✨ Financial and Legal Notices
NEW ZEALAND GAZETTE, No. 90
18 JUNE 2009
(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 14 May 2009 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 June 2009 but otherwise operate as from 17 June 2009.
(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 June 2009; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 17 June 2009.
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 | 1.70 |
| Call deposits | 0.75 |
| Investment deposits at call | 1.70 |
| Special deposits (effective 15 June 2009) | 2.56 |
| Trust deposits | 1.70 |
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 | 1.30 |
| Total deposits in range $350,001 to $1,000,000 | 1.80 |
| Total deposits in range $1,000,001 to $3,000,000 | 2.20 |
| Total deposits exceed $3,000,001 | 2.80 |
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 % p.a. | $10,000-$49,999 % p.a. | $50,000-$249,999 % p.a. | $250,000+ % p.a. |
|---|---|---|---|---|
| 3 mths | 2.50 | 3.20 | 3.20 | 3.20 |
| 6 mths | 2.50 | 3.00 | 3.00 | 3.00 |
| 9 mths | 2.50 | 3.00 | 3.00 | 3.00 |
| 1 yr | 3.00 | 3.00 | 3.00 | 3.00 |
| 18 mths | 3.00 | 3.25 | 3.25 | 3.25 |
| 24 mths | 3.00 | 3.55 | 3.55 | 3.55 |
| 30 mths | 3.00 | 3.85 | 3.85 | 3.85 |
| 36 mths | 3.00 | 4.20 | 4.20 | 4.20 |
| 4 yrs | 3.00 | 4.65 | 4.65 | 4.65 |
| 5 yrs | 3.00 | 5.00 | 5.00 | 5.00 |
Interest payable monthly and quarterly
| Term | $20,000-$49,999 % p.a. | $50,000-$249,999 % p.a. | $250,000+ % p.a. |
|---|---|---|---|
| 6 mths | 3.00 | 3.00 | 3.00 |
| 9 mths | 3.00 | 3.00 | 3.00 |
| 1 yr | 3.00 | 3.00 | 3.00 |
| 18 mths | 3.25 | 3.25 | 3.25 |
| 24 mths | 3.55 | 3.55 | 3.55 |
| 30 mths | 3.85 | 3.85 | 3.85 |
| 36 mths | 4.20 | 4.20 | 4.20 |
| 4 yrs | 4.65 | 4.65 | 4.65 |
| 5 yrs | 5.00 | 5.00 | 5.00 |
Dated at Wellington this 16th day of June 2009.
GAYLENE TURBOTT, Secretary of the Pricing Committee, Public Trust.
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The Treasury
Companies Act 1955
Land Transfer Act 1952
Notice of Disclaimer Under Section 338(1) of the Companies Act 1955
In the matter of the Land Transfer Act 1952, and in the matter of section 338(1) of the Companies Act 1955, and in the matter of Kents Bakeries Limited.
Take notice that I, John Henry Whitehead, Secretary to the Treasury, pursuant to section 338(1) of the Companies Act 1955, hereby disclaim for and on behalf of Her Majesty The Queen, the reversionary interest of Her Majesty The Queen in the fee simple estate of 8 square metres, being on Lot 3-4, DP 22145 and comprised in Computer Freehold Register NA636/221 with the registered proprietor of that interest being Kents Bakeries Limited, a company removed from the Companies Register on or around 22 April 1991.
Dated at Wellington this 14th day of June 2009.
Signed by John Henry Whitehead, Secretary to the Treasury, for and on behalf of Her Majesty The Queen under delegations from the Minister of Finance under section 28 of the State Sector Act 1988:
JOHN HENRY WHITEHEAD, Secretary to the Treasury.
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NZ Gazette 2009, No 90
✨ LLM interpretation of page content
🏢
Public Trust Common Fund Interest Rates
(continued from previous page)
🏢 State Enterprises & Insurance16 June 2009
Interest Rates, Common Fund, Public Trust, Deposits, Schedules
- Gaylene Turbott, Secretary of the Pricing Committee, Public Trust
💰 Disclaimer of Reversionary Interest
💰 Finance & Revenue14 June 2009
Disclaimer, Land Transfer, Companies Act, Treasury, Kents Bakeries Limited
- John Henry Whitehead, Secretary to the Treasury