quality amenity, provided any discharge to air is minimised and any discharge of hazardous air pollutant does not cause adverse health effects.'


Add new Precinct plan 4 that identifies the area of the Port Precinct known as Jellicoe West Berth where additional permitted activity controls are proposed for maintenance dredging. Refer to details in submission (and map of Jellicoe West Berth) at page 76/76 of volume 10.

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Delete the final paragraph of the precinct description as follows: 'The council is undertaking a stage two study on the future operation and development of the Port of Auckland. The results of this study may inform any changes to the port precinct provisions with regard to reclamation. '


Amend as Policy 10 follows: 'Avoid further Provide for reclamation within the precinct until the results of a study on the future operation and development of the port clearly identifies whether and when further reclamation is required to enable that the future safe and efficient operation and development of the Port of Auckland.'


Add new policy after Policy 10 as follows: 'Provide for small-scale reclamation within identified areas of the inner basin of the Port of Auckland to improve the layout and efficiency of the Port, while avoiding, remedying or mitigating adverse effectson the environment.'

5716-3377 Auckland Council Precincts - City Centre Port


Amend the precinct to take into account the findings of the Waterfront Building Height and Form Strategy when considering submissions regarding building height and form.

5747-1Parnell Community Committee Incorporated Precincts - City Centre Port

F3.8 Precinct Description, Objectives & Policies Delete the words "and growth" from Policy 1.



Delete Policy 10 and its explanation and replace it with a policy that states "Avoid further relamation within the Precinct" anda new explanation "the Port operation must be contained within its current footprint to avoid further environmental effects..." (see submission page 2/15 for full wording).


F3.8 Precinct Description, Objectives & Policies Amend Policy 2 to read "Provide a wide range of berthage facilities".

5786-30 Urban Auckland Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies Opposed to any further expansion by ports of Bledisloe wharf into the Waitemata Harbour

5826-15 Auckland Chamber of Commerce Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies

Delete policy 10 that avoids further reclamation until a study is undertaken on the future operation and development of the port

6246-3 Heart of the City Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies

Amend the precinct to include Marsden Wharf as a sub-precinct with its own rules as set out on page 8/24 of the submission.


Amend the Precinct description [particularly the second sentence of the second paragraph] to reflect Waterfront Auckland's control over this area, including TEAL Park, but noting the Department of Conservations walkway (400m) to the north of the Waterfront Auckland land.


Amend the precinct to create a Teal Park sub-precinct including Solent Street, the area east of Solent Street, the 'Sunderland mound' and the DOC walkway.


Amend the precinct to ensure there are development guidelines to ensure intensification is carried out with the appropriate planning controls.


Amend the last paragraph of the description by replacing it with paragraph 765 and 767 of the Auckland Plan as shown on page 10/24 of the submission.

7006-2 John N Duder Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies Prevent further reclamation of the Waitemata Harbour by Ports of Auckland

7006-3 John N Duder Precincts - City Centre PortF3.8 Precinct Description, Objectives & Policies

Require Ports of Auckland to initially complete Stage 2 of their investigations including full investigation of optimum use of existing on shore areas and include possibility of extension south of Quay St onto Railway land with traffic linkage benefits

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Precincts ‐ City Centre ‐ Port ‐ K3.7 Precinct Rules / Mapping


1602-79Mahunga Drive Business Association Incorporated Precincts - City Centre Port K3.7 Precinct Rules / Mapping

Amend the precinct rules to enable the expansion of the Port for productive economic activities in accordance with Option 2 Ports of Auckland Development Proposals (May 2013), as stated in the submission [page 45/45].

2004-70Greater East Tamaki Business Association Incorporated Precincts - City Centre Port K3.7 Precinct Rules / Mapping


2466-75Wiri Business Association Incorporated Precincts - City Centre Port K3.7 Precinct Rules / Mapping

Amend the rules to enable the expansion of the Port for productive economic activities in accordance with Option 2 Ports of Auckland Development Proposals (May 2013), as stated in the submission [page 49/49].

2555-69Onehunga Business Association Incorporated Precincts - City Centre Port K3.7 Precinct Rules / Mapping


2567-2 Z Energy Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend Activity Table 1 to provide for service stations on sites with frontage to Quay St, between the western boundary of the Port Precinct and Plumer St, as permitted activities.

3031-70Rosebank Business Association Incorporated Precincts - City Centre Port K3.7 Precinct Rules / Mapping


3263-40 Devonport Heritage Incorporated Precincts - City Centre Port K3.7 Precinct Rules / Mapping Protect views and water space north of Bledisloe Wharf.

4386-57 Marshall Day Acoustics Limited Precincts - City Centre Port K3.7 Precinct Rules / Mapping

Amend the land use controls for Port noise controls in the City Centre to replace the LAeq(1 hour) measurement with LAeq (24

hour), and to refer to measurements taken at 1m from any diffuser. Refer to details in submission at page 40/62. [Submission references March draft of PAUP - numbering and amendments sought may be incorrect.]

5137-425 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend the first paragraph of the introduction to the Activity Table as follows: 'The activities, controls and assessment criteria in the Auckland-wide rules apply in the following Port precinct, unless otherwise specified below.'

5137-426 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / Mapping

Amend clause 1 of the introduction to the Activity Table as follows: 'The activities in the General Coastal Marine zone apply to the CMA in the Port precinct unless otherwise specified in the Port precinct activity tables set out below in the activity table below .'

5137-427 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend clause 2 of the introduction to the Activity Table as follows: 'The following tables also specifyies the activity status of activities on land in the Port precinct. '

5137-428 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend clause 3 of the introduction to the Activity Table as follows: 'Those activities in the CMA marked with * apply when the activity is on a marine and port facility or marine and port accessory structure CMA structure .'


Add new clause 4 to the introduction to the Activity Table as follows: 'The activities in H.4.6 Managing Hazardous substances, H.4.8 Industrial and trade activities (ITA), H.4.12 Flooding, H.4.14 Stormwater management, and H.4.18 Other discharges of contaminants do not apply to the land and CMA in the Port Precinct.'


Add new clause 5 to the introduction to the Activity Table as follows: 'The activity status for the associated occupation of the common marine and coastal area (RMA s12(2)) is the same as the activity status of the use or activity that the occupation relates to.'

5137-431 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend Activity Table heading above the reclamation activities to include reference to RMA s.12(1). Refer to submission at page 29/76 of volume 10.

5137-432 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend Activity table to delete the word 'lawful' where it appears in relation to reclamations. Refer to submission at page 29/76 of volume 10.

5137-433 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend Activity Table to provide for 'Minor reclamation for the purpose of maintaining, repairing or upgrading a reclamation' as a permitted activity (rather than restricted discretionary) in the CMA. Refer to submission at page 29/76 of volume 10.


Amend the Activity Table so that the rule for 'Reclamation or drainage carried out as part of rehabilitation or remedial works' applies only to an existing reclamation or existing CMA structure, and amend the activity status from discretionary to restricted discretionary. Refer to details in submission at page 29/76 of volume 10.

5137-435 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend Activity Table heading above the dredging activities to include reference to RMA s.12(1) and s. 15(1). Refer to submission at page 32/76 of volume 10.

5137-436 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / Mapping Amend the activity status for maintenance dredging in the CMA from restricted discretionary to permitted.

5137-437 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAdd the following heading above 'Residential' in the Activity Table: 'Use and activities (RMA s.9 and 12(3)) and associated occupation of the common marine and coastal area (s.12(2))'.

5137-438 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAdd the following heading above 'Commerce' in the Activity Table: 'Use and activities (RMA s.9 and 12(3)) and associated occupation of the common marine and coastal area (s.12(2))'.

5137-439 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend the Activity Table (below 'Commerce') to include 'Offices within an existing building' as a restricted discretionary activity in the CMA and on land.

5137-440 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend the Activity Table (below 'Commerce') to include 'Offices' as a discretionary activity on land (and to list the activity as 'Not applicable' in the CMA).


Amend the Activity Table (below 'Commerce') to alter the activity status of 'Service stations only on those sites with frontage to Quay Street, between the western boundary of the Port Precinct and Plumer Street' on land from discretionary to restricted discretionary activity, and to correct spelling of 'Plumer'.

5137-442 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend the Activity Table (below 'Commerce') to include 'Offices, retail, commercial services and entertainment facilities not provided for as permitted or restricted discretionary activities' as a discretionary activity on land and in the CMA.

Summary of Decisions RequestedProposed Auckland Unitary Plan

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5137-443 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAdd the following heading above 'Community' in the Activity Table: 'Use and activities (RMA s.9 and 12(3)) and associated occupation of the common marine and coastal area (s.12(2))'.

5137-444 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAdd the following heading above 'Industry' in the Activity Table: 'Use and activities (RMA s.9 and 12(3)) and associated occupation of the common marine and coastal area (s.12(2))'.

5137-445 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend Activity Table (below 'Industry') to include 'Repair and maintenance services' and 'Warehousing and storage' as permitted activities in the CMA and on land.

5137-446 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAdd the following heading beside 'Development' in the Activity Table: 'Use and activities (RMA s.9 and 12(3)) and associated occupation of the common marine and coastal area (s.12(2))'.


Amend the Activity Table (below 'Development') to alter the permitted activity rule for new buildings and alterations and additions outside of Area A as follows: 'New buildings, and maintenance, repair, reconstruction and alterations and additions to buildings on land or on CMA structures outside of Area A shown on precinct plan 2'.

5137-448 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend the Activity Table (below 'Development') to include 'Alterations and additions to marine and port facilities outside of Area A shown on precinct plan 2' as a permitted activity in the CMA and on land.

5137-449 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend the Activity Table (below 'Development') to include 'Maintenance, repair or reconstruction of marine and port facilities and marine and port accessory structures' as a permitted activity in the CMA and on land.


Amend the Activity Table (below 'Development') to alter the permitted activity rule for minor cosmetic alterations to buildings within Area A as follows: 'Maintenance, repair, reconstruction and M minor cosmetic alterations to a building within Area A that does not change its external design or appearance.'

5137-451 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend the Activity Table (below 'Development') to include 'Demolition of marine and port facilities and marine and port accessory structures' as a permitted activity in the CMA and on land.

5137-452 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend the Activity Table (below 'Development') to include 'Temporary structures or buildings' as a permitted activity in the CMA and on land.

5137-453 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend the Activity Table (below 'Development') to include 'Observation areas, viewing platforms, boardwalks, boat launching facilities and related structures' as a permitted activity in the CMA and on land.


Add new activity table (below 'Development) to provide for Industrial or Trade Activities in the precinct whereby the discharge of contaminants associated with marine and port activities, marine and port facilities, and marine and port accessory structures is provided for as a permitted activity, subject to compliance with a corresponding activity control that requires an Environmental Management Plan and an Emergency Spill Response Plan. Where such standards are not complied with, resource consent as a controlled activity (land use) and restricted discretionary activity (discharges) would be required. Refer to details in submission at page 38/76 of volume 10.


Add new activity table (below 'Development) to establish a comprehensive discharges regime for the precinct (overriding the General Coastal Marine zone rules), including discharges of washwater / wastewater, contaminants (other than biofouling and hazardous substances) from cleaning, maintenance etc. of vessels and buildings, discharges not associated with marine and port activities, and any other discharges. Activities are provided for both in the CMA and on land as permitted, controlled or restricted discretionary activities. Refer to details in submission at page 39/76 of volume 10.


Add new activity table (below 'Development) to establish a comprehensive regime for the management of hazardous facilities and substances (including petrol, diesel, LPG and radioactive materials) in the precinct (overriding the City Centre zone rules). Refer to details in submission at page 40/76 of volume 10.


Amend the Introduction to the land and water use controls to specify which of the General Coastal marine zone controls apply and which do not, and to exclude the application of the Auckland-wide land and water use controls in H.4.6. Hazardous substances, H.4.8 Industrial and trade activities, H.4.14 Stormwater management, H.4.18 Other discharges of contaminants, H.6.1 Lighting, and H.6.2 Noise and Vibration. Excluded General Coastal Marine zone controls include noise, lighting, storage and handling of hazardous substances, maintenance and repair of reclamations / drainage systems, dredging, certain discharges, marine and port activities and parking. Refer to details in submission at page 43/76 of volume 10.


Amend land and water use control 2.1(2) 'Noise' as follows: The LAeq(15 min) noise level and maximum noise levels (LAFmax) arising from any activity (except construction or blasting activities or the operational requirements of vessels) within the Port precinct must not exceed the following: a. when measured beyond on the southern side of Quay Street or Tamaki Drive ( the inner control boundary) shown on precinct plan 3: ... b. when measured at beyond the outer control boundary shown on precinct plan 3: ...'.

5137-459 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend land and water use control 2.1(3)(b) 'Noise' to include reference to excluding noise measurements taken when a temperature inversion is present. Refer to details in submission at page 46/76 of volume 10.

5137-460 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend land and water use control 2.1 'Noise' to include an additional noise standard for construction activities undertaken in the Precinct. Refer to details in submission at page 46/76 of volume 10.

5137-461 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / Mapping Amend land and water use control 2.2 'Lighting ' to delete the numbering of clause 2.

5137-462 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend land and water use control 2.3(1) 'Parking as follows: 'Clause 1.2.3.2 of the Auckland-wide - Transport rules do not apply to the Port Precinct to land and CMA west of Solent Street .'


Add new land and water use control for 'Maintenance and repair of reclamation or drainage system', subject to standards including no change to the area of occupation, remediation of visible substrate disturbance, a requirement for an emergency spill plan, removal of equipment and materials and notice to Council. Refer to details in submission at page 48/76 of volume 10.

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Add new land and water use control for 'Minor reclamation for the purpose of maintaining, repairing or upgrading a reclamation' which requires that the outside face of the new seawall must not extend more than 1.5 metres beyond the seaward limit of the existing seawall or bund. Refer to details in submission at page 48/76 of volume 10.


Add new land and water use control for 'Use of land and CMA and associated discharges for marine and port activities, marine and port facilities, and marine and port accessory structures and services' which requires preparation of an Emergency Spill Response Plan where any environmentally hazardous substance is stored at a greater quantity than is used for domestic purposes, and an Environmental Management Plan specific to the marine and port activity (to be reviewed at least annually). Refer to details in submission at page 49/76 of volume 10.


Add new land and water use control for 'Discharge of wastewater and/or washwater from cleaning, maintenance and preparation of surfaces of marine and port facilities and buildings including the cleaning and maintenance of quay cranes' which requires that the discharge must not, after reasonable mixing, give rise to: a. the production of any conspicuous oil or grease film, scum or foam, or floatable or suspended materials; or b. any conspicuous change in the colour or visual clarity; or c. a change in the natural pH of the water by more than 1pH unit; or d. any significant adverse effect on aquatic life. Refer to details in submission at page 49/76 of volume 10.


Add new land and water use control for 'Discharge of any contaminant, other than hull bio-fouling, resulting from the cleaning, maintenance, repair, anti-fouling or painting of vessels' which requires that the discharge or escape of contaminant materials or debris onto the foreshore, seabed or into the water must be collected as far as practicable and removed from the CMA. Refer to details in submission at page 50/76 of volume 10.


Add new land and water use control for 'Discharge of dye or tracer material for investigative purposes' which requires that notice of the intended discharge must be given to the council at least 12 hours prior to the discharge occurring and that the dye or tracer must be of a type designed for use in natural water and must be used in accordance with manufacturer's recommendations and relevant and recognised standards and practices. Refer to details in submission at page 50/76 of volume 10.


Add new land and water use control for 'Discharge of contaminants from the maintenance of existing buildings, structures and port and marine facilities, and marine and port accessory structures and services excluding hazardous substances as defined in the Hazardous Substances and New Organisms Act 1996' which requires that the discharge must not, after reasonable mixing, give rise to: a. the production of any conspicuous oil or grease film, scum or foam, or floatable or suspended materials; or b. any conspicuous change in the colour or visual clarity; or c. a change in the natural pH of the water by more than 1pH unit; or d. any significant adverse effect on aquatic life. Refer to details in submission at page 50/76 of volume 10.


Add new land and water use control for 'The discharge of contaminants associated with any activity that is not a marine and port activity' which requires that the discharge does not: contain human wastewater or hazardous substances; after reasonable mixing, give rise to conspicuous oil or grease films, scum, foams, or floatable or suspended material, conspicuous change in the colour or visual clarity, change in the natural pH of more than 1pH unit, or significant adverse effect on aquatic life; change the natural temperature of the receiving water, after reasonable mixing, by more than 3 degrees Celsius; or involve the disturbance of foreshore and seabed that cannot be remedied by natural processes within 7 days of the disturbance occurring. Refer to details in submission at page 50/76 of volume 10.


Add new land and water use control for 'Discharges into the coastal marine area, which are not covered by another rule in the Unitary Plan and not covered by the Resource Management (Marine Pollution) Regulations 1998' which requires that the discharge does not: contain human sewage or hazardous substances; change the natural temperature of the receiving water, after reasonable mixing, by more than 3 degrees Celsius; or involve any visible disturbance to the substrate of the CMA that cannot be remedied or restored within seven days. Refer to details in submission at page 51/76 of volume 10.


Add new land and water use control for 'Maintenance dredging' which sets a maximum volume of 30,000m3 of sediment per year or 150,000m³ over any 5 year period, establishes a detailed dredging methodology for Jellicoe Wharf, and written notice to Council prior to commencement. Refer to details in submission at page 51/76 of volume 10.


Add new land and water use control to provide for hazardous facilities in the Port Precinct, including hazardous facilities site design and layout, storage of hazardous substances, site drainage systems and hazardous facilities waste management. Refer to details in submission at page 53/76 of volume 10.

5137-474 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend the introduction to the development controls to provide that the development controls in the General Coastal Marine zone do not apply to the CMA in the Precinct, unless otherwise specified within the precinct development controls.

5137-475 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAdd the following text below development control 3.2(1) 'Occupation of the CMA': 'Notification - Any application for an occupation consent that does not comply with this control will be subject to the notification tests of s.95 of the RMA.'


Add new development control for 'Esplanade reserves' as follows: 'Purpose: provide for safe and efficient subdivision of land in the Port precinct. Clause 5.2.1.6 of the Auckland-wide subdivision rules does not apply to subdivision or development within the Port Precinct.'

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Add new matters for control and assessment criteria for Ports of Auckland Limited's proposed activity of 'use of land or the CMA where the marine or port related activity cannot meet the permitted activity rules for industrial and trade activities', which require consideration of the content of the Emergency Spill Response Plan and the Environmental Management Plan, the review regime for the Environmental Management Plan, the duration of the consent, and the timing and nature of the review of any consent conditions in respect of matters over which Council has restricted its control. Refer to details in submission at page 55/76 of volume 10.


Amend the introduction to the restricted discretionary activity matters for control and assessment criteria to state that consideration is limited to the matters set out beneath the matters and criteria (i.e. excluding the application of the General Coastal Marine zone matters and criteria). Refer to details in submission at page 56/75 of volume 10.


Add new matters of discretion and assessment criteria for 'Reclamation or drainage carried out as part of rehabilitation or remedial works of a reclamation or CMA structure' which include the form and design of the reclamation, contaminated material, the safe and efficient operation of the Port of Auckland, and identified landscapes or sites of significance to tangata whenua. Refer to details in submission at page 56/75 of volume 10.


Amend the matters of discretion 4.1(2) and assessment criteria 4.2(2) for 'Declamation' to limit consideration to effects on the marine environment, hydrogeology and coastal processes, and effects of construction. Refer to details in submission at page 57/75 of volume 10.


Amend the matters of discretion 4.1(3) and assessment criteria 4.2(3) for 'Maintenance and capital works dredging' to delete the reference to maintenance dredging, and delete and replace the matters and criteria to limit consideration to: effects on coastal processes, ecological values, and water quality; effects on harbour traffic, navigation and safety; and consent duration and monitoring. Refer to details in submission at page 58/75 of volume 10.


Add new matters of discretion and assessment criteria for 'Offices within an existing building' to restrict consideration to effects on the ability of existing buildings to provide for offices accessory to marine and port activities, and any traffic generation effects on the adjacent transport network over and above the effects associated with offices accessory to port activities. Refer to details in submission at page 59/75 of volume 10.


Add new matters of discretion and assessment criteria for 'Service stations only on those sites with frontage to Quay Street, between the western boundary of the Port precinct and Plumer Street' to restrict consideration to location and design of vehicular and pedestrian access, and provision for the on-site manoeuvring of pedestrians and vehicles. Refer to details in submission at page 60/75 of volume 10.


Amend the matters of discretion 4.1(5) and assessment criteria 4.2(5) to provide for 'Buildings, and alterations and additions to buildings not otherwise provided for on land or on CMA structures within Area A' and to restrict consideration to building design and external appearance, including deletion of criteria (a) (reference to particular City Centre zone criteria), (e) (linkages to Quay Street) and (f) (facade requirements), inclusion of a requirement to consider functional and operational requirements of marine and port activities (criterion (b)), and deletion of the requirement to screen loading and servicing areas (criterion (d). Refer to details in submission at page 61/75 of volume 10.


Amend the matters of discretion 4.1(4) and assessment criteria 4.2(4) for 'Wave attenuation devices' to delete the reference to General Coastal Marine zone matters and limit consideration to location and design of the wave attenuation device and effects on wave characteristics. Refer to details in submission at page 61/75 of volume 10.


Add new matters of discretion and assessment criteria for 'The associated discharges for marine and port activities, marine and port facilities, and marine and port accessory structures and services where the activity is unable to meet the permitted activity controls' which limit consideration to: the degree of any adverse environmental effects on the relevant receiving environment after reasonable mixing; management practices, treatment systems or devices to be implemented; and the duration of the consent, including review conditions. Refer to details in submission at page 62/76 of volume 10.


Add new matters of discretion and assessment criteria for 'Discharge of any contaminant, other than hull bio-fouling, resulting from the cleaning, maintenance, repair, anti-fouling or painting of vessels which does not meet the controls for a permitted activity' which limit consideration to works methods, materials, adverse effects on ecological values, and water and sediment quality, and the duration of the consent, including review conditions. Refer to details in submission at page 63/76 of volume 10.


Add new matters of discretion and assessment criteria for 'Discharge of contaminants from the maintenance of existing buildings, structures, and port and marine facilities, and marine and port accessory structures and services excluding hazardous substances as defined in the Hazardous Substances and New Organisms Act 1996, which does not meet the controls for a permitted activity' which limit consideration to works methods, materials, adverse effects on ecological values, and water and sediment quality, and the duration of the consent, including review conditions. Refer to details in submission at page 64/76 of volume 10.


Add new matters of discretion and assessment criteria for 'Discharge of contaminants associated with any activity that is not a marine and port activity which does not meet the controls for a permitted activity' which limit consideration to: the degree of any adverse environmental effects on the relevant receiving environment after reasonable mixing; management practices, treatment systems or devices to be implemented; and the duration of the consent, including review conditions. Refer to details in submission at page 65/76 of volume 10.

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Add new matters of discretion and assessment criteria for 'Hazardous facilities' which limit consideration to: operation and site layout; separation distances; the number of people potentially at risk; potential health and environmental hazards and exposure pathways; avoidance or minimising potential cumulative hazards; emergency management planning; waste management; relevant codes of practice and standards for specific materials/substances; measures to avoid potential adverse effects that may result from natural hazards; and the social and economic benefits of hazardous facilities. Refer to details in submission at page 66/76 of volume 10.


Amend the general matters of discretion 6.1 and assessment criteria 6.2 to exclude the general matters set out in clause G2.3 of the general provisions, and to limit consideration to the effects of the modification, the purpose of the control, and the matters set out in the section for the relevant land and water use and development control infringements. Refer to details in submission at page 67/76 of volume 10.

5137-492 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingDelete matter for discretion 6.1(b) 'Building height' (effects on the current or planned future form and character of the precinct) and add new matter 'reasons for non-compliance'.


Amend assessment criterion 6.2(1) 'Building Height' as follows: 'a. B building height may be exceeded where it would provide an attractive and integrated roof form that also meets the purpose of the control. or b. Where building height is exceeded, policy 7 of the Port precinct and policy 17 of the City Centre zone should be considered. building height may be exceeded where it provides for the intensification, development and maintenance of marine and port facilities and associated buildings and works which contribute to the efficient use, operation, and management of marine and port activities while avoiding, remedying or mitigating potential adverse effects on the environment.


Delete the matters of discretion 6.1(2) and assessment criteria 6.2(2) for 'Occupation of the CMA' and replace with matters and criteria that limit consideration to effects on the safe and efficient use, operation and development of the Port of Auckland. Refer to details in submission at page 69/76 of volume 10.


Add new matters for discretion and assessment criteria for noise, lighting and 'parking which infringes the development controls for design of parking and loading areas or access under clause H.1.2.3.3' that address (respectively): the operational requirements of the Port of Auckland and the effects outside the Precinct; the safe and efficient operation of the Port of Auckland, and effects outside the Port precinct; and design of parking, loading and access, and effects on the transport network. Refer to details in submission at page 69/75 of volume 10.


Add new matters of discretion and assessment criteria for 'Maintenance dredging that does not comply with the land use control' which limit consideration to: effects on water quality; effects on harbour traffic; at Jellicoe Wharf West, effects on sediment quality and ecological effects; and consent duration and monitoring. Refer to submission at page 71/76 of volume 10.

5137-497 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAdd new special information requirement as follows: 'The special information requirements of the General Coastal Marine zone for activities in the CMA do not apply to the Port Precinct.'

5137-498 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend Precinct plan 1 (as shown in submission at page 73/76 of volume 10) so that for the areas identified in purple, the maximum height reads "24m, with the ability to go to 35m for a maximum of 33%".

5137-499 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend Precinct plan 2 (as shown in submission at page 74/76 of volume 10) so that the 'Extent of Area A' does not include the western edge of Bledisloe terminal or Marsden Wharf.


Amend Precinct Plan 3 by reducing the Inner Control Boundary westward to The Strand and relocate the Outer Control Boundary generally southward toward St Stephens Avenue, Canterbury Place, Cleveland Road, Garfield Street and Heather Street, Parnell; and amend the labelling of the Precinct Plan to be consistent with the text. Refer to details in submission at page 75/76 of volume 10.

5137-505 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / Mapping Amend the Activity Table heading for 'Works in the CMA' to add '(RMA s.12(1))'.


Amend Activity Table (below 'Works in the CMA') to add new activity 'Reclamation or drainage up to 0.6ha in area within the inner basin of the Port of Auckland, as identified within precinct plan 5' as a restricted discretionary activity in the CMA (and 'Not applicable' on land).

5137-507 Ports of Auckland Limited Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend Activity Table (below 'Works in the CMA') to lower the activity status of 'Reclamation or drainage not otherwise provided for' from non-complying to discretionary activity in the CMA (remaining as 'Not applicable' on land).


Insert additional specific notification rule after the Activity Table as follows: 'Reclamation or drainage up to 0.6ha in area contained within the inner basin of the Port of Auckland, as identified within precinct plan 5 will be subject to the notification tests of s.95 of the RMA'.


Insert additional land and water use control after 2.3 Parking as follows: 'Reclamation or drainage up to 0.6ha in area contained within the inner basin of the Port of Auckland, as identified within Precinct plan 5 1. The cumulative area of reclamation or drainage must not exceed 2ha over any 10 year period'.


Add new matters for control and assessment criteria for 'Reclamation or drainage up to 0.6ha in area within the inner basin of the Port of Auckland, as identified within Precinct plan 5' that limits consideration to construction or works methods, form and design of the reclamation, contaminated material, the safe and efficient operation of the Port of Auckland, and consent duration and monitoring. Refer to details in submission at pages 20-23/27 of volume 11.


Add new matters of discretion and assessment criteria for discretionary activity consent applications for reclamation that limit consideration to: the need for the reclamation; construction or works methods; form and design of the reclamation; contaminated material; public access; identified cultural landscapes of significance to tangata whenua; the safe and efficient operation of the Port of Auckland; and consent duration and monitoring. Refer to details in submission at pages 23-26/27 of volume 11.

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Add new Precinct plan 5 to identify the 'Inner berths' of the Port basin within which reclamations of 0.6ha or less (up to a maximum of two hectares over any ten-year period) may be applied for as a restricted discretionary activity. Refer to details in submission at pages 26-27/27 of volume 11.

5490-1Mechanics Bay Community Services Group Precincts - City Centre Port K3.7 Precinct Rules / Mapping

Delete and replace the activity 'Emergency services' to 'Rescue Centre' in 1. Activity table. See submission for specific amendments [page 4/8 of the submission. Note - track changes are different to initial relief sought].


Provide for helicopter facilities associated with the rescue centre as a permitted activity in 1. Activity table. See submission for specific amendments [page 4/8 of the submission].


Ensure that only swing and pile moorings that can be located in the Coastal Marine Area in front of the Rescue Centre are those associated with the Rescue Centre. See submission for specific amendments to the activity table [page 5/8 of the submission].

5490-5Mechanics Bay Community Services Group Precincts - City Centre Port K3.7 Precinct Rules / Mapping Amend the Land and water use control so that the noise control does not apply to helicopter noise.

5490-6Mechanics Bay Community Services Group Precincts - City Centre Port K3.7 Precinct Rules / Mapping Amend the Land and water use control so that the Rescue Centre is exempt from rule 2.3 'Parking'.


Amend the Development controls so that the height control for the site is 24m above mean street level, as opposed to meansea level.

5716-3322 Auckland Council Precincts - City Centre Port K3.7 Precinct Rules / Mapping

Amend the cross-references in rule 3.1 Buiding height (Purpose); assessment criteria 4.2(5) New buildings, and alterations and additions to buildings not otherwise provided for; and assessment criteria 5.2(1) Building height. Refer to submission, Volume 7, page 6/31.


Amend the Activity Table to read 'Maintenance dredging, including dredging within a historic heritage overlay area … Capital works dredging, including dredging within a historic heritage overlay area'


Amend the Activity Table headings to add references to sections 12(1), 9, 12(3), 12(2) of the RMA. Refer to submission, Attachment 1193, Volume 7, page 28/31.


Amend the Activity Table to read: 'Demolition or removal of any buildings or CMA structures'. Refer to submission, Attachment 1194, Volume 7, page 29/31.


Amend headings of the Activity Table to read: 'Use and activities (s 12(3) RMA) and the associated occupation of the common marine and coastal area (s 12(2))'.


Add a new development control to read: 'Minor reclamation 1.The new reclamation extends less than or equal to 1.5m beyond the seaward limit of the existing seawall or bund.'


Add the following to rule 3.1: '2. For the avoidance of doubt, building height excludes: reefer gantries, cargo and containers, telecommunications equipment, masts associated with marine and port facilities, lighting poles and assocaited equipment that are accessory to marine and port activities and aerials that are accessory to marine and port activities.'


Add new section 6 Special information requirements, with a provision stating that the special information requirements of the General Coastal Marine zone do not apply to the precinct.

6246-1 Heart of the City Precincts - City Centre Port K3.7 Precinct Rules / Mapping Retain the non-complying status for 'Reclamation or drainage not otherwise provided for' in the Activity Table.

6246-2 Heart of the City Precincts - City Centre Port K3.7 Precinct Rules / Mapping

Amend the Precinct Plans to (a) reflect the new port precinct boundary as shown on page 7/24 of the submission (b) that this boundary is described using GPS coordinates and (c) that it is confirmed that the proposed northern boundary is in the same location as PMA 1A in the Regional Coastal Plan.

6246-6 Heart of the City Precincts - City Centre Port K3.7 Precinct Rules / Mapping Amend Precinct Plan 2 to alter the shaded area to clarify there are no buildings on TEAL Park and the 'Sunderland mound'.

6246-7 Heart of the City Precincts - City Centre Port K3.7 Precinct Rules / MappingAmend Precinct Plan 1 to add additional shading for the proposed TEAL Park sub-precinct [as outlined in the submission] with possibly reducing the maximum heights and revising shading for the green area being the existing reclaimed areas.

6444-85 Civic Trust Auckland Precincts - City Centre Port K3.7 Precinct Rules / Mapping Retain the non-complying activity status for 'reclamation or drainage not otherwise provided for'.6544-18 William and Diana Atkinson Precincts - City Centre Port K3.7 Precinct Rules / Mapping Prevent further reclamation of Waitemata Harbour.

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NZX & Media Release: 26 June 2014

DELIVERING A STEP CHANGE FOR NEW ZEALAND INTERNATIONAL TRADE Agreements will usher in era of ‘big ship’ visits for New Zealand and a new ocean freight service

Freight and logistics management company Kotahi and New Zealand’s freight gateway Port of Tauranga have struck a strategic ten-year freight alliance. This, along with a separate long-term agreement between Kotahi and Maersk Line, the world’s largest container shipping company, will deliver a ‘step-change’ for New Zealand’s $95 billion international trade sector. Kotahi Chief Executive Chris Greenough said Kotahi is focused on helping keep New Zealand competitive on the world stage, by paving the way for the new generation of container vessels to call in New Zealand’s waters, delivering significant efficiencies for exporters and importers

1.

“New Zealand doesn’t have a big ship capable port and now is the right time for key players to work together to build a capability within New Zealand to receive these large vessels with all the efficiencies they will bring to New Zealand. These ships will ensure New Zealand does not become a spoke to the larger hubs across the Tasman, which would add 7-10 days to export transit times. “We can help level the playing field for New Zealand in international markets. Increased collaboration will smooth out the peaks and troughs of our agriculture-driven export sector and drive a step change in efficiency for the Kiwi export supply chain. These larger vessels will also be a catalyst for further efficiencies in land-based transport and the better co-ordination of truck and rail movements,” Mr Greenough said. The new arrangements are founded on the following:

Kotahi has committed to provide up to 1.8 million TEU2 export cargo containers to the Port of Tauranga over

the next 10 years, commencing 1 August 2014;

Kotahi has committed significant export cargo to Timaru Container Terminal (TCTS), for the next 10 years commencing 1 August 2014;

The Port of Tauranga has committed to investment in infrastructure to enable visits from the larger 6,500 TEU container ships within the next few years;

Port of Tauranga will, subject to certain conditions, issue shares to Kotahi and Kotahi will take a stake in TCTS; and

Kotahi has committed to provide up to 2.5 million TEU export cargo containers to Maersk Line for the next 10 years, commencing 1 August 2014.

“A key aspect of the agreements outlined today is the continuing support for the long term viability of New Zealand’s regional ports. Reflecting the strong growth of dairying exports from the South Canterbury region over the past three years it has been possible to resume container ship calls to the Port of Timaru while also retaining significant volumes through Port of Lyttleton and maintaining, long-term, container ship calls at a number of other regional ports,” Mr Greenough said. “We recognise that ports play a key role in the livelihoods of local communities and believe the changes outlined today will help regional communities stay connected as we enter the era of bigger ship visits to New Zealand,” he said.

1 In 2010 the New Zealand Shippers Council released its report “The question of Bigger Ships: securing New

Zealand’s international supply chain”. The report indicated the savings available to New Zealand exporters as a result of a New Zealand port becoming capable of handling big ships was of the order of $338 million a year. 2 Twenty-foot equivalent unit

Port of Tauranga Chief Executive Mark Cairns said: “The agreement with Kotahi will be immediately earnings accretive for Port of Tauranga and will transform the New Zealand supply chain. “The cargo commitments give Port of Tauranga the certainty to proceed with the infrastructure to accommodate the 6,500 TEU ships. This will in turn spur the development of New Zealand’s coastal shipping industry as freight consolidates on Port of Tauranga as a hub port for the country. “The agreement recognises Port of Tauranga’s long-term investment programme in freight marshalling facilities across the country including: MetroPort in Auckland and more recently PrimePort Timaru and our new freight hub in Rolleston, Christchurch. Port of Tauranga will continue to provide shippers across the country the most efficient freight options to markets thanks to these investments. “Our ability to accommodate the next generation of large ships will also address New Zealand’s disadvantages in international export markets, including the country’s distance from major transport routes and its relatively small and dispersed freight volumes. “We are looking forward to expanding our already highly-productive relationship with Kotahi and to increased visits from the Maersk Line fleet,” Mr Cairns said. Kotahi and Port of Tauranga are continuing to explore and negotiate other operational efficiencies. Maersk Line New Zealand Managing Director Gerard Morrison said: “The new long-term contract with Kotahi represents a new model of collaboration for our business and provides certainty for Maersk Line to build on our 17 year track record of providing premium services to the New Zealand market. “Reflecting this, and due to the guaranteed freight volumes, Maersk Line has committed to introducing a new 4,500 TEU service from October 2014, to Tanjung Pelepas in Malaysia, to provide additional capacity, and complement, the current Northern Star and Southern Star services. “We now have a clear path to work on the introduction of Maersk Line’s 6,500 TEU vessels to New Zealand. These ships are significantly more fuel efficient on a per-container basis and will reduce the carbon footprint of the ocean freight component of New Zealand exports by approximately 22% per container unit, compared to the existing New Zealand industry average,” Mr Morrison said.

Details of the agreements: Volume and container commitments: Port of Tauranga will issue two million shares to Kotahi, representing 1.5% of Port of Tauranga’s issued share capital, in two tranches. Kotahi’s rights to the shares, including dividends, are subject to Kotahi delivering on certain freight volume commitments over a ten year period.

Timaru Container Terminal (TCTS): Kotahi has agreed to commit export traffic to Port of Tauranga subsidiary TCTS, which holds a 35 year lease over the 10 hectares of terminal operating area at PrimePort Timaru. In exchange for the commitment, Kotahi will get a 49.9% shareholding in TCTS. Operations at TCTS will be managed under a management contract with Port of Tauranga. As a result of this agreement between Kotahi and Port of Tauranga, TCTS plans to invest in port infrastructure including another mobile harbour crane to handle the increased container traffic. Maersk Line: Kotahi has agreed to commit a significant volume of export cargo to Maersk Line for New Zealand coastal and South East Asia trans-shipment ports. This gives Maersk Line volume certainty to plan for the introduction of 6,500 TEU ships to New Zealand. Further information on the new services to be introduced will be provided when details are confirmed. ENDS Contact for further information: Port of Tauranga Kotahi Richard Inder Belinda Leslie Merlin Consulting Baldwin Boyle Group +64(0)21645643 +64(0)2102857579 Maersk Line New Zealand Tine Jensen +64(0)212748113

About Kotahi

Kotahi, New Zealand’s leading freight and logistics management company, specialises in matching freight requirements for export and import businesses with ocean, rail, and road transport providers to ensure New Zealand remains competitive in international markets. Kotahi, a joint venture between Fonterra Co-Operative and Silver Fern Farms, launched in 2011, currently provides freight management services for more than 30 customers from sectors including meat export, wool, dairy, timber, pharmaceuticals, horticulture and seafood. Kotahi’s name means ‘standing together as one’. For more information about Kotahi please visit www.kotahi.co.nz Australasian advisory firm Cranleigh provided transaction structuring and financial advice to Kotahi on the freight agreement with Port of Tauranga. About Port of Tauranga Port of Tauranga (NZX.POT) is New Zealand’s largest port. It operates wharves at Sulphur Point and Mount Maunganui in Tauranga, MetroPort, a rail-linked inland port in South Auckland, PrimePort Timaru and is developing a new intermodal freight hub in Rolleston southwest of Christchurch. The Port of Tauranga Group includes: Tapper Transport, New Zealand’s largest wharf cartage company; Quality Marshalling, a forestry materials handling company; Northport, which operates a deepwater commercial port at Marsden Point; MetroPack, a container packing and unpacking facility based in Auckland and Tauranga; MetroBox, a container cleaning, repair and storage facility, and New Zealand freight specialist Cubic Transport Services. For more information about Port of Tauranga please visit www.port-tauranga.co.nz About Maersk Line Maersk Line is the world’s largest container shipping company, serving customers all across the globe. Maersk Line has 32,000 employees across 362 offices in more than 125 countries. As a leading provider of container shipping services, it is Maersk Line’s mission to deliver second-to-none services enabling our customers to keep the promises they in turn make to their customers. Maersk Line sources goods from anywhere in the world, creating efficiencies in our customers’ supply chains, and making it possible for commodities to reach new markets more quickly. Maersk Line is a part of the Maersk Group and based in Copenhagen, Denmark. The Maersk Group employs 89,000 people, and generated 47 billion US dollars in revenue in 2013. In New Zealand, Maersk Line currently operates five 4,500 TEU vessels on the Southern Star Service and five 2,900 TEU vessels on its Northern Star service. It also operates five of the 10 vessels on the America (OC1) service sized between 3,500 and 3,700 TEU. For more information about Maersk Line please visit www.maerskline.com

INVITATION TO MEDIA BRIEFING

Media are invited to a briefing on the agreements Thursday 26 June at 11:30am (NZT), with Kotahi Chief Executive Chris Greenough, Port of Tauranga Chief Executive Mark Cairns and Maersk Line New Zealand Managing Director Gerard Morrison. Venue: Boardroom, level one, Hilton Hotel, Princes Wharf, Auckland. Following the briefing, media are invited to attend a lunch with key industry stakeholders. Hilton Hotel, Aquamarine Room 3. New Zealand & international media phoning in: For those unable to attend in person, the conference call details are: New Zealand toll free: 0800 450 585 Australia, toll free: 1800 554 798 UK: 0808 234 8407 Quote the conference ID 7112530 to the operator. RSVP to attend the press conference and lunch event in person to: [email protected] or phone mobile +64(0)21928016.

http://www.kotahi.co.nz/

http://www.port-tauranga.co.nz/


Subject: Auckland International Airport

Date: 26 June 2014

1. AIAL Statistics

The Auckland Airport monthly traffic update showing domestic and international statistics for

the passenger movements and the Maximum Certified Take-Off Weight (MCTOW) for the

period to May 2014 are attached.

In May 2014 international passenger volumes (excluding transit passengers) were 5.9%

higher than the previous year. Passenger growth was achieved across all regions with

17,000 additional passengers on trans-Tasman routes, 7,000 additional passengers on both

Asian and Pacific routes and 2,000 additional passengers on American routes.

Visitor arrivals from Japan were up 44.0% in May 2014 compared to May 2013. Auckland

Airport captured an increase share of Japanese arrivals with 97% of Japanese arrivals in

May 2014 compared to 94% in May 2013. The majority of the growth has come from holiday

arrivals. Air NZ and Tourism NZ launched and a joint low-fare campaign in April to attract

more Japanese travelers to NZ between April and October.

Prepared by

Konstantin Babiy

Business Analyst

Recommended by

Gary Swift

Chief Executive

1,680,000

1,700,000

1,720,000

1,740,000

1,760,000

1,780,000

1,800,000

1,820,000

1,840,000

1,860,000

1,880,000

1,900,000

6,000,000

6,200,000

6,400,000

6,600,000

6,800,000

7,000,000

7,200,000

Jun-13

Jul-13

Aug-13

Sep-13

Oct-13

Nov-13

Dec-13

Jan-14

Feb-14

Mar-14

Apr-14

May-14

AIAL Domestic Statistics

Domestic Passenger Movement rolling 12 months

Domestic Passenger Movement previous 12 months (rolling basis)

Domestic MCTOW rolling 12 months

Domestic MCTOW previous 12 months (rolling basis)

tonnes

3,900,000

3,950,000

4,000,000

4,050,000

4,100,000

4,150,000

4,200,000

4,250,000

4,300,000

4,350,000

6,900,000

7,000,000

7,100,000

7,200,000

7,300,000

7,400,000

7,500,000

7,600,000

7,700,000

7,800,000

Jun-13

Jul-13 Aug-13

Sep-13

Oct-13

Nov-13

Dec-13

Jan-14

Feb-14

Mar-14

Apr-14

May-14

AIAL International Statistics

International Passenger Movements (excl. transits) rolling 12 months

International Passenger Movements (excl. transits) previous 12 months (rollingbasis)International MCTOW rolling 12 months

International MCTOW previous 12 months (rolling basis)

tonnes

A

B

C

D

CA

BD

A

B

C

D

C

A

DB

Issued: 23 June 2014

aucklandairport.co.nz

This monthly traffic update from Auckland International Airport Limited (AIAL) is generated with assistance and data from Statistics New Zealand, the New Zealand Customs Service, Airways New Zealand, Immigration New Zealand and AIAL. International passenger movements are actual, domestic passenger movements are estimated by AIAL. Immigration New Zealand has recently refined the transits data, resulting in a re-statement of

transit numbers year to date and the prior year comparatives. North Queensland Airports has refined their passenger data for Cairns and Mackay Airports from July 2013, resulting in a restatement of passenger numbers year to date and prior year comparatives. North Queensland Airport has also revised Cairns Airport transit passenger numbers in the December 2013 MTU for all months of the 2013 financial year due to an error in their data. This document is intended for information purposes. It should not be considered a recommendation, offer or invitation to purchase securities. All reasonable steps have been taken to ensure that the information is true and accurate at the time of publication. * Total international passengers including transits. **Estimation using best available data. ***Maximum Certificated Take-Off weight (MCTOW) forms the basis of determining airfield charges at

Auckland Airport.

May 2014 Monthly traffic update

5.9% International passenger volumes (excluding transit passengers) were 5.9% higher in May2014 than the previous year. Passenger growth was achieved across all regions with 17,000 additional passengers on trans-Tasman routes, 7,000 additional passengers on both Asian and Pacific routes and 2,000 additional passengers on American routes.

31.7% While total visitor arrivals from China were down 1.2% in May 2014, compared to May 2013, direct Chinese visitor arrivals were up 31.7% during this period. Direct Chinese arrivals are more likely to be high-value free independent travellers that stay longer and visit more of New Zealand. The 10 weekly China Southern flights from Guangzhou (3 more weekly flights than in May 2013) have contributed to the increase in direct visitor arrivals from China.

41.2% International passenger volumes at Queenstown Airport were 41.2% higher in May 2014 than the previous year. This passenger growth was before the official winter flight schedule even kicked off on 15 June. Queenstown Airport is expecting a record 50 direct trans-Tasman flights arriving each week, on average, during the winter period. Compared to last year, this winter schedule sees larger aircraft with greater seat capacity and an extra 10 flights a week.

44.0% Visitor arrivals from Japan were up 44.0% in May 2014 compared to May 2013. Auckland Airport captured an increased share of Japanese arrivals with 97% of Japanese arrivals in May 2014 compared to 94% in May 2013. The majority of the growth has come from holiday arrivals. Air New Zealand and Tourism New Zealand launched a joint low-fare campaign in April to attract more Japanese travellers to New Zealand between April and October. Air New Zealand currently operates daily return services to Tokyo with capacity set to increase from November 2014 due to the introduction of the new B787-9 Dreamliner on the route.

May-14Current

month

Pre vious

ye a rs

period

%

Cha nge

(month)

Fina nc ia l Y TD Previous

fina nc ia l Y TD

% Cha nge

fina nc ia l

YTD

Rolling 12

month tota l

P re vious

12 month

tota l

% Cha nge

in rolling

tota l

AUCKLAND INTERNATIONAL AIRPORT

Passenger Movements

International arrivals (excl. Transits) 278,701 264,123 5.5% 3,577,968 3,403,130 5.1% 3,839,461 3,654,870 5.1%

International departures (excl. Transits) 300,644 282,782 6.3% 3,556,807 3,381,165 5.2% 3,828,611 3,665,722 4.4%

Total international (excl. Transits) 579,345 546,905 5.9% 7,134,775 6,784,295 5.2% 7,668,072 7,320,592 4.7%

Transit movements 37,768 32,376 16.7% 417,990 396,818 5.3% 459,526 438,724 4.7%

Total international passengers * 617,113 579,281 6.5% 7,552,765 7,181,113 5.2% 8,127,598 7,759,316 4.7%

Total domestic passengers ** 568,085 556,625 2.1% 6,380,906 6,228,385 2.4% 6,913,058 6,732,217 2.7%

Top 10 arrivals by country of last residence

New Zealand 152,708 143,944 6.1% 1,644,476 1,574,688 4.4% 1,787,074 1,713,670 4.3%

Australia 49,395 49,785 -0.8% 706,401 670,884 5.3% 758,506 720,925 5.2%

China, People's Republic of 15,973 16,167 -1.2% 214,456 202,290 6.0% 225,947 211,981 6.6%

United States of America 9,919 8,743 13.5% 158,314 141,678 11.7% 168,226 150,421 11.8%

United Kingdom 5,687 5,782 -1.6% 155,538 155,998 -0.3% 160,798 161,400 -0.4%

Japan 4,388 3,048 44.0% 57,973 60,726 -4.5% 60,811 64,306 -5.4%

India 4,151 3,460 20.0% 31,685 27,892 13.6% 34,008 29,934 13.6%

Korea, Republic of 2,727 2,180 25.1% 39,185 37,534 4.4% 41,909 40,088 4.5%

Malaysia 1,999 2,087 -4.2% 21,646 18,424 17.5% 22,797 19,491 17.0%

Canada 1,967 1,887 4.2% 41,466 39,849 4.1% 42,904 41,349 3.8%

Aircraft Movements

International aircraft movements 3,710 3,581 3.6% 42,105 40,746 3.3% 45,673 44,261 3.2%

Domestic aircraft movements 8,616 9,169 -6.0% 99,513 102,498 -2.9% 107,847 110,857 -2.7%

Total aircraft movements 12,326 12,750 -3.3% 141,618 143,244 -1.1% 153,520 155,118 -1.0%

MCTOW (tonnes) ***

International MCTOW 351,456 333,682 5.3% 3,984,225 3,770,736 5.7% 4,318,168 4,092,823 5.5%

Domestic MCTOW 152,571 150,561 1.3% 1,733,195 1,686,367 2.8% 1,871,516 1,820,401 2.8%

Total MCTOW 504,027 484,244 4.1% 5,717,421 5,457,103 4.8% 6,189,685 5,913,225 4.7%

PTO

Issued: 23 June 2014

aucklandairport.co.nz

This monthly traffic update from Auckland International Airport Limited (AIAL) is generated with assistance and data from Statistics New Zealand, the New Zealand Customs Service, Airways New Zealand, Immigration New Zealand and AIAL. International passenger movements are actual, domestic passenger movements are estimated by AIAL. Immigration New Zealand has recently refined the transits data, resulting in a re-statement of

transit numbers year to date and the prior year comparatives. North Queensland Airports has refined their passenger data for Cairns and Mackay Airports from July 2013, resulting in a restatement of passenger numbers year to date and prior year comparatives. North Queensland Airport has also revised Cairns Airport transit passenger numbers in the December 2013 MTU for all months of the 2013 financial year due to an error in their data. This document is intended for information purposes. It should not be considered a recommendation, offer or invitation to purchase securities. All reasonable steps have been taken to ensure that the information is true and accurate at the time of publication. * Total international passengers including transits. **Estimation using best available data. ***Maximum Certificated Take-Off weight (MCTOW) forms the basis of determining airfield charges at

Auckland Airport.

May-14Current

month

Pre vious

ye a rs

period

%

Cha nge

(month)

Fina nc ia l Y TD Previous

fina nc ia l Y TD

% Cha nge

fina nc ia l

YTD

Rolling 12

month tota l

P re vious

12 month

tota l

% Cha nge

in rolling

tota l QUEENSTOWN AIRPORT

Passenger Movements

Total international passengers 12,358 8,755 41.2% 287,567 224,739 28.0% 304,542 236,264 28.9%

Total domestic passengers 59,249 59,611 -0.6% 883,140 900,270 -1.9% 940,074 960,658 -2.1%

Aircraft Movements

International aircraft movements 100 74 35.1% 2,250 1,770 27.1% 2,394 1,868 28.2%

Domestic aircraft movements 542 772 -29.8% 8,186 8,842 -7.4% 8,746 9,480 -7.7%

Total aircraft movements 642 846 -24.1% 10,436 10,612 -1.7% 11,140 11,348 -1.8%

CAIRNS AIRPORT

Passenger Movements

International Passengers movements (excl.

Transits) 30,131 36,868 -18.3% 470,197 517,511 -9.1% 507,620 558,577 -9.1%

Transit movements 8,582 8,815 -2.6% 94,338 101,732 -7.3% 104,613 112,319 -6.9%

Total international passengers 38,713 45,683 -15.3% 564,535 619,243 -8.8% 612,233 670,896 -8.7%

Total domestic passengers 290,912 277,741 4.7% 3,627,551 3,449,258 5.2% 3,952,946 3,757,685 5.2%

Aircraft Movements

International aircraft movements 500 593 -15.7% 6,328 6,716 -5.8% 6,900 7,291 -5.4%

Domestic aircraft movements 3,157 3,188 -1.0% 35,737 35,295 1.3% 38,917 38,336 1.5%

Total aircraft movements 3,657 3,781 -3.3% 42,065 42,011 0.1% 45,817 45,627 0.4%

MACKAY AIRPORT

Passenger Movements

Total Domestic passengers 84,485 94,653 -10.7% 994,035 1,077,097 -7.7% 1,092,964 1,181,813 -7.5%

Aircraft Movements

Domestic aircraft movements 1,046 1,226 -14.7% 12,504 13,170 -5.1% 13,668 14,385 -5.0%


Subject: Auckland Film Studio Limited

Date: 25 June 2014

1. Bookings

A number of ‘pencil’ bookings and enquiries have been made covering the period September

2014 to mid 2015.

2. Operations

Discussions between AFSL and ATEED are continuing.

Prepared and Recommended by



Subject: Diversified Financial Assets Portfolio (DFAP)

Date: 26 June 2014

1. Performance against the reference portfolio and Funds’ benchmarks

The overall gross rate of return on the DFAP for May 2014 was 1.9% which was 0.4% above

the return of the reference portfolio of 1.5%. The year-to-date actual return of 11.9% was

slightly below the reference portfolio return of 12.1%.

During May most of the asset classes over performed their benchmarks.

-2.0%

3.0%

8.0%

13.0%

May-14 YTD (11 months)

1.9%

11.9%

1.5%

12.1%

Total DFAP gross performance vs the reference portfolio

DFA

Reference Portfolio

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

-1.0%

4.1%

1.9% 1.2% 1.0%

0.3%

-1.0%

2.9%

1.8% 1.2% 1.1%

0.3%

May 2014 gross performance of asset classes vs benchmark

Actual Benchmark

For the period to 31 May 2014, all of the asset classes, except for the Global Equities asset

class, performed better than the benchmarks.

The Gross May 2014 and year-to-date performance by individual Funds is summarised in

the table below:

Gross Funds performance

May-14 YTD (11 months)

Actual return

Benchmark Active return

Actual return

Benchmark

Active return

Trans-Tasman Equities

Devon Australasian Core Fund (0.7%) (1.0%) 0.4% 23.7% 16.6% 7.0%

AMP Capital Strategic NZ Shares Fund

0.0% 0.0% 0.0% 15.9% 15.1% 0.8%

Milford NZ Equities Fund (1.4%) (1.0%) (0.4%) 11.4% 7.5% 3.9%

Total Trans-Tasman Equities (1.0%) (1.0%) 0.0% 20.6% 16.6% 4.0%

Global Equities (unhedged and in NZD)

iShares MSCI ACWI Index Fund #

0.0% 0.0% 0.0% 2.3% 2.5% (0.2%)

Schroder Global Equity Alpha Fund

0.0% 0.0% 0.0% 2.8% 5.3% (2.5%)

Schroder Global Enhanced Fund

3.0% 3.2% (0.2%) 6.8% 8.0% (1.2%)

Orbis Global Equity Fund 4.5% 3.2% 1.3% 12.8% 10.9% 2.0%

Janus Global Research Growth Fund

4.9% 3.2% 1.7% 3.6% 5.6% (2.0%)

BNZ Global Equity Currency Hedging

(0.3%) (0.3%) (0.0%) 4.8% 5.1% (0.2%)

Global Equities (50% hedged) 4.1% 2.9% 1.2% 15.7% 16.1% (0.4%)

0.0%

5.0%

10.0%

15.0%

20.0%

25.0% 20.6%

15.7%

7.5% 8.6%

3.4% 3.3%

16.6% 16.1%

7.0% 7.4%

2.5% 2.6%

YTD (11 months) gross performance of asset classes vs benchmark

Actual Benchmark

Real and Alternative Assets

Macquarie: Winton Global Alpha Fund

#

0.0% 0.0% 0.0% (1.1%) (1.3%) 0.2%

AQR Wholesale Delta Fund 1.7% 1.9% (0.2%) (4.6%) (5.3%) 0.7%

Principal Global Property Securities Fund

4.9% 4.8% 0.0% 6.5% 6.3% 0.1%

GAM Absolute Return Bond Fund

2.5% 1.9% 0.6% (0.0%) (2.0%) 2.0%

BNZ Real and Alternatives Currency Hedging

(1.3%) (1.3%) (0.0%) 6.7% 6.7% 0.0%

Real and Alternative Assets (hedged)

1.9% 1.8% 0.1% 7.5% 7.0% 0.5%

Global Fixed Interest

Tower International Bond Fund (PIMCO)

1.5% 1.2% 0.3% 9.7% 7.4% 2.3%

Tower Core International Bond Fund (Wellington Management) #

0.0% 0.0% 0.0% (1.3%) (1.2%) (0.1%)

Bentham Syndicated Loan Fund 0.8% 0.6% 0.2% 4.4% 2.6% 1.8%

BNZ Hedging - Global Fixed Interest

0.0% 0.0% 0.0% 2.1% 2.3% (0.3%)

Total Global Fixed Interest 1.2% 1.2% (0.0%) 8.6% 7.4% 1.2%

New Zealand Fixed Interest

OnePath Sovereign Bond Fund 0.9% 1.1% (0.2%) 2.5% 2.5% 0.0%

OnePath High Grade Bond Fund 1.1% 1.1% 0.1% 4.0% 2.5% 1.6%

Total New Zealand Fixed Interest

1.0% 1.1% (0.0%) 3.4% 2.5% 1.0%

New Zealand Cash

OnePath Cash Fund 0.3% 0.3% 0.1% 3.3% 2.6% 0.8%

Total NZ Cash 0.3% 0.3% 0.1% 3.3% 2.6% 0.8%

Total DFAP (actual vs the reference potfolio)

1.9% 1.5% 0.4% 11.9% 12.1% (0.2%)

# Investments in these funds were terminated in July 2013. The YTD return therefore represents the return over

the month of July.

The over performance of the Global Equities asset class for the month was largely driven by

strong performance of the Janus Global Research Growth and Orbis Global Equity funds.

1.1 Attribution analysis As per the SIPO, ACIL’s long term performance is measured against the reference

portfolio. Analysis of the actual performance against the benchmark portfolio is useful

in determining whether fund manager selection added any value, while comparison to

the reference portfolio returns also shows what value was added/deducted by actively

over or under weighting particular asset classes (tilting).

The actual asset allocation as compared to the benchmark and reference portfolios is

outlined in the table below:

A B C B - C

Benchmark

Portfolio

May-14 Reference Portfolio

Over / (under) weight

Actual

Trans-Tasman Equities 16.0% 16.6% 18.0% (1.4%)

Global Equities 36.0% 35.3% 42.0% (6.7%) Real and Alternative Assets 21.0% 20.8% 10.0% 10.8%

Total Growth Assets 73.0% 72.6% 70.0% 2.6%

Global Fixed Interest 16.5% 16.2% 19.5% (3.3%)

NZ Fixed Interest 4.5% 4.2% 4.5% (0.3%)

NZ Cash 6.0% 6.9% 6.0% 0.9%

Total Income Assets 27.0% 27.4% 30.0% (2.6%)

100% 100% 100% (0%)

The contribution of each asset class to the overall over performance of 0.4% for the month

and underperformance -0.2% year-to-date is outlined below:

Weighted contributions to overall performance relative to the reference portfolio

May-14

YTD (11 months)

Trans-Tasman Equities 0.0% 0.7%

Global Equities 0.4% (0.1%)

Real and Alternative Assets 0.0% 0.1%

Global Fixed Interest 0.0% 0.2%

NZ Fixed Interest 0.0% 0.0%

NZ Cash 0.0% 0.1%

Total manager selection 0.5% 0.9%

Interaction effect * (0.1%) (0.5%)

Asset allocation 0.0% (0.6%)

Overall performance compared to the reference portfolio

0.4% (0.2%)

* Interaction captures the value added/(deducted) that is not attributable solely to the asset allocation and stock selection decisions. It is positive when outperformance is over weighted and when underperformance is underweighted. # Asset allocation contribution was calculated as (Actual Asset Allocation – Reference Portfolio Allocation) *

(Asset Class Benchmark Return – Total Benchmark Return)

From the year-to-date contributions it can be seen that, manager selection within all asset

classes, except the Global Equities asset class, contributed positively to the relative

performance during the reporting period.

However the underweight allocation to Global Equities (that performed strongly as an asset

class relative to the total portfolio benchmark over the reporting period) and the overweight

allocation to Real/Alternative Assets resulted in negative contributions from asset allocation

and interaction effect which translated into overall underperformance when compared to the

reference portfolio. JANA believe that the portfolio is positioned well and that the trend will

reverse.

2. Market value changes and closing balances 2.1 Total DFAP

The total value of the DFAP as at 31 May was $336m ($330m last month).

* A $6.8m distribution was made in July 2012 and a further $17.2m distribution was made in June 2013

2.2 Asset classes

The Trans-Tasman Equities asset class decreased in value by $0.6m due to the overall

weak performance of the asset class.

$m 30-Apr-14 31-May-14 Total movement

Trans-Tasman Equities

AMP Capital Strategic NZ Shares Fund 0.0 0.0 0.0

Devon - Australasian Core Fund 28.3 28.2 (0.2)

Milford NZ Equities Fund 27.8 27.4 (0.4)

Total Trans-Tasman Equities 56.1 55.6 (0.6)

The Global Equities Asset class increased in value by $4.6m mainly due to the very strong performance the Janus Global Research Growth and Orbis Global Equity funds.


Global Equities

Schroder Global Equity Alpha Fund 0 0 0 Schroders Global Enhanced Index Fund

19.9 20.5 0.6

Orbis Global Equity Fund 45.5 47.5 2.0

Janus Global Research Growth Fund 49.2 51.6 2.4

BNZ currency hedging - Global Equities (0.6) (1.0) (0.4)

Total Global Equities 114.0 118.6 4.6

The Real and Alternatives asset class increased in value by $1.2m mainly due to the strong returns generated by the Principal Global Property Securities Fund.


Real and Alternative Assets

Principal Global Property Securities Fund 25.6 26.8 1.2

AQR Wholesale Delta Fund 20.4 20.8 0.3

GAM Absolute Return Bond Fund 23.0 23.6 0.6 BNZ currency hedging - Real and Alternatives

(0.5) (1.4) (0.9)

Total Real and Alternative Assets 68.6 69.8 1.2

The value of the Global Fixed Interest asset class increased by $0.4m.


Global Fixed Interest

Bentham Syndicated Loan Fund 23.8 24.0 0.2 Tower International Bond Fund (PIMCO)

30.1 30.5 0.4

BNZ Hedging - Global Fixed Interest 0 0 0

Total Global Fixed Interest 53.9 54.5 0.6

The value of the New Zealand Fixed Interest asset class increased by $1.6m mainly due to

the $1.5m transfer from the OnePath Cash Fund.


NZ Fixed Interest

OnePath Sovereign Bond Fund 5.0 5.02 0.0

OnePath High Grade Bond Fund 7.6 9.21 1.6

Total NZ Fixed Interest 12.6 14.2 1.6

The NZ Cash asset class decreased in value by $1.4m due to the transfer to the OnePath

High Grade Bond Fund which was done to bring actual asset allocation closer to the target

ranges.


NZ Cash

OnePath Cash Fund 24.5 23.1 (1.4)

Total NZ Cash 24.5 23.1 (1.4)

3. Compliance

As at 31 May 2014 all asset allocations were within the tolerance limits.

Note to the graph:

Dark lines indicate the acceptable range – the range that triggers a rebalancing decision Green bars indicate the tolerance limits – the limits used to assess policy compliance

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

Trans-TasmanEquities

Global Equities Real andAlternative

Assets

NZ FixedInterest

Global FixedInterest

NZ Cash

4. Statement of Financial Performance

$000 May-14 YTD

(11 months)

Direct Investment Surplus

Interest income 2 74

Dividend and distribution income 383 3,940

Direct expenses charged to the fund (38) (143)

Other income 21 291

Total Direct Investment Surplus 368 4,162

Other gains/(losses)

Realised gains/(losses) 355 30,263

Unrealised gains/(losses) 5,378 512

Unrealised foreign currency gains/(losses)

6 (11)

Total other gains/(losses) 5,739 30,764

Total Direct Investment Surplus 6,107 34,926

Indirect investment expenses (79) (871)

- investment advice fees, custodian fees, management fees on some equities funds, cash funds and currency hedging

Total investment surplus/(deficit) 6,028 34,055

Note: Some of the investment expenses in the table above are estimated because the Council is not

invoiced on a monthly basis.

Prepared by

Konstantin Babiy Business Analyst

Recommended by



Subject: Finance Report

Date: 26 June 2014

1. Monthly financial statements

The statements of Financial Position and Performance for ACIL Semi-Group, ACIL Parent,

Airport Shares (Auckland) Ltd and Airport Shares (Manukau) Ltd, are attached. The semi-

group reporting will continue for the rest of the current financial year. They do not include

the financial results for POAL, AFSL nor do they incorporate equity accounting for the

investment in AIAL. The statements cover the period from 1 July 2013 to 31 May 2014.

The main variances between the actual financial results for May 2014 (and year-to-date)

and the budget are outlined below:

a) The return of capital by AIAL was $83.9m higher than the budgeted dividend.

b) The year-to-date dividend paid by POAL was $23.3m above the budget which

includes an additional $16.4m dividend received in April which was due to tax loss

off-sets agreed with Watercare and other entities for FY11-FY13.

c) Favorable year-to-date variance in professional services fees was mainly due to the

lower than budgeted level of legal fees and accounting services fees. The variance

may decrease as we start to involve PWC in the Annual Report process.

d) The budget for interest expense for the $16m Airport Shares (Manukau) Limited

loan was based on the assumption that the Council would charge ACIL its average

cost of funds. During the first half of the year the interest rate wasn’t fixed and as a

result, ACIL was charged a short-term interest rate of around 3.0% compared to the

budgeted rate of 5.66%. The interest rate on this loan was fixed in early January at

4.38%.

2. Dividends

Following Board approval at the last meeting, dividend distributions were paid as follows:

ASAL paid a $60m dividend to ACIL

ASML paid a $46m dividend to ACIL

ACIL paid a $156m dividend to Auckland Council

3. Engagement letter

The Letter of Engagement to conduct the audit of ACIL’s 2013/14 Annual Report has been

signed and sent to Deloitte.

Prepared by

Konstantin Babiy

Business Analyst

Recommended by

Gary Swift

Chief Executive

Auckland Council Investments Limited (semi Group)Statement of Comprehensive Income

Actual Budget Variance Actual Budget Variance

Income

Dividend from AIAL (a) (0) - (0) 119,996 35,158 84,838 35,158 119,996

Dividend from POAL (b) - - - 51,001 27,650 23,351 27,650 51,001

DFA Income 11 10 1 113 110 3 120 120

Interest Income 1 - 1 - 1 - -

Total income 12 10 1 171,111 62,918 108,193 62,928 171,117

Operating Expenditure

Staff costs 58 46 (12) 512 510 (2) 557 560

Directors Fees 19 20 1 204 217 13 236 223

Professional Services ( c ) 67 52 (15) 358 571 213 612 450

Shared Services fees 15 15 - 146 161 15 175 161

Other operating expenditure 2 2 - 22 22 - 23 23

Total operating expenditure 161 135 (26) 1,242 1,481 239 1,603 1,417

Earnings before interest and tax (149) (125) (25) 169,869 61,437 108,432 61,325 169,700

Interest

ASML RPS dividends 505 534 29 5,783 5,771 (12) 6,288 6,300

Interest on $16m ASML loan ( d ) 59 77 18 505 831 326 906 564

Interest on $158m ASAL loan 760 759 (1) 8,208 8,207 (1) 8,942 8,942

Total interest 1,324 1,370 46 14,496 14,809 313 16,135 15,806

Surplus / (deficit) before tax (1,473) (1,495) 21 155,373 46,628 108,745 45,190 153,894

Income tax expense / (benefit) - - - 1,881 - (1,881) - -

Surplus / (deficit) after tax (1,473) (1,495) 21 153,492 46,628 106,864 45,190 153,894

Gain/(loss) on revaluation of AIAL shares (29,296) - (29,296) 149,145 - 149,145 - -

Total comprehensive income (30,770) (1,495) (29,275) 302,637 46,628 256,009 45,190 153,894

Dividend to Auckland Council - - - - - - 45,190 156,000

Total change in equity (30,770) (1,495) (29,275) 302,637 46,628 256,009 - (2,106)

Full Year

Forecast$000

Refer to section

1 of the report

for explanation

For the month ending

31 May 2014Year-to-date (11 months) Full Year

Budget

Auckland Council Investments Limited (semi Group)

Statement of Financial Position

$000 30-Apr-14 31-May-14 Movement

Assets

Current assets

Cash and cash equivalents 147 144 (3)

Short-term loan to Auckland Council 159,488 159,388 (100)

Dividend and other receivables 23 19 (4)

Total current assets 159,658 159,551 (107)

Non-current Assets

Investment in Ports of Auckland Ltd (estimated MV $1079.2m) 329,852 329,852 -

Investment in Auckland International Airport Limited 1,057,325 1,028,030 (29,295)

Investment in Auckland Film Studios Ltd 4,803 4,803 -

Deferred tax assets 40 40 -

Total non-current assets 1,392,020 1,362,725 (29,295)

Total assets 1,551,679 1,522,276 (29,403)

Liabilities

Current liabilities

Trade and other payables 160 233 73

Interest payable on RPS - 535 535

Interest payable to Auckland Council 859 1,619 760

Total current liabilities 1,019 2,387 1,368

Non-current liabilities

Redeemable Preference Shares 125,000 125,000 -

Borrowing from Auckland Council 174,000 174,000 -

Total non-current liabilities 299,000 299,000 -

Total liabilities 300,019 301,387 1,368

Net assets 1,251,660 1,220,889 (30,771)

Equity

Contributed equity 653,144 653,144 -

Retained earnings 98,995 97,521 (1,474)

Revaluation reserve 499,520 470,224 (29,296)

Total equity 1,251,660 1,220,889 (30,771)

Auckland Council Investments Limited (Parent)Statement of Comprehensive Income

Actual Budget Variance Actual Budget Variance

Income

Dividend from ASAL - - - - - - 10,616

Dividend from ASML - - - - - - 8,182

Dividend from POAL (b) - - - 51,001 27,650 23,351 27,650

DFA Income 11 10 1 113 110 3 120

Management fees from ASAL and ASML 15 15 - 161 161 - 175

Interest Income from ASAL and ASML (d ) 819 836 (17) 8,713 9,038 (325) 9,847

Total income 845 861 (17) 59,988 36,959 23,029 56,590


Staff costs 58 46 (12) 512 510 (2) 557

Directors Fees 19 20 1 204 217 13 236

Professional Services 63 48 (15) 322 525 203 562

Shared Services fees 15 15 - 146 161 15 175

Other operating expenditure 2 2 - 22 22 - 23

Total operating expenditure 157 131 (26) 1,206 1,435 229 1,553

Earnings before interest and tax 688 731 (43) 58,782 35,524 23,258 55,037

Interest

Interest on $16m ASML loan (d ) 59 77 18 505 831 326 906

Interest on $158m ASAL loan 760 759 (1) 8,208 8,207 (1) 8,942

Total interest 819 836 17 8,713 9,038 325 9,847

Surplus / (deficit) before tax (131) (106) (25) 50,069 26,486 23,583 45,190

Income tax expense / (benefit) - - - 21 - (21) -

Surplus / (deficit) after tax (131) (106) (25) 50,048 26,486 23,562 45,190

Dividend to Auckland Council - - - - - - 45,190

Total change in equity (131) (106) (25) 50,048 26,486 23,562 -

$000

Refer to

section 1 of the

report for

explanation


31 May 2014Year-to-date (11 months) Full Year

Budget

Auckland Council Investments Limited (Parent)


$000 30-Apr-14 31-May-14 Movement

Assets

Current assets

Cash and cash equivalents 54 51 (3)

Short-term loan to Auckland Council 159,488 159,388 (100)

Interest receivable from ASAL and ASML 859 1,619 760

Other receivables 170 239 69

Total current assets 160,571 161,297 726

Non-current Assets

Investment in Ports of Auckland Ltd (estimated MV $1079.2m) 329,852 329,852 -

Investment in Airport Shares (Auckland) Ltd 189,553 189,553 -

Investment in Airport Shares (Manukau) Ltd 136,436 136,436 -

Loan to Airport Shares (Auckland) Ltd 158,000 158,000 -

Loan to Airport Shares (Manukau) Ltd 16,000 16,000 -

Investment in Auckland Film Studios Ltd 4,803 4,803 -

Deferred tax assets 40 40 -

Total non-current assets 834,684 834,684 -

Total assets 995,255 995,981 726

Liabilities

Current liabilities

Short-term loan from ASAL (Current Acc) 62,332 62,332 (0)

Short-term loan from ASML (Current Acc) 46,583 46,583 -

Trade and other payables 119 216 98

Interest payable to Auckland Council 859 1,619 760

Total current liabilities 109,893 110,750 857

Non-current liabilities

Borrowing from Auckland Council 174,000 174,000 -

Total non-current liabilities 174,000 174,000 -

Total liabilities 283,893 284,750 857

Net assets 711,362 711,231 (131)

Equity


Retained earnings 52,634 52,503 (131)

Total equity 711,362 711,231 (131)


Statement of Comprehensive Income

$000 Actual Budget Variance Actual Budget Variance

Income

Dividend Income (a) - - - 52,885 15,495 37,390 15,495

Interest Income - - - 1 - 1 -

Total income - - - 52,886 15,495 37,391 15,495

Operating expenditure

Professional Services and management fees 10 10 - 105 110 5 120

Total operating expenditure 10 10 - 105 110 5 120

Earnings before interest and tax (10) (10) - 52,781 15,385 37,396 15,375

RPS payments 505 534 29 5,783 5,771 (12) 6,288

Interest on $16m loan ( d ) 59 77 18 505 831 326 906

Surplus / (deficit) before tax (574) (621) 47 46,493 8,783 37,710 8,182

Income tax expense / (benefit) - - - - - - -

Surplus / (deficit) after tax (574) (621) 47 46,493 8,783 37,710 8,182

Gain/(loss) on revaluation of AIAL shares (12,911) - (12,911) 65,732 - 65,732 -

Total comprehensive income (13,485) (621) (12,865) 112,225 8,783 103,442 8,182

Dividend to ACIL - - - - - - 8,182

Total change in equity (13,485) (621) (12,865) 112,225 8,783 103,442 -


31 May 2014Year-to-date (11 months)

Full Year

Budget

Refer to section

1 of the report

for explanation



30-Apr-14 31-May-14 Movement

Assets

Cash on hand 40 40 -

Short-term loan to ACIL (Current Acc) 46,583 46,583 -

Investment in Auckland International Airport Ltd 465,988 453,077 (12,911)

Total assets 512,611 499,700 (12,911)

Liabilities

Interest payable to ACIL 100 100 -

RPS interest accrual - 535 535

Other accruals 100 140 40

Redeemable Preference Shares (September 2015,

5.03%)125,000 125,000 -

Loan from Auckland Council Investments Limited 16,000 16,000 -


Net assets 371,411 357,925 (13,486)

Equity


Retained earnings (20,761) (21,336) (576)


Total equity 371,411 357,925 (13,486)

1 AIAL share price decreased from $3.97 ps to $3.86 ps.


Statement of Comprehensive Income

$000 Actual Budget Variance Actual Budget Variance

Income

Dividend Income (a) (0) - (0) 67,111 19,663 47,448 19,663

Interest Income - - - 1 - 1 -

Total income (0) - (0) 67,112 19,663 47,449 19,663


Professional Services and management fees 9 9 (0) 91 96 5 105

Total operating expenditure 9 9 (0) 91 96 5 105

Earnings before interest and tax (9) (9) (0) 67,021 19,567 47,454 19,558

Interest on $158m loan 760 759 (1) 8,208 8,207 (1) 8,942

Surplus / (deficit) before tax (769) (768) (1) 58,813 11,360 47,453 10,616

Income tax expense / (benefit) - - - 1,881 - 1,881 -

Surplus / (deficit) after tax (769) (768) (1) 56,932 11,360 45,572 10,616

Gain/(loss) on revaluation of AIAL shares (16,385) - (16,385) 83,413 - 83,413 -

Total comprehensive income (17,154) (768) (16,386) 140,345 11,360 128,985 10,616

Dividend to ACIL - - - - - - 10,616

Total change in equity (17,154) (768) (16,386) 140,345 11,360 128,985 -


31 May 2014Year-to-date (11 months)

Full Year

Budget

Refer to section

1 of the report

for explanation



30-Apr-14 31-May-14 Movement

Assets

Bank 53 53 -

Short-term loan to ACIL (Current Acc) 62,332 62,332 (0)

Investment in Auckland International Airport Ltd 591,337 574,953 (16,384)

Total assets 653,722 637,338 (16,384)

Liabilities

Interest payable to ACIL 760 1,519 760

Other accruals 87 96 8

Loan from Auckland Council Investments Limited 158,000 158,000 -


Net assets 494,875 477,723 (17,152)

Equity


Retained earnings 61,538 60,771 (767)


Total equity 494,875 477,723 (17,152)

1 AIAL share price decreased from $3.97 ps to $3.86 ps.


Subject: Auckland Council

Date: 25 June 2014

1. Statement of Intent

The statement of intent was sent to the Deputy Mayor on 12 June 2014.

2. CCO Review

Attached is a report for Council on the CCO review for their meeting on 26 June.

Prepared by

Konstantin Babiy Business Analyst

Recommended by


REPORT FOR COUNCIL ON THE CCO REVIEW

The report is available on Auckland Council website in the agenda and minutes

section for the Governing Body meeting on 26 June 2016 (see section 14).

http://infocouncil.aucklandcouncil.govt.nz/Open/2014/06/GB_20140626_AGN_4570_

AT_WEB.HTM

http://infocouncil.aucklandcouncil.govt.nz/Open/2014/06/GB_20140626_AGN_4570_AT_WEB.HTM

http://infocouncil.aucklandcouncil.govt.nz/Open/2014/06/GB_20140626_AGN_4570_AT_WEB.HTM

TIMETABLE AND WORK PLAN

DATE MEETING AUCKLAND COUNCIL

PORTS OF AUCKLAND LTD

AUCKLAND INTERNATIONAL

AIRPORT LTD

AUCKLAND FILM STUDIOS

LTD

DIVERSIFIED FINANCIAL ASSETS

INTERNAL

2 July 2014 Board Meeting POAL Board in attendance

29 July 2014 (all day)

Russell Investments Conference Auckland

31 July 2014 (Teleconference call)

Special ACIL board meeting / audit committee meeting

Review and approval of reporting pack for year end

6 August 2014 11.30am

Board Meeting Quarterly report to 30 June

Review of CE performance & remuneration Insurance renewal confirmation

15 August 2014 10-10.30am

ACIL CCO Meeting with Mayor

26 August 2014

Financial year 2014 results announcement

2 September 2014 (time to be confirmed)

CCO Governance & Monitoring Committee Meeting

4TH

quarter report

3 September 2014 11.30am

Audit Committee Meeting

Audit committee review of financial statements and SOSP


Board Meeting Annual Report

Quarterly report to 30 June Annual report

Jana June quarterly report

Approve Annual Reports – ACIL, ASML and ASAL


Jana Conference

(Grand Hyatt, Melbourne)

October 2014 (No board meeting)

Review draft annual plan for 2014/15

Review of director appointments

Review of director appointments

Approve RPS dividend

October 2014 AGM




AIRPORT LTD


LTD


INTERNAL

5 November 2014 11.30am

Board Meeting Quarterly report to 30 September

Milford Asset Management representatives in attendance

14 November 2014 10-10.30am


2 December 2014 (time to be confirmed)


1st Quarter report

3 December 2014 11.30am

Board Meeting AGM Quarterly report to 30 September

Jana September Quarterly report

AGMs – ACIL, ASAL, ASML, AFSL

December 2014 Date and time tbc

Chief Executive and Chair to meet with Mayor and other CCOs


Chief Executive and Chair to meet with Mayor


Meeting with POAL Board

January 2015 Date and time tbc

Audit Committee Meeting and Board Meeting

4 February 2015 10.30am

Board Meeting Annual Plan 2015/16 Submit draft SOI for 2015/2018

Quarterly report to 31 December

February 2015 Date and time tbc


February 2015 Date and time tbc

Half year results announced

March 2015 Date and time tbc


4th

March 2015 10.30am

Board Meeting Review 2015/16 Budget and update financial projections for LTP

Review draft SCI Quarterly report to 31 December

Jana December quarterly report

1st April 2015

10.30am Board Meeting Review OIPO Approve RPS dividend

6 May 2015 10.30am





AIRPORT LTD


LTD


INTERNAL

May 2015 Date and time tbc

Chair & CEO meet Council on Annual Plan update 2015/16

May 2015 Date and time tbc

Board Meeting SOI 2015/18 review of comments by Council

Quarterly report to 31 March

Review of Responsible Investment policy

Review of ACIL’s Plans and Policies

3 June 2015 10.30am

Board Mtg and Public Meeting to consider shareholder’s comments on SOI

ACIL board to approve final SOI 2015/18

Approval of SCI

Quarterly report to 31 March

Jana March quarterly report

Approve 2015/16 budget Dividend approval Confirm level of insurance required for 2015/16

June 2015 Date and time tbc

Audit Committee Meeting

Audit planning and year-end time table Review of risk register Review of committee’s terms of reference

1 July 2015 10.30am

Board Meeting POAL Board in attendance

Director performance assessment

Please Note: Board Meeting details are subject to change but are published in the NZ Herald prior to the meeting and on the website:



ACIL Presentation to Boards & Panels

Done

Responded

No response

Declined

A. LOCAL BOARDS

2014

2013

Albert-Eden

12 March 3.30-4.30pm Waitemata Local Board Office, Level 2, 35 Graham Street

Devonport-Takapuna

Letter sent 22 January expressing ACIL’s interest in updating the board on ACIL’s activities.

√

Franklin


√

Great Barrier

Declined

√

Henderson-Massey

10 June 14 – 1:45pm – 2:30pm Council Chambers Henderson Civic Centre, 6 Henderson Valley Road, Henderson

√

Hibiscus and Bays


Howick


Kaipatiki


√

Mangere


Manurewa


Maungakiekie

17 June 2014 - 2:00 – 3:00pm

Maungakiekie-Tamaki Local Board Office, 7-13 Pilkington Road Panmure

Orakei

12 February 11.30am With Desley Simpson and Mark Thomas

√

Otara-Papatoetoe

11 July 2014 10:40 – 11.10am Res Sth Civic L1, Woodside

√

Papakura Letter sent 22 January expressing ACIL’s interest in updating the board on ACIL’s

activities.

Puketapapa


√

ACIL Presentations to Boards / Panels / Other Groups

Done

Responded

No response

Declined

A. LOCAL BOARDS

2014 2013

Rodney Letter sent 22 January expressing ACIL’s interest in updating the board on ACIL’s

activities. √

Upper Harbour Letter sent 22 January expressing ACIL’s interest in updating the board on ACIL’s

activities.

√

Waiheke Letter sent 22 January expressing ACIL’s interest in updating the board on ACIL’s

activities.

Waitakere Ranges Letter sent 22 January expressing ACIL’s interest in updating the board on ACIL’s

activities.

Waitemata


Whau

Yes, time to be confirmed

√

B. BOARDS/PANELS

2014 2013

Independent Maori Statutory Board

Letter sent 29 January. Acknowledged receipt. Further email sent 11

June 2014. Acknowledged receipt.

√

Business Advisory Panel Letter sent 29 January. Acknowledged receipt.

√

Rural Advisory Panel Letter sent 29 January expressing ACIL’s interest in updating the board on ACIL’s

activities.

√

Youth Advisory Panel Letter sent 29 January expressing ACIL’s interest in updating the board on ACIL’s

activities.

Pacific Peoples Advisory Panel


Ethnic Advisory Panel

Members yet to be selected. 1st meeting in May. Panel coordinator yet to be

appointed, will keep us posted.

ACIL Presentations to Boards / Panels / Other Groups

C. OTHER

From time to time ACIL management may be invited to present to business groups on its purpose, role

and activities. These will be included in this schedule as they arise. The first of these will occur on 20

February. The Chief Executive has been invited to speak at a Northern Club luncheon. The format of

these presentations will follow very much the style and content of the presentations to local boards and

Council advisory panels.

auckland council investments limited...

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