New Zealand Gazette – 2004 – No. 145

Page 3682

✨ Public Trust Interest Rates

NEW ZEALAND GAZETTE, No. 145

11 NOVEMBER 2004

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 protection 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;

"protection deposit" means a deposit, held at call, of tuition, boarding, accommodation or other fees by or on behalf of a student enrolled at a private training establishment within the meaning of Part 18 of the Education Act 1989;

"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 (not being an agency deposit, an investment deposit, a protection deposit or a special 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.

(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 on deposits (other than investment deposits repayable at the end of fixed term or protection deposits) shall be that specified in Schedule 1 for the appropriate type of deposits.

(2) The rate of Common Fund interest on each protection deposit associated with a particular private training establishment shall be that specified in Schedule 2 for the appropriate dollar range of the total of those deposits.

(3) The rate of Common Fund interest payable on investment deposits repayable at the end of a fixed term shall be that specified in Schedule 3 for the appropriate interest payment frequency, term and dollar range.

(4) Despite subparagraph (1), the rate of Common Fund interest payable on deposits made pursuant to an enactment shall be the rate (if any) specified in the enactment;

(5) Despite subparagraphs (1), (2) and (3), in particular cases or classes of case, Public Trust and the depositor may agree on a rate of interest payable on investment deposits, protection deposits or special deposits that is different from the rate specified in Schedules 1, 2, or 3 and the agreed rate then applies.

4. Revocation of notice and transitional provisions—

(1) The Public Trust Common Fund Interest Rates Notice 7 October 2004 is revoked.

(2) The rates of interest specified in Schedules 1 and 2 to this notice do not apply to any period that ends with 3 November 2004 but otherwise operate as from 4 November 2004.

(3) The rates of interest specified in Schedule 3 to this notice:

(i) do not apply to investment deposits repayable at the end of a fixed term that commenced prior to 4 November 2004; but

(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 4 November 2004.

Schedule 1

Rates of interest payable on deposits (other than investment deposits repayable at the end of fixed term or protection deposits)

% p.a.
Agency deposits
Call deposits
Investment deposits at call
Special deposits
Trust deposits

Schedule 2

Rates of interest payable on each protection deposit associated with a particular private training establishment

% p.a.
Total deposits do not exceed $350,000
Total deposits in range $350,001 to $1,750,000
Total deposits exceed $1,750,000

Schedule 3

Rates of interest payable on investment deposits repayable at the end of a fixed term

Interest payable on maturity

	$5,000-$9,999	$10,000-$49,999	$50,000-$249,999	$250,000+
	% p.a.	% p.a.	% p.a.	% p.a.
3 mths	4.80	5.50	5.65	5.65
6 mths	5.00	6.20	6.25	6.25
9 mths	5.20	6.20	6.25	6.30
1 yr	5.20	6.30	6.35	6.40
18 mths	6.00	6.30	6.35	6.40
24 mths	6.00	6.30	6.35	6.40
30 mths	6.00	6.30	6.35	6.40
36 mths	6.00	6.30	6.35	6.40
4 yrs	5.95	6.25	6.30	6.35
5 yrs	5.90	6.20	6.25	6.30

Interest payable monthly

	$20,000-$49,999	$50,000-$249,999	$250,000+
	% p.a.	% p.a.	% p.a.
6 mths	6.12	6.17	6.17
9 mths	6.08	6.12	6.17
1 yr	6.13	6.17	6.22
18 mths	6.13	6.17	6.22
24 mths	6.13	6.17	6.22
30 mths	6.13	6.17	6.22
36 mths	6.13	6.17	6.22
4 yrs	6.08	6.13	6.17
5 yrs	6.03	6.08	6.13

VUW Te Waharoa — NZ Gazette 2004, No 145

Gazette.govt.nz — NZ Gazette 2004, No 145

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

💰 Public Trust Common Fund Interest Rates Notice

Domain💰 Finance & Revenue
KeywordsInterest Rates, Deposits, Public Trust, Common Fund

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.

New Zealand Gazette Index