New Zealand Gazette – 2010 – No. 32

Page 926

✨ Financial and Social Development Notices



926 NEW ZEALAND GAZETTE, No. 32 25 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 24 March 2010; but

(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 24 March 2010.

Schedule 1

Rates of interest payable on deposits (other than investment deposits repayable at the end of fixed term or protection deposits)

Deposit Type % 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

Total Deposits Range % 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 % p.a. $10,000-$49,999 % p.a. $50,000-$249,999 % p.a. $250,000+ % p.a.
3 mths 2.80 3.30 3.30 3.30
6 mths 2.80 3.80 3.80 3.80
9 mths 2.80 3.55 3.55 3.55
1 yr 3.80 4.00 4.00 4.00
18 mths 3.90 4.25 4.25 4.25
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 4.55 5.00 5.00 5.00
5 yrs 4.65 5.15 5.15 5.15

Interest payable monthly and quarterly

Term $20,000-$49,999 % p.a. $50,000-$249,999 % p.a. $250,000+ % p.a.
6 mths 3.80 3.80 3.80
9 mths 3.55 3.55 3.55
1 yr 4.00 4.00 4.00
18 mths 4.25 4.25 4.25
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 23rd day of March 2010.

DAVID GORDON, Head of Financial Products, Public Trust.

go2284

Social Development

Social Security Act 1964

Instrument Amending Ministerial Direction and Welfare Programmes 2010

Under sections 5 and 124(1)(d) of the Social Security Act 1964, I make the following instrument amending the direction and welfare programmes set out in Schedules 1 and 2.

Dated at Wellington this 13th day of March 2010.

HON PAULA BENNETT, Minister for Social Development and Employment.

Instrument

  1. Title—This instrument is the Instrument Amending Ministerial Direction and Welfare Programmes 2010.

  2. Commencement—This instrument comes into effect on 1 April 2010.

  3. Amendments relating to change in Consumers Price Index—The direction and welfare programmes set out in Schedule 1 are amended in the manner set out in that Schedule.

  4. Amendments relating to other matters—The welfare programmes set out in Schedule 2 are amended in the manner set out in that Schedule.



Next Page →



Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2010, No 32




✨ LLM interpretation of page content

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

🏢 State Enterprises & Insurance
23 March 2010
Public Trust, Common Fund, Interest Rates, Investment Deposits, Protection Deposits, Agency Deposits, Call Deposits, Special Deposits, Trust Deposits
  • DAVID GORDON, Head of Financial Products, Public Trust

🏥 Social Security Act 1964 Amendment Instrument

🏥 Health & Social Welfare
13 March 2010
Social Security Act 1964, Ministerial Direction, Welfare Programmes, Consumers Price Index, Amendments
  • HON PAULA BENNETT, Minister for Social Development and Employment