New Zealand Superannuation and Retirement Income Amendment Act 2010
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New Zealand Superannuation and Retirement Income Amendment Act 2010
Public Act |
2010 No 32 |
|
Date of assent |
27 May 2010 |
|
Commencement |
see section 2 |
Contents
The Parliament of New Zealand enacts as follows:
1 Title
This Act is the New Zealand Superannuation and Retirement Income Amendment Act 2010.
2 Commencement
This Act comes into force on 20 May 2010.
3 Annual adjustment of standard rates of New Zealand superannuation
(1)
Section 15(1) of the New Zealand Superannuation and Retirement Income Act 2001 is amended by omitting “the Department of Statistics”
and substituting “Statistics New Zealand”
.
(2)
Section 15 of the New Zealand Superannuation and Retirement Income Act 2001 is amended by inserting the following subsection after subsection (2):
(2A)
The adjustments (by any percentage movement upwards in the CPI) required under subsection (2) as at 1 April 2011, 1 April 2012, and 1 April 2013 must, despite subsections (1) and (2), be calculated,—
(a)
if, and insofar as, they relate to movements during quarters that end before 29 April 2010, using index numbers for those quarters of the consumers price index-all groups published by Statistics New Zealand; and
(b)
if, and insofar as, they relate to movements during quarters that end after 28 April 2010, using index numbers for those quarters of the consumers price index-all groups excluding cigarettes and other tobacco products published by Statistics New Zealand.
Legislative history
20 May 2010 |
Divided from Taxation (Budget Measures) Bill by committee of the whole House, third reading |
|
27 May 2010 |
Royal assent |
This Act is administered by the Ministry of Social Development and Treasury.
Versions
New Zealand Superannuation and Retirement Income Amendment Act 2010
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