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The KiwiSaver scheme logo. KiwiSaver is a New Zealand savings scheme which has been operating since 2 July 2007. Participants can normally access their KiwiSaver funds only after the age of 65, but can withdraw them earlier in certain limited circumstances, for example if undergoing significant financial hardship or to use a deposit for a first home.
The scheme is voluntary, work-based and managed by private-sector companies called "KiwiSaver providers". As of 2014 KiwiSaver had 2.3 million active members (60.9% of New Zealand's population under 65). NZ$4 billion was contributed annually, and a total of NZ$19.1 billion has been contributed since 2007.
Following intense public criticism from fund managers and the opposition National Party, the Government abandoned its plans to apply GST taxation on Kiwisaver fees. [148] Following the death of Queen Elizabeth II, Ardern announced that a one-off public holiday would be held on 26 September to mark the monarch's passing.
The New Zealand Employment Relations Act 2000 (sometimes known by its acronym, ERA) is a statute of the Parliament of New Zealand.It was substantially amended by the Employment Relations (Validation of Union Registration and Other Matters) Amendment Act 2001 and by the ERAA (No 2) 2004.
He started working at an early age as gold miner in Australia. In 1903 he was involved in a miner's strike in Victoria, Australia. The strike was defeated and Semple ended up being blacklisted. [1] To avoid the blacklist Semple moved to the West Coast of the South Island of New Zealand.
NZX began life as a number of regional stock exchanges during the gold rush of the 1860s. The first brokers’ association was started in Dunedin in 1867, then in Otago in 1868, Auckland in 1872, [4] Wellington in 1882. The Dunedin Brokers’ Association became a stock exchange in 1893, then Christchurch gained an exchange in 1900. [5]
Howard Henry, former Director of External Relations of the Cook Islands, stated that the Cook Islands could apply for Commonwealth membership as soon as the 2024 Commonwealth Heads of Government Meeting in Samoa, following the United States recognition of the Cook Islands and Niue as sovereign states.
A pension (/ ˈ p ɛ n ʃ ən /; from Latin pensiō 'payment') is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work.