Information Document September 2012 Legal Changes to the Westpac KiwiSaver Scheme
|
|
- Fay Neal
- 5 years ago
- Views:
Transcription
1 Information Document September 2012 Legal Changes to the Westpac KiwiSaver Scheme Overview This Information Document describes some legal changes which will be made to the Westpac KiwiSaver Scheme (Scheme) effective 20 September 2012 (Effective Date) pursuant to the KiwiSaver Amendment Act 2011 (Amending Act). It identifies: the material amendments that will be made to the Trust Deed for the Scheme (Trust Deed) under the Amending Act; and the material changes to the terms and conditions of members Scheme membership that will result from the changes made by the Amending Act. The key changes resulting from the restructuring of the Scheme and the Amending Act will be that: BT Funds Management (NZ) Limited () becomes the issuer of membership interests in the Scheme for securities legislation purposes, with primary responsibility for managing and administering the Scheme; and the of the Scheme (The New Zealand Guardian Trust Company Limited) becomes responsible for supervising the s performance of its duties, but remains responsible for the custody of Scheme assets. The will remain responsible for assessing significant financial hardship and serious illness-based withdrawal applications. This Information Document is provided under section 65(1)(a) of the Amending Act. More information about the Scheme is contained in the Investment Statement, which is available on our website Trust Deed amendments On the Effective Date, the and the will replace the Scheme s current Trust Deed (dated 4 April 2007) with a new Trust Deed, prescribing: governance amendments necessary or desirable for compliance with the relevant legislation as amended by the Amending Act (these amendments are being made with the Financial Markets Authority s prior written consent under section 63 of the Amending Act); and general amendments agreed between the and the.
2 You can obtain a copy of the text of the proposed replacement Trust Deed (marked up to show every proposed amendment to the current Trust Deed) free of charge by calling us on or by calling into any Westpac branch. Scheme changes table The table on pages 2 to 6 of this Information Document (in which capitalised terms have the meanings given to them in the Trust Deed) is a high-level outline of the material governance amendments to the Trust Deed, and the material changes to Scheme membership terms, that will result from the Amending Act. It is not comprehensive a more detailed summary of the amended Trust Deed will be included in the Scheme s 20 September 2012 Prospectus. and Roles Because the currently has primary responsibility for managing and administering the Scheme, the acts as its delegate. The delegates to the the performance (on the s behalf) of the following functions: managing and making all decisions relating to investments; administering the Scheme (including maintaining accounts, unitising contributions, valuing Scheme assets, attending to benefit payments and ensuring compliance with legislation); determining the terms of all contracts to be entered into in respect of the Scheme and entering into those contracts as the s agent; and appointing service providers and agreeing the terms and conditions of their appointment. The will now replace the as the issuer of interests in the Scheme for securities legislation purposes and will have primary responsibility for managing and administering the Scheme, including offering interests in the Scheme and managing Scheme investments and property. It will no longer be acting as the s delegate. The will now directly perform the following functions (among others): making all decisions relating to investments; determining the terms of all contracts to be entered into in respect of the Scheme; on notice to the, appointing service providers (not including a custodian) on such terms and conditions as are agreed by the and the service provider; and ensuring compliance by the Scheme with the requirements of the KiwiSaver Act 2006, the Securities Act 1978, the Financial Reporting Act 1993 and all other applicable legislation. Because the will remain responsible for the custody of Scheme assets: the will still be acting as the s delegate when operating Scheme bank accounts (which include the tax bank account); and the will be permitted to give directions to the regarding the operation of bank accounts, or to terminate the s authority to operate bank accounts, in certain circumstances prescribed in the Trust Deed.
3 and Roles The is currently the issuer of interests in the Scheme for securities legislation purposes and has primary responsibility for managing and administering the Scheme. This means the is responsible for administering the trusts governing the Scheme in accordance with the Trust Deed and all relevant legislation (including the KiwiSaver Act). The is also responsible for holding, or ensuring that a nominee appointed in accordance with the Trust Deed holds, all of the assets of each Investment Fund on trust for Members in accordance with the terms of the Trust Deed. The will now be the independent trustee of the Scheme, responsible not for managing and administering the Scheme but for supervising the (although it remains responsible for assessing significant financial hardship and serious illness withdrawal applications). In particular, the will supervise the performance of the s duties in relation to the Scheme under the Trust Deed and relevant legislation. All Scheme assets will remain vested in the (or any nominee it appoints in accordance with the Trust Deed) to hold on trust for Members in accordance with the terms of the Trust Deed. s intervention powers The currently has the right not to act on an investment direction from the if in its opinion the proposed investment, acquisition or disposal is not in accordance with the investment policy of the Scheme or the relevant Investment Fund or Portfolio, or is contrary to the provisions of the Trust Deed. The can: itself exercise any of the powers, authorities, functions and discretions delegated to the ; require the to exercise any of those powers, authorities, functions or discretions in accordance with reasonable written instructions from the ; or terminate the authority of the to exercise any of those powers, authorities, functions or discretions; to the extent that the reasonably believes doing so is necessary: to prevent the from being in breach of its obligations under any rule of law or to cause such a breach to cease; and to cause the Scheme to be managed and administered in a proper and efficient manner. s intervention powers The will now be required to refuse to act on an investment direction from the if the considers that the proposed investment, acquisition or disposal either: would breach the Trust Deed or an enactment; or would be manifestly not in the best interests of Members. If the refuses to act on an investment direction from the, the will be required to notify the and the Financial Markets Authority in writing of the s reasons for the refusal. Because the will now be primarily responsible for managing and administering the Scheme, the will no longer have any step-in powers to act in place of or give directions to the. However the will still have the general ability to enforce the terms of the Trust Deed should the fail to fulfil its obligations.
4 and standards of care The is currently required to use all reasonable endeavours and skill to ensure that it exercises the powers, authorities, functions and discretions vested in it under the Trust Deed in a proper and efficient manner. The must, in exercising its powers and performing its duties as manager: act in the members best interests; when exercising powers of investment, exercise the care, diligence and skill required of a professional trustee under section 13C of the Act 1956; and when performing its other functions, exercise the care, diligence and skill that a prudent person engaged in the profession or business of acting as a manager would exercise in managing the affairs of others. The must also use its best endeavours and skill to ensure that the affairs of the Scheme are conducted in a proper and efficient manner. No express standard of care is included in the Trust Deed but the must conform to the prudent person standard set out in the Act The, in exercising its powers and performing its duties as trustee, must: act in the members best interests; and exercise the care, diligence and skill that a prudent person engaged in the profession or business of acting as a trustee would exercise in acting as the trustee of a KiwiSaver scheme. Under the amended Trust Deed, the must also provide to the (as soon as possible following receipt) copies of all notices or documents received by the or any of its nominees in relation to any assets of an Investment Fund. Exoneration and indemnity The and are currently personally liable (and are not entitled to any indemnity from Scheme assets) in circumstances of fraud, wilful default or gross negligence, or where they fail to show the degree of care and skill required having regard to the provisions of, and the powers, authorities and discretions conferred by, the Trust Deed. Exoneration and indemnity The and will be personally liable (and will not be entitled to any indemnity from Scheme assets) for any failure to meet the standard of care now required by the Trust Deed and the KiwiSaver Act (as outlined above).
5 Appointing and removing and The Trust Deed does not currently contain any provisions concerning the appointment and removal of the. The Scheme must have a manager which must not be an associated person of the and must otherwise be entitled by law to act as manager of the Scheme. Subject to all applicable laws, the may apply to the High Court for an order to remove the from office if the is satisfied that either: there is a significant risk that the interests of Members will be materially prejudiced if the remains in office; or the provisions of the Trust Deed are no longer adequate to give proper protection to members. The will be required to give prior notice to the of its intention to apply to the High Court for an order to remove the, including notifying the of its reasons for seeking that order. Currently the Trust Deed requires only that the of the Scheme be a corporate body. However the KiwiSaver Act 2006 requires that the be independent from the. The Scheme must have a single which must not be an associated person of the and must otherwise be entitled by law to act as of the Scheme (this now means that the must be the current holder of a licence under the Securities s and Statutory Supervisors Act 2011 to act as a KiwiSaver scheme trustee).
6 Other changes Contributions and withdrawals Under the current Trust Deed, it is the which accepts contributions required to be made to the Scheme in respect of a Member under the KiwiSaver Act (and all amounts transferred from other KiwiSaver schemes or from superannuation schemes). The is required, if directed by the, to accept other amounts in respect of a Member and can only accept such amounts if so directed. Contributions and withdrawals When the amendments take effect, it will be the which accepts all contributions required to be made to the Scheme by or in respect of a Member under the KiwiSaver Act (and all amounts transferred from another KiwiSaver scheme or superannuation scheme). The will be permitted, at its discretion, to accept other amounts by or in respect of a Member. Investment Funds The is currently required to establish separate Investment Funds within the Scheme, and separate Portfolios within an Investment Fund, as and when directed to do so by the, unless the reasonably considers that doing so would cause the to breach its legal obligations. The is also required to terminate, close or amend an Investment Fund or Portfolio, or amalgamate any two or more Investment Funds or Portfolios, as and when directed to do so by the and on terms and conditions directed by the, unless the reasonably considers that doing so will cause the to breach its legal obligations. Investment Funds The will be permitted to establish and maintain, on such terms and conditions as it determines, separate Investment Funds within the Scheme, and separate Portfolios within an Investment Fund. The will be permitted to terminate, close or alter any Investment Fund or Portfolio, or amalgamate any two or more Investment Funds or Portfolios, on such terms and conditions as it thinks fit. The must in each case provide written notice to the. Reports and information from to The is currently required to supply the with the information and reports set out in Schedule 2 to the Trust Deed unless otherwise agreed between the and the Reports and information from to The will continue to be required to supply the with the information and reports set out in Schedule 2 to the Trust Deed (which will be amended to require the provision of additional reports and information where the parties agree). Under the KiwiSaver Act as amended, the will also be required to provide the (on request) with additional Scheme-related documents and records, and any information required by the about the Scheme, the s affairs or the s property.
SUPERLIFE UK PENSION TRANSFER SCHEME TRUST DEED
Dated 18 August 2017 SUPERLIFE UK PENSION TRANSFER SCHEME TRUST DEED SMARTSHARES LIMITED PUBLIC TRUST CONTENTS 1. DEFINITIONS... 2 2. INTERPRETATION... 6 3. CONSTITUTION OF THE SCHEME... 7 4. CONTINUATION
More informationDEED OF AMENDMENT TO THE I-SELECT SUPERANNUATION SCHEME TRUST DEED I-SELECT LIMITED PUBLIC TRUST
DLA Piper New Zealand 205 Queen Street Auckland 1010 PO Box 160 Auckland 1140 New Zealand DX CP24027 AKLD T +64 9 303 2019 F +64 9 303 2311 W www.dlapiper.com DEED OF AMENDMENT TO THE I-SELECT I-SELECT
More informationWestpac KiwiSaver Scheme Annual Report
Westpac KiwiSaver Scheme Annual Report for the year ended 31 March 2016 BT Funds Management (NZ) Limited is the scheme provider and Westpac New Zealand Limited is the distributor, of the Westpac KiwiSaver
More informationMilford KiwiSaver Plan. Who is Involved & Other Important Information. Who is Involved & Other Important. Information
Who is Involved & Other Important Information Who is Involved & Other Important Information Milford Funds Limited 16 March 2018 General information In this Document This document contains information about
More informationMEDICAL ASSURANCE SOCIETY NEW ZEALAND LIMITED TRUST DEED IN RESPECT OF THE MEDICAL ASSURANCE SOCIETY RETIREMENT SAVINGS PLAN
MEDICAL ASSURANCE SOCIETY NEW ZEALAND LIMITED TRUST DEED IN RESPECT OF THE MEDICAL ASSURANCE SOCIETY RETIREMENT SAVINGS PLAN 2610204_2 CONTENTS Page No. PART 1 2 PART 2 4 DIVISION A: General 4 Al ESTABLISHMENT
More informationDEPOSITARY INTERESTS IN CHESS
SECTION 13 DEPOSITARY INTERESTS IN CHESS 13.1 APPLICATION OF CDI RULES... 7 13.1.1 Effect of Rules 13.1 to 13.13... 7 13.2 PREREQUISITES FOR SETTLEMENT OF INSTRUCTIONS IN PRINCIPAL FINANCIAL PRODUCTS...
More informationSUNCORP GROUP HOLDINGS (NZ) LIMITED SUNCORP GROUP LIMITED CRS NOMINEES LIMITED TRUST DEED CONSTITUTING THE EXEMPT EMPLOYEE SHARE PLAN
SUNCORP GROUP HOLDINGS (NZ) LIMITED SUNCORP GROUP LIMITED CRS NOMINEES LIMITED TRUST DEED CONSTITUTING THE EXEMPT EMPLOYEE SHARE PLAN CONTENTS PARTIES... 1 INTRODUCTION... 1 COVENANTS... 1 1. INTERPRETATION...
More informationT r u s t D e e d. relating to. Asteron Retirement Savings Plan. Asteron Retirement Investment Limited. Trustee. Asteron Life Limited.
T r u s t D e e d relating to Asteron Retirement Savings Plan Asteron Retirement Investment Limited Trustee and Asteron Life Limited Company Date 25 November 2016 AUCKLAND VERO CENTRE, 48 SHORTLAND STREET
More informationNZRT Workplace Savings - How does this investment work?
New Zealand Retirement Trust February 201 NZRT Workplace Savings - How does this investment work? This document provides additional information on how you can manage your investment in the New Zealand
More informationWho is involved? In-Tandem. 16 September 2016
16 September 2016 Who is involved? In-Tandem This document provides additional information about the individuals and groups of people who are responsible for providing In-Tandem, and their key powers to
More informationLump Sum National Scheme INFORMATION BOOKLET
Lump Sum National Scheme PAGE 1 Lump Sum National Scheme This is an Information Booklet for the Lump Sum National Scheme. The information in this information Booklet was correct as at 20 February 2018,
More informationPension Trading Account Terms
Pension Trading Account Terms Contents 1 Our PTA service 3 2 The account and its services 3 3 User access and instructions to deal 3 4 Our client 4 5 Permitted investments 4 6 Orders 5 7 Client money and
More informationPension National Scheme INFORMATION BOOKLET
Pension National Scheme PAGE 1 Pension National Scheme This is an Information Booklet for the Pension National Scheme. The information in this Information Booklet was correct as at 20 October 2016, the
More informationEXECUTIVE SHARE PLAN
EXECUTIVE SHARE PLAN Trust Deed EXECUTIVE SHARE PLAN Table of contents 1. PURPOSE 1 2. DEFINITIONS 1 3. OPERATION OF THE PLAN 3 4. HOW THE PLAN WORKS 4 5. LIMITATIONS ON INDIVIDUAL PARTICIPATION IN THE
More informationThe Affirmative Deposit Fund for Charities
Appendix 2 The Scheme The Affirmative Deposit Fund for Charities A common deposit fund Sealed 14th August 2006, as amended by Scheme dated 27 th February 2007 As amended by resolutions effective 13 August
More informationScheme Provider. Fisher Funds KiwiSaver Scheme INVESTMENT STATEMENT & APPLICATION FORM
Scheme Provider KiwiSaver Scheme INVESTMENT STATEMENT & APPLICATION FORM Prepared at 1 JULY 2013 Scheme Provider Supplement to the KiwiSaver Scheme Investment Statement dated 1 July 2013 This Supplement
More informationTHE SECURITIES ACT The Securities (Collective Investment Schemes and Closed-end Funds) Regulations 2008 ARRANGEMENT OF REGULATIONS PART I
The text below is an internet version of the Regulations made by the Minister under the Securities Act 2005 and is for information purpose only. Whilst reasonable care has been taken to ensure its accuracy,
More informationANNOTATED TRUST DEED for NATIONAL PROVIDENT LUMP SUM NATIONAL SCHEME. (dated 21 September 2016, effective 20 October 2016)
ANNOTATED TRUST DEED for NATIONAL PROVIDENT LUMP SUM NATIONAL SCHEME (dated 21 September 2016, effective 20 October 2016) This is an Annotated Trust Deed for the Scheme and is not the official signed trust
More informationFSF MANAGEMENT COMPANY LIMITED Manager. THE NEW ZEALAND GUARDIAN TRUST COMPANY LIMITED Supervisor. FONTERRA CO-OPERATIVE GROUP LIMITED Fonterra
FSF MANAGEMENT COMPANY LIMITED Manager THE NEW ZEALAND GUARDIAN TRUST COMPANY LIMITED Supervisor FONTERRA CO-OPERATIVE GROUP LIMITED Fonterra FONTERRA SHAREHOLDERS' FUND TRUST DEED (as amended and restated)
More informationNZRT Personal Superannuation How does this investment work?
New Zealand Retirement Trust 25 May 201 NZRT Personal Superannuation How does this investment work? This document provides additional information on how you can manage your investment in the New Zealand
More informationMERIDIAN ENERGY LIMITED
MERIDIAN ENERGY LIMITED EXECUTIVE LONG TERM INCENTIVE PLAN RULES Dated 17 September 2013 MERIDIAN ENERGY LIMITED EXECUTIVE LONG TERM INCENTIVE PLAN RULES 1. NAME 1.1 The name of this plan is the Meridian
More informationConstitution of Mercer Investment Nominees Limited
Constitution of Mercer Investment Nominees Limited Contents Preliminary... 1 1. Definitions... 1 2. Interpretation... 2 3. Application of Corporations Act... 2 Securities... 2 4. Issue of securities...
More informationIRESS Limited Equity Plans
IRESS Limited Equity Plans Trust Deed Including amendments up to 30 June 2013 11117228_1 IRESS Limited Equity Plans Contents Details 1 General terms 2 1 Definitions and interpretation 2 1.1 Definitions
More informationNZ Funds KiwiSaver Scheme. Other Material Information
NZ Funds KiwiSaver Scheme Other Material Information 28 March 2018 contents 1. Background 3 2. NZ Funds KiwiSaver Scheme 3 3. The Manager 4 4. Other parties 5 5. Supervisor and Manager indemnity 5 6. Joining
More informationTrust Agreement. same meanings as provided under the Plan, unless the context clearly indicates otherwise, as determined by the Trustee.
Trust Agreement 717 17th Street, Suite 1700 Denver, CO 80202-3331 Please direct mail to: Toll Free: 877-270-6892 PO Box 17748 Fax: 303-293-2711 Denver, CO 80217-0748 www.tdameritradetrust.com THIS TRUST
More informationFisher Funds KiwiSaver Scheme INVESTMENT STATEMENT & APPLICATION FORM
Fisher Funds KiwiSaver Scheme INVESTMENT STATEMENT & APPLICATION FORM PREPARED AT 3 DECEMBER 2014 Important information (The information in this section is required under the Securities Act 1978.) Investment
More informationOrder and rules of the National Employment Savings Trust
Order and rules of the National Employment Savings Trust Consolidated Order and rules of the National Employment Savings Trust applicable from 6 April 2018 The Order 2010 no. 917 The National Employment
More informationSuperannuation Trust Deed. Establishing the. «Fund_Name» «Deed_of_Establishment_Date_App_Receiv»
Superannuation Trust Deed Establishing the «Fund_Name» «Deed_of_Establishment_Date_App_Receiv» PERPETUAL SUPERANNUATION LIMITED ("TRUSTEE") PERPETUAL SUPERANNUATION LIMITED (ABN 84 008 416 831) Business
More informationAMP PERSONAL UNIT TRUST PROSPECTUS
AMP PERSONAL UNIT TRUST PROSPECTUS 22 SEPTEMBER 2015 (AS AMENDED ON 1 DECEMBER 2015 AND 16 JUNE 2016) This Prospectus relates to an offer of securities by AMP Wealth Management New Zealand Limited 1 INDEX
More informationEQUITY INCENTIVE PLAN RULES
EQUITY INCENTIVE PLAN RULES Kogan.com Limited ACN 612 447 293 Kogan.com Limited Equity Incentive Plan Rules Adopted 8 June 2016 EIP Rules The purpose of this Equity Incentive Plan (EIP EIP) is to allow
More informationFinancial Services Rule Book 2016 Consent and Information Summary Table
Financial Services Rule Book 2016 Consent and Information Summary Table Summary only this document is not intended to be used without reference to the Financial Services Rule Book, nor can the Isle of
More informationCOLLECTIVE INVESTMENT FUNDS (RECOGNIZED FUNDS) (RULES) (JERSEY) ORDER 2003
COLLECTIVE INVESTMENT FUNDS (RECOGNIZED FUNDS) (RULES) (JERSEY) ORDER 2003 Revised Edition Showing the law as at 1 January 2014 This is a revised edition of the law Collective Investment Funds (Recognized
More informationCONSOLIDATED TRUST DEED FOR SUNSUPER PTY LTD AS TRUSTEE FOR SUNSUPER SUPERANNUATION FUND
CONSOLIDATED TRUST DEED FOR SUNSUPER PTY LTD AS TRUSTEE FOR SUNSUPER SUPERANNUATION FUND SUNSUPER PTY LTD ABN 88 010 720 840 SUNSUPER SUPERANNUATION FUND CONSOLIDATED TRUST DEED Consolidated to 20 April
More informationAMP KiwiSaver Scheme 25 May Fees & Other Charges
AMP KiwiSaver Scheme 2 May 2018 Fees & Other Charges This document provides information about the fees and other charges relating to the AMP KiwiSaver Scheme (Scheme) and should be read with the Product
More informationNZ Funds KiwiSaver Scheme
NZ Funds KiwiSaver Scheme Product Disclosure Statement Issued by New Zealand Funds Management Limited 20 December 2017 This document replaces the Product Disclosure Statement dated 30 June 2017 This document
More informationTrust Deed. The New Zealand Guardian Trust Company Limited Supervisor. and. Manager. relating to. the Superannuation Master Trust
The New Zealand Guardian Trust Company Limited Supervisor and AMP Wealth Management New Zealand Limited Manager Trust Deed relating to the Superannuation Master Trust AMP Wealth Management New Zealand
More informationCLEARING AND SETTLEMENT SYSTEM CONSULTATION MEMORANDUM Depository Rules. August 2009
CLEARING AND SETTLEMENT SYSTEM CONSULTATION MEMORANDUM Depository Rules August 2009 I. INTRODUCTION This Consultation Memorandum accompanies the proposed Depository Rules ( Rules ) and Depository Procedures
More informationTrust Deed and Rules of the Scheme
Trust Deed and Rules of the Scheme (adopted with effect from 21 March 2016 and incorporating all amendments made to 21 March 2016) Page 1 of 82 THE METAL BOX PENSION SCHEME Index to Trust Deed and Rules
More informationKINGDOM OF SAUDI ARABIA. Capital Market Authority INVESTMENT FUNDS REGULATIONS
KINGDOM OF SAUDI ARABIA Capital Market Authority INVESTMENT FUNDS REGULATIONS English Translation of the Official Arabic Text Issued by the Board of the Capital Market Authority Pursuant to its Resolution
More informationOther Material Information. Ports Retirement Plan
Other Material Information Ports Retirement Plan 6 November 2018 Table of Contents Section 1 - General 3 Section 2 Trustee and its directors 3 Section 3 More about the Plan 4 Section 4 Risks 6 Section
More informationPROSPECTUS WESTPAC MORTGAGE INVESTMENT FUND
PROSPECTUS WESTPAC MORTGAGE INVESTMENT FUND 30 August 2012 STATUTORY INFORMATION The following information is included as required under Schedule 4 to the Securities Regulations 2009. In making this offer,
More informationMERCER SUPERANNUATION (AUSTRALIA) LIMITED ABN ('Trustee') MERCER MASTER FUND
This document is a Consolidation of the amendments listed below and is a Working Copy Only MERCER SUPERANNUATION (AUSTRALIA) LIMITED ABN 79 004 717 533 ('Trustee') MERCER MASTER FUND MERCER RETAIL DIVISION
More informationRoyal Bank of Canada Tax-Free Savings Account. Trust Agreement
Royal Bank of Canada Tax-Free Savings Account Trust Agreement Tax-Free Savings Account Trust Agreement 1 Royal Bank of Canada Tax-Free Savings Account Trust Agreement 1. Definitions. Whenever used in
More informationIntroducing the key features of our innovative KiwiSaver scheme that is flexible, competitive and can be tailored to your goals. Investment Statement
kiwistart Select Introducing the key features of our innovative KiwiSaver scheme that is flexible, competitive and can be tailored to your goals. Investment Statement Investment Statement - 30 June 2011
More informationForm 603. Corporations Act 2001 Section 671B. Notice of initial substantial holder
603 GUIDE page 1/1 13 March 2000 Form 603 Corporations Act 2001 Section 671B Notice of initial substantial holder To Company Name/Scheme nib holdings limited ACN/ARSN 125 633 856 1. Details of substantial
More informationScheme Rules. S/RO6 rules booklet
Scheme Rules S/RO6 rules booklet Contents Rule Page 1. Scheme status, definitions and interpretation 4 1.1 Scheme status 4 1.2 Contracted-out Scheme 4 1.3 Definitions 4 1.4 Interpretation 5 1.5 Transitional
More informationSample Copy Sample Company Pty Ltd ACN Special Purpose Company SMSF Trustee. Reckon Docs. Incorporation Date: 18th August 2009
3801 Sample Company Pty Ltd ACN 001 002 003 Incorporation Date: 18th August 2009 Special Purpose Company SMSF Trustee Prepared for: Reckon Docs 3801 Sample Company Pty Ltd ACN 001 002 003 Incorporation
More informationANZ Smart Choice Super
ANZ Smart Choice Super MetLife Insurance Limited Legg Mason Superannuation Plan INSURANCE GUIDE FOR EMPLOYERS AND THEIR EMPLOYEES 25 MAY 2015 Death and Total and Permanent Disablement Cover ANZ Smart Choice
More informationMercer Self-Managed Super
1 September 2009 Mercer Self-Managed Super Administration Service Agreement Contents 1. Important Information 2 Introduction 2 Definitions 2 Appointment 3 Termination 3 Effect of termination 3 Indemnity
More informationAppendix 6. In this annex underlining indicates new text and striking through indicates deleted text. The DFSA Rulebook. Markets Rules (MKT)
Appendix 6 In this annex underlining indicates new text and striking through indicates deleted text. The DFSA Rulebook Markets Rules (MKT) 5 ACCOUNTING PERIODS, AND FINANCIAL REPORTS AND AUDITING 1. Article
More informationElite Retirement Account
Elite Retirement Account DATED DATED 23 SEPTEMBER 22 JULY 20142008 governing the Elite Retirement Account CONTENTS 1. TRUST 2 2. MEMBERS OF THE SCHEME 2 3. ELITE MEMBERS 2 4. SIMPLE MEMBERS 3 5. INVESTMENT
More informationSample Copy Sample Company Pty Ltd ACN Special Purpose Company SMSF Trustee. Reckon Docs Pty Ltd
3801 Sample Company Pty Ltd ACN 001 002 003 Incorporation Date: 18th August 2009 Special Purpose Company SMSF Trustee Prepared for: Reckon Docs Pty Ltd 3801 Sample Company Pty Ltd ACN 001 002 003 Incorporation
More informationPanorama SMSF Establishment Service
Panorama SMSF Establishment Service Panorama SMSF Establishment Service Guide and Terms and Conditions Dated 14 October 2017 Purpose of this Guide This Guide is important because it includes the following
More informationKINGDOM OF SAUDI ARABIA. Capital Market Authority AUTHORISED PERSONS REGULATIONS
KINGDOM OF SAUDI ARABIA Capital Market Authority AUTHORISED PERSONS REGULATIONS English Translation of the Official Arabic Text Issued by the Board of the Capital Market Authority Pursuant to its Resolution
More informationKINGDOM OF SAUDI ARABIA. Capital Market Authority THE RULES FOR SPECIAL PURPOSES ENTITIES. (Draft)
KINGDOM OF SAUDI ARABIA Capital Market Authority THE RULES FOR SPECIAL PURPOSES ENTITIES (Draft) English Translation of the Official Arabic Text Issued by the Board of the Capital Market Authority Pursuant
More informationUCITS NOTICES April 2008
UCITS NOTICES UNDERTAKINGS FOR COLLECTIVE INVESTMENT IN TRANSFERABLE SECURITIES AUTHORISED UNDER EUROPEAN COMMUNITIES (UNDERTAKINGS FOR COLLECTIVE INVESTMENT IN TRANSFERABLE SECURITIES) REGULATIONS 2003
More informationLump Sum Cash Accumulation Scheme Provident Personal Superannuation Plan INFORMATION BOOKLET
Lump Sum Cash Accumulation Scheme Lump Sum Cash Accumulation Scheme Provident Personal Superannuation Plan PAGE 1 This is an Information Booklet for the Provident Personal Superannuation Plan (part of
More informationIndividually Managed Account Service Client Servicing and Monitoring Agreement
Individually Managed Account Service Client Servicing and Monitoring Agreement Part A Application This is an Agreement in respect of (please tick appropriate box) Individual Joint Individuals Trust or
More informationNZ Funds Managed Superannuation Service. Other Material Information
NZ Funds Managed Superannuation Service Other Material Information 20 September 2017 contents 1. Background 3 2. NZ Funds Managed Superannuation Service 3 3. The Manager 4 4. Other parties 5 5. Supervisor
More informationKINGDOM OF SAUDI ARABIA. Capital Market Authority INVESTMENT FUNDS REGULATIONS
KINGDOM OF SAUDI ARABIA Capital Market Authority INVESTMENT FUNDS REGULATIONS English Translation of the Official Arabic Text Issued by the Board of the Capital Market Authority Pursuant to its Resolution
More informationReport of the Financial Markets Authority (in respect of the KiwiSaver Act 2006)
Report of the Financial Markets Authority (in respect of the KiwiSaver Act 2006) for the year ended 30 June 2011 Presented to the House of Representatives pursuant to Section 194 of the KiwiSaver Act 2006
More informationSTANDARD PROVISIONS OF THE SOCIETY OF TRUST AND ESTATE PRACTITIONERS. Draft/Second Edition For consultation with members of STEP
STANDARD PROVISIONS OF THE SOCIETY OF TRUST AND ESTATE PRACTITIONERS Draft/Second Edition For consultation with members of STEP The text of the 2 nd Edition of the STEP Standard Provisions is as follows:
More informationUniSaver New Zealand
UniSaver New Zealand Product disclosure statement Offer of membership of UniSaver New Zealand 1 February 2018 This document gives you important information about this investment to help you decide whether
More informationSIL Employer Scheme. A registered superannuation scheme established under the SIL Mutual Fund
SIL Employer Scheme A registered superannuation scheme established under the SIL Mutual Fund Investment Statement 31 March 2016 Important information (The information in this section is required under
More informationWestpac Active Series
Westpac Active Series PROSPECTUS Number 17 In relation to the Westpac Active Income Strategies Trust, the Westpac Active Conservative Trust, the Westpac Active Moderate Trust, the Westpac Active Balanced
More informationWORKING COPY ONLY. Colonial Mutual Superannuation Pty Limited ( Trustee ) The Colonial Mutual Life Assurance Society Limited ( Insurer )
WORKING COPY ONLY COLONIAL SUPER RETIREMENT FUND DEED Colonial Mutual Superannuation Pty Limited ( Trustee ) The Colonial Mutual Life Assurance Society Limited ( Insurer ) Original Deed Dated 1 May 1993
More informationElectro Optic Systems Holdings Limited Share Plan Trust
Electro Optic Systems Holdings Limited Share Plan Trust Trust Deed Electro Optic Systems Holdings Limited (Company) Electro Optic Systems Holdings Limited (Trustee) Level 40 Governor Macquarie Tower 1
More informationSAMPLE. 1.1 Drawing your Loan Unless otherwise agreed by Westpac NZ you can draw your Loan in one lump sum or in instalments.
Choices Everyday Home Loan Terms And Conditions, having its principal place of business at 16 Takutai Square, Auckland (Westpac NZ) may offer to provide Choices Everyday Home Loans (each a Loan) to you
More informationWestpac KiwiSaver Scheme
Westpac KiwiSaver Scheme BT Funds Management (NZ) Limited is the scheme provider and Westpac New Zealand Limited is the distributor of the Westpac KiwiSaver Scheme. This is an investment statement for
More informationThe DFSA Rulebook. Fees Module (FER) FER/VER18/08-18
The DFSA Rulebook Fees Module (FER) Contents The contents of this module are divided into the following chapters, sections and appendices: 1. INTRODUCTION... 1 1.1 Application... 1 1.2 General provisions...
More informationOneLife Independent Marketing Associate
OneLife m Independent Marketing Associate TRUST DEED [Trust Name] BGP One Life Trust [Company] [Trustee] One Life Group (NZ) Limited Fooi Seong Siow Table of contents Parties Background Operative provisions
More informationEMPLOYEE RETIREMENT PLAN MEMBER BOOKLET. 31 January Planning tomorrow s retirement today
EMPLOYEE RETIREMENT PLAN MEMBER BOOKLET 31 January 2019 Planning tomorrow s retirement today INTRODUCTION The Teachers Retirement Savings Scheme (Teachers scheme or scheme) has been specially designed
More informationWAY FUND MANAGERS LIMITED HOST CAPITAL LIMITED NORTHERN TRUST GLOBAL SERVICES LIMITED CITIBANK EUROPE PLC, UK BRANCH
Date 2016 WAY FUND MANAGERS LIMITED HOST CAPITAL LIMITED NORTHERN TRUST GLOBAL SERVICES LIMITED CITIBANK EUROPE PLC, UK BRANCH DEED OF RETIREMENT AND APPOINTMENT AND CHANGE OF NAME relating to Elite Charteris
More informationInsurance-only Division Membership
Issue Date: 1 October 2016 Insurance-only Division Membership Product Disclosure Statement Product Disclosure Statement issued by Macquarie Investment Management Limited ABN 66 002 867 003 AFSL 237492
More informationTrust Companies Act 1994 [50 MIRC Ch 2]
Pagina 1 di 15 Trust Companies Act 1994 [50 MIRC Ch 2] 50 MIRC Ch 2 MARSHALL ISLANDS REVISED CODE 2004 TITLE 50. TRUSTS CHAPTER 2. TRUST COMPANIES ARRANGEMENT OF SECTIONS Section PART I PRELIMINARY 201.
More informationSuperannuation Administration Act 1996 No 39
New South Wales Superannuation Administration Act 1996 No 39 Contents Part 1 Preliminary 1 Name of Act 2 Commencement 3 Objects of Act 4 Definitions 5 Declaration of FTC schemes and funds 6 Notes in text
More informationAppendix 4. In this appendix underlining indicates new text and striking through indicates deleted text. The DFSA Rulebook. General Module (GEN)
Appendix 4 In this appendix underlining indicates new text and striking through indicates deleted text. The DFSA Rulebook General Module (GEN) 8 ACCOUNTING AND AUDITING 8.1 Application 8.1.1 (1) This chapter
More informationAppendix 2. In this appendix underlining indicates proposed new text and striking through indicates deleted text. The DFSA Rulebook.
Appendix 2 In this appendix underlining indicates proposed new text and striking through indicates deleted text. The DFSA Rulebook General Module (GEN) 2 FINANCIAL SERVICES.. 2.28 Definition of Financial
More informationWestpac Personal Superannuation Fund 2013 Annual Report. Westpac Personal Superannuation Fund Annual Report
Westpac Personal Superannuation Fund 2013 Annual Report Westpac Personal Superannuation Fund 2013 Annual Report 1 Contents Recent developments in Superannuation... 1 Understanding your investment... 7
More informationSupplement No. 6 published with Gazette No. 16 of 6th August, MUTUAL FUNDS LAW. (2007 Revision) RETAIL MUTUAL FUNDS (JAPAN) REGULATIONS
Supplement No. 6 published with Gazette No. 16 of 6th August, 2007. Retail Mutual Funds (Japan) Regulations (2007 Revision) MUTUAL FUNDS LAW (2007 Revision) RETAIL MUTUAL FUNDS (JAPAN) REGULATIONS (2007
More informationHELPING KIWIS RETIRE WITH MORE MERCER KIWISAVER SCHEME ANNUAL REPORT 31 MARCH 2014
HELPING KIWIS RETIRE WITH MORE MERCER KIWISAVER SCHEME ANNUAL REPORT 31 MARCH 2014 CONTENTS 2014 HIGHLIGHTS 01 THE MANAGER 02 YOUR INVESTMENTS 03 INVESTMENT MANAGEMENT 04 MEMBERSHIP INSIGHTS 05 KEY EVENTS
More informationTrust Deed. AMP Wealth Management New Zealand Limited. Manager. The New Zealand Guardian Trust Company Limited. Supervisor.
AMP Wealth Management New Zealand Limited Manager The New Zealand Guardian Trust Company Limited Supervisor Trust Deed relating to the New Zealand Retirement Trust AMP Wealth Management New Zealand Limited
More informationSupplementary Order Paper
No 52 House of Representatives Supplementary Order Paper Tuesday, 29 August 2006 Proposed amendments Hon Dr Michael Cullen, in Committee, to move as follows: Clause 4 To omit from the definition of defined
More informationNZ Funds KiwiSaver Scheme
NZ Funds KiwiSaver Scheme Annual Report for the year ended 31 March 2016 Prepared by New Zealand Funds Management Limited annual review 3 annual report 4 description of the scheme 4 key information 4
More informationSuperLife. KiwiSaver scheme. Product Disclosure Statement. Offer of membership of the SuperLife. 29 March Issued by Smartshares Limited
29 March 2018 SuperLife KiwiSaver scheme Product Disclosure Statement Offer of membership of the SuperLife KiwiSaver scheme Issued by Smartshares Limited This document gives you important information about
More informationKIWISAVER GLOSSARY. Brought to you by: Workplace Savings NZ
KIWISAVER GLOSSARY Brought to you by: Introduction This glossary is designed for consumers and KiwiSaver providers. Its aim is to bring simplicity to a complex world, explaining technical terms in a clear
More informationContents JANUARY 2012
Mercer Self-Managed Super Administration Service Agreement JANUARY 2012 Mercer Self-Managed Super Administration Service Agreement Contents 1. Important Information 2 Introduction 2 Definitions 2 Appointment
More informationOffer of membership in the
Generate KiwiSaver Scheme Offer of membership in the Generate KiwiSaver Scheme Dreams worth saving Product Disclosure Statement 31 July 2017 This document replaces the Product Disclosure Statement dated
More informationGUIDELINES ON PRIVATE RETIREMENT SCHEMES SC-GL/PRS-2012 (R1-2017)
GUIDELINES ON PRIVATE RETIREMENT SCHEMES SC-GL/PRS-2012 (R1-2017) 1 st Issued : 5 April 2012 Revised : 13 July 2017 GUIDELINES ON PRIVATE RETIREMENT SCHEMES Effective Date upon 1 st Issuance: 5 April 2012
More informationFirst Home Withdrawal Application Form
BNZ KiwiSaver Scheme First Home Withdrawal Application Form What is a first home withdrawal? You may be eligible to make a withdrawal from your KiwiSaver savings if you re: a) purchasing your first home
More informationA Guide to Self Managed Super Funds
A Guide to Self Managed Super Funds Introduction If you want greater control over your super and more flexibility than you would get with a conventional super fund, then a Self Managed Superannuation Fund
More informationANZ SMART CHOICE SUPER FOR EMPLOYERS AND THEIR EMPLOYEES MLC LIMITED VISY INDUSTRIES SUPERANNUATION PLAN
ANZ SMART CHOICE SUPER FOR EMPLOYERS AND THEIR EMPLOYEES MLC LIMITED VISY INDUSTRIES SUPERANNUATION PLAN INSURANCE GUIDE ISSUED 17 MARCH 2018 DEATH AND TOTAL AND PERMANENT DISABLEMENT COVER INCOME PROTECTION
More informationPRODUCT DISCLOSURE STATEMENT SuperEasy KiwiSaver Superannuation Scheme
PRODUCT DISCLOSURE STATEMENT SuperEasy KiwiSaver Superannuation Scheme Offer of membership of the SuperEasy KiwiSaver Superannuation Scheme 9 March 2018 Issued by Local Government Superannuation Trustee
More informationCO-OPERATIVE BANKS ACT
REPUBLIC OF SOUTH AFRICA CO-OPERATIVE BANKS ACT IRIPHABLIKI YOMZANTSI AFRIKA UMTHETHO WEEBHANKI ZENTSEBENZISWANO No, 07 ACT To promote and advance the social and economic welfare of all South Africans
More informationInvestment Management Terms
Investment Management Terms Praemium Administration Limited The Select Service December 2016 Please read this document and the Initial Investment Form carefully. These terms and conditions (the Terms ),
More informationKiwiSaver. KiwiSaver Glossary. Powered by the Commission for Financial Capability (CFFC)
KiwiSaver KiwiSaver Glossary Powered by the Commission for Financial Capability (CFFC) Reading about KiwiSaver and getting lost in the jargon? Here are the key terms explained. TERM Account EXPLANATION
More informationGOVERNMENT GAZETTE REPUBLIC OF NAMIBIA
GOVERNMENT GAZETTE OF THE REPUBLIC OF NAMIBIA N$13.60 WINDHOEK - 29 February 2016 No. 5955 CONTENTS Page GOVERNMENT NOTICE No. 31 Determination of conditions in terms of section 4(1)(f) of the Stock Exchanges
More informationFidelity KiwiSaver Scheme. Investment Statement and application form Prepared as at 21 September 2012
Fidelity KiwiSaver Scheme Investment Statement and application form Prepared as at 21 September 2012 Important information (The information in this section is required under the Securities Act 1978) 1
More informationDEED OF TRUST TECT CHARITABLE TRUST
DATED 27 March 2002 DEED OF TRUST establishing the TECT CHARITABLE TRUST Updated 21 August 2015 TAURANGA, NEW ZEALAND TABLE OF CONTENTS 1. DEFINITIONS AND CONSTRUCTION... 1 2. NAME OF TRUST... 4 3. DECLARATION
More informationThe DFSA Rulebook. Auditor Module (AUD) AUD/VER3/02-17
The DFSA Rulebook Auditor Module (AUD) Contents The contents of this module are divided into the following chapters, sections and appendices: PART 1 INTRODUCTION... 1 1 APPLICATION AND DEFINITIONS... 1
More information