New Zealand Gazette – 2006 – No. 33

Page 861

✨ Financial and Research Notices

6 APRIL 2006

NEW ZEALAND GAZETTE, No. 33

(2) Expressions defined in the Act have the same meaning in
this notice as they do in the Act.

Rates of Common Fund interest—(1) The rate of
Common Fund interest on deposits (other than investment
deposits repayable at the end of fixed term or protection
deposits) shall be that specified in Schedule 1 for the
appropriate type of deposits.

(2) The rate of Common Fund interest on each protection
deposit associated with a particular private training
establishment shall be that specified in Schedule 2 for the
appropriate dollar range of the total of those deposits.

(3) The rate of Common Fund interest payable on
investment deposits repayable at the end of a fixed term
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.

Revocation of notice and transitional provisions—
(1) The Public Trust Common Fund Interest Rates Notice
23 March 2006 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 29 March
2006 but otherwise operate as from 30 March 2006.

(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
30 March 2006; but

(ii) do apply to investment deposits repayable at the
end of a fixed term that commenced on or after
30 March 2006.

Dated at Wellington this 31st day of March 2006.

PAT WAITE, Chief Executive, Public Trust.

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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	5.00
Call deposits	2.75
Investment deposits at call	5.00
Special deposits (effective 15 March 2006)	7.21
Trust deposits	5.00

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	5.40
Total deposits in range $350,001 to $1,000,000	5.80
Total deposits in range $1,000,000 to $3,000,000	6.20
Total deposits exceed $3,000,000	6.70

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	5.65	5.80	5.90
6 mths	5.60	6.70	6.75	6.85
9 mths	5.60	6.65	6.85	6.90
1 yr	5.60	6.75	6.85	6.90
18 mths	6.00	6.40	6.40	6.40
24 mths	6.00	6.40	6.40	6.40
30 mths	6.00	6.35	6.35	6.35
36 mths	6.00	6.30	6.30	6.30
4 yrs	5.95	6.20	6.20	6.20
5 yrs	5.90	6.15	6.15	6.15

Interest payable monthly and quarterly

	$20,000–$49,999 % p.a.	$50,000–$249,999 % p.a.	$250,000+ % p.a.
6 mths	6.70	6.75	6.85
9 mths	6.65	6.85	6.90
1 yr	6.75	6.85	6.90
18 mths	6.40	6.40	6.40
24 mths	6.40	6.40	6.40
30 mths	6.35	6.35	6.35
36 mths	6.30	6.30	6.30
4 yrs	6.20	6.20	6.20
5 yrs	6.15	6.15	6.15

Research, Science & Technology

Foundation for Research, Science, and Technology Act 1990

Notice of Revocation of Ministerial Scheme and Introduction of New Ministerial Scheme—Te Tipu Pūtaiao Fellowship

Direction to: The Foundation for Research, Science and Technology (“the foundation”).

Under section 8A of the Foundation for Research, Science and Technology Act 1990, I direct the foundation to allocate funds in accordance with the Te Tipu Pūtaiao Fellowship scheme (“the scheme”), as specified in this direction.

This direction revokes and replaces the notice published in the New Zealand Gazette, 1 August 1996, page 2019, which established the Tūāpapa Pūtaiao Māori Fellowship Scheme.

From the date of this direction, the scheme will be renamed “Te Tipu Pūtaiao Fellowships” and its focus amended to align with government policies.

VUW Te Waharoa — NZ Gazette 2006, No 33

Gazette.govt.nz — NZ Gazette 2006, No 33

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

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

Domain🏢 State Enterprises & Insurance
Dated31 March 2006
KeywordsInterest Rates, Common Fund, Public Trust Act 2001, Agency deposits, Call deposits, Investment deposits, Special deposits, Trust deposits, Protection deposits
👩‍💼 Officials

PAT WAITE, Chief Executive, Public Trust

🎓 Notice of Revocation of Ministerial Scheme and Introduction of New Ministerial Scheme—Te Tipu Pūtaiao Fellowship

Domain🎓 Education, Culture & Science
KeywordsResearch, Science, Technology, Fellowship, Te Tipu Pūtaiao, Tūāpapa Pūtaiao Māori

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