✨ Public Trust Interest Rates and Government Inquiry
NEW ZEALAND GAZETTE, No. 148 — 11 DECEMBER 2014
(3) The rates of interest specified in Schedule 3 to this notice:
- do not apply to investment deposits repayable at the end of a fixed term that commenced prior to 8 December 2014; but
- do apply to investment deposits repayable at the end of a fixed term that commenced on or after 8 December 2014.
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 | 1.75 |
| Call deposits | 1.75 |
| Funeral Trust Cash Fund | 1.75 |
| Investment deposits at call | 1.75 |
| Sinking funds deposits | 2.25 |
| Rating deposits | 1.75 |
| Trust deposits | 1.75 |
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 | 2.00 |
| Total deposits in range $350,001 to $1,000,000 | 2.50 |
| Total deposits in range $1,000,001 to $3,000,000 | 3.10 |
| Total deposits exceed $3,000,001 | 3.95 |
Schedule 3
Rates of interest payable on investment deposits repayable at the end of a fixed term
Interest payable on maturity, monthly or quarterly
| Fixed Term | % p.a. |
|---|---|
| 3 months | 2.40 |
| 6 months | 2.50 |
| 9 months | 2.60 |
| 1 year | 2.75 |
| 18 months | 2.80 |
| 24 months | 3.00 |
| 30 months | 3.00 |
| 36 months | 3.05 |
| 4 years | 3.25 |
| 5 years | 3.30 |
Dated at Wellington, this 8th day of December 2014.
MONIQUE TWORT, General Manager, Business Customers.
2014-go7605
Establishment of the Government Inquiry into Matters Concerning the Escape of Phillip John Smith / Traynor
Pursuant to section 6(3) of the Inquiries Act 2013, I, The Honourable Paula Bennett, Minister of State Services, hereby establish the Government Inquiry into matters concerning the escape of Phillip John Smith / Traynor ("Inquiry").
Background
On 6 November 2014, Phillip John Smith / Traynor absconded while on temporary release from Spring Hill Prison. On the afternoon of 6 November, Mr Smith / Traynor left New Zealand by plane for Chile, on a passport previously obtained under his birth name (Phillip John Traynor). Mr Smith / Traynor subsequently travelled to Brazil, where
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NZ Gazette 2014, No 148
✨ LLM interpretation of page content
🏢
Public Trust Common Fund Interest Rates Notice
(continued from previous page)
🏢 State Enterprises & Insurance8 December 2014
Interest Rates, Deposits, Public Trust, Investment, Protection
- MONIQUE TWORT, General Manager, Business Customers
⚖️ Establishment of Government Inquiry into Escape of Phillip John Smith / Traynor
⚖️ Justice & Law EnforcementInquiry, Escape, Prisoner, Phillip John Smith, Phillip John Traynor
- Phillip John Smith, Subject of government inquiry
- Phillip John Traynor, Subject of government inquiry
- The Honourable Paula Bennett, Minister of State Services