Public Trust and Education Notices




12 FEBRUARY NEW ZEALAND GAZETTE 319

“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.

  1. 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.

  1. Revocation of notice and transitional provisions

(1) The Public Trust Common Fund Interest Rates Notice
18 December 2003 is revoked.

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

(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
4 February 2004; but

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

Schedule 1

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

Type of Deposit % interest rate p.a.
Agency deposit 3.50
Call deposit 2.00
Investment deposit at call 3.50
Special deposit 5.55
Trust deposit 3.25

Schedule 2

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

Term and Dollar Range of the Deposit % interest rate p.a.

Fixed term of 3 months

For the range $5,000 to $9,999 inclusive | 4.60 |
For the range $10,000 to $49,999 inclusive | 5.00 |
For the range $50,000 to $249,999 inclusive | 5.00 |
For the range above $250,000 | 5.00 |

Fixed term of 6 months

For the range $5,000 to $9,999 inclusive | 4.70 |
For the range $10,000 to $49,999 inclusive | 5.25 |
For the range $50,000 to $249,999 inclusive | 5.35 |
For the range above $250,000 | 5.35 |

Fixed term of 9 months

For the range $5,000 to $9,999 inclusive | 4.85 |
For the range $10,000 to $49,999 inclusive | 5.30 |
For the range $50,000 to $249,999 inclusive | 5.40 |
For the range above $250,000 | 5.45 |

Fixed term of 12 months

For the range $5,000 to $9,999 inclusive | 4.90 |
For the range $10,000 to $49,999 inclusive | 5.40 |
For the range $50,000 to $249,999 inclusive | 5.50 |
For the range above $250,000 | 5.55 |

Dated at Wellington this 5th day of February 2004.

PAT WAITE, Chief Executive, Public Trust.

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Tertiary Education Commission

Industry Training Act 1992

Pharmacy Industry Training Organisation Incorporated

The Board of the Tertiary Education Commission Te Amorangi Mātauranga Matua approved, pursuant to section 5 of the Industry Training Act 1992, full recognition for the Pharmacy Industry Training Organisation Incorporated to set standards at Levels 1 to 8 on the National Qualifications Framework for the pharmacy industry, defined as the dispensing and preparation of pharmaceutical products, the provision of advice on illness prevention and the selection and sale of non-prescription medicines, therapies, diagnostic and therapeutic aids in the pharmacy setting for a further period of five years with effect from 26 December 2003.

Dated at Wellington this 9th day of February 2004.

DR ANDREW WEST, Chair.

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Hospitality Standards Institute Incorporated

The Board of the Tertiary Education Commission Te Amorangi Mātauranga Matua approved, pursuant to section 5 of the Industry Training Act 1992, full recognition for the Hospitality Standards Institute Incorporated to set standards at Levels 1 to 8 on the National Qualifications Framework for the hotel and catering industry, including hotels, motels and other accommodation establishments, taverns and licensed clubs, restaurants and food service premises, commercial and institutional caterers for a further period of five years with effect from 18 December 2003.

Dated at Wellington this 9th day of February 2004.

DR ANDREW WEST, Chair.

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Agriculture Industry Training Organisation Incorporated

The Board of the Tertiary Education Commission Te Amorangi Mātauranga Matua approved, pursuant to section 8 of the Industry Training Act 1992, provisional recognition for the Agriculture Industry Training Organisation Incorporated for a period of up to six months to set standards at Levels 1 to 8 on the National Qualifications Framework for the agricultural, rural servicing and water industries, including the pastoral (except equine), arable, deer, goat, pork and poultry, apiculture, shearing, wool



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2004, No 15


Gazette.govt.nz PDF NZ Gazette 2004, No 15





✨ LLM interpretation of page content

🏢 Public Trust Common Fund Interest Rates Notice (continued from previous page)

🏢 State Enterprises & Insurance
5 February 2004
Public Trust, Common Fund, Interest Rates, Schedules
  • PAT WAITE, Chief Executive, Public Trust

🎓 Recognition of Pharmacy Industry Training Organisation

🎓 Education, Culture & Science
9 February 2004
Pharmacy, Industry Training, Tertiary Education Commission, Standards
  • DR ANDREW WEST, Chair

🎓 Recognition of Hospitality Standards Institute

🎓 Education, Culture & Science
9 February 2004
Hospitality, Industry Training, Tertiary Education Commission, Standards
  • DR ANDREW WEST, Chair

🎓 Provisional Recognition of Agriculture Industry Training Organisation

🎓 Education, Culture & Science
9 February 2004
Agriculture, Industry Training, Tertiary Education Commission, Standards
  • DR ANDREW WEST, Chair