✨ Public Trust Interest Rates
NEW ZEALAND GAZETTE, No. 169
6 NOVEMBER 2008
Any person may make a written submission to the director-general concerning this application. Under sections 16 and 17 of the Agricultural Compounds and Veterinary Medicines Act 1997, a written submission:
(a) must state in full the reasons for making the submission; and
(b) may state any decision sought on that application; and
(c) must be received by the director-general no later than 30 working days after the date of notification in the New Zealand Gazette.
A copy of every submission will be forwarded to the applicant for the applicant’s information.
The following address is:
(a) where submissions on this application are to be sent;
(b) where requests for copies of the public information relating to the application can be sent;
(c) where public information relating to the application can be viewed;
(d) the director-general’s address for service:
ACVM Group, New Zealand Food Safety Authority, Level 5, South Tower, 68–86 Jervois Quay, Wellington 6011. Postal Address: PO Box 2835, Wellington 6140.
The applicant’s address for service is:
Jaeger Australia Pty Ltd, Factory 2, 9 Tower Court, Noble Park, Victoria 3147, Australia.
Dated at Wellington this 4th day of November 2008.
LINLEY THORBURN, Programme Manager (Operations)
(Acting under delegated authority).
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Public Trust
Public Trust Act 2001
The Public Trust Common Fund Interest Rates Notice 6 November 2008
The following notice is given pursuant to section 50 of the Public Trust Act 2001 (“the Act”).
Notice
- Title and commencement—(1) This notice may be cited as the Public Trust Common Fund Interest Rates Notice 6 November 2008.
(2) The determinations and revocation in this notice take effect from and including 5 November 2008.
- Interpretation—(1) Unless the context otherwise requires:
“agency deposit” means a deposit (not being an investment deposit) held as agent or attorney;
“call deposit” means a deposit (not being an agency deposit, an investment deposit, a protection deposit, a special deposit or a trust deposit) held in the ordinary course of administration, and determined by Public Trust to be held at call;
“deposit” means a sum of money held by Public Trust belonging to any estate, which money for the time being forms part of the Common Fund;
“investment deposit” means a deposit held at call or otherwise as an investment under section 51 of the Act;
“protection deposit” means a deposit, held at call, of tuition, boarding, accommodation or other fees by or on behalf of a student enrolled at a private training establishment within the meaning of Part 18 of the Education Act 1989;
“special deposit” means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;
“trust deposit” means a deposit (not being an agency deposit, an investment deposit, a protection deposit or a special deposit) held on trust:
(i) for persons not of full age or capacity; or
(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.
- 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 30 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 5 November 2008 but otherwise operate as from 6 November 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 6 November 2008; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 6 November 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 | 5.00 |
| Call deposits | 2.75 |
| Investment deposits at call | 5.00 |
| Special deposits (effective 15 September 2008) | 7.49 |
| Trust deposits | 5.00 |
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NZ Gazette 2008, No 169