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Amendment paper Bill enacted Released 29 June 2021 | Andrew Bayly

New Zealand Superannuation and Retirement Income (Fair Residency) Amendment Bill - Amendment paper No 051

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Amendment paper Bill enacted Released 29 June 2021 | Andrew Bayly

New Zealand Superannuation and Retirement Income (Fair Residency) Amendment Bill - Amendment paper No 051

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No 51

House of Representatives

Supplementary Order Paper

Wednesday, 30 June 2021

New Zealand Superannuation and Retirement Income (Fair Residency) Amendment Bill

Proposed amendments

Andrew Bayly, in Committee, to move the following amendments:

Clause 2

In clause 2, replace “the day after the date on which it receives the Royal assent” (page 2, lines 6 and 7) with “1 July 2023”.

Clause 4

In clause 4, replace new section 8(4) and the example (page 3, lines 17 to 26) with:

(4)

For the purposes of subsection (2), if A was born during the period specified in column 1 of the following table, A’s total time requirement is the number of years specified in column 2:

Column 1 Column 2
Period during which A was born Total time requirement
On or before 30 June 1959 10 years
Between 1 July 1959 and 30 June 1961 (inclusive) 11 years
Between 1 July 1961 and 30 June 1963 (inclusive) 12 years
Between 1 July 1963 and 30 June 1965 (inclusive) 13 years
Between 1 July 1965 and 30 June 1967 (inclusive) 14 years
Between 1 July 1967 and 30 June 1969 (inclusive) 15 years
Between 1 July 1969 and 30 June 1971 (inclusive) 16 years
Between 1 July 1971 and 30 June 1973 (inclusive) 17 years
Between 1 July 1973 and 30 June 1975 (inclusive) 18 years
Between 1 July 1975 and 30 June 1977 (inclusive) 19 years
On or after 1 July 1977 20 years
Example

A person (B) is born overseas on 30 June 1967. B moves to New Zealand and becomes both resident and present in New Zealand on 1 July 2022 at age 55. The earliest date on which B can meet their total time requirement is 14 years later, on 1 July 2036, at age 69. B meets this requirement by being both resident and present in New Zealand for a total of 12 years, in the Cook Islands for a total of 1 year, and in Niue for a total of 1 year.

Explanatory note

This Supplementary Order Paper amends the New Zealand Superannuation and Retirement Income (Fair Residency) Amendment Bill to extend the commencement date to 1 July 2023. The Retirement Commissioner advocated for a delay of 5 years; however, in discussions with the Government, 2 years was considered sufficient. The commencement date, the table of total time requirement, and the example have therefore been shifted out by 2 years.

Amendment paper Bill enacted Released 29 June 2021

New Zealand Superannuation and Retirement Income (Fair Residency) Amendment Bill - Amendment paper No 051

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