Skip to Content
MenuClose

myIR, payments and more


Technical tax area
Ngā tūmomo whakataunga me ngā aratohu

KiwiSaver Act 2006

The KiwiSaver Bill was introduced into Parliament on 28 February 2006. It received its first reading on 2 March 2006, its second reading on 24 August 2006, and its third reading on 30 August. The KiwiSaver Act 2006 resulted. The Act received Royal assent on 6 September 2006.

Introduction

The KiwiSaver Bill was introduced into Parliament on 28 February 2006, the KiwiSaver Act 2006 resulted and received Royal assent on 6 September 2006.

Part 1 - Preliminary provisions

The Act aims to increase individuals' wellbeing and financial independence and to provide retirement benefits.

Part 2 - Membersip of Kiwisaver

This section is made up of Subpart 1, 2 and 3.

Part 3 - KiwiSaver contributions

This section is made up of Subpart 1, 2, 3 and 4.

Part 4 - KiwiSaver schemes

This part establishes the rules for KiwiSaver schemes and their registration.

Part 5 - General provisions

One or more KiwiSaver default providers can be appointed by the Minister.

Schedule 1 - KiwiSaver scheme rules

Schedule 1 sets out the KiwiSaver rules that are to be implied in the trust deed of a KiwiSaver scheme.

Schedule 2 - Matters to be specified in application for registration as a KiwiSaver scheme

Schedule 2 specifies the matters that are to be contained in any application for registration as a KiwiSaver scheme.

Schedule 3 - Amendments to other Acts

Schedule 3 makes amendments to other Acts.

Examples

Examples of various contribution rates, and their calculations.