In section 49(4), delete “, 59,”.

Replace section 49A(1)(b) with:

Replace sections 59 to 59B with:

Replace section 61(fa) with:

In Schedule 1AA,—

In Schedule 3, clause 39(1)(c), replace “a Fund investment vehicle that is formed or controlled under section 59A” with “an entity that is formed or controlled by the Guardians for the purpose of holding, facilitating, or managing the investments of the Fund”.

Section 11 amends the Ombudsmen Act 1975.

In Schedule 1, Part 2, item relating to the Guardians of New Zealand Superannuation and any subsidiary of the Guardians of New Zealand Superannuation, replace “and any subsidiary of the Guardians of New Zealand Superannuation” with “and any Crown entity subsidiary of the Guardians of New Zealand Superannuation”.

Sections 13 to 17 amend the Income Tax Act 2007.

Replace section CW 38(5)(d) with:

In section CW 38, list of defined terms, insert in its appropriate alphabetical order “Fund investment entity,”.

In section CX 55(1)(bb), replace “a Fund investment vehicle, as referred to in section 59A of the New Zealand Superannuation and Retirement Income Act 2001,” with “a Fund investment entity”.

In section CX 55, list of defined terms, insert in its appropriate alphabetical order “Fund investment entity,”.

In the heading above section HR 4B(3), replace “Fund investment vehicles” with “Fund investment entities”.

In section HR 4B(3), words before paragraph (a), replace “a Fund investment vehicle as referred to in section 59A of the New Zealand Superannuation and Retirement Income Act 2001” with “a Fund investment entity”.

In section HR 4B(3)(b), replace “Fund investment vehicle” with “Fund investment entity”.

In section HR 4B, list of defined terms, insert in its appropriate alphabetical order “Fund investment entity,”.

In section YA 1, insert in its appropriate alphabetical order:

In Schedule 29, Part A, replace item 4B with: