✨ Public Trust Interest Rates and Conservation Board Notice
NEW ZEALAND GAZETTE, No. 113 — 15 OCTOBER 2015
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.
- Revocation of notice and transitional provisions—(1) The Public Trust Common Fund Interest Rates Notice 15 September 2015 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 12 October 2015 but otherwise operate as from 13 October 2015.
(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 13 October 2015; but
(ii) do apply to investment deposits repayable at the end of a fixed term that commenced on or after 13 October 2015.
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 | 1.00 |
| Call deposits | 1.00 |
| Funeral Trust Cash Fund | 1.00 |
| Investment deposits at call | 1.00 |
| Sinking funds deposits | 1.00 |
| Rating deposits | 1.00 |
| Trust deposits | 1.00 |
Schedule 2
Rates of interest payable on each protection deposit associated with a particular Private Training Establishment
| Deposit Type | % p.a. |
|---|---|
| All deposits | 2.20 |
Schedule 3
Rates of interest payable on investment deposits repayable at the end of a fixed term
Interest payable on maturity, monthly or quarterly
| Fixed Term |
|---|
| % p.a. |
| 3 months |
| 1.55 |
| 6 months |
| 1.50 |
| 9 months |
| 1.45 |
| 1 year |
| 1.40 |
| 18 months |
| 1.40 |
| 24 months |
| 1.40 |
| 30 months |
| 1.45 |
| 36 months |
| 1.50 |
| 4 years |
| 1.60 |
| 5 years |
| 1.75 |
Dated at Wellington this 13th day of October 2015.
MONIQUE TWORT, General Manager, Business Customers.
2015-go6106
New Conservation Board
I, Nicky Wagner, Associate Minister of Conservation, give notice as follows:
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NZ Gazette 2015, No 113
✨ LLM interpretation of page content
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Public Trust Common Fund Interest Rates Notice 13 October 2015
(continued from previous page)
💰 Finance & Revenue13 October 2015
Interest Rates, Public Trust, Common Fund, Deposits, Revocation
- Monique Twort, General Manager, Business Customers
🏛️ New Conservation Board Appointment
🏛️ Governance & Central AdministrationConservation, Board, Appointment
- Nicky Wagner, Associate Minister of Conservation