myIR, payments and more
Amendments have been made to the KiwiSaver Act 2006.
Changes have been made to the KiwiSaver Act 2006 to refine the scheme windup provisions. Applies from 21 Dec onwards.
Changes to legislation that allows information to be shared between IR and a KiwiSaver member's provider. Applies from 21 Dec 2010.
A change has been made to the KiwiSaver Act to clarify that a person who is over the New Zealand Superannuation age and who transfers from a complying superannuation fund to a KiwiSaver scheme will not receive the initial Crown contribution. This $1,000 kick-start contribution is designed to encourage new savers to KiwiSaver and is inappropriate for those who are transferring from another scheme.
Correction of an alteration to the KiwiSaver first home facility by removing 'leasehold estate' from the definition of 'estate'. Applies 1 Jul 2010 onwards.