Government guarantee

Public Trust is a Crown entity established under the Public Trust Act 2001.

Money in your term deposit, on call account or prepaid funeral trust (where funds are invested in the Funeral Trust Cash Fund) is held in Public Trust's common fund ("Common Fund").

Capital and interest in the Common Fund is guaranteed by the New Zealand Government.

A guarantee of capital in the Common Fund is provided under section 52 of the Public Trust Act 2001 and a guarantee of interest in the Common Fund is provided under section 65ZD of the Public Finance Act 1989.  Neither are time limited. 

The guarantees are provided by the Crown; Public Trust is a Crown entity so is related to the guarantor.

The guarantees are unsecured and unconditional.