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Name of agreement KiwiSaver administration
Agency data share is with Financial Markets Authority
MoU title Supply of information for the administration of KiwiSaver
Agency using the data Financial Markets Authority and Inland Revenue
Purpose Supply of information to an agency to enable it to perform or exercise its functions, powers or duties relating to the administration of KiwiSaver
Data exchanged

Inland Revenue supplies FMA with the following information on a regular basis:

  • KiwiSaver member count by join type and scheme assigned method - by provider, by administrator, by scheme
  • employer preference notice
  • opt outs
  • financial hardship contribution holidays - members who have enrolled into KiwiSaver via their employers
  • financial hardship contribution holidays - members who have enrolled into KiwiSaver via a scheme provider
  • contribution holidays - all KiwiSaver schemes
  • contribution holidays - length detail

Inland Revenue may supply the FMA with the following information on an ad hoc basis:

  • member transfers in/out of KiwiSaver schemes
  • other information about default providers
  • administration issues
  • information related to FMA investigations
  • breach of trade mark licence or requirements, other breaches of Scheme Provider Agreements
  • complaints information about providers
  • complaints information - identifiers

FMA may supply Inland Revenue with the following information on an ad hoc basis:

  • breach of legislation, regulations, Code of Conduct for Authorised Financial Advisers
Legal authority Section 157 of the KiwiSaver Act 2006 and schedule 7, part C, clause 31 of the Tax Administration Act 1994