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Responsibilities of the Board members

The Board members are responsible for preparing

financial statements and performance information that:

comply with generally accepted accounting

practice in New Zealand;

present fairly the Group’s financial position,

financial performance and cash flows; and

present fairly the Group’s performance.

The Board member’s responsibilities arise from the

Crown Entities Act 2004 and the New Zealand Tourism

Board Act 1991.

The Board members are also responsible for such

internal control as is determined is necessary to

enable the preparation of financial statements and

performance information that are free from material

misstatement, whether due to fraud or error. The Board

members are also responsible for the publication of the

financial statements and the performance information,

whether in printed or electronic form.

Responsibilities of the Auditor

We are responsible for expressing an independent

opinion on the financial statements and the

performance information and reporting that opinion to

you based on our audit. Our responsibility arises from

the Public Audit Act 2001.

Independence

When carrying out the audit, we followed the

independence requirements of the Auditor-General,

which incorporate the independence requirements of

the External Reporting Board.

Other than the audit, we have no relationship with or

interests in the Group.

Stuart Mutch

Ernst & Young

On behalf of the Auditor-General

Wellington, New Zealand

Sara Orme

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