And in 60 years of peace-keeping operations in 40 countries, two New Zealanders were killed in Kuwait and Bosnia.
Parliamentary tour notes say the wood-carved plaques were placed in the debating chamber "as solemn reminders of the gravity of decisions made by Parliamentarians to send men and women overseas on active service and operations, and to acknowledge the service and sacrifice of those men and women".
Former Australian Prime Minister Julia Gillard referred to the plaques in a speech in the debating chamber in 2011, describing them as "snapshots of the shared and lasting bonds between our two nations".
"Our ties were indelibly forged in hardship and mateship, from Gallipoli and the Somme to Tobruk, Korea and beyond ... And wherever Australian and New Zealand blood has been shed, it remains sacred ground."
MPs from all parties were expected to attend the ceremony. Green Party defence spokesman Kennedy Graham said he had "no problem" with honouring New Zealand's military campaigns in the House.
The Herald has agreed with a request by the Defence Force to not identify SAS soldiers at the ceremony.