Formats and related files
Only the Proposal section of this Cabinet paper is extracted below in HTML. If you require a full accessible version please contact [email protected] and cite DEV-21-SUB-0233 as a reference.
Cabinet Paper DEV-21-SUB-0233: Amendment of Section 59 of the New Zealand Superannuation and Retirement Income Act 2001#
- This paper seeks agreement for legislative amendments to the New Zealand Superannuation and Retirement Income Act 2001 (the NZSRI Act), the primary legislation of the New Zealand Superannuation Fund (NZSF).
- The proposed amendment to the NZSRI Act is to remove the restriction on the NZSF taking a controlling stake in businesses, reflecting the size, maturity and investment capability for the NZSF to optimise its direct investment strategy and engage in projects of strategic interest within New Zealand.