Operational requirements
The following operational requirements are outlined in the scheme provider agreement (SPA).
Start-up requirements
Before the first official transfer of file information to Inland Revenue can take place you must meet the following requirements.
| Requirement | |
|---|---|
Operational support requirements |
You must meet the business and IT operational support requirements and service levels which are set out in Schedule E of the SPA. |
Receipt of contributions |
You must confirm your fund's bank account details with us. |
Dedicated contact person/team |
You must have a dedicated contact person or team in place. |
Business continuity and disaster recovery |
You must implement a business continuity plan. |
Branding |
If you want to use the KiwiSaver brand before signing the SPA you can apply for a licence now by contacting the KiwiSaver communications team. More about branding > |
Ongoing requirements
Ongoing requirements for scheme providers include:
| Requirement | |
|---|---|
Scheme information |
All KiwiSaver schemes must make their current prospectus and investment statements available to:
|
Brand obligations |
KiwiSaver brand guidelines govern the use of the KiwiSaver logo and name. Both are trademarks of Inland Revenue. The SPA contains a licence agreement under which we will grant a non-exclusive licence to you to use the trademarks in New Zealand in connection with your involvement with KiwiSaver. We may also give single-use permission in writing to non-licence holders, provided that their use of the trademark is acceptable to us, and subject to approval of final artwork. More about branding > |
Reporting |
You must produce an annual report including audited accounts and membership details, similar to the reporting requirements of the current Superannuation Schemes Act. You will also need to lodge an annual statistical return with the Government Actuary. |
Regular review meetings |
You must meet at least annually with Inland Revenue. |
Date published: 27 Mar 2007
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