New Zealand Gazette – 2005 – No. 91

Page 2144

✨ Public Trust Interest Rates and Treasury Disclaimer



2144

NEW ZEALAND GAZETTE, No. 91

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.

  1. Revocation of notice and transitional provisions—
    (1) The Public Trust Common Fund Interest Rates Notice
    5 May 2005 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 12 June
    2005 but otherwise operate as from 13 June 2005.
    (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
    13 June 2005; but
    (ii) do apply to investment deposits repayable at the
    end of a fixed term that commenced on or after
    13 June 2005.

Schedule 1

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

Agency deposits % p.a.
Call deposits 5.00
Investment deposits at call 2.75
Special deposits (effective 15 June 2005) 5.00
Trust deposits 6.84

Schedule 2

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

Total deposits do not exceed $350,000 % p.a.
Total deposits in range $350,001 to $1,750,000 5.00
Total deposits exceed $1,750,000 5.40
5.80

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 5.00 5.55 5.80 5.95
6 mths 5.50 6.60 6.70 6.70
9 mths 5.50 6.50 6.50 6.65
1 yr 5.50 6.50 6.50 6.55
18 mths 6.00 6.35 6.45 6.50
24 mths 6.00 6.35 6.45 6.45
30 mths 6.00 6.35 6.45 6.45
36 mths 6.00 6.35 6.45 6.45
4 yrs 5.95 6.30 6.40 6.40
5 yrs 5.90 6.25 6.35 6.35

Interest payable monthly

$20,000-$49,999 % p.a. $50,000-$249,999 % p.a. $250,000+ % p.a.
6 mths 6.51 6.61 6.61
9 mths 6.36 6.36 6.51
1 yr 6.31 6.31 6.36
18 mths 6.17 6.27 6.31
24 mths 6.17 6.27 6.27
30 mths 6.17 6.27 6.27
36 mths 6.17 6.22 6.22
4 yrs 6.13 6.17 6.17
5 yrs 6.08 6.13 6.13

Interest payable quarterly

$20,000-$49,999 % p.a. $50,000-$249,999 % p.a. $250,000+ % p.a.
6 mths 6.55 6.64 6.64
9 mths 6.40 6.40 6.54
1 yr 6.35 6.35 6.39
18 mths 6.20 6.30 6.35
24 mths 6.20 6.30 6.30
30 mths 6.20 6.30 6.30
36 mths 6.20 6.25 6.25
4 yrs 6.16 6.20 6.20
5 yrs 6.11 6.16 6.16

Dated at Wellington this 13th day of June 2005.

PAT WAITE, Chief Executive, Public Trust.

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The Treasury

Companies Act 1955

Land Transfer Act 1952

Notice of Disclaimer Under Section 338 of the
Companies Act 1955

In the matter of the Land Transfer Act 1952, and in the
matter of section 338 of the Companies Act 1955, and
in the matter of J E Watson & Co Limited:

Take notice that I, Iain Robert Rennie, Acting Secretary to
the Treasury, pursuant to section 338 of the Companies Act
1955, hereby disclaim for and on behalf of Her Majesty the
Queen, the reversionary interest of Her Majesty the Queen
in the ½ share as tenant in equal shares, in Lots 1, 3, 5 and
7, Block IV, DP 67 of 1.6187 hectares, held in Computer
Freehold Register SL58/114, the registered proprietor being
J E Watson & Co Limited, a company removed from
the Companies Register on 27 October 1994 and formerly
having its registered office at Elders House, 60 Khyber Pass
Road, Auckland.

And I certify that the vesting of the said property did not
come to my notice until 24 May 2005.

Dated at Wellington this 14th day of June 2005.

Signed by the Acting Secretary to the Treasury, the said Iain
Robert Rennie, for and on behalf of Her Majesty the Queen
in the presence of:

JULIE DYER, Management and Team Assistant, Wellington.

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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 91


Gazette.govt.nz — PDF NZ Gazette 2005, No 91




✨ LLM interpretation of page content

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

🏢 State Enterprises & Insurance
13 June 2005
Public Trust Act 2001, Interest Rates, Common Fund, Deposits
  • PAT WAITE, Chief Executive, Public Trust

💰 Disclaimer of Reversionary Interest in Land

💰 Finance & Revenue
14 June 2005
Companies Act 1955, Land Transfer Act 1952, Disclaimer, Reversionary Interest, J E Watson & Co Limited
  • Iain Robert Rennie, Acting Secretary to the Treasury
  • JULIE DYER, Management and Team Assistant, Wellington