Cabinet paper

Cabinet Paper DEV-21-SUB-0233: Amendment of Section 59 of the New Zealand Superannuation and Retirement Income Act 2001

Publication type:
Cabinet paper
Status:
Current
Document (signed) date:
Issue date:
Version note:

Some parts of this information release would not be appropriate to release and, if requested, would be withheld under the Official Information Act 1982 (the Act). Where information has been withheld, no public interest has been identified that would outweigh the reasons for withholding it.

Part of:
Corporate author:
Office of the Minister of Finance
Viewpoint:
Government
Publication category:
Official information
Copyright:
© Crown Copyright, Attribution 4.0 International (CC BY 4.0)
Ministerial portfolio:
Finance
Last updated:

Formats and related files

Accessible version

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#

Proposal

  1. 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).
  2. 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.

[Extract ends]

Related content

Related information: