NEW ZEALAND GAZETTE, No. 55

21 APRIL 2011

Roger Gordon Munn, of Palmerston North.
Anthony Ansley Ruakere, of New Plymouth.
Jean Evelyn Kneebone, of Hamilton.
Barbara Ann Hodge, of Lower Hutt.
Pamela Mae McGhie, of Upper Hutt.
Margaret Joan Haugh, of Lower Hutt.
Theodore Weston Thomas, of Auckland.
Robert Noble Morton, of Putaruru.
Sydney Kent, of Gisborne.

Dated at Wellington this 18th day of April 2011.

BELINDA CLARK, Secretary for Justice.

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Labour

Crown Entities Act 2004

Appointments/reappointment to the ACC Board

Pursuant to section 28(1)(a) of the Crown Entities Act 2004, the Minister for ACC has been pleased to appoint to the ACC Board

Michael John McCliskie, of Nelson (as an existing member) to be the deputy chair commencing on 11 April 2011 and ceasing on 31 March 2012; and appoint

Paula Rebstock, CNZM, of North Shore
Gillian (Jill) Rae Spooner, of Rangiora

as members for terms commencing on 11 April 2011 and ceasing on 11 April 2014; and reappoint

Dr Marie Magdaleen Bismark, of Melbourne

as a member for an additional term ceasing on 30 June 2011.

Dated at Wellington this 11th day of April 2011.

HON DR NICK SMITH, Minister for ACC.

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Public Trust

Public Trust Act 2001

The Public Trust Common Fund Interest Rates Notice 21 April 2011

The following notice is given pursuant to section 50 of the Public Trust Act 2001 (“the Act”).

Notice

1. Title and commencement—(1) This notice may be cited as the Public Trust Common Fund Interest Rates Notice 21 April 2011.

(2) Unless otherwise specified, the determinations and revocation in this notice take effect from and including 20 April 2011.

2. 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.

3. 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.

4. Revocation of notice and transitional provisions—

(1) The Public Trust Common Fund Interest Rates Notice 14 April 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 19 April 2011 but otherwise operate as from 20 April 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 20 April 2011; but

(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 20 April 2011.

Schedule 1

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