New Zealand Legislation: Regulations

3 Interpretation

• In these regulations, unless the context otherwise requires,—

  Act means the KiwiSaver Act 2006

  administration manager, for a KiwiSaver scheme, means the person to whom the trustees have contracted some or all of the administration of the scheme

  fees assessment has the meaning set out in regulation 10

  net assets, in relation to a KiwiSaver scheme, means the market value of the scheme assets, net of borrowings, at the close of the financial year to which the annual report relates

  scheme assets means, in relation to a KiwiSaver scheme, the assets of the scheme held on behalf of members.