Bank of New Zealand

The Arrangement is for the redemption of Fly Buys points for a contribution to a KiwiSaver account in a KiwiSaver scheme that Bank of New Zealand (the Bank) has established (the BNZ KiwiSaver Scheme). Under an agreement between the Bank and Loyalty New Zealand Limited (Loyalty NZ), members of the Fly Buys loyalty programme will be able to request the redemption of their Fly Buys points for a contribution to their own, or another person's, member's account in the BNZ KiwiSaver Scheme. A person does not have to be a customer of the Bank to request the redemption of Fly Buys points. The Bank will make a payment to Loyalty NZ in relation to each contribution Loyalty NZ makes to a member's account in the BNZ KiwiSaver Scheme.