22 MAY

NEW ZEALAND GAZETTE

1379

Schedule 2

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

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 | 4.90
For the range $50,000 to $249,999 inclusive | 5.00
For the range above $250,000 | 5.10

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 | 4.90
For the range $50,000 to $249,999 inclusive | 5.00
For the range above $250,000 | 5.10

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 | 4.90
For the range $50,000 to $249,999 inclusive | 5.00
For the range above $250,000 | 5.10

Dated at Wellington this 20th day of May 2003.

PAT WAITE, Chief Executive, Public Trust.

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Social Development

Social Security Act 1964

Special Needs Grant Amendment 2003

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 Special Needs Grant Programme (as established and approved on 18 December 1998).

Dated at Wellington this 14th day of May 2003.

STEVE MAHAREY, Minister of Social Services and Employment.

Amendment

1. Title—(1) This amendment is the Special Needs Grant Amendment 2003.

(2) In this amendment, the Special Needs Grant Programme is called “the programme”.

2. Commencement—(1) Clause 3 of this amendment comes into effect on 1 July 2003.

(2) Clause 4 of this amendment comes into effect on the day after the date on which it is approved.

3. Definitions—(1) The definition of district in clause 18.5 of the programme is amended by omitting the expression “1974” and substituting the expression “2002”.

(2) The definition of region in clause 18.5 of the programme is amended by omitting the expression “1974” and substituting the expression “2002”.

4. Special assistance to the rural sector—Clause 18.8 of the programme is amended by inserting after the words “that person’s income” wherever they occur, the words “which is more than $80 a week”.

Explanatory Note

This note is not part of the amendment, but is intended to explain its general effect.

This amendment to Part 6 of the Special Needs Grant Programme (Special Assistance to the Rural Sector) introduces an abatement free zone of $80.00 a week. Where farmers earn in excess of $80.00 a week, the grant abates dollar for dollar. This amendment also consequentially amends the programme to take account of the Local Government Act 2002, the relevant sections of which come into force on 1 July 2003.

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Extension of Approval in Relation to Rural Assistance Under Special Needs Grant Programme

Under clauses 18.2 and 18.6 of the Special Needs Grant Programme (as established and approved on 18 December 1998 under section 124 (1) (d) of the Social Security Act 1964), I give my approval for Part 6 of the programme to continue to apply as follows.

Rural Assistance—Farmers

1. Farmers in the affected areas whose land based industry is directly affected by the drought conditions over the 2002 to 2003 summer period are eligible to be considered for financial assistance under Part 6 of the programme.

2. In relation to such farmers, Part 6 applies for the period beginning on 19 May 2003 and ending on 31 August 2003, unless further extended by the Minister.

3. For the purposes of this approval, affected areas means the following regions and districts:

• Taranaki Region.
• Wanganui District.
• Rangitikei District.
• Manawatu District.
• Horowhenua District.
• Tararua District.
• Kapiti Coast District.
• The district of Upper Hutt City.
• Masterton District.
• Carterton District.
• South Wairarapa District.

Dated this 14th day of May 2003.

STEVE MAHAREY, Minister of Social Services and Employment.

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