This note is not part of the regulations, but is intended to indicate their general effect.
provide, in respect of pre-transition KiwiSaver schemes, for certain references in the KiwiSaver Regulations 2006 to continue to be treated as references to trustees of, or trustee fees in relation to, those schemes; and
preserve for pre-transition KiwiSaver schemes certain fees regulations that were in force immediately before 1 December 2014 and that were prescribed for provisions of the KiwiSaver Act 2006 that were also in force immediately before that date and that continue to apply to those schemes; and
provide for certain references in preserved regulations relating to annual reports for relevant schemes to be read as referring to provisions of the KiwiSaver Act 2006 as amended by the Financial Markets (Repeals and Amendments) Act 2013.
Regulation 3A and Schedule 1AA of the KiwiSaver Regulations 2006, which set out similar transitional and savings provisions to those made by these regulations, are consequentially revoked by the KiwiSaver Amendment Regulations 2015.
These regulations mean that the transitional and savings provisions for KiwiSaver schemes relating to the implementation of the specified enactments are now located together in Schedule 1 of the principal regulations.
Date of notification in Gazette: 30 July 2015.
These regulations are administered by the Ministry of Business, Innovation, and Employment.