Superannuation Industry (Supervision) Regulations 1994

PART 12A - TRANS-TASMAN RETIREMENT SAVINGS PORTABILITY  

Division 1 - General  

REGULATION 12A.01   12A.01   PURPOSE OF PART 12A  


This Part sets out matters to implement the Arrangement between the Government of Australia and the Government of New Zealand on Trans-Tasman Retirement Savings Portability, signed at Brisbane on 16 July 2009.
Note 1:

The Arrangement does not cover all complying superannuation funds. A number of types of superannuation funds and schemes are excluded (for example, self managed superannuation funds and defined benefit interests in defined benefit funds): see regulation 12A.03 .

Note 2:

Amounts covered by the Arrangement are:

  • (a) payments received by complying superannuation funds from KiwiSaver schemes on or after the day the Arrangement comes into force for Australia; and
  • (b) superannuation benefits paid to KiwiSaver scheme providers by complying superannuation funds on or after the day the Arrangement comes into force for Australia; and
  • (c) amounts paid between participating Australian funds if the member ' s benefits include any New Zealand-sourced amount; and
  • (d) superannuation benefits paid to an individual from an interest that includes any New Zealand-sourced amount.
  • See regulation 12A.03 .

    Note 3:

    The matters in this Part are also relevant to Division 312 of Part 3-30 of the Income Tax Assessment Act 1997 , which provides for the taxation treatment of retirement savings to which the Arrangement relates.




    This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.