New Zealand Legislation: Acts
Acts are laws made by Parliament
Reprint as at 29 August 2011
| Public Act | 2001 No 84 |
| Date of assent | 11 October 2001 |
| Commencement | see section 2 |
Act name: amended, on 21 April 2005, by section 5(1) of the New Zealand Superannuation and Retirement Income Amendment Act 2005 (2005 No 42).
Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.
A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.
This Act is administered by the Ministry of Social Development and the Treasury.
4 Interpretation of Part 1 and Schedule 1
5 Interpretation of Parts 2 and 3 and Schedule 3
5A Interpretation of Part 4 and Schedule 6
Part 1
Entitlements to New Zealand superannuation
Standard New Zealand superannuation entitlements
7 Age qualification for New Zealand superannuation
8 Residential qualification for New Zealand superannuation
9 Periods of absence that are not counted
10 Periods of absence as missionary also not counted
11 Commencement of New Zealand superannuation
12 Standard rates of New Zealand superannuation
14 Commencement of living alone payments
Annual adjustment of New Zealand superannuation
15 Annual adjustment of standard rates of New Zealand superannuation
16 Annual adjustment of New Zealand superannuation: relationship to net average wage
Non-standard New Zealand superannuation entitlements
17 Entitlement to benefits for spouses or partners of persons in long-term residential care in hospital or rest home
18 Living alone rate of payment for spouses or partners of persons in long-term residential care in hospital or rest home
19 Hospital rates of New Zealand superannuation
20 Special disability allowance
Payment overseas of New Zealand superannuation
21 Effect of absence from New Zealand on New Zealand superannuation
22 First 26 weeks of certain temporary absences
23 Absences up to 2 years for medical treatment
24 Absences up to 156 weeks with aid agencies
26 Payment overseas of New Zealand superannuation
26A Calculation of amount of New Zealand superannuation payable overseas
27 Applications after leaving New Zealand
28 Date of commencement of payment overseas
29 Relationship with other benefit provisions
31 Entitlement to be paid New Zealand superannuation in specified Pacific country
32 Rates of payment of New Zealand superannuation payable to people resident in specified Pacific countries
33 Commencement and termination of payments
35 Application of this Act and Social Security Act 1964
Part 2
New Zealand Superannuation Fund
New Zealand Superannuation Fund
37 Establishment of New Zealand Superannuation Fund
Required capital contributions to Fund
42 Process for calculating capital contributions to Fund
43 Amount of required annual capital contribution
44 Lesser amounts of annual capital contribution
46 Additional contributions to Fund
47 Withdrawals from Fund after 2020
Guardians of New Zealand Superannuation
48 Establishment of Guardians of New Zealand Superannuation
49 Body corporate status and powers
53 Role of board [Repealed]
57 Further provisions applying to board
60 Establishment of investment policies, standards, and procedures
61 Contents of statements of investment policies, standards, and procedures
66 Financial statements of Fund
67 Auditor-General is auditor of Fund
69 Reporting by Guardians on Fund
70 Auditor-General to be auditor of Guardians [Repealed]
Part 3
Miscellaneous provisions
Political commitment to New Zealand superannuation
[Repealed]
74 Amendment to Ombudsmen Act 1975 [Repealed]
75 Amendments to Public Finance Act 1989 [Repealed]
[Repealed]
76 Taxation of Fund and Guardians [Repealed]
Consequential amendments and revocation
77 Consequential amendments to other Acts
Transitional and savings provision
79 Transitional provision for existing New Zealand superannuation entitlements
81 Interpretation of this Part and Schedule 6
Provisions relating to constitution and appointment of Retirement Commissioner
Functions, powers, and duties of Commissioner
85 Discretion in relation to performance and exercise of functions and powers
86 Provisions applying to Commissioner
Transitional and miscellaneous provisions
87 Continuation of office, appointment of Commissioner, and employment of employees
88 Application of this Part to matters commenced under Retirement Income Act 1993 or Retirement Villages Act 2003
89 References to New Zealand Superannuation Act 2001
Schedule 1
New Zealand superannuation entitlements
Schedule 2
Specified Pacific countries
Schedule 3
Further provisions relating to board of Guardians of New Zealand Superannuation
Schedule 4
Political parties in agreement with Act
Schedule 5
Consequential amendments to other Acts
