✨ Financial and Social Welfare Notices
NEW ZEALAND GAZETTE, No. 115
9 SEPTEMBER 2010
(i) do not apply to investment deposits repayable at the end of a fixed term that commenced prior to 8 September 2010; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 8 September 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 | $10,000-$49,999 | $50,000-$249,999 | $250,000+ | |
|---|---|---|---|---|
| 3 mths | 2.80 | 3.20 | 3.25 | 3.30 |
| 6 mths | 2.80 | 3.80 | 3.85 | 3.90 |
| 9 mths | 2.80 | 4.65 | 4.65 | 4.65 |
| 1 yr | 3.85 | 4.20 | 4.25 | 4.30 |
| 18 mths | 3.90 | 5.05 | 5.05 | 5.05 |
| 24 mths | 3.95 | 4.95 | 5.00 | 5.05 |
| 30 mths | 4.05 | 5.20 | 5.25 | 5.30 |
| 36 mths | 4.10 | 5.45 | 5.45 | 5.45 |
| 4 yrs | 4.30 | 5.70 | 5.70 | 5.70 |
| 5 yrs | 4.40 | 5.80 | 5.80 | 5.80 |
Interest payable monthly and quarterly
| $20,000-$49,999 | $50,000-$249,999 | $250,000+ | |
|---|---|---|---|
| 6 mths | 3.80 | 3.85 | 3.90 |
| 9 mths | 4.65 | 4.65 | 4.65 |
| 1 yr | 4.20 | 4.25 | 4.30 |
| 18 mths | 5.05 | 5.05 | 5.05 |
| 24 mths | 4.95 | 5.00 | 5.05 |
| 30 mths | 5.20 | 5.25 | 5.30 |
| 36 mths | 5.45 | 5.45 | 5.45 |
| 4 yrs | 5.70 | 5.70 | 5.70 |
| 5 yrs | 5.80 | 5.80 | 5.80 |
Dated at Wellington this 7th day of September 2010.
DAVID GORDON, Head of Financial Products, Public Trust.
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Social Development
Social Security Act 1964
Tax Transitional Supplement Programme
Pursuant to sections 5 and 124(1)(d) of the Social Security Act 1964, the Minister for Social Development and Employment establishes and approves the following welfare programme for special assistance and amends the Direction in relation to Special Benefit given on 10 February 1999*.
Dated at Wellington this 27th day of August 2010.
HON PAULA BENNETT, Minister for Social Development and Employment.
Programme
-
Title—This programme is the Tax Transitional Supplement Programme.
-
Commencement—This programme comes into effect on 1 October 2010.
-
Expiry—This programme expires on the close of 31 March 2011.
-
Purpose—The purpose of this programme is:
(a) to postpone the effect of the 1 October 2010 changes to income tax rates and rates of family tax credits on certain benefits;
(b) to provide transitional financial assistance to compensate people who are beneficiaries (including recipients of New Zealand superannuation or veteran’s pension) or low income earners and have an overall reduction in their net incomes as a result of the 1 October 2010 changes to income tax rates or rates of family scheme tax credits, and related changes. -
Interpretation—(1) In this programme, unless the context otherwise requires:
Act means the Social Security Act 1964.
- applicant:
(a) means a person who intends to apply, or is identified by the chief executive as eligible to apply, for a tax transitional supplement under Part 2; and
(b) includes a person granted a tax transitional supplement under that Part. - beneficiary has the same meaning as in section 61E of the Act.
- applicant:
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NZ Gazette 2010, No 115
✨ LLM interpretation of page content
💰
Public Trust Common Fund Interest Rates Notice
(continued from previous page)
💰 Finance & Revenue7 September 2010
Interest Rates, Common Fund, Public Trust
- DAVID GORDON, Head of Financial Products, Public Trust
🏥 Tax Transitional Supplement Programme
🏥 Health & Social Welfare27 August 2010
Social Security, Tax Transitional Supplement, Welfare Programme
- HON PAULA BENNETT, Minister for Social Development and Employment