A completed KiwiSaver statement authorises a complying APRA-regulated super fund to pay the balance of a member's super interest to a Kiwi Saver scheme under the Trans-Tasman portability arrangement. The fund must pay the full super interest held by the member (other than defined benefit amounts).
The Trans-Tasman super portability arrangement is intended to help Australian and New Zealand citizens who migrate between the two countries to take their retirement savings with them when they move across the Tasman.
- Super reform – a guide for APRA funds (Trans-Tasman retirement savings portability)
Complying Australian super funds (other than defined benefit funds, unfunded public sector schemes, approved deposit funds and SMSFs) should complete the KiwiSaver scheme payment statement or a similar paper form that collects the same information when they pay a member’s super benefits to a KiwiSaver scheme in New Zealand.
See also:The KiwiSaver scheme payment statement authorises a complying APRA-regulated super fund to pay the balance of a member's benefits under the Trans-Tasman portability arrangement.