✨ Financial Notices
NEW ZEALAND GAZETTE, No. 3
21 JANUARY 2010
(i) for persons not of full age or capacity; or
(ii) for beneficiaries not entitled to payment at call; or
(iii) otherwise than at call.
(2) Expressions defined in the Act have the same meaning in this notice as they do in the Act.
3. Rates of Common Fund interest—
(1) The rate of Common Fund interest on deposits (other than investment deposits repayable at the end of fixed term or protection deposits) shall be that specified in Schedule 1 for the appropriate type of deposits.
(2) The rate of Common Fund interest on each protection deposit associated with a particular private training 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.
4. Revocation of notice and transitional provisions—
(1) The Public Trust Common Fund Interest Rates Notice 14 January 2010 is revoked.
(2) The rates of interest specified in Schedules 1 and 2 to this notice do not apply to any period that ends with 19 January 2010 but otherwise operate as from 20 January 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 20 January 2010; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 20 January 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 | 0.90 |
| Agency deposits $10,000–$49,000 | 1.10 |
| Agency deposits $50,000–$249,000 | 1.50 |
| Agency deposits $250,000+ | 2.50 |
| Call deposits | 1.10 |
| Investment deposits at call $0–$9,999 | 0.90 |
| Investment deposits at call $10,000–$49,999 | 1.10 |
| Investment deposits at call $50,000–$249,999 | 1.50 |
| Investment deposits at call $250,000+ | 2.50 |
| Special deposits (effective 15 December 2009) | 2.50 |
| Trust deposits $0–$9,999 | 0.90 |
| Trust deposits $10,000–$49,000 | 1.10 |
| Trust deposits $50,000–$249,000 | 1.50 |
| 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 | 1.60 |
| Total deposits in range $350,001 to $1,000,000 | 2.10 |
| Total deposits in range $1,000,001 to $3,000,000 | 2.50 |
| Total deposits exceed $3,000,001 | 3.10 |
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 | 3.15 | 3.30 | 3.30 | 3.30 |
| 6 mths | 3.15 | 3.40 | 3.40 | 3.40 |
| 9 mths | 3.15 | 3.30 | 3.30 | 3.30 |
| 1 yr | 3.15 | 4.00 | 4.00 | 4.00 |
| 18 mths | 3.15 | 4.15 | 4.15 | 4.15 |
| 24 mths | 3.15 | 4.50 | 4.50 | 4.50 |
| 30 mths | 3.15 | 4.60 | 4.60 | 4.60 |
| 36 mths | 3.15 | 4.75 | 4.75 | 4.75 |
| 4 yrs | 3.15 | 5.00 | 5.00 | 5.00 |
| 5 yrs | 3.15 | 5.15 | 5.15 | 5.15 |
Interest payable monthly and quarterly
| $20,000-$49,999 | $50,000-$249,999 | $250,000+ | |
|---|---|---|---|
| 6 mths | 3.40 | 3.40 | 3.40 |
| 9 mths | 3.30 | 3.30 | 3.30 |
| 1 yr | 4.00 | 4.00 | 4.00 |
| 18 mths | 4.15 | 4.15 | 4.15 |
| 24 mths | 4.50 | 4.50 | 4.50 |
| 30 mths | 4.60 | 4.60 | 4.60 |
| 36 mths | 4.75 | 4.75 | 4.75 |
| 4 yrs | 5.00 | 5.00 | 5.00 |
| 5 yrs | 5.15 | 5.15 | 5.15 |
Dated at Wellington this 19th day of January 2010.
GAYLENE TURBOTT, Secretary of the Pricing Committee, Public Trust.
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The Treasury
Public Finance Act 1989
Statement of Indemnity 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 13 January 2010, I, The Honourable Simon William English, Minister of Finance, on behalf of the Crown, gave an indemnity to United Airlines Incorporated of
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NZ Gazette 2010, No 3
✨ LLM interpretation of page content
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Public Trust Common Fund Interest Rates Notice
(continued from previous page)
🏢 State Enterprises & Insurance19 January 2010
Public Trust, Common Fund, Interest Rates, Financial Administration
- Gaylene Turbott, Secretary of the Pricing Committee, Public Trust
💰 Statement of Indemnity Given Under the Public Finance Act 1989
💰 Finance & RevenueIndemnity, Public Finance Act, United Airlines, Crown
- The Honourable Simon William English, Minister of Finance