✨ Financial and Social Policy Notices
11 AUGUST 2011 NEW ZEALAND GAZETTE, No. 123
(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 14 July 2011 is revoked.
(2) Unless otherwise specified, the rates of interest specified in Schedules 1 and 2 to this notice do not apply to any period that ends with 9 August 2011 but otherwise operate as from 10 August 2011.
(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 10 August 2011; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 10 August 2011.
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 | 1.00 |
| Agency deposits $10,000–$49,999 | 1.15 |
| Agency deposits $50,000–$249,999 | 1.70 |
| Agency deposits $250,000+ | 1.90 |
| Call deposits $0–$9,999 | 1.00 |
| Call deposits $10,000–$49,999 | 1.15 |
| Call deposits $50,000–$249,999 | 1.70 |
| Call deposits $250,000+ | 1.90 |
| Funeral Trust Cash Fund (effective 1 October 2010) | 1.35 |
| Investment deposits at call $0–$9,999 | 1.00 |
| Investment deposits at call $10,000–$49,999 | 1.15 |
| Investment deposits at call $50,000–$249,999 | 1.70 |
| Investment deposits at call $250,000+ | 1.90 |
| Special deposits (effective 15 June 2011) | 2.42 |
| Trust deposits $0–$9,999 | 1.00 |
| Trust deposits $10,000–$49,999 | 1.15 |
| Trust deposits $50,000–$249,999 | 1.70 |
| Trust deposits $250,000+ | 1.90 |
Schedule 2
Rates of interest payable on each protection deposit associated with a particular private training establishment
| Total Deposit Range | % p.a. |
|---|---|
| Total deposits do not exceed $350,000 | 1.40 |
| Total deposits in range $350,001 to $1,000,000 | 1.90 |
| Total deposits in range $1,000,001 to $3,000,000 | 2.30 |
| Total deposits exceed $3,000,001 | 2.80 |
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 | 2.90 | 3.10 | 3.15 | 3.15 |
| 6 mths | 3.05 | 3.55 | 3.55 | 3.55 |
| 9 mths | 3.05 | 3.65 | 3.65 | 3.65 |
| 1 yr | 3.45 | 3.70 | 3.70 | 3.70 |
| 18 mths | 3.45 | 3.80 | 3.80 | 3.80 |
| 24 mths | 3.55 | 4.00 | 4.00 | 4.00 |
| 30 mths | 3.65 | 4.20 | 4.20 | 4.20 |
| 36 mths | 3.75 | 4.40 | 4.40 | 4.40 |
| 4 yrs | 3.80 | 4.70 | 4.70 | 4.70 |
| 5 yrs | 3.85 | 5.00 | 5.00 | 5.00 |
Interest payable monthly and quarterly
| Term | $20,000-$49,999 % p.a. | $50,000-$249,999 % p.a. | $250,000+ % p.a. |
|---|---|---|---|
| 6 mths | 3.55 | 3.55 | 3.55 |
| 9 mths | 3.65 | 3.65 | 3.65 |
| 1 yr | 3.70 | 3.70 | 3.70 |
| 18 mths | 3.80 | 3.80 | 3.80 |
| 24 mths | 4.00 | 4.00 | 4.00 |
| 30 mths | 4.20 | 4.20 | 4.20 |
| 36 mths | 4.40 | 4.40 | 4.40 |
| 4 yrs | 4.70 | 4.70 | 4.70 |
| 5 yrs | 5.00 | 5.00 | 5.00 |
Dated at Wellington this 9th day of August 2011.
DAVID GORDON, Head of Financial Products, Public Trust.
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Social Development
Social Security Act 1964
Temporary Accommodation Assistance (Canterbury Earthquake) Amendment 2011
Pursuant to section 124(1)(d) of the Social Security Act 1964 (the Act), the Minister for Social Development and Employment makes the following instrument.
Instrument
-
Title—This instrument is the Temporary Accommodation Assistance (Canterbury Earthquake) Amendment 2011.
-
Commencement—This instrument comes into effect on the day after the date on which it is made.
-
Principal programme amended—This instrument amends the Temporary Accommodation Assistance (Canterbury Earthquake) Programme* (as established and approved on 16 February 2011).
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NZ Gazette 2011, No 123
✨ LLM interpretation of page content
💰
Public Trust Common Fund Interest Rates Notice
(continued from previous page)
💰 Finance & Revenue9 August 2011
Public Trust Act, Interest Rates, Deposits, Investment, Protection, Special Deposits
- DAVID GORDON, Head of Financial Products, Public Trust
🏥 Temporary Accommodation Assistance (Canterbury Earthquake) Amendment 2011
🏥 Health & Social WelfareSocial Security Act, Temporary Accommodation, Canterbury Earthquake, Assistance Programme
- Minister for Social Development and Employment