New Zealand Legislation: Regulations
Regulations are laws made under Acts
Except as provided in regulation 7 of these regulations, any money held in the Common Fund to the credit of a particular account shall bear interest at the following rate:
(a) while the amount standing to the credit of that account is less than $5,000, 3 percent:
(b) while the amount standing to the credit of that account equals or exceeds $5,000 but is less than $50,000, 4 percent:
(c) while the amount standing to the credit of that account equals or exceeds $50,000, 5 percent.
Regulation 8: substituted, on 1 October 1992, by regulation 2 of the Maori Trust Office Regulations 1954, Amendment No 15 (SR 1992/264).
