Further update after talking to Aust customs on my way out yesterday,
1. For individuals holding a commissioners permit which allows Rifles and ammo into the country you must also fill out an export permit as well, This is generally done at the airport customs area on your way out. You need to allow at least one hour prior to checkin. If you wish to take ammo out of the country the export permit must also include ammo. The max you can take out is what you state on the permit. The relevant form to fill out to export is on the web
2. For a group event such as the Masters games the export portion is handled by the organising committee in which customs has a spreadsheet with the relevant details. Clearence is done at the venue and your case is sealed by customs. Where we fell over is the OC for the WMG did not include Ammo on their documentation
3. NZ part is really easy - go to the arms office with the make model and serial number, flight details prior to your trip. NZ police will check the serial numbers on your entry back into NZ at the airport takes about 5 mins