✨ Interest Rates and Air Service Licences
24 JUNE 2004
NEW ZEALAND GAZETTE, No. 76
(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.
- Revocation of notice and transitional provisions—
(1) The Public Trust Common Fund Interest Rates Notice 3 June 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 16 June 2004 but otherwise operate as from 17 June 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 17 June 2004; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 17 June 2004.
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Interest payable monthly
| $20,000-$49,999 % p.a. | $50,000-$249,999 % p.a. | $250,000+ % p.a. | |
|---|---|---|---|
| 6 mths | 5.05 | 5.14 | 5.14 |
| 9 mths | 5.06 | 5.31 | 5.31 |
| 1 yr | 5.13 | 5.37 | 5.37 |
| 18 mths | 5.27 | 5.27 | 5.37 |
| 24 mths | 5.46 | 5.46 | 5.46 |
| 30 mths | 5.46 | 5.46 | 5.46 |
| 36 mths | 5.51 | 5.51 | 5.51 |
| 4 yrs | 5.46 | 5.46 | 5.46 |
| 5 yrs | 5.56 | 5.56 | 5.56 |
Interest payable quarterly
| $20,000-$49,999 % p.a. | $50,000-$249,999 % p.a. | $250,000+ % p.a. | |
|---|---|---|---|
| 6 mths | 5.07 | 5.17 | 5.17 |
| 9 mths | 5.09 | 5.33 | 5.33 |
| 1 yr | 5.15 | 5.39 | 5.39 |
| 18 mths | 5.29 | 5.29 | 5.39 |
| 24 mths | 5.49 | 5.49 | 5.49 |
| 30 mths | 5.49 | 5.49 | 5.49 |
| 36 mths | 5.53 | 5.53 | 5.53 |
| 4 yrs | 5.49 | 5.49 | 5.49 |
| 5 yrs | 5.58 | 5.58 | 5.58 |
Call deposits
2.25
Investment deposits at call
3.75
Special deposits
5.90
Trust deposits
3.50
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 | 3.75 |
| Call deposits | 2.25 |
| Investment deposits at call | 3.75 |
| Special deposits | 5.90 |
| Trust deposits | 3.50 |
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 | 3.50 |
| Total deposits in range $350,001 to $1,750,000 | 3.90 |
| Total deposits exceed $1,750,000 | 4.30 |
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 % p.a. | $10,000-$49,999 % p.a. | $50,000-$249,999 % p.a. | $250,000+ % p.a. | |
|---|---|---|---|---|
| 3 mths | 4.80 | 5.10 | 5.10 | 5.10 |
| 6 mths | 5.00 | 5.40 | 5.40 | 5.50 |
| 9 mths | 5.00 | 5.25 | 5.40 | 5.40 |
| 1 yr | 5.00 | 5.50 | 5.75 | 5.85 |
| 18 mths | 4.80 | 5.60 | 5.60 | 5.60 |
| 24 mths | 5.20 | 5.70 | 5.70 | 5.70 |
| 30 mths | 5.20 | 5.75 | 5.75 | 5.75 |
| 36 mths | 5.20 | 5.80 | 5.80 | 5.80 |
| 4 yrs | 5.25 | 5.65 | 5.70 | 5.75 |
| 5 yrs | 5.30 | 5.70 | 5.75 | 5.80 |
Dated at Wellington this 16th day of June 2004.
PAT WAITE, Chief Executive, Public Trust.
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Transport
Civil Aviation Act 1990
State Sector Act 1988
Scheduled International Air Service Licences
Pursuant to the Civil Aviation Act 1990, the State Sector Act 1988, and a delegation from the Secretary for Transport dated 29 March 2000, I, John Gibson Bradbury, Deputy Secretary Air Services in the Ministry of Transport, hereby give notice that I have exercised the power conferred by section 87Q of the Civil Aviation Act 1990 to vary the terms of the scheduled international air service licence issued to Air Vanuatu and Asiana Airlines to:
(a) in the case of Air Vanuatu, provide for three B737 services between Vanuatu and Auckland; and
(b) in the case of Asiana, provide for the carriage of own-stopover passengers on code share services between Auckland and Sydney, Auckland and Wellington, and Auckland and Christchurch.
Signed at Wellington this 17th day of June 2004.
J. G. BRADBURY, Deputy Secretary Air Services.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 76
Gazette.govt.nz —
NZ Gazette 2004, No 76
✨ LLM interpretation of page content
💰 Public Trust Common Fund Interest Rates Notice
💰 Finance & Revenue16 June 2004
Interest rates, Public Trust, Investment deposits, Protection deposits, Special deposits
- PAT WAITE, Chief Executive, Public Trust
🚂 Variation of Scheduled International Air Service Licences
🚂 Transport & Communications17 June 2004
Air service licences, Air Vanuatu, Asiana Airlines, B737 services, Code share services
- John Gibson Bradbury, Deputy Secretary Air Services