Have you set up your account completely at Kobobooks.com? Does it have your address details in there? They need your address in order to determine which books you are "allowed" to buy under the geographic restrictions.
I have a KT and got it working in New Zealand with no problems so drop me a PM if you can't figure it out and I'll see if I can help.
Can't have the first purchaser of a KT in New Zealand unable to access their reader - not a good start for kobo!
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