✨ Public Trust and Social Development Notices
2078 NEW ZEALAND GAZETTE No. 78
"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.
- 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 (1), 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.
- Revocation of notice and transitional provisions—
(1) The Public Trust Common Fund Interest Rates Notice 27 June 2002 is revoked.
(2) The rates of interest specified in Schedule 1 to this notice do not apply to any period that ends with 5 July 2002 but otherwise operate as from 6 July 2002.
(3) The rates of interest specified in Schedule 2 to this notice:
(i) do not apply to investment deposits repayable at the end of a fixed term that commenced prior to 6 July 2002; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 6 July 2002.\n
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 | 3.75 |
| Call deposit | 2.25 |
| Investment deposit at call | 3.75 |
| Special deposit | 5.80 |
| Trust deposit | 3.75 |
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 | 4.89 |
| For the range $10,000 to $49,999 inclusive | 5.10 |
| For the range $50,000 to $249,999 inclusive | 5.14 |
| For the range above $250,000 | 5.15 |
| Fixed term of 6 months | |
| For the range $5,000 to $9,999 inclusive | 5.14 |
| For the range $10,000 to $49,999 inclusive | 5.57 |
| For the range $50,000 to $249,999 inclusive | 5.60 |
| For the range above $250,000 | 5.63 |
| Fixed term of 9 months | |
| For the range $5,000 to $9,999 inclusive | 5.18 |
| For the range $10,000 to $49,999 inclusive | 5.53 |
| For the range $50,000 to $249,999 inclusive | 5.58 |
| For the range above $250,000 | 5.67 |
| Fixed term of 12 months | |
| For the range $5,000 to $9,999 inclusive | 5.32 |
| For the range $10,000 to $49,999 inclusive | 6.08 |
| For the range $50,000 to $249,999 inclusive | 6.12 |
| For the range above $250,000 | 6.20 |
Dated at Wellington this 8th day of July 2002.
TIM SOLE, Chief Executive, Public Trust.
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Social Development
Social Security Act 1964
Care Supplement Amendment 2002
Pursuant to section 124 (1) (d) of the Social Security Act 1964, the Minister of Social Services and Employment establishes and approves the following Amendment to the Care Supplement Programme established and approved on 22 June 1999.
Dated at Wellington this 30th day of June 2002.
STEVE MAHAREY, Minister of Social Services and Employment.
Amendment
- Title—(1) This amendment is the Care Supplement Amendment 2002.
(2) In this amendment, the Care Supplement Programme is called "the programme".
-
Commencement—This amendment comes into effect on 1 July 2002.
-
Purpose—Clause 2.1 of the programme is amended by omitting the words "the Director-General’s".
-
Definitions—(1) Clause 3.1 of the programme is amended by inserting, after the definition of care supplement, the following definition:
"child has the meaning in section 3 (1) of the Act"
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 78
Gazette.govt.nz —
NZ Gazette 2002, No 78
✨ LLM interpretation of page content
🏢
The Public Trust Common Fund Interest Rates Notice 11 July 2002
(continued from previous page)
🏢 State Enterprises & Insurance8 July 2002
Public Trust, Common Fund, Interest Rates, Schedules
- TIM SOLE, Chief Executive, Public Trust
🏥 Care Supplement Amendment 2002
🏥 Health & Social Welfare30 June 2002
Social Security Act 1964, Care Supplement, Amendment
- STEVE MAHAREY, Minister of Social Services and Employment