New Zealand Superannuation and Retirement Income Act 2001

Required capital contributions to Fund

42 Process for calculating capital contributions to Fund

(1)

The Treasury must, each financial year, calculate the amount of the annual capital contribution to the Fund required under section 43.

(2)

The Treasury must include, in the economic and fiscal update prepared under section 26O of the Public Finance Act 1989,—

(a)

the amount of the required annual capital contribution so calculated for the financial year; and

(b)

a statement of the assumptions and judgments on which the calculations are based.

(3)

Part 2 of the Public Finance Act 1989 (including, without limitation, section 26W) applies to the matters that are included in the economic and fiscal update under this section as if they were required to be included under that Act.

Section 42(2): amended, on 25 January 2005, by section 37(1) of the Public Finance Amendment Act 2004 (2004 No 113).

Section 42(3): amended, on 25 January 2005, by section 37(1) of the Public Finance Amendment Act 2004 (2004 No 113).