Module Application
The KIWISAVER module can assist any organisation to become a licensed KiwiSaver scheme provider. For established providers, the module recommends systems and procedures that will enable the organisation to meet all of its obligations efficiently.
Is your organisation a KiwiSaver scheme provider, or does it intend to become a scheme provider in the future?
Does your organisation interact routinely with KiwiSaver scheme providers by offering financial, accounting or auditing services?
If so, then the KIWISAVER module contains the information you need.
Module Scope
The KIWISAVER module is divided into 9 topics that cover all of the licensing and operational compliance requirements of new and existing scheme providers.
The 9 topics are:
- Becoming a Provider
- Information to Members
- Scheme Allocations and Transfers
- Supervisors’ and Managers’ Duties
- Allocating Contributions
- Inland Revenue Holding Account
- Payment Withdrawals
- Investing Contributions
- First Home
The module covers legal requirements created by a range of New Zealand legislation including:
- KiwiSaver Act 2006 (NZ)
- KiwiSaver Regulations 2006 (NZ)
- KiwiSaver (Periodic Disclosure) Regulations 2013 (NZ)
- KiwiSaver Trade Mark Requirements
- Financial Markets (Repeals and Amendments) Act 2013 (NZ)
- Financial Markets Conduct Act 2013 (NZ)
- Financial Markets Conduct Regulations 2014 (NZ)
- Financial Service Providers (Registration and Dispute Resolution) Act 2008 (NZ)
- Financial Markets Conduct (KiwiSaver) Amendment Regulations 2017 (NZ)
- Lawyers and Conveyancers Act 2006 (NZ)
- Trade Marks Act 2002 (NZ)
- Trustee Act 1956 (NZ)
- Unclaimed Money Act 1971 (NZ)
The KIWISAVER module does not explore the rights of individual members of KiwiSaver schemes nor the avenues of recourse for members who have been treated unfairly or in an illegal manner by a scheme provider.