New Zealand Legislation: Regulations

26 What member of KiwiSaver scheme must do next to participate in mortgage diversion facility

• A member of a KiwiSaver scheme whose mortgagee has agreed to participate in the mortgage diversion facility must give to the provider of his or her KiwiSaver scheme—

  • (a) a request to divert, in respect of his or her mortgage, contributions that are received after the provider receives such request; and

  • (b) a copy of the statutory declaration referred to in regulation 24(b); and

  • (c) a copy of the information referred to in regulation 25(b).

  Regulation 26: added, on 1 July 2007, by regulation 4 of the KiwiSaver Amendment Regulations 2007 (SR 2007/152).

  Regulation 26(a): substituted (with effect on 1 July 2008), on 6 October 2009, by section 867 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).