Treasury Laws Amendment (KiwiSaver Scheme) Regulations 2021 (F2021L01616)

Schedule 1   Amendments

Superannuation Industry (Supervision) Regulations 1994

7   Regulation 12A.02 (definition of New Zealand-sourced amount)

Repeal the definition, substitute:

New Zealand-sourced amount means:

(a) an amount that:

(i) was originally accrued in a KiwiSaver scheme; and

(ii) is subsequently received by a complying superannuation fund; and

(iii) is identified by the complying superannuation fund as an amount described in subparagraph (i); or

(b) an amount that:

(i) is paid by a complying superannuation fund to a KiwiSaver scheme provider; and

(ii) is identified by the KiwiSaver scheme provider as an amount described in subparagraph (a)(i); or

(c) an amount that:

(i) is paid to the Commissioner of Taxation under the Superannuation (Unclaimed Money and Lost Members) Act 1999; and

(ii) is identified by the Commissioner of Taxation as an amount described in subparagraph (a)(i); or

(d) an amount that:

(i) is paid by the Commissioner of Taxation to a KiwiSaver scheme provider under the Superannuation (Unclaimed Money and Lost Members) Act 1999; and

(ii) is identified by the KiwiSaver scheme provider as an amount described in subparagraph (a)(i).