✨ Public Trust Interest Rates and Treasury Guarantees
18 DECEMBER 2008 NEW ZEALAND GAZETTE, No. 195
(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 11 December 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 16 December 2008 but otherwise operate as from 17 December 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 17 December 2008; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 17 December 2008.
Schedule 1
Rates of interest payable on deposits (other than investment deposits repayable at the end of fixed term or protection deposits)
| Deposit Type | % p.a. |
|---|---|
| Agency deposits | 4.00 |
| Call deposits | 2.75 |
| Investment deposits at call | 4.00 |
| Special deposits (effective 15 December 2008) | 4.89 |
| Trust deposits | 4.00 |
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 | 3.40 |
| Total deposits in range $350,001 to $1,000,000 | 3.80 |
| Total deposits in range $1,000,001 to $3,000,000 | 4.20 |
| Total deposits exceed $3,000,001 | 4.80 |
Schedule 3
Rates of interest payable on investment deposits repayable at the end of a fixed term
Interest payable on maturity, monthly or quarterly
| Term | $5,000-$9,999 | $10,000-$49,999 | $50,000-$249,999 | $250,000+ |
|---|---|---|---|---|
| 3 mths | 4.00 | 5.05 | 5.05 | 5.05 |
| 6 mths | 4.00 | 5.20 | 5.20 | 5.20 |
| 9 mths | 4.00 | 4.65 | 4.65 | 4.65 |
| 1 yr | 4.00 | 4.45 | 4.45 | 4.45 |
| 18 mths | 4.00 | 4.55 | 4.55 | 4.55 |
| 24 mths | 4.00 | 4.60 | 4.60 | 4.60 |
| 30 mths | 4.00 | 4.60 | 4.60 | 4.60 |
| 36 mths | 4.00 | 4.70 | 4.70 | 4.70 |
| 4 yrs | 4.00 | 4.80 | 4.80 | 4.80 |
| 5 yrs | 4.00 | 4.85 | 4.85 | 4.85 |
Dated at Wellington this 16th day of December 2008.
MICHELLE OLBRICHT, Secretary of the Pricing Committee, Public Trust.
go9709
The Treasury
Public Finance Act 1989
Statement of Guarantees Given Under the Public Finance Act 1989
Pursuant to section 65ZD(3) of the Public Finance Act 1989, The Secretary to the Treasury makes the following statement:
I, John Henry Whitehead, Secretary to the Treasury, on behalf of the Crown, under delegations from the Minister of Finance under section 28 of the State Sector Act 1988, gave guarantees under the New Zealand Deposit Guarantee Scheme to the following persons on the following dates:
5 December 2008
- Kookmin Bank (New Zealand Branch)
- Gold Band Finance Limited
- Vision Securities Limited
8 December 2008
- Farmers’ Mutual Finance Limited
- FE Investments Limited
- Wilson & Horton Employees Credit Union
- Wine Country Credit Union
9 December 2008
- Credit Union Baywide
on the terms and conditions set out in the relevant guarantees appearing on the website of The Treasury at www.treasury.govt.nz
Dated at Wellington this 12th day of December 2008.
JOHN HENRY WHITEHEAD, Secretary to the Treasury.
go9681
Next Page →
NZ Gazette 2008, No 195
✨ LLM interpretation of page content
🏢
Public Trust Common Fund Interest Rates Notice 18 December 2008
(continued from previous page)
🏢 State Enterprises & Insurance16 December 2008
Public Trust, Common Fund, Interest Rates, Deposits, Investment, Trust, Protection, Special, Agency
- MICHELLE OLBRICHT, Secretary of the Pricing Committee, Public Trust
💰 Statement of Guarantees Given Under the Public Finance Act 1989
💰 Finance & Revenue12 December 2008
Guarantees, Public Finance Act, Deposit Guarantee Scheme, Treasury
- John Henry Whitehead, Secretary to the Treasury