New Zealand Gazette – 2005 – No. 56

Page 1441

✨ Interest Rates and Social Security Amendment



24 MARCH 2005 NEW ZEALAND GAZETTE, No. 56 1441

Interest payable quarterly

$20,000-$49,999 $50,000-$249,999 $250,000+
% p.a. % p.a. % p.a.
6 mths 6.15 6.25 6.25
9 mths 6.11 6.20 6.30
1 yr 6.16 6.20 6.25
18 mths 6.16 6.20 6.25
24 mths 6.16 6.20 6.25
30 mths 6.16 6.20 6.25
36 mths 6.16 6.20 6.25
4 yrs 6.11 6.16 6.20
5 yrs 6.06 6.11 6.16

Dated at Wellington this 16th day of March 2005.

PAT WAITE, Chief Executive, Public Trust.

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Social Development

Social Security Act 1964

Direction in Relation to Special Benefit Amendment (No. 2) 2005

To: The Chief Executive of the Ministry of Social Development.

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 given on 10 February 1999.

Dated at Wellington this 17th day of March 2005.

STEVE MAHAREY, Minister for Social Development and Employment.

Amendment

  1. Title—(1) This amendment is the Direction in relation to Special Benefit Amendment (No. 2) 2005.

(2) In this amendment, the Direction in relation to Special Benefit is called "the direction".

  1. Commencement—This amendment comes into effect on 1 April 2005.

  2. Further amendments relating to Working for Families package—The direction is amended in the manner set out in Schedule 1.

  3. Amendments relating to change in Consumers Price Index—The Schedule of the direction (as substituted by clause 4 and Schedule 2 of the Direction in relation to Special Benefit Amendment 2005) is amended in the manner set out in Schedule 2.

  4. Savings—Despite anything in clause 3 and Schedule 1, or in clause 4 and Schedule 2 of the Direction in relation to Special Benefit Amendment 2005, you should continue to pay a special benefit without change to an applicant who, immediately before 1 April 2005, was receiving a special benefit granted before that date until the benefit is next reviewed under section 81 of the Social Security Act 1964.

Schedule 1

Clause 3

Amendments to the direction

Clause 2.1

Omit the new paragraph (aa) of the definition of chargeable income (as inserted by clause 4 (1) and Schedule 2 of the Direction in relation to Special Benefit Amendment 2005) and substitute:

"(aa) the weekly amount of any family support credit of tax under subpart KD of the Income Tax Act 2004 that—

(i) is paid by instalments to the applicant in accordance with section KD 6 or section KD 7 of that Act; or

(ii) where not paid by instalments, the applicant, in the opinion of the chief executive, is entitled to under that subpart; and".

Clause 3.1

Omit from paragraph (a) (i) the expression "4 x sib" and substitute the words "the amount in clause 1 of Schedule 31 of the Act".

Omit from paragraph (a) (ii) the expression "4 x mib" and substitute the words "the amount in clause 2 of that Schedule".

Omit the definition of b and substitute:

"b is—

(a) for an applicant with 1 or more dependent children, 25% of the applicant’s allowable costs; or

(b) in any other case, 30% of the applicant’s allowable costs".

Revoke the definitions of mib and sib.

Schedule 2

Clause 4

Amendments to the Schedule of the direction

Omit clauses 3 (b), 8, 11, 12 and 14.

Omit from each provision set out in column 1 of the following table the amount set out opposite to it in column 2 and substitute the amount set out in column 3.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 56


Gazette.govt.nz — PDF NZ Gazette 2005, No 56




✨ LLM interpretation of page content

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

🏢 State Enterprises & Insurance
16 March 2005
Public Trust, Interest Rates, Common Fund, Deposits, Investment
  • PAT WAITE, Chief Executive, Public Trust

🏥 Direction in Relation to Special Benefit Amendment (No. 2) 2005

🏥 Health & Social Welfare
17 March 2005
Social Security Act 1964, Special Benefit, Amendment, Working for Families, Consumers Price Index
  • STEVE MAHAREY, Minister for Social Development and Employment