✨ Public Trust Interest Rates and Treasury Financial Statements
25 NOVEMBER 2010 NEW ZEALAND GAZETTE, No. 156
(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.
4. Revocation of notice and transitional provisions—
(1) The Public Trust Common Fund Interest Rates Notice 30 September 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 23 November 2010 but otherwise operate as from 24 November 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 24 November 2010; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 24 November 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 1 October 2010) | 1.35 |
| 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 September 2010) | 2.99 |
| 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+ | |
|---|---|---|---|---|
| % 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 | 4.80 | 4.80 | 4.80 |
| 1 yr | 3.70 | 4.20 | 4.25 | 4.30 |
| 18 mths | 3.65 | 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 | 4.80 | 4.80 | 4.80 |
| 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 |
| 4 yrs | 5.50 | 5.50 | 5.50 |
| 5 yrs | 5.75 | 5.75 | 5.75 |
Dated at Wellington this 23rd day of November 2010.
DAVID GORDON, Head of Financial Products, Public Trust.
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The Treasury
Public Finance Act 1989
Notice of Publication of Financial Statements of the Government of New Zealand
Pursuant to section 31B of the Public Finance Act 1989, the Minister of Finance gives notice of the publication of the financial statements of the Government of New Zealand for:
- the three months ended 30 September 2010, on 8 November 2010.
Copies of these financial statements are available:
- for inspection free of charge at the National Library of New Zealand, Auckland City Library, Wellington Public Library and Canterbury Public Library;
- for purchase at branches of Bennetts bookshops; and
- through the internet at www.treasury.govt.nz
Dated at Wellington this 8th day of November 2010.
HON SIMON WILLIAM ENGLISH, Minister of Finance.
go9057
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NZ Gazette 2010, No 156
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Public Trust Common Fund Interest Rates Notice
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🏢 State Enterprises & Insurance23 November 2010
Interest Rates, Public Trust, Common Fund, Notice
- DAVID GORDON, Head of Financial Products, Public Trust
💰 Notice of Publication of Financial Statements of the Government of New Zealand
💰 Finance & Revenue8 November 2010
Financial Statements, Government, Publication, Treasury
- HON SIMON WILLIAM ENGLISH, Minister of Finance