✨ Regulatory Notices
New Zealand Food Safety Authority
Food Act 1981
Notice Under the Food Act 1981 (Notice No. 204)
Pursuant to section 11G of the Food Act 1981, notice is given of the issue on 23 March 2010 of the New Zealand (Australia New Zealand Food Standards Code) Food Standards 2002, Amendment No. 29, which comes into force on 29 April 2010.
A copy of the notice may be inspected or obtained at the office of the New Zealand Food Safety Authority, South Tower, 68 Jervois Quay (PO Box 2835), Wellington.
It can also be viewed on the NZFSA website:
www.nzfsa.govt.nz
Dated this 25th day of March 2010.
CAROLE INKSTER, Director (Policy), New Zealand Food Safety Authority (acting pursuant to delegated authority).
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Public Trust
Public Trust Act 2001
The Public Trust Common Fund Interest Rates Notice 1 April 2010
The following notice is given pursuant to section 50 of the Public Trust Act 2001 (“the Act”).
Notice
- Title and commencement—(1) This notice may be cited as the Public Trust Common Fund Interest Rates Notice 1 April 2010.
(2) The determinations and revocation in this notice take effect from and including 31 March 2010.
- Interpretation—(1) Unless the context otherwise requires:
“agency deposit” means a deposit (not being an investment deposit) held as agent or attorney;
“call deposit” means a deposit (not being an agency deposit, an investment deposit, a protection deposit, a special deposit or a trust deposit) held in the ordinary course of administration, and determined by Public Trust to be held at call;
“deposit” means a sum of money held by Public Trust belonging to any estate, which money for the time being forms part of the Common Fund;
“investment deposit” means a deposit held at call or otherwise as an investment under section 51 of the Act;
“protection deposit” means a deposit, held at call, of tuition, boarding, accommodation or other fees by or on behalf of a student enrolled at a private training establishment within the meaning of Part 18 of the Education Act 1989;
“special deposit” means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;
“trust deposit” means a deposit (not being an agency deposit, an investment deposit, a protection deposit or a special deposit) held on trust:
(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.
- 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.
- Revocation of notice and transitional provisions—
(1) The Public Trust Common Fund Interest Rates Notice 25 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 30 March 2010 but otherwise operate as from 31 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 31 March 2010; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 31 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 | Amount | % 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 |
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✨ LLM interpretation of page content
🏥 Amendment to Australia New Zealand Food Standards Code
🏥 Health & Social Welfare25 March 2010
Food Standards, Amendment, Australia New Zealand Food Standards Code
- CAROLE INKSTER, Director (Policy), New Zealand Food Safety Authority
🏢 Public Trust Common Fund Interest Rates Notice
🏢 State Enterprises & Insurance31 March 2010
Interest Rates, Public Trust, Common Fund, Investment Deposits, Trust Deposits
NZ Gazette 2010, No 39