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Viewing entries tagged with 'Portability'

Super portability agreement signed

16 July 2009

Australia and New Zealand today signed a memorandum of understanding that paves the way for a new scheme that will allow transfers of retirement saving between certain Australian superannuation funds and New Zealand KiwiSaver funds. The scheme is expected to be in place by mid-2010.

Trans-Tasman Retirement Savings Portability

15 July 2009

Giving New Zealanders returning permanently from Australia the ability to bring their compulsory retirement savings back home if they so choose is a positive move, according to the Association of Superannuation Funds of New Zealand (ASFONZ) which promotes workplace savings.

Trans-Tasman savings portability – will the tax changes go far enough?

24 June 2009

An announcement on the detail of a trans-Tasman retirement savings portability scheme may be imminent, with effect possibly as early as the first quarter of next year.  The package, which represents the culmination of more than two years' work by officials, addresses some of the tax issues involved in creating a single trans-Tasman market for superannuation. 

Agreement expected on trans-Tasman retirement savings portability by end of October

17 July 2008

Officials from Australia and New Zealand will finalise the text of a deal by the end of October that will facilitate the portability of private retirement savings across the Tasman, Australian Treasurer Wayne Swan and New Zealand Finance Minister Michael Cullen said at the conclusion of their first formal bilateral talks, which were held at Parliament in Wellington today.