✨ Interest Rates and Social Security Amendment
3150 NEW ZEALAND GAZETTE, No. 119 31 JULY 2008
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 24 July 2008 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 22 July 2008 but otherwise operate as from 23 July 2008.
(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 23 July 2008; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 23 July 2008.
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 | 6.00 |
| Call deposits | 3.75 |
| Investment deposits at call | 6.00 |
| Special deposits (effective 16 June 2008) | 8.40 |
| Trust deposits | 6.00 |
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 | 6.65 |
| Total deposits in range $350,001 to $1,000,000 | 7.05 |
| Total deposits in range $1,000,001 to $3,000,000 | 7.45 |
| Total deposits exceed $3,000,001 | 7.95 |
Schedule 3
Rates of interest payable on investment deposits repayable at the end of a fixed term
Interest payable on maturity, monthly or quarterly
| $5,000-$9,999 % p.a. | $10,000-$49,999 % p.a. | $50,000-$249,999 % p.a. | $250,000+ % p.a. | |
|---|---|---|---|---|
| 3 mths | 6.00 | 7.40 | 7.40 | 7.40 |
| 6 mths | 6.00 | 8.05 | 8.05 | 8.05 |
| 9 mths | 6.00 | 8.00 | 8.00 | 8.00 |
| 1 yr | 6.00 | 7.90 | 7.90 | 7.90 |
| 18 mths | 6.00 | 7.70 | 7.70 | 7.70 |
| 24 mths | 6.00 | 7.55 | 7.55 | 7.55 |
| 30 mths | 6.00 | 7.50 | 7.50 | 7.50 |
| 36 mths | 6.00 | 7.40 | 7.40 | 7.40 |
| 4 yrs | 6.00 | 7.30 | 7.30 | 7.30 |
| 5 yrs | 6.00 | 7.25 | 7.25 | 7.25 |
Interest payable monthly and quarterly
| $20,000-$49,999 % p.a. | $50,000-$249,999 % p.a. | $250,000+ % p.a. | |
|---|---|---|---|
| 6 mths | 8.05 | 8.05 | 8.05 |
| 9 mths | 8.00 | 8.00 | 8.00 |
| 1 yr | 7.90 | 7.90 | 7.90 |
| 18 mths | 7.70 | 7.70 | 7.70 |
| 24 mths | 7.55 | 7.55 | 7.55 |
| 30 mths | 7.50 | 7.50 | 7.50 |
| 36 mths | 7.40 | 7.40 | 7.40 |
| 4 yrs | 7.30 | 7.30 | 7.30 |
| 5 yrs | 7.25 | 7.25 | 7.25 |
Dated at Wellington this 24th day of July 2008.
MICHELLE OLBRICHT, Secretary of the Pricing Committee, Public Trust.
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Social Development
Social Security Act 1964
Ministerial Direction – Disability Allowance Amendment 2008
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 Ministerial Direction—Disability Allowance dated on the 28th day of March 1999 and published in the New Zealand Gazette, 1 April 1999, No. 41, page 983.
Dated at Wellington this 22nd day of July 2008.
HON RUTH DYSON, Minister for Social Development and Employment.
Amendment
-
Title—This amendment is the Ministerial Direction – Disability Allowance Amendment 2008.
-
Commencement—This amendment comes into effect on 11 August 2008.
-
Direction amended—This amendment amends the Ministerial Direction—Disability Allowance.
-
Clause 3 amended—Clause 3(b) is amended by adding “or has decreased”.
——
Explanatory Note
This note is not part of the amendment, but is intended to indicate its general effect.
This amendment removes the requirement on the chief executive to verify an expense that has decreased when reviewing a person’s entitlement to a disability allowance.
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NZ Gazette 2008, No 119
✨ LLM interpretation of page content
🏢
Public Trust Common Fund Interest Rates Notice
(continued from previous page)
🏢 State Enterprises & Insurance24 July 2008
Interest Rates, Common Fund, Public Trust Act 2001
- Michelle Olbricht, Secretary of the Pricing Committee, Public Trust
🏥 Ministerial Direction – Disability Allowance Amendment 2008
🏥 Health & Social Welfare22 July 2008
Disability Allowance, Amendment, Social Security Act 1964
- Hon Ruth Dyson, Minister for Social Development and Employment