12 JUNE

NEW ZEALAND GAZETTE

1767

2. Interpretation—(1) Unless the context otherwise
   requires:
   “agency deposit” means a deposit (not being an
   investment deposit) held as agent or attorney;
   “call deposit” means a deposit (not being an agency
   deposit, an investment deposit, a special deposit or a
   trust deposit) held in the ordinary course of
   administration, and determined by Public Trust to be
   held at call;
   “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 (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
   29 May 2003 is revoked.
   (2) The rates of interest specified in Schedule 1 to this notice
   do not apply to any period that ends with 5 June 2003 but
   otherwise operate as from 6 June 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
   10 June 2003; but
   (ii) do apply to investment deposits repayable at
   the end of a fixed term that commenced on or after
   10 June 2003.

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 10th day of June 2003.
PAT WAITE, Chief Executive, Public Trust.
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Authorities and Other Agencies of State Notices

Building Industry Authority

Buildings Act 1991

Proposed Recommendation for Amendment to the Building Regulations 1992

Pursuant to section 48 (4) of the Buildings Act 1991, notice
is hereby given that the Building Industry Authority intends
to make a recommendation for the amendment of the
Building Regulations 1992.

That recommendation relates to the making of amendments
to clause F4 of the First Schedule to the Building
Regulations 1992 (“the building code”).

Dated this 4th day of June 2003.
BARRY BROWN, Presiding Member, Building Industry
Authority.
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