β¨ Public Trust Interest Rates and Treasury Notice
7 MARCH
NEW ZEALAND GAZETTE
599
"deposit" means a sum of money held by Public Trust belonging to any estate, which money for the time being forms part of the Common Fund;
"investment deposit" means a deposit held at call or otherwise as an investment under section 51 of the Act;
"special deposit" means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;
"trust deposit" means a deposit held on trust:
(i) for persons not of full age or capacity; or
(ii) for beneficiaries not entitled to payment at call; or
(iii) otherwise than at call (not being a special deposit).
(2) Expressions defined in the Act have the same meaning in this notice as they do in the Act.
3. Rates of Common Fund interest
(1) The rate of Common Fund interest payable on a deposit (other than an investment deposit repayable at the end of a fixed term) shall be that specified in Schedule 1 for the appropriate type of deposit.
(2) The rate of Common Fund interest payable on an investment deposit repayable at the end of a fixed term shall be that specified in Schedule 2 for the appropriate term and dollar range.
(3) Despite subparagraph (1), the rate of Common Fund interest payable on a deposit made pursuant to an enactment shall be the rate (if any) specified in the enactment.
(4) Despite subparagraph (2), in particular cases or classes of case, Public Trust and the depositor may agree on a rate of interest payable on a special deposit that is different from the rate specified in Schedule 1 and the agreed rate then applies.
Schedule 1
Rate of interest payable on a deposit (other than an investment deposit repayable at the end of a fixed term)
| Type of Deposit | % interest rate p.a. |
|---|---|
| Agency deposit | 3.10 |
| Call deposit | 1.50 |
| Investment deposit at call | 3.10 |
| Special deposit | 3.00 |
| Trust deposit | 3.25 |
Schedule 2
Rate of interest payable on an investment deposit repayable at the end of a fixed term
| Term and Dollar Range of the Deposit | % interest rate p.a. |
|---|
Fixed term of 3 months
For the range $5,000 to $9,999 inclusive | 4.45 |
For the range $10,000 to $49,999 inclusive | 4.50 |
For the range $50,000 to $249,999 inclusive | 4.55 |
For the range above $250,000 | 4.65 |
Fixed term of 6 months
For the range $5,000 to $9,999 inclusive | 4.45 |
For the range $10,000 to $49,999 inclusive | 4.50 |
For the range $50,000 to $249,999 inclusive | 4.55 |
For the range above $250,000 | 4.70 |
Fixed term of 9 months
For the range $5,000 to $9,999 inclusive | 4.45 |
For the range $10,000 to $49,999 inclusive | 4.50 |
For the range $50,000 to $249,999 inclusive | 4.55 |
For the range above $250,000 | 4.75 |
Fixed term of 12 months
For the range $5,000 to $9,999 inclusive | 4.55 |
For the range $10,000 to $49,999 inclusive | 4.70 |
For the range $50,000 to $249,999 inclusive | 4.80 |
For the range above $250,000 | 5.00 |
Dated at Wellington this 1st day of March 2002.
TIM SOLE, Chief Executive, Public Trust.
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Treasury
Land Transfer Act 1952
Companies Act 1993
Notice of Disclaimer Under Section 325 of the Companies Act 1993
In the matter of the Land Transfer Act 1952, and in the matter of section 325 of the Companies Act 1993, and in the matter of EO & LH Price Limited:
Take notice that I, Alan Esmond Bollard, Secretary to the Treasury, pursuant to section 325 of the Companies Act 1993, hereby disclaim for and on behalf of Her Majesty the Queen, all right, title and interest of Her Majesty the Queen in an estate in fee simple in all that parcel of land containing three thousand one hundred and eighty one square metres (3181mΒ²), more or less, situate in the City of Invercargill being Lot 1, Deposited Plan 10071 and being part Block LXXVII, Town of Invercargill, and being all the land comprised and described in certificate of title 5D/1212, Southland Land Registry, being a property formerly held by EO & LH Price Limited, a company removed from the Companies Register on 23 December 1999, and formerly having its registered office at Invercargill.
And I certify that the vesting of the said properties did not come to my notice until 26 February 2002.
Dated at Wellington this 1st day of March 2002.
Signed by the Secretary to the Treasury, the said Dr Alan Esmond Bollard, for and on behalf of Her Majesty the Queen in the presence of:
KIM HAILWOOD, Executive Assistant, Wellington.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 20
Gazette.govt.nz —
NZ Gazette 2002, No 20
β¨ LLM interpretation of page content
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Public Trust Common Fund Interest Rates Notice
(continued from previous page)
π’ State Enterprises & Insurance1 March 2002
Public Trust, Common Fund, Interest Rates, Deposits, Schedules
- TIM SOLE, Chief Executive, Public Trust
βοΈ Notice of Disclaimer Under Section 325 of the Companies Act 1993
βοΈ Justice & Law Enforcement1 March 2002
Disclaimer, Land Transfer Act, Companies Act, EO & LH Price Limited, Invercargill
- Alan Esmond Bollard, Secretary to the Treasury
- KIM HAILWOOD, Executive Assistant, Wellington