Public Trustee (Interest Rate) Amendment Regulation (No. 2) 2020

1Short title

This regulation may be cited as the Public Trustee (Interest Rate) Amendment Regulation (No. 2) 2020.

2Commencement

(1)Part 2 commences on 1 October 2020.

(2)Part 3 commences on 1 November 2020.

3Regulation amended

This regulation amends the Public Trustee Regulation 2012.

4Amendment of s 4 (Interest payable on amounts in common fund—Act, s 19(1)(c))

Section 4(2), ‘0.85%’—
omit, insert—

0.75%

5Amendment of sch 1 (Interest payable on amounts in common fund)

(1)Schedule 1, items 1 and 5, ‘0.3%’—
omit, insert—

0.2%

(2)Schedule 1, items 2(c) and 3, ‘0.5%’—
omit, insert—

0.4%

6Amendment of s 4 (Interest payable on amounts in common fund—Act, s 19(1)(c))

Section 4(2), ‘0.75%’—
omit, insert—

0.4%

7Amendment of sch 1 (Interest payable on amounts in common fund)

Schedule 1, items 2(c) and 3, ‘0.4%’—
omit, insert—

0.25%