Curiously... this is the "factsheet" for the law in NZ
Compulsory equipment
A red or yellow rear reflector that is visible from a distance of 100 metres when light shines on it.
Good brakes on the front and back wheels (or, if the cycle was made before 1 January 1988, a good brake on the back wheel).
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When cycling at night or when visibility is poor, cycles must have the following:
One or more steady or flashing rear-facing red lights that can be seen at night from a distance of 100 metres.