Public Trustee (Interest Rate) Amendment Regulation 2019

1Short title

This regulation may be cited as the Public Trustee (Interest Rate) Amendment Regulation 2019.

2Commencement

This regulation commences on 1 October 2019.

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), ‘1.75%’—
omit, insert—

1.4%

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

(1)Schedule 1, items 1(a) and (b), ‘1.75%’—
omit, insert—

0.3%

(2)Schedule 1, items 2(c) and 3, ‘1.75%’—
omit, insert—

0.95%