New Zealand Gazette – 2012 – No. 86

Page 2377

✨ Interest Rates and Crown Entity Approval

19 JULY 2012

NEW ZEALAND GAZETTE, No. 86

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 12 July 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 18 July 2012 but otherwise operate as from 19 July 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 19 July 2012; but

(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 19 July 2012.

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 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

	% 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

	$5,000-$9,999 % p.a.	$10,000-$49,999 % p.a.	$50,000-$249,999 % p.a.	$250,000+ % p.a.
3 mths	2.55	2.55	2.55	2.55
6 mths	2.50	2.50	2.50	2.50
9 mths	2.50	2.50	2.50	2.50
1 yr	2.45	2.45	2.45	2.45
18 mths	2.45	2.45	2.45	2.45
24 mths	2.45	2.45	2.45	2.45
30 mths	2.45	2.45	2.45	2.45
36 mths	2.45	2.45	2.45	2.45
4 yrs	2.65	2.65	2.65	2.65
5 yrs	2.80	2.80	2.80	2.80

Interest payable monthly and quarterly

	$20,000-$49,999 % p.a.	$50,000-$249,999 % p.a.	$250,000+ % p.a.
6 mths	2.50	2.50	2.50
9 mths	2.50	2.50	2.50
1 yr	2.45	2.45	2.45
18 mths	2.45	2.45	2.45
24 mths	2.45	2.45	2.45
30 mths	2.45	2.45	2.45
36 mths	2.45	2.45	2.45
4 yrs	2.65	2.65	2.65
5 yrs	2.80	2.80	2.80

Dated at Wellington this 16th day of July 2012.

GRANT BRENTON, General Manager, Marketing.

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The Treasury

Crown Entities Act 2004

Notice of Approval Given Pursuant to Section 160(3) of the Crown Entities Act 2004

Pursuant to section 160(3) of the Crown Entities Act 2004, I, Gabriel Makhlouf, Secretary to the Treasury, hereby give notice that on 11 July 2012 we, Marilyn Scott, Group Manager, Education, Curriculum and Performance, Ministry of Education, and Gabriel Makhlouf, Secretary to the Treasury, gave approval under section 160(1)(b) of the Crown Entities Act 2004, in relation to section 161 of that Act, for Hinds School Board of Trustees to acquire shares in Ashburton Trading Society Limited up to an aggregate maximum value of $500.00.

Dated at Wellington this 11th day of July 2012.

GABRIEL MAKHLOUF, Secretary to the Treasury.

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Gazette.govt.nz — NZ Gazette 2012, No 86

The General Assembly Library (on the right) was completed in 1899 and survived the 1907 fire. Now the oldest remaining original Parliament building, still used as the Parliamentary Library.

✨ LLM interpretation of page content

🏢 Public Trust Common Fund Interest Rates Notice 19 July 2012 (continued from previous page)

Domain🏢 State Enterprises & Insurance
Dated16 July 2012
KeywordsPublic Trust, Common Fund, Interest Rates, Deposits, Revocation, Transition
👩‍💼 Officials

Grant Brenton, General Manager, Marketing

🏛️ Approval for Hinds School Board of Trustees to Acquire Shares

Domain🏛️ Governance & Central Administration
Dated11 July 2012
KeywordsCrown Entities Act, Share Acquisition, Education, Treasury
👩‍💼 Officials

Gabriel Makhlouf, Secretary to the Treasury
Marilyn Scott, Group Manager, Education, Curriculum and Performance, Ministry of Education

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