New Zealand Gazette – 2012 – No. 61

Page 1764

✨ Financial and Economic Notices

NEW ZEALAND GAZETTE, No. 61

31 MAY 2012

(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 17 May 2012 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 30 May 2012 but otherwise operate as from 31 May 2012.

(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 May 2012; but

(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 31 May 2012.

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 16 March 2012)	2.48
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 Deposits 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	2.50
Total deposits exceed $3,000,001	3.20

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	2.50	2.50	2.50	2.50
6 mths	2.35	2.35	2.35	2.35
9 mths	2.30	2.30	2.30	2.30
1 yr	2.30	2.30	2.30	2.30
18 mths	2.30	2.30	2.30	2.30
24 mths	2.35	2.35	2.35	2.35
30 mths	2.35	2.35	2.35	2.35
36 mths	2.35	2.35	2.35	2.35
4 yrs	2.60	2.60	2.60	2.60
5 yrs	2.80	2.80	2.80	2.80

Interest payable monthly and quarterly

Term	$20,000-$49,999 % p.a.	$50,000-$249,999 % p.a.	$250,000+ % p.a.
6 mths	2.35	2.35	2.35
9 mths	2.30	2.30	2.30
1 yr	2.30	2.30	2.30
18 mths	2.30	2.30	2.30
24 mths	2.35	2.35	2.35
30 mths	2.35	2.35	2.35
36 mths	2.35	2.35	2.35
4 yrs	2.60	2.60	2.60
5 yrs	2.80	2.80	2.80

Dated at Wellington this 28th day of May 2012.

DAVID GORDON, Head of Financial Products, Public Trust.

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The Treasury

Public Finance Act 1989

Notice of Publication of Fiscal Strategy Report 2012, and Budget Economic and Fiscal Update 2012

Pursuant to section 26Y of the Public Finance Act 1989, the Minister of Finance gives notice of the publication of the Fiscal Strategy Report 2012, and Budget Economic and Fiscal Update 2012 on Thursday 24 May 2012.

Copies of these publications are available:

for purchase at branches of Bennetts bookshops; and
through the internet at www.treasury.govt.nz

Dated at Wellington this 24th day of May 2012.

HON SIMON WILLIAM ENGLISH, Minister of Finance.

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Gazette.govt.nz — NZ Gazette 2012, No 61

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏢 Public Trust Common Fund Interest Rates Notice (continued from previous page)

Domain🏢 State Enterprises & Insurance
Dated28 May 2012
KeywordsPublic Trust Act, Common Fund, Interest Rates, Deposits, Investment, Schedules
👩‍💼 Officials

DAVID GORDON, Head of Financial Products, Public Trust

💰 Publication of Fiscal Strategy Report 2012 and Budget Economic and Fiscal Update 2012

Domain💰 Finance & Revenue
Dated24 May 2012
KeywordsPublic Finance Act 1989, Fiscal Strategy Report, Budget Economic and Fiscal Update, Treasury
👩‍💼 Officials

HON SIMON WILLIAM ENGLISH, Minister of Finance

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