✨ Financial and Appointment Notices
NEW ZEALAND GAZETTE, No. 120
16 SEPTEMBER 2010
(i) do not apply to investment deposits repayable at the end of a fixed term that commenced prior to 15 September 2010; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 15 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
| $5,000-$9,999 | $10,000-$49,999 | $50,000-$249,999 | $250,000+ | |
|---|---|---|---|---|
| % p.a. | % p.a. | % p.a. | % p.a. | |
| 3 mths | 2.75 | 3.20 | 3.25 | 3.30 |
| 6 mths | 2.80 | 3.80 | 3.85 | 3.90 |
| 9 mths | 2.80 | 4.70 | 4.70 | 4.70 |
| 1 yr | 3.70 | 4.20 | 4.25 | 4.30 |
| 18 mths | 3.80 | 5.05 | 5.05 | 5.05 |
| 24 mths | 3.85 | 4.95 | 5.00 | 5.05 |
| 30 mths | 3.90 | 5.20 | 5.25 | 5.25 |
| 36 mths | 3.95 | 5.25 | 5.25 | 5.25 |
| 4 yrs | 4.10 | 5.50 | 5.50 | 5.50 |
| 5 yrs | 4.15 | 5.75 | 5.75 | 5.75 |
Interest payable monthly and quarterly
| $20,000-$49,999 | $50,000-$249,999 | $250,000+ | |
|---|---|---|---|
| % p.a. | % p.a. | % p.a. | |
| 6 mths | 3.80 | 3.85 | 3.90 |
| 9 mths | 4.70 | 4.70 | 4.70 |
| 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 | 5.25 |
| 36 mths | 5.25 | 5.25 | 5.25 |
Dated at Wellington this 14th day of September 2010.
DAVID GORDON, Head of Financial Products, Public Trust.
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Social Development
Crown Entities Act 2004
Families Commission Act 2003
Appointments to the Families Commission
Pursuant to section 28 of the Crown Entities Act 2004, and section 18 of the Families Commission Act 2003, the Minister for Social Development and Employment has appointed to the Families Commission
Robyn Scott, of Wellington
James Prescott, of Auckland
as part-time members (Commissioners) for a term of three years commencing on 1 September 2010.
Dated at Wellington this 25th day of August 2010.
HON PAULA BENNETT, Minister for Social Development and Employment.
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The Treasury
Public Finance Act 1989
Statement of Guarantee Given Under the Public Finance Act 1989
Pursuant to section 65ZD(3) of the Public Finance Act 1989, the Minister of Finance makes the following statement:
"On 21 August 2010, I, The Honourable Simon William English, Minister of Finance, on behalf of the Crown, gave a guarantee to Public Trust, in relation to the interest payable to estates whose money constitutes the Common Fund. The guarantee takes effect from 12 October 2010 and will continue to apply until the earlier of the date the Public Trust Act 2001 has been amended to avoid any doubt that the guarantee in section 52 of the Public Trust Act 2001 applies to both capital and accrued interest, or such date as I revoke the guarantee by notice in writing to Public Trust."
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NZ Gazette 2010, No 120
✨ LLM interpretation of page content
🏢
Public Trust Common Fund Interest Rates Notice
(continued from previous page)
🏢 State Enterprises & Insurance14 September 2010
Public Trust, Interest Rates, Common Fund, Investment Deposits
- DAVID GORDON, Head of Financial Products, Public Trust
🏥 Appointments to the Families Commission
🏥 Health & Social Welfare25 August 2010
Appointments, Families Commission, Commissioners, Wellington, Auckland
- Robyn Scott, Appointed part-time member of Families Commission
- James Prescott, Appointed part-time member of Families Commission
- HON PAULA BENNETT, Minister for Social Development and Employment
💰 Statement of Guarantee Given Under the Public Finance Act 1989
💰 Finance & RevenueGuarantee, Public Trust, Interest Payments, Common Fund
- The Honourable Simon William English, Minister of Finance