Working with Inland Revenue and the Government Actuary

As a KiwiSaver scheme provider you will have a working relationship with Inland Revenue and the Government Actuary.

Working with Inland Revenue

All scheme providers sign a scheme provider agreement (SPA) with Inland Revenue. The SPA was developed in consultation with the industry. The agreement:

• defines the relationship between Inland Revenue and scheme providers
• establishes mutual legal obligations
• describes reciprocal expectations on customer service.

The SPA covers:

• roles of parties
• exchange of information and contributions
• privacy, confidentiality and use of information
• technical interface requirements
• business continuity and disaster recovery
• system support requirements
• brand guidelines and obligations
• reporting
• regular review meetings
• disputes resolution process
• term of agreement and review.

A copy of the SPA documentation can be obtained by emailing questions@ird.govt.nz

Working with the Government Actuary

The Government Actuary is responsible for:

• registering and regulating KiwiSaver superannuation schemes
• registering and regulating registered superannuation schemes
• monitoring compliance with the Superannuation Schemes Act 1989 and other legislation.

Even if an organisation already provides a registered superannuation scheme, they will still have to work with the Government Actuary to:

• convert the scheme to KiwiSaver
• set up a KiwiSaver scheme under the existing umbrella trust deed
• continue the existing scheme unchanged and set up a separate KiwiSaver scheme.

Date published: 27 Mar 2007

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