New Zealand Gazette – 2010 – No. 179

Page 4457

✨ Financial and Social Development Notices



23 DECEMBER 2010 NEW ZEALAND GAZETTE, No. 179 4457

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 3.00 3.20 3.25 3.30
6 mths 3.05 3.80 3.85 3.90
9 mths 3.05 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 21st day of December 2010.

DAVID GORDON, Head of Financial Products, Public Trust.

go9847

Social Development

Social Security Act 1964

DPB Sole Parent Study Assistance Programme

Pursuant to sections 124(1)(d) and 5 of the Social Security Act 1964, the Minister for Social Development and Employment establishes and approves the following welfare programme for special assistance.

Dated at Wellington this 16th day of December 2010.

HON PAULA BENNETT, Minister for Social Development and Employment.

Programme

  1. Title—This programme is the DPB Sole Parent Study Assistance Programme.

  2. Commencement—This programme comes into effect on 1 January 2011.

  3. Purpose—The purposes of this programme are to:
    (a) assist beneficiaries receiving the domestic purposes benefit for solo parents to obtain and retain employment by providing recoverable financial assistance towards their study costs for certain courses of employment-related training; and
    (b) ensure that the financial assistance set out in paragraph (a) is provided within the limits and for the reasons prescribed; and
    (c) facilitate the recovery of that financial assistance.

  4. Interpretation—(1) In this programme, unless the context otherwise requires:

    Act means the Social Security Act 1964

    applicant means a person who has applied or on whose behalf an application has been made for recoverable assistance under this programme and, where the context requires, includes a person who has been granted recoverable assistance under this programme

    approved employment-related training course or course means a course:
    (a) at level 4 or above on the national qualification framework; and
    (b) that is for the time being approved by the chief executive as employment-related training; and
    (c) that is provided by an institution (within the meaning of Part 15 of the Education Act 1989); and
    (d) that is a course:
    (i) for which the institution receives funding under the Education Act 1989; or
    (ii) for which the institution receives other government funding that the chief executive considers is analogous to funding under the Education Act 1989; or
    (iii) which is of a kind that the chief executive considers is analogous to a course that is funded under the Education Act 1989

    course costs, in relation to a course, means the following necessary and reasonable costs of attending the course: books, materials, and equipment

    course provider means the institution providing a course

    national qualification framework means the framework for national qualifications developed by the NZQA under section 253(1)(c) of the Education Act 1989

    NZQA means the New Zealand Qualifications Authority established under Part 20 of the Education Act 1989

    recoverable assistance or assistance means the assistance referred to in clause 6(1)

    study costs, in relation to a course, means the necessary and reasonable costs of attending the course, including:
    (a) course costs; and
    (b) cost of transport to and from the course; and
    (c) childcare costs, after deducting any amount for childcare assistance paid under section 61GA of the Act or under any welfare programme approved under section 124(1)(d) of the Act; and
    (d) babysitting or other child minding costs; and
    (e) any other cost that the chief executive determines to be a necessary cost of attending the course other than tuition or enrolment fees

    (2) Other terms defined in section 3(1) of the Act have the same meanings in this programme.

  5. Application of the Social Security Act 1964—
    (1) Sections 12, 62, 68A, 71, 74, 74A, 76, 77, 80A, 81, 82(3), (4), and (7), and 84 of the Act apply in relation to this programme and to the persons referred to in subclause (2) as if the special assistance authorised by this programme were a benefit.



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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2010, No 179




✨ LLM interpretation of page content

🏢 Public Trust Common Fund Interest Rates Notice 23 December 2010 (continued from previous page)

🏢 State Enterprises & Insurance
21 December 2010
Interest rates, Common Fund, Public Trust, Deposits, Schedules
  • DAVID GORDON, Head of Financial Products, Public Trust

🏥 DPB Sole Parent Study Assistance Programme

🏥 Health & Social Welfare
16 December 2010
Social Security, Welfare Programme, Study Assistance, Domestic Purposes Benefit, Employment
  • HON PAULA BENNETT, Minister for Social Development and Employment