Anand Satyanand, Governor-General
ORDER IN COUNCIL
At Wellington this 16th day of March 2009
Present:
HIS EXCELLENCY THE GOVERNOR-GENERAL IN COUNCIL
Pursuant to section 4 of the Finance Act (No 2) 1990,
His Excellency the Governor-General, acting on the advice and with the 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, gives the following order.
O r d e r
1. Title—This order is the Bonus Bonds (Prize Structure) Order 2009.
2. Commencement—This order comes into force on
1 May 2009.
3. Interpretation—In this order, unless the context otherwise requires:
“Bank” means ANZ Investment Services (New Zealand) Limited, being a company approved by the Minister
of Finance by notice published in the New Zealand Gazette, 20 September 1990, No. 164, page 3431.
“deed of trust” means the deed of trust describing the unit trust between the Bank and Trustees Executors dated 17 September 1990 (as amended) and approved for the purposes of the Finance Act (No 2) 1990 by
the Minister of Finance by notice published in the
New Zealand Gazette, 20 September 1990, No. 164, page 3431.
“Trustees Executors” means Trustees Executors Limited, previously called The Trustees, Executors, and Agency Company of New Zealand (Limited).
4. Schedule 3 amended—Schedule 3 of the deed of trust is authorised to be amended by omitting the item under the heading Bonus Bonds prize structure and substituting the item set out in the Schedule of this order.
Schedule
Clause 4
Bonus Bonds Prize Structure
Monthly Prize Draws
Up to the first $2,500,000 of the prize funds will be divided as follows:
$1,000,000 No less than 1 prize
$100,000 No less than 1 prize
$50,000 No less than 1 prize
Each remaining complete $100,000 of the prize funds will be divided as follows:
$5000 No less than 1 prize
$500 No less than 1 prize
$100 No less than 1 prize
$50 No less than 100 prizes
$20 No less than 3050 prizes
Each remaining complete $10,000 of the prize funds will be 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 prize funds 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.
REBECCA KITTERIDGE, 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
1 May 2009, authorises variations to the prize structure of the Bonus Bonds scheme constituted in accordance with the Finance Act (No 2) 1990.