NEW ZEALAND GAZETTE

1 MAY 1131

“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 (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.

4. Revocation of notice and transitional provisions

(1) The Public Trust Common Fund Interest Rates Notice 17 April 2003 is revoked.

(2) The rates of interest specified in Schedule 1 to this notice do not apply to any period that ends with 29 April 2003 but otherwise operate as from 30 April 2003.

(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 30 April 2003; but

(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 30 April 2003.\n

Schedule 1

Rate of interest payable on a deposit (other than an investment deposit repayable at the end of a fixed term)

Schedule 2

Rate of interest payable on an investment deposit repayable at the end of a fixed term

Dated at Wellington this 30th day of April 2003.

PAT WAITE, Acting Chief Executive, Public Trust.

--

Authorities and Other Agencies of State Notices

Commerce Commission

Telecommunications Act 2001

Investigation Into the Initial Pricing Principle for Bundle of Retail Services Offered by Means of Telecom’s Fixed Telecommunications Network

Pursuant to clause 2 of Part 1 of Schedule 3 of the Telecommunications Act 2001 (“the Act”), the Commerce Commission (“the commission”) gives public notice of the publication of its draft report into the initial pricing principle for the designated service “Bundle of retail services offered by means of Telecom’s fixed telecommunications network”.

On 27 February 2003, the commission gave public notice of its decision to investigate the initial pricing principle for the designated service.

This followed a request from the Minister of Communications on 30 January 2003, to commence an investigation to determine whether the initial pricing principle for this designated access service should be amended.

The commission requests submissions on the draft report on or before Thursday, 29 May 2003.

Pursuant to clause 3 of Part 1 of Schedule 3 of the Act, the commission will not be holding a public hearing.

Under the Act, the commission must make reasonable efforts to deliver a final report to the Minister of Communications within 120 working days of giving public of the commencement of the investigation.

This period elapses on 20 August 2003.

A copy of the commission’s draft report can be downloaded from the commission’s web site at: