For the year ended 30 June 2025.
IR operates 3 trust accounts as an agent under section 66 of the Public Finance Act 1989. The transactions through these accounts and their year end balances are not included in other financial schedules.
| Type of trust monies | Actual 2024 $000 | Contributions 2025 $000 | Distributions 2025 $000 | Total 2025 $000 |
|---|---|---|---|---|
| Child support | ||||
| Child support trust account | $40,717 | $12,209 | $(11,141) | $41,785 |
| Total child support | $40,717 | $12,209 | $(11,141) | $41,785 |
| KiwiSaver | ||||
| KiwiSaver returned transactions trust account | $351 | $85,981 | $(85,859) | $473 |
| KiwiSaver voluntary contribution trust account | $337 | $593 | $(397) | $533 |
| Total KiwiSaver | $688 | $86,574 | $(86,256) | $1,006 |
| Total trust monies | $41,405 | $98,783 | $(97,397) | $42,791 |
The accompanying accounting policies and notes form part of these financial schedules.
For a full understanding of the Crown’s financial position and the results of its operations for the year, refer to the consolidated Financial Statements of the Government of New Zealand for the Year Ended 30 June 2025.
The child support trust account was established in accordance with section 139 of the Child Support Act 1991. The child support trust account holds all funds collected on behalf of receiving carers from liable parents who are either based in New Zealand or overseas.
The KiwiSaver trust accounts were established in accordance with section 72 of the KiwiSaver Act 2006. The KiwiSaver returned transactions trust account accepts returned payments from the scheme providers before they are passed on to scheme members or their employers. The KiwiSaver voluntary contribution trust account holds voluntary payments from members before funds are passed on to the scheme providers.