✨ Financial and Treasury Notices
12 MAY 2011 NEW ZEALAND GAZETTE, No. 64 1489
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 11 May 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 March 2011) | 2.44 |
| 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 |
Interest payable monthly and quarterly
| $20,000-$49,999 | $50,000-$249,999 | $250,000+ | |
|---|---|---|---|
| % p.a. | % p.a. | % p.a. | |
| 6 mths | 3.80 | 3.80 | 3.80 |
| 9 mths | 4.00 | 4.00 | 4.00 |
| 1 yr | 4.00 | 4.00 | 4.00 |
| 18 mths | 4.20 | 4.20 | 4.20 |
| 24 mths | 4.35 | 4.35 | 4.35 |
| 30 mths | 4.55 | 4.60 | 4.65 |
| 36 mths | 4.80 | 4.85 | 4.90 |
| 4 yrs | 5.00 | 5.00 | 5.00 |
| 5 yrs | 5.15 | 5.15 | 5.15 |
Dated at Wellington this 9th day of May 2011.
DAVID GORDON, Head of Financial Products, Public Trust.
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The Treasury
Crown Entities Act 2004
Notice of Approval Given Pursuant to Section 160(1)
Pursuant to section 160(3) of the Crown Entities Act 2004, I, Jeremy Salmond, Acting Treasury Solicitor, hereby give notice that on 3 May 2011, Karen Sewell, Secretary for Education, acting under delegation from the Minister of Education, and John Whitehead, Secretary to the Treasury, acting under delegation from the Minister of Finance, gave an approval under section 160(1)(b) of the Crown Entities Act 2004 for Ashburton College Board of Trustees to acquire shares in Ashburton Trading Society up to an aggregate maximum value of $500.00.
Dated at Wellington this 4th day of May 2011.
JEREMY SALMOND, Acting Treasury Solicitor.
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Public Finance Act 1989
Statement of Indemnity Given Under the Public Finance Act 1989
Pursuant to section 65ZD(3) of the Public Finance Act 1989, the Minister of Finance makes the following statement:
"On 2 May 2011, I, The Honourable Simon William English, Minister of Finance, on behalf of the Crown, gave an indemnity to Christchurch City Council, Waimakariri District Council, Selwyn District Council, and Canterbury Regional Council, in relation to the government’s share, under the National Civil Defence Emergency Management Plan, of response costs and recovery costs resulting from the Canterbury earthquakes of 4 September 2010 and 22 February 2011."
Dated at Wellington this 2nd day of May 2011.
HON SIMON WILLIAM ENGLISH, Minister of Finance.
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Schedule 2
Rates of interest payable on each protection deposit associated with a particular private training establishment
| Total deposits | % 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 | $10,000-$49,999 | $50,000-$249,999 | $250,000+ |
|---|---|---|---|---|
| % p.a. | % p.a. | % p.a. | % p.a. | |
| 3 mths | 2.95 | 3.20 | 3.25 | 3.30 |
| 6 mths | 3.05 | 3.80 | 3.80 | 3.80 |
| 9 mths | 3.05 | 4.00 | 4.00 | 4.00 |
| 1 yr | 3.45 | 4.00 | 4.00 | 4.00 |
| 18 mths | 3.50 | 4.20 | 4.20 | 4.20 |
| 24 mths | 3.60 | 4.35 | 4.35 | 4.35 |
| 30 mths | 3.65 | 4.55 | 4.60 | 4.65 |
| 36 mths | 3.80 | 4.80 | 4.85 | 4.90 |
| 4 yrs | 3.80 | 5.00 | 5.00 | 5.00 |
| 5 yrs | 3.90 | 5.15 | 5.15 | 5.15 |
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NZ Gazette 2011, No 64
✨ LLM interpretation of page content
🏢
Public Trust Common Fund Interest Rates Notice
(continued from previous page)
🏢 State Enterprises & Insurance9 May 2011
Public Trust Act 2001, Common Fund Interest Rates, Deposits, Investment
- DAVID GORDON, Head of Financial Products, Public Trust
🎓 Approval for Ashburton College Board of Trustees to Acquire Shares
🎓 Education, Culture & Science4 May 2011
Crown Entities Act 2004, Ashburton College, Shares Acquisition
- Jeremy Salmond, Acting Treasury Solicitor
- Karen Sewell, Secretary for Education
- John Whitehead, Secretary to the Treasury
💰 Indemnity Statement for Canterbury Earthquakes Response Costs
💰 Finance & Revenue2 May 2011
Public Finance Act 1989, Canterbury Earthquakes, Indemnity, Christchurch City Council, Waimakariri District Council, Selwyn District Council, Canterbury Regional Council
- HON SIMON WILLIAM ENGLISH, Minister of Finance
💰 Rates of Interest Payable on Protection Deposits
💰 Finance & RevenueInterest Rates, Protection Deposits, Private Training Establishments
💰 Rates of Interest Payable on Investment Deposits
💰 Finance & RevenueInterest Rates, Investment Deposits, Fixed Term