How to transfer your Super to a KiwiSaver scheme
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6 October 2014
How to transfer your Super
to a KiwiSaver schemeIf you’re living in New Zealand on a permanent basis, you might be
considering transferring your Australian super benefit to your KiwiSaver
account. And although we’d hate to lose you, we’re committed to acting in
the best interests of our members. So to make it easier for you, this document
provides an explanation of the process, along with a step by step guide.
Keep in mind though, if you’re planning to return to Australia at any stage you
2
may want to consider leaving your Australian super benefit in a high performing
super fund, like HOSTPLUS.
If you’re unsure, simply give us a call on 1300 HOSTPLUS (1300 467 875) and
we’d be happy to help.Contents
Trans-Tasman portability scheme ................................................................................................................................................ 4
Introduction...................................................................................................................................................................................... 4
Details.............................................................................................................................................................................................. 4
How to transfer your benefit – step by step guide ....................................................................................................................5
Your checklist..................................................................................................................................................................................7
3Trans-Tasman retirement savings portability scheme
Introduction Transferring your Australian superannuation to a
KiwiSaver scheme
Until recently, superannuation laws in Australia did not allow
As your super benefit is leaving the Australian
Australian and New Zealand citizens living in Australia, who
superannuation system and being sent overseas, we need
left Australia indefinitely, to either withdraw their super
to make sure that all requirements have been met. The
on departure prior to reaching Australian preservation age
requirements are that:
(between 55 and 60, depending on the individual’s date of
birth), or to move their benefits to a super fund in their • you have emigrated permanently to New Zealand;
new country.
• w
e’ve received an Australian or New Zealand statutory
Recent legislation (known as “Tasman retirement savings declaration stating that you have permanently emigrated to
portability scheme”) assists Australians and New Zealanders New Zealand, as well as proof of residence at an address
to streamline their financial affairs when they cross the in New Zealand;
Tasman, consolidate their retirement savings in their
• y ou’ve requested and consented to the payment of the
country of residence and avoid paying unnecessary fees
whole of your withdrawal benefits to a KiwiSaver scheme;
and charges on multiple accounts held in the two countries.
• you have opened a KiwiSaver scheme account;
Bringing your KiwiSaver savings to HOSTPLUS
• y ou have provided the KiwiSaver scheme’s name and
HOSTPLUS is not required, by law, to accept money from a
account number into which your super benefit is to be
KiwiSaver scheme.
paid; and
That is, it is voluntary for providers of Superannuation
• the KiwiSaver scheme provider has confirmed they will
products to accept transferred retirement savings from
accept the payment.
New Zealand. This applies to funds receiving a New Zealand
sourced amount directly from a KiwiSaver scheme, as well
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as to funds receiving a rollover from another complying
superannuation fund with New Zealand sourced amounts ! Important: Australian-sourced retirement savings
within it. held in KiwiSaver schemes:
If, in the future, HOSTPLUS decides to accept amounts • may not be withdrawn to purchase a first home;
from a KiwiSaver scheme we will communicate it to
all members. • may only be accessed when you reach age
60 and satisfy the Australian definition of
retirement at that age; and
• may not be transferred to a third country.How to transfer your benefit – step by step guide
Please follow the steps below if requesting a transfer of your (a) Proof of identity
HOSTPLUS account balance to a KiwiSaver scheme:
In order to prove your identity, the documents you provide
must be certified.
Step 1: Complete the application form
How to certify documents
Please contact our service centre on +61 (3) 9624 7370
between 8am – 8pm A.E.S.T. and request the form to To certify a document, please take the original identification
transfer your HOSTPLUS account balance to the applicable document and a photocopy of both sides of the original
KiwiSaver scheme. Once you have received the form please document to an authorised person.
make sure you complete all mandatory fields. If your form is The authorised person must:
incomplete, we may not be able to process your request.
• w
rite in English on the photocopies: ‘This is a true and
correct copy of the original’ and
Step 2: Provide supporting documentation
• w
rite their name, address, occupation, date and
To transfer your HOSTPLUS account to your KiwiSaver registration number (if applicable) and sign each page.
account, you’ll need to provide the following documents:
a) Proof of identity
! Please note: Certified photocopies need to be
b) Proof of residence in New Zealand
clear and legible. Certified documents that have
c) A signed Australian or New Zealand Statutory Declaration been faxed or photocopied cannot be accepted.
stating you have permanently emigrated to New Zealand We are unable to accept certification on the
We’ve included some important information below to help reverse side of the photocopied document.
you complete each of these steps.
5
Who can certify your original proof of identity document
in New Zealand?
You can get your documents certified by any of the following:
• A
ustralian Consular Officer or Australian Diplomatic Officer
(within the meaning of the Consular Fees Act 1955)
• Judge of a court in an overseas jurisdiction
• Notary Public
• Police officer of an overseas force
• Registrar,
or Deputy Registrar, of a court in an overseas
jurisdiction
We also require evidence of the certifier’s status. For
example, for a Police Officer: details of their police
badge number.
What documents do I need for proof of identity?
A certified copy of a current driver’s licence or
current passport.(b) Proof of residence in New Zealand Step 3: After you’ve completed your
If the document you‘ve used to prove your identity (drivers application to HOSTPLUS
licence or passport) doesn’t have your current address on it, Once the appropriate form has been completed and the
you’ll need to provide a supporting document that includes correct information has been supplied; post the completed
your address. Examples include utility bills, council rate pack to:
notices or a bank statement.
Locked Bag 3
Carlton South, VIC 3053
(c) A signed Australian or New Zealand Australia
Statutory Declaration stating you have
If you require further assistance please call us on
permanently emigrated to New Zealand +61 (3) 9624 7370.
You’ll need to complete an Australian or New Zealand
statutory declaration stating you have permanently emigrated
to New Zealand.
Australian Statutory Declarations may be made before a
person who is able to witness Commonwealth statutory
declaration under the Australian Statutory Declarations
Act 1959 and Statutory Regulations 1993. This includes for
example a person who is currently licensed or registered
under a law to practice as a legal practitioner or pharmacist.
New Zealand Statutory Declarations may be made before a
6
person who is able to witness a declaration under the Oaths
and Declarations Act 1957 (New Zealand). This includes for
example a New Zealand Justice of Peace or New Zealand
Notary Public.Your checklist
I have consulted my financial/tax adviser to determine whether the
transfer of my Australian superannuation benefit is appropriate;
I have contacted HOSTPLUS and obtained my ‘Request to transfer
whole balance of superannuation benefits to KiwiSaver Scheme’ form
I have
completed the form and have sent it to HOSTPLUS;
I have
provided proof of identity, proof of residence in New Zealand
as well as an Australian or New Zealand Statutory Declaration that
has been witnessed by a person who is able to witness either
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statutory declarations;
I request and consent to the payment of the whole of my withdrawal
benefits to a KiwiSaver scheme;
I have opened a KiwiSaver scheme account;
I have given HOSTPLUS the KiwiSaver scheme’s name and account
number to which the benefits are to be paid; and
Ican confirm that the KiwiSaver scheme provider will accept
the payment.How to transfer your Super
to a KiwiSaver scheme
Postal address Phone 1300 HOSTPLUS
Locked Bag 3 (1300 467 875)
Carlton South VIC 3053 Fax 1800 HOSTPLUS
(1800 467 875)
Gold Coast
Visit hostplus.com.au
Shop 110/111
Email info@hostplus.com.au
Pacific Fair Shopping Centre
Hooker Boulevard
Broadbeach QLD 4218
The information contained in this document is general information only and
is current at 6 October 2014. This document does not and is not intended to
contain any recommendations, statements of opinion or advice. In any event,
the information in this document is general in nature and does not consider
any one or more of your objectives, financial situation or needs. Before acting
on this information, you should consider obtaining advice from a licensed,
financial adviser and consider the appropriateness of this information, having
regard to your particular investment needs, objectives and financial situation.
You should obtain a copy of the HOSTPLUS Product Disclosure Statement
(PDS) available at www.hostplus.com.au and consider the information
contained in the PDS before making any decision about whether to acquire
an interest in HOSTPLUS. Host-Plus Pty Limited ABN 79 008 634 704, AFSL
No. 244392, RSEL No. L0000093, MySuper No. 68657495890198, HOSTPLUS
Superannuation Fund ABN 68 657 495 890, RSE No. R1000054.
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