30 OCTOBER 2008 NEW ZEALAND GAZETTE, No. 164 4305

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 23 October 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 28 October 2008 but otherwise operate as from 29 October 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 29 October 2008; but

(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 29 October 2008.

Schedule 1

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

Schedule 2

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

Schedule 3

Rates of interest payable on investment deposits repayable at the end of a fixed term

Interest payable on maturity, monthly or quarterly

Interest payable monthly and quarterly

Dated at Wellington this 28th day of October 2008.

MICHELLE OLBRICHT, Secretary of the Pricing Committee, Public Trust.

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The Treasury

Crown Entities Act 2004

Notice of Approval Given Pursuant to Section 158(1)(b) of the Crown Entities Act 2004

Pursuant to section 158(1)(b) of the Crown Entities Act 2004, I, The Honourable Dr Michael John Cullen, Minister of Finance, hereby approve Crown entities (as that term is defined in the Crown Entities Act 2004) to establish, maintain and operate bank accounts at Southland Building Society, a registered bank, on the condition that:

(a) the Southland Building Society’s credit rating by Fitch Ratings does not fall below the existing level of "BBB";

(b) the Southland Building Society complies with its conditions of registration imposed under section 74 of the Reserve Bank of New Zealand Act 1989; and

(c) the Southland Building Society notifies Crown entities and organisations named in Schedule 4 of the Public Finance Act 1989 that hold bank accounts with the Southland Building Society as soon as the bank becomes aware that it is unlikely to comply or no longer complies with the preceding conditions.

Dated at Wellington this 20th day of October 2008.

HON DR MICHAEL CULLEN, Minister of Finance.

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Notice of Approval Given Pursuant to Section 160(3) of the Crown Entities Act 2004

Pursuant to section 160(3) of the Crown Entities Act 2004, I, Jane Meares, Treasury Solicitor, hereby give notice that on 20 October 2008, The Honourable Dr Michael Cullen, Minister of Finance, and The Honourable Steve Chadwick, Minister of Conservation, gave approval under section 160(1)(b) of the Crown Entities Act 2004, for the