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Public 2015 No 40
Issued
2015

Taxation (KiwiSaver HomeStart and Remedial Matters) Act 2015

2015 legislation covering KiwiSaver allows members to withdraw member tax credits when purchasing a new home, and corrects veteran income replacement payments.

The Taxation (KiwiSaver HomeStart and Remedial Matters) Bill was introduced on 1 December 2014. It received its first reading on 4 December 2014, its second reading on 24 March 2015 and its third reading on 26 March 2015. The new Act received Royal assent on 31 March 2015. It amends the KiwiSaver Act 2006 and the Income Tax Act 2007.

The new legislation allows eligible KiwiSaver members to withdraw their member tax credits when purchasing a new home, and corrects errors in the tax, social policy and KiwiSaver treatment of income replacement payments paid under the Veterans' Support Act 2014.