3 JULY

NEW ZEALAND GAZETTE

Kim Bernadette Frances Hastie of Auckland
Anna Jane Johns of Auckland
Christian Nathaniel Whata of Auckland
Amelia Schaaf of Auckland
Grant Douglas Pearson of Wellington
to be members of the Refugee Status Appeals Authority for
a term commencing on 1 July 2003 and ceasing at the end of
30 June 2007.
Dated at Wellington this 26th day of June 2003.

LIANNE DALZIEL, Minister of Immigration.

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Public Trust

Public Trust Act 2001

The Public Trust Common Fund Interest Rates

Notice 3 July 2003

Pursuant to sections 50 (1) and 50 (5) of the Public Trust
Act 2001 (“the Act”), the following notice is given.

Notice

1. Title and commencement—(1) This notice may be
   cited as the Public Trust Common Fund Interest Rates
   Notice 3 July 2003.

(2) The determinations and revocation notified in this notice
take effect from and including 2 July 2003.

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
26 June 2003 is revoked.

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

(ii) do apply to investment deposits repayable at
the end of a fixed term that commenced on or after
2 July 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 1st day of July 2003.

PAT WAITE, Chief Executive, Public Trust.

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