New Zealand Gazette – 2006 – No. 36

Page 960

✨ Public Trust Interest Rates and Crown Financial Statements



NEW ZEALAND GAZETTE, No. 36

20 APRIL 2006

(ii) for beneficiaries not entitled to payment at call; or
(iii) otherwise than at call.

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

3. 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.

4. Revocation of notice and transitional provisions

(1) The Public Trust Common Fund Interest Rates Notice
13 April 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 12 April 2006
but otherwise operate as from 13 April 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
13 April 2006; but

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

Schedule 1

Rates of interest payable on deposits (other than

investment deposits repayable at the end of fixed term
or protection deposits)

Type of Deposit % p.a.
Agency deposits 5.00
Call deposits 2.75
Investment deposits at call 5.00
Special deposits (effective 15 March 7.21
2006)
Trust deposits 5.00

Schedule 2

Rates of interest payable on each protection deposit

associated with a particular private training establishment

Total Deposits % p.a.
Total deposits do not exceed $350,000 5.40
Total deposits in range $350,001 to 5.80
$1,000,000
Total deposits in range $1,000,000 to 6.20
$3,000,000
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

Term $5,000-$9,999 $10,000-$49,999 $50,000-$249,999 $250,000+
% p.a. % p.a. % p.a. % 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 6.70 6.75 6.80
18 mths 6.00 6.40 6.40 6.40
24 mths 6.00 6.25 6.30 6.30
30 mths 6.00 6.20 6.20 6.20
36 mths 6.00 6.15 6.15 6.15
4 yrs 5.95 6.05 6.10 6.10
5 yrs 5.90 6.05 6.10 6.10

Interest payable monthly and quarterly

Term $20,000-$49,999 $50,000-$249,999 $250,000+
% p.a. % p.a. % p.a.
6 mths 6.70 6.75 6.85
9 mths 6.65 6.85 6.90
1 yr 6.70 6.75 6.80
18 mths 6.40 6.40 6.40
24 mths 6.25 6.30 6.30
30 mths 6.20 6.20 6.20
36 mths 6.15 6.15 6.15
4 yrs 6.05 6.10 6.10
5 yrs 6.05 6.10 6.10

Dated at Wellington this 13th day of April 2006.

PAT WAITE, Chief Executive, Public Trust.

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The Treasury

Public Finance Act 1989

Notice of Publication of Financial Statements

of the Crown

Pursuant to section 31B of the Public Finance Act 1989,
the Minister of Finance gives notice of the publication of the
financial statements of the Crown for:

  • the eight months ended 28 February 2006, on 7 April

Copies of these financial statements are available:

  • for inspection free of charge at the National Library of
    New Zealand, Auckland City Library, Wellington Public
    Library and Canterbury Public Library;
  • for purchase at branches of Bennetts bookshops; and
  • through the internet at:
    http://www.treasury.govt.nz

Dated at Wellington this 7th day of April 2006.

DR MICHAEL CULLEN, Minister of Finance.

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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 36


Gazette.govt.nz — PDF NZ Gazette 2006, No 36




✨ LLM interpretation of page content

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

🏢 State Enterprises & Insurance
13 April 2006
Public Trust, Common Fund, Interest Rates, Notice, Public Trust Act 2001, Schedules
  • PAT WAITE, Chief Executive, Public Trust

💰 Notice of Publication of Financial Statements of the Crown

💰 Finance & Revenue
7 April 2006
Public Finance Act 1989, Financial Statements, Crown, Treasury
  • DR MICHAEL CULLEN, Minister of Finance