NEW ZEALAND GAZETTE, No. 29 — 7 APRIL 2016

arrangements

• 1 from Maritime Rule 42B.20(16) – Safety Equipment – Fire Appliances Performance Standards – Fixed gas fire-extinguishing systems – Must be maintained in accordance with Australian Standard AS 1851:2005

• 3 from Maritime Rule 91.5(1) – Navigation Safety Rules – Operating requirements – Minimum age for operating powered vessels – No person under the age of 15 years shall operate a power driven vessel unless under direct supervision

• 3 from Maritime Rule 91.5(2) – Navigation Safety Rules – Operating requirements – Minimum age for operating powered vessels – Owner of power driven vessel must not allow person under the age of 15 years to operate the vessel

• 1 from Marine Protection Rule 122.4(2) – Marine Protection Products – Oil – Oil filtering equipment – Approval of oil filtering equipment by director and ensure oil content when discharged not exceed 15 parts per million

Dated this 7th day of April 2016.

2016-au1909

The Public Trust Common Fund Interest Rates Notice 5 April 2016

The following notice is given pursuant to section 50 of the Public Trust Act 2001 ("Act").

Notice

1. Title and commencement—(1) This notice may be cited as the Public Trust Common Fund Interest Rates Notice 5 April 2016.

(2) Unless otherwise specified, the determinations and revocation in this notice take effect from and including 5 April 2016.

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.

(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.

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