✨ Financial and Capital Notices
26 AUGUST 2010 NEW ZEALAND GAZETTE, No. 108
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 5 August 2010 is revoked.
(2) Unless otherwise specified, the rates of interest specified in Schedules 1 and 2 to this notice do not apply to any period that ends with 24 August 2010 but otherwise operate as from 25 August 2010.
(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 25 August 2010; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 25 August 2010.
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 $0–$9,999 | 1.05 |
| Agency deposits $10,000–$49,999 | 1.25 |
| Agency deposits $50,000–$249,999 | 1.70 |
| Agency deposits $250,000+ | 2.50 |
| Call deposits $0–$9,999 | 1.05 |
| Call deposits $10,000–$49,999 | 1.25 |
| Call deposits $50,000–$249,999 | 1.70 |
| Call deposits $250,000+ | 2.50 |
| Funeral Trust Cash Fund (effective 2 August 2010) | 1.10 |
| Investment deposits at call $0–$9,999 | 1.05 |
| Investment deposits at call $10,000–$49,999 | 1.25 |
| Investment deposits at call $50,000–$249,999 | 1.70 |
| Investment deposits at call $250,000+ | 2.50 |
| Special deposits (effective 15 June 2010) | 2.84 |
| Trust deposits $0–$9,999 | 1.05 |
| Trust deposits $10,000–$49,999 | 1.25 |
| Trust deposits $50,000–$249,999 | 1.70 |
| Trust deposits $250,000+ | 2.50 |
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 | 1.90 |
| Total deposits in range $350,001 to $1,000,000 | 2.40 |
| Total deposits in range $1,000,001 to $3,000,000 | 2.80 |
| Total deposits exceed $3,000,001 | 3.40 |
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 | 2.80 | 3.30 | 3.30 | 3.30 |
| 6 mths | 2.80 | 4.00 | 4.00 | 4.00 |
| 9 mths | 2.80 | 4.45 | 4.45 | 4.45 |
| 1 yr | 3.85 | 4.25 | 4.25 | 4.25 |
| 18 mths | 3.95 | 5.00 | 5.00 | 5.00 |
| 24 mths | 4.05 | 4.90 | 4.90 | 4.90 |
| 30 mths | 4.15 | 5.15 | 5.15 | 5.15 |
| 36 mths | 4.30 | 5.40 | 5.40 | 5.40 |
| 4 yrs | 4.55 | 5.65 | 5.65 | 5.65 |
| 5 yrs | 4.65 | 5.75 | 5.75 | 5.75 |
Interest payable monthly and quarterly
| $20,000–$49,999 % p.a. | $50,000–$249,999 % p.a. | $250,000+ % p.a. | |
|---|---|---|---|
| 6 mths | 4.00 | 4.00 | 4.00 |
| 9 mths | 4.45 | 4.45 | 4.45 |
| 1 yr | 4.25 | 4.25 | 4.25 |
| 18 mths | 5.00 | 5.00 | 5.00 |
| 24 mths | 4.90 | 4.90 | 4.90 |
| 30 mths | 5.15 | 5.15 | 5.15 |
| 36 mths | 5.40 | 5.40 | 5.40 |
| 4 yrs | 5.65 | 5.65 | 5.65 |
| 5 yrs | 5.75 | 5.75 | 5.75 |
Dated at Wellington this 24th day of August 2010.
DAVID GORDON, Head of Financial Products, Public Trust.
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The Treasury
New Zealand Railways Corporation Act 1981
Notice of Increased Capital of the New Zealand Railways Corporation
Pursuant to section 36(3) of the New Zealand Railways Corporation Act 1981, I, The Honourable Simon William English, Minister of Finance, after recommendation from the New Zealand Railways Corporation, hereby increase the capital of the New Zealand Railways Corporation from $546,946,246 to $589,246,246.
This notice comes into effect on the date of its publication in the New Zealand Gazette.
Dated in Wellington this 23rd day of August 2010.
HON SIMON WILLIAM ENGLISH, Minister of Finance.
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NZ Gazette 2010, No 108
✨ LLM interpretation of page content
🏢
Public Trust Common Fund Interest Rates Notice
(continued from previous page)
🏢 State Enterprises & Insurance24 August 2010
Interest Rates, Public Trust, Common Fund, Investment Deposits, Protection Deposits, Special Deposits
- DAVID GORDON, Head of Financial Products, Public Trust
🚂 Notice of Increased Capital of the New Zealand Railways Corporation
🚂 Transport & Communications23 August 2010
Capital Increase, New Zealand Railways Corporation, Minister of Finance
- HON SIMON WILLIAM ENGLISH, Minister of Finance