The KiwiSaver Act 2006 is the base legislation for the regulation of KiwiSaver schemes and is supplemented by certain administrative provisions of the Superannuation Schemes Act 1989.

KiwiSaver schemes will be considered registered superannuation schemes for the purposes of investment in registered superannuation schemes.

The Taxation (KiwiSaver and Company Tax Rate Amendments) Act 2007 was passed in May 2007.   Amongst other things, this Act clarified a number of issues in the KiwiSaver Act 2006, as well as introducing member tax credits and reducing the maximum rate of tax payable on income earned by PIE vehicles.

The Taxation (KiwiSaver) Act 2007 was passed in December 2007.  Amongst other things, this Act introduces compulsory employer contributions with effect from 1 April 2008.

Disclaimer:   The KiwiSaver Design and Role of Employers summaries on this website are provided for general information purposes only.  The legislation governing KiwiSaver and superannuation schemes is complex and contains additional detail and requirements not explained on these pages.  ASFONZ does not accept any liability for reliance on this information.