✨ Financial and Superannuation Notices
18 MARCH 2010
NEW ZEALAND GAZETTE, No. 31
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 4 March 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 14 March 2010 but otherwise operate as from 15 March 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 3 March 2010; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 3 March 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 March 2010) | 2.46 |
| 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
| Term | $5,000-$9,999 | $10,000-$49,999 | $50,000-$249,999 | $250,000+ |
|---|---|---|---|---|
| 3 mths | 2.90 | 3.30 | 3.30 | 3.30 |
| 6 mths | 2.90 | 3.55 | 3.55 | 3.55 |
| 9 mths | 2.90 | 3.30 | 3.30 | 3.30 |
| 1 yr | 3.80 | 4.00 | 4.00 | 4.00 |
| 18 mths | 3.90 | 4.15 | 4.15 | 4.15 |
| 24 mths | 4.05 | 4.50 | 4.50 | 4.50 |
| 30 mths | 4.15 | 4.60 | 4.60 | 4.60 |
| 36 mths | 4.30 | 4.75 | 4.75 | 4.75 |
| 4 yrs | 4.40 | 5.00 | 5.00 | 5.00 |
| 5 yrs | 4.40 | 5.15 | 5.15 | 5.15 |
Interest payable monthly and quarterly
| Term | $20,000-$49,999 | $50,000-$249,999 | $250,000+ |
|---|---|---|---|
| 6 mths | 3.55 | 3.55 | 3.55 |
| 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 16th day of March 2010.
COLIN THOMSON, Head of Investments.
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The Treasury
Government Superannuation Fund Act 1956
Appointment to the Government Superannuation Appeals Board
Pursuant to section 5 of the Government Superannuation Fund Act 1956, I have appointed
Ralph Stockdill
as a member of the Government Superannuation Appeals Board for a term from 15 March 2010 up to 30 September 2013.
Dated at Wellington this 11th day of March 2010.
HON BILL ENGLISH, Minister of Finance.
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Appointment to the Government Superannuation Appeals Board
Pursuant to section 5 of the Government Superannuation Fund Act 1956, I have appointed
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NZ Gazette 2010, No 31
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Public Trust Common Fund Interest Rates
(continued from previous page)
🏢 State Enterprises & Insurance16 March 2010
Interest Rates, Deposits, Public Trust Act 2001, Schedules
- COLIN THOMSON, Head of Investments
💰 Appointment to the Government Superannuation Appeals Board
💰 Finance & Revenue11 March 2010
Government Superannuation Fund Act 1956, Appeals Board, Appointment
- Ralph Stockdill, Appointed to Government Superannuation Appeals Board
- HON BILL ENGLISH, Minister of Finance