✨ Financial and Social Security Notices
18 MARCH
NEW ZEALAND GAZETTE
- 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 or a
protection deposit) shall be that specified in Schedule 1 for
the appropriate type of deposit.
(2) The rate of Common Fund interest payable on a
protection deposit shall be that specified in Schedule 2 for
the appropriate dollar range.
(3) 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.
(4) 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.
(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 an investment deposit,
a protection deposit or a special deposit that is different
from the rate specified in Schedules 1, 2 or 3 and the agreed
rate then applies.
- Revocation of notice and transitional provisions—
(1) Subject to subparagraph (2), the Public Trust Common
Fund Interest Rates Notice 4 March 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
14 March 2004 but otherwise operate as from 15 March
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
15 March 2004; but
(ii) do apply to investment deposits repayable at
the end of a fixed term that commenced on or after
15 March 2004.
Schedule 1
Rate of interest payable on a deposit (other than an
investment deposit repayable at the end of a fixed term
or a protection deposit)
| Type of Deposit | % interest rate p.a. |
|---|---|
| Agency deposit | 3.50 |
| Call deposit | 2.00 |
| Investment deposit at call | 3.50 |
| Special deposit | 5.05 |
| Trust deposit | 3.25 |
Schedule 2
Rates of interest payable on protection deposits
| Dollar Range of Deposit | % interest rate p.a. |
|---|---|
| On the whole amount of each deposit associated with a particular private training | |
| establishment where the total of those deposits does not exceed $350,000 | 3.25 |
| On the whole amount of each deposit associated with a particular private training | |
| establishment where the total of those deposits lies in the range of $350,001 to $1,750,000 | 3.65 |
| On the whole amount of each deposit associated with a particular private training | |
| establishment where the total of those deposits exceeds $1,750,000 | 4.05 |
695
Schedule 3
Rate of interest payable on an investment deposit
repayable at the end of a fixed term
| Term and Dollar Range of 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 16th day of March 2004.
PAT WAITE, Chief Executive, Public Trust.
go1812
Social Development
Social Security Act 1964
Direction in Relation to Special Benefit Amendment 2004
To: The Chief Executive of the department for the time
being responsible for administration of the Social
Security Act 1964
Pursuant to section 5 of the Social Security Act 1964, the
Minister for Social Development and Employment makes
the following amendment to the Direction in relation to
Special Benefit dated 10 February 1999.
Dated at Wellington this 15th day of March 2004.
STEVE MAHAREY, Minister for Social Development and
Employment.
Amendment
- Title—(1) This amendment is the Direction in relation
to Special Benefit Amendment 2004.
(2) In this amendment, the Direction in relation to Special
Benefit is called "the direction".
- Commencement—(1) This amendment, except for
clause 4, comes into effect on 31 March 2004.
(2) Clause 4 comes into effect on 1 April 2004.
- Consequential amendments—(1) The definition of
chargeable income in clause 2.1 of the direction is
amended by revoking paragraph (d) and substituting the
following paragraph:
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 30
Gazette.govt.nz —
NZ Gazette 2004, No 30
✨ LLM interpretation of page content
💰 Public Trust Common Fund Interest Rates Notice
💰 Finance & Revenue16 March 2004
Interest rates, Public Trust, Common Fund, investment deposits, protection deposits
- PAT WAITE, Chief Executive, Public Trust
🏥 Direction in Relation to Special Benefit Amendment 2004
🏥 Health & Social Welfare15 March 2004
Social Security Act, Special Benefit, amendment, Ministerial direction
- STEVE MAHAREY, Minister for Social Development and Employment