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Source: Inland Revenue Department –

News and information about the Government’s tax policy work programme, including:
– proposed changes to the laws that Inland Revenue is responsible for
– updates on the progress of bills through Parliament
– policy announcements

Early access to KiwiSaver for people with life-shortening congenital conditions

Description

Information release for proposals that enable a person with a life-shortening congenital condition to withdraw their KiwiSaver savings early. The proposals were announced on 21 July 2019 and Supplementary Order Paper No 293 to the Taxation (KiwiSaver, Student Loans, and Remedial Matters) Bill was released on 13 August 2019.

Date published

July to September 2019 by the Ministry of Business, Innovation and Employment (the individual documents are available in MBIE’s document library).

Documents in this information release

The Ministry of Business, Innovation and Employment released these documents between July and September 2019:​

# Date Type Title and description Download *
1 1 July 2019 Cabinet paper

Withdrawal of KiwiSaver for life-shortening congenital conditions

Cabinet paper with proposals for changes to KiwiSaver to allow people with life-shortening congenital conditions to withdraw their savings early.

Reference: DEV-19-SUB-0176

PDF
(426 KB; 9 pages)
2 Regulatory impact assessment

Withdrawal of KiwiSaver due to life-shortening congenital conditions

Assessment prepared by the Ministry of Business, Innovation and Employment on the regulatory implications for creating a new early withdrawal category in the KiwiSaver Act 2006.

Reference: attachment to the Cabinet paper submission DEV-19-SUB-0176

PDF
(1.1 MB:17 pages)
3 26 June 2019 Minute

Withdrawal of KiwiSaver for life-shortening congenital conditions

Cabinet minute confirming the decision to make changes to KiwiSaver for life-shortening congenital conditions.

Reference: DEV-19-MIN-0176

PDF
(190 KB; 4 pages)
4 July 2019 (revised) Paper

Possible Changes to KiwiSaver Act 2006 in relation to members with life-shortening congenital conditions

Paper prepared by Dr Claire Matthews and Donna Mitchell.

PDF
(152 KB; 18 pages)
5 6 August 2019 Cabinet paper

Supplementary Order Paper – Taxation (KiwiSaver, Student Loans, and Remedial Matters) Bill

Cabinet paper proposing to release a Supplementary Order Paper that creates a new early withdrawal category in the KiwiSaver Act 2006 for people with life-shortening congenital conditions.

Reference: LEG-19-SUB-0113

PDF
(144 KB; 7 pages)
6 6 August 2019 Minute

Taxation (KiwiSaver, Student Loans, and Remedial Matters) Bill: Supplementary Order Paper

Cabinet minute confirming the decision to release the Supplementary Order Paper.

Reference: LEG-19-MIN-0113

PDF
(186 KB; 3 pages)
* Individual documents will be downloaded from MBIE’s website
Additional information

DEV-19-SUB-0176Withdrawal of KiwiSaver for life-shortening congenital conditions

The Cabinet paper was considered by the Cabinet Economic Development Committee on 26 June 2019 and confirmed by Cabinet on 1 July 2019.

LEG-19-SUB-0113Supplementary Order Paper – Taxation (KiwiSaver, Student Loans, and Remedial Matters) Bill

The Cabinet paper was considered by the Cabinet Legislation Committee on 6 August 2019 and confirmed by Cabinet on 12 August 2019.

Two attachments to the Cabinet paper are not included as they are publicly available:

Related news items

Other information

This information release was added to the tax policy website on 13 January 2020.

The single PDF with all the documents is provided for convenience.

Downloads

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