✨ Financial and Science Notices
5274 NEW ZEALAND GAZETTE, No. 181 24 NOVEMBER 2011
- 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 17 November 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 22 November 2011 but otherwise operate as from 23 November 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 23 November 2011; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 23 November 2011.
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 | 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 September 2011) | 2.62 |
| 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
| % 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
| $5,000-$9,999 | $10,000-$49,999 | $50,000-$249,999 | $250,000+ | |
|---|---|---|---|---|
| 3 mths | 3.00 | 3.00 | 3.00 | 3.00 |
| 6 mths | 3.10 | 3.10 | 3.10 | 3.10 |
| 9 mths | 3.15 | 3.15 | 3.15 | 3.15 |
| 1 yr | 3.20 | 3.20 | 3.20 | 3.20 |
| 18 mths | 3.25 | 3.25 | 3.25 | 3.25 |
| 24 mths | 3.30 | 3.30 | 3.30 | 3.30 |
| 30 mths | 3.40 | 3.40 | 3.40 | 3.40 |
| 36 mths | 3.50 | 3.50 | 3.50 | 3.50 |
| 4 yrs | 3.70 | 3.70 | 3.70 | 3.70 |
| 5 yrs | 3.90 | 3.90 | 3.90 | 3.90 |
Interest payable monthly and quarterly
| $20,000-$49,999 | $50,000-$249,999 | $250,000+ | |
|---|---|---|---|
| 6 mths | 3.10 | 3.10 | 3.10 |
| 9 mths | 3.15 | 3.15 | 3.15 |
| 1 yr | 3.20 | 3.20 | 3.20 |
| 18 mths | 3.25 | 3.25 | 3.25 |
| 24 mths | 3.30 | 3.30 | 3.30 |
| 30 mths | 3.40 | 3.40 | 3.40 |
| 36 mths | 3.50 | 3.50 | 3.50 |
| 4 yrs | 3.70 | 3.70 | 3.70 |
| 5 yrs | 3.90 | 3.90 | 3.90 |
Dated at Wellington this 22nd day of November 2011.
DAVID GORDON, Head of Financial Products, Public Trust.
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Science and Innovation
Research, Science, and Technology Act 2010
Criteria for the Assessment of Proposals for Capability in Independent Research Organisations
Funding by the Science Board
Pursuant to the Research, Science, and Technology Act 2010, this notice should be read in conjunction with the Establishment of Innovation Board and Science Board and Other Related Notices Supplement to the New Zealand Gazette, 31 January 2011, No. 9, page 177.
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NZ Gazette 2011, No 181
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Public Trust Common Fund Interest Rates Notice
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🏢 State Enterprises & Insurance22 November 2011
Public Trust, Interest Rates, Common Fund, Schedules
- DAVID GORDON, Head of Financial Products, Public Trust
🎓 Criteria for Assessment of Research Proposals
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