| Agency data share is with |
Financial Markets Authority |
| MoU title |
Supply of information for the administration of KiwiSaver |
| Agency using the data |
Financial Markets Authority and Inland Revenue |
| Purpose |
Supply of information to an agency to enable it to perform or exercise its functions, powers or duties relating to the administration of KiwiSaver |
| Data exchanged |
Inland Revenue supplies FMA with the following information on a regular basis:
- KiwiSaver member count by join type and scheme assigned method - by provider, by administrator, by scheme
- employer preference notice
- opt outs
- financial hardship contribution holidays - members who have enrolled into KiwiSaver via their employers
- financial hardship contribution holidays - members who have enrolled into KiwiSaver via a scheme provider
- contribution holidays - all KiwiSaver schemes
- contribution holidays - length detail
Inland Revenue may supply the FMA with the following information on an ad hoc basis:
- member transfers in/out of KiwiSaver schemes
- other information about default providers
- administration issues
- information related to FMA investigations
- breach of trade mark licence or requirements, other breaches of Scheme Provider Agreements
- complaints information about providers
- complaints information - identifiers
FMA may supply Inland Revenue with the following information on an ad hoc basis:
- breach of legislation, regulations, Code of Conduct for Authorised Financial Advisers
|
| Legal authority |
Section 157 of the KiwiSaver Act 2006 and schedule 7, part C, clause 31 of the Tax Administration Act 1994 |
