Notice Type
Departmental
The Bonus Bonds (Prize Structure) Order 1995 CATHERINE A. TIZARD, Governor-General ORDER IN COUNCIL At Wellington this 30th day of January 1995 Present: The Right Hon. Don McKinnon presiding in Council Pursuant to section 4 of the Finance Act (No. 2) 1990, Her Excellency the Governor-General, acting by and with the advice and consent of the Executive Council and on the advice of the Minister of Finance given in accordance with a recommendation by ANZ Investment Services (New Zealand) Limited, hereby makes the following order. O r d e r 1. Title and commencement (1) This order may be cited as the Bonus Bonds (Prize Structure) Order 1995. (2) This order shall come into force on the 28th day after the date of its publication in the Gazette. 2. Interpretation In this order, ``approved unit trust'' means the unit trust described in the deed of trust between ANZ Investment Services (New Zealand) Limited and The Trustees Executors and Agency Company of New Zealand Limited dated the 17th day of September 1990 and approved for the purposes of the Finance Act (No. 2) 1990 by the Minister of Finance by notice in the Gazette*. [kl]<fnote> </fnote>. 3. Changes to prize structure authorised The variation of the provisions of the approved unit trust that relate to entitlements to and the distribution of prizes from the provisions contained in the Third Schedule to the deed of trust establishing the trust to the provisions set out in the Schedule to this order is hereby authorised. Schedule Bonus Bonds Prize Structure Monthly Prize Draws 1st $300,000 1 prize 2nd $100,000 1 prize 3rd $50,000 1 prize Each remaining complete $100,000 of the prize fund will be divided as follows: $5000 No less than 1 prize $1000 No less than 1 prize $500 No less than 2 prizes $100 No less than 30 prizes $50 No less than 100 prizes $20 No less than 3050 prizes Each remaining complete $10,000 is divided as follows: $500 No less than 1 prize $100 No less than 1 prize $50 No less than 20 prizes $20 No less than 375 prizes Any further residue of less than $10,000 is then divided into $500 prizes as far as possible and any further residue less than $500 is divided into $20 prizes as far as possible. MARIE SHROFF, Clerk of the Executive Council. Explanatory Note This note is not part of the order, but is intended to indicate its general effect. This order, which comes into force on the 28th day after the date of its publication in the Gazette, authorises the variation of the prize structure of the bonus bonds scheme constituted in accordance with the Finance Act (No. 2) 1990. * Gazette, 20 September 1990, page 3431.
Publication Date
2 Feb 1995

Notice Number

1995-go804

Page Number

321