September 2021

July 2022

Further consultation is being undertaken on the proposed solution.

To co-design a streamlined process and associated messaging for the transfer of ATO held unclaimed superannuation money (USM) for New Zealand residents via a KiwiSaver scheme provider.

Currently New Zealand residents wishing to access their ATO held USM need to transfer the USM amounts to an Australian APRA fund before transferring it to a KiwiSaver fund in New Zealand.

Once legislation is in effect and system functionality is in place, the streamlined process will allow the ATO to directly transfer USM of New Zealand residents to a KiwiSaver scheme provider, improving the operation of the Trans-Tasman retirement savings portability arrangement between Australia and New Zealand.

• New Zealand Inland Revenue
• KiwiSaver scheme providers

Kylie Osmond, Superannuation and Employer Obligations
kylie.osmond@ato.gov.au
Phone (02) 6216 6506