Superannuation Industry (Supervision) Amendment Regulation 2013 (No. 3) (105 of 2013)

Schedule 1   Amendments

Superannuation Industry (Supervision) Regulations 1994

2   Part 1 of Schedule 1 (after item 113)

Insert:

113A

A former resident of Australia has:

(a) moved permanently to New Zealand; and

(b) nominated a provider of a KiwiSaver Scheme for the purposes of this item

Amount that is at least the amount of the former resident’s withdrawal benefit in the fund, paid:

(a) as a single lump sum; or

(b) if the fund receives any combination of contributions, transfers and rollovers after cashing the benefits - in a way that ensures that the amount is cashed