Governor-General (Annuities) Determination 2016

2016/88

Coat of Arms of New Zealand

Governor-General (Annuities) Determination 2016

Pursuant to section 8 of the Governor-General Act 2010 and to the Remuneration Authority Act 1977, the Remuneration Authority makes the following determination (to which is appended an explanatory memorandum).

Determination

1 Title

This determination is the Governor-General (Annuities) Determination 2016.

2 Commencement

This determination is deemed to have come into force on 1 April 2016.

3 Expiry

This determination expires on 31 March 2017.

4 Annuity for former Governor-General

The annuity payable under section 8(2) and (3) of the Governor-General Act 2010 is at the yearly rate of $15,000.

5 Revocation

Dated at Wellington this 3rd day of May 2016.

Fran Wilde,
Chairperson.

Angela Foulkes,
Member.

Geoff Summers,
Member.

Explanatory memorandum

This memorandum is not part of the determination, but is intended to indicate its general effect.

This determination, which is deemed to have come into force on 1 April 2016, increases the rate of the annuity payable to a former Governor-General.

The yearly rate of the annuity is increased from $14,700 to $15,000 from 1 April 2016.

This determination reflects movements in pay for other senior positions where the Remuneration Authority sets the remuneration.

The yearly rate of the annuity is the same regardless of how long the former Governor-General held office. The annuity payable is determined by multiplying the yearly rate by each complete year of the period that the Governor-General held office, but not exceeding 5 years.

Section 9 of the Governor-General Act 2010 (the Act) provides that if a former Governor-General dies, the surviving spouse or partner is to be paid an annuity at half of the yearly rate that would have been payable if the person had not died.

Section 8(4) of the Act provides that the annuity is payable from the date that is 6 months after the date on which the person ceased to hold office as Governor-General.

This determination is for a year from 1 April 2016. The determination could not be finalised earlier because of the preparatory work that the Authority was required to undertake before making the determination. This preparatory work included considering key statistics and other material not available at the time the previous determination expired.

This determination expires on 31 March 2017.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 12 May 2016.