New Zealand Superannuation and Retirement Income Act 2001

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Functions, powers, and duties of Commissioner

Heading: added, on 21 April 2005, by section 7 of the New Zealand Superannuation and Retirement Income Amendment Act 2005 (2005 No 42).

83 Functions

The functions of the Commissioner are as follows:

(a)

to develop and promote methods of improving the effectiveness of the retirement income policies from time to time implemented by the Government of New Zealand, including the promotion of education about retirement income issues and the publication of information about those issues:

(b)

to monitor the effects of retirement income policies that are being implemented in New Zealand:

(c)

to review the retirement income policies being implemented by the Government and to report to the Minister by 31 December 2007 and at 3-yearly intervals thereafter, in accordance with section 84:

(d)

to advise on retirement income issues, when requested to do so by the Minister:

(da)

to promote education, and publish information, about financial matters to assist individuals to make financial decisions confidently and informedly:

(db)

to advise on financial capability issues, when requested to do so by the Minister:

(e)

to monitor the effectiveness of persons (whether referred to as ombudsmen or by any other term) who have been appointed (other than under statutory authority) to consider complaints and disputes about savings and investments; and to consider any issues addressed to the Commissioner by any such person and, if appropriate, to make recommendations to any person:

(f)

to collect and publish information for the purpose of enabling the fulfilment of any of the functions referred to in this section:

(g)

to perform such other functions as are conferred on the Commissioner by this Act or any other enactment:

(h)

to perform any additional function that the Minister directs under section 112 of the Crown Entities Act 2004.

Compare: 1993 No 148 s 6

Section 83: added, on 21 April 2005, by section 7 of the New Zealand Superannuation and Retirement Income Amendment Act 2005 (2005 No 42).

Section 83(da): inserted, on 30 May 2017, by section 124(1) of the Regulatory Systems (Commercial Matters) Amendment Act 2017 (2017 No 12).

Section 83(db): inserted, on 30 May 2017, by section 124(1) of the Regulatory Systems (Commercial Matters) Amendment Act 2017 (2017 No 12).

Section 83(h): inserted, on 30 May 2017, by section 124(2) of the Regulatory Systems (Commercial Matters) Amendment Act 2017 (2017 No 12).