31 JANUARY 2013 NEW ZEALAND GAZETTE, No. 11 387

calculated using the method specified in the Crown Pastoral Land (Method for Calculating Dollar-Per-Stock-Unit Rates) Regulations 2012 (as amended by the Crown Pastoral Land (Method for Calculating Dollar-Per-Stock-Unit Rates) Amendment Regulations 2012).

The dollar-per-stock-unit rate for the purposes of Part 1A Crown Pastoral Land Act 1998 is, for the pastoral leases with the rent review dates in the first column, the value in the second column.

Rent Review Date Dollar-Per-Stock-Unit Rate
$
1 July 2002 3.55
1 January 2003 4.16
1 July 2003 4.16
1 January 2004 4.55
1 July 2004 4.55
1 January 2005 4.95
1 July 2005 4.95
1 January 2006 5.14
1 July 2006 5.14
1 January 2007 4.51
1 July 2007 4.51
1 January 2008 4.39
1 July 2008 4.39
1 January 2009 4.26
1 July 2009 4.26
1 January 2010 4.71
1 July 2010 4.71
1 January 2011 4.02
1 July 2011 4.02
1 January 2012 5.28
1 July 2012 5.28
1 January 2013 5.28
1 July 2013 5.28

Dated at Wellington this 29th day of January 2013.

NEILL ANTHONY SULLIVAN, Valuer-General.

go546

Public Trust

Public Trust Act 2001

The Public Trust Common Fund Interest Rates Notice 25 January 2013

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 25 January 2013.

(2) Unless otherwise specified, the determinations and revocation in this notice take effect from and including 25 January 2013.

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 6 December 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 24 January 2013 but otherwise operate as from 25 January 2013.

(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 25 January 2013; but

(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 25 January 2013.