Notice Type
Departmental
Notice Title

Notice of Rate of Interest (for Calculation of Income-Related Rents)

Pursuant to section 50 (1) of the Housing Restructuring Act 1992, the shareholding Ministers of Housing New Zealand Limited give notice that the rate of interest at which the assessable assets of a person generate imputed income, for the purposes of estimating the weekly income of the person, is 4.24% per annum.
In this notice, assessable assets has the meaning given to it by section 50 (2) of the Housing Restructuring Act 1992.
Dated this 29th day of August 2000.
MARK GOSCHE, Minister of Housing.
MICHAEL CULLEN, Minister of Finance.