Mr Goff said immediate members of the prohibited people's families would also be affected.
Children of those on the list would not be eligible for Official Development Assistance study grants in New Zealand.
"Now that is a little tough, but it is a sign that if people overthrow an elected democracy then there will be costs that they and their family will bear directly," Mr Goff said.
It would be counterproductive to impose other sanctions now if Speight and his supporters were not part of the new regime, due to be announced tomorrow.
As well as the list of banned Fijians, New Zealand had already applied sanctions in the defence area, with the suspension of ship visits to Fiji and a freeze on senior-officer visits. Exercises, planning and training deployments in Fiji had been cancelled and no candidates were being sought for the mutual assistance programme for Fijian defence personnel.
The defence sanctions could be changed if the incoming Administration set a clear timetable for the re-establishment of democracy, Mr Goff said.
Aid to Fiji had effectively been halved from $5 million to $2.5 million.
Existing education programmes would be frozen, meaning students already here could complete their courses, but no new students would be taken under Government-sponsored programmes. The Government spent $1.1 million on study awards to Fijian students last year.
The Australian cabinet will meet today to consider measures against Fiji. They are likely to include the suspension or downgrading of military and sporting links. Trade and economic sanctions are unlikely to be imposed because of Canberra's reluctance to cripple the country.
More Fiji coup coverage
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The hostages
Under seige: map of the Parliament complex
Fiji facts and figures
Images of the coup - a daily record
George Speight: "I’m certainly not mad."
