WESTPAC KIWISAVER SCHEME FIRST HOME PURCHASE WITHDRAWAL

A helpful guide for
 first home buyers.
 Westpac KiwiSaver
 Scheme First
 Home Purchase
 Withdrawal

BT Funds Management (NZ) Limited is the scheme provider and Westpac New Zealand Limited
is the distributor of the Westpac KiwiSaver Scheme.
April 2015

Contents

2     Home Buyer's To Do List
4     Am I Eligible?
5     When Can I Apply?
6     How Do I Apply?
7     How Much Can I Withdraw?
7     When Will I Be Paid?
8     KiwiSaver HomeStart Grant
9     Frequently Asked Questions
11	
   Information For Solicitors and Conveyancing
   Practitioners
12	
   KiwiSaver First Home Purchase
   Withdrawal Form
16	
   Solicitor’s or Conveyancing Practitioner’s Letter

BT Funds Management (NZ) Limited is the scheme provider, and Westpac
New Zealand Limited is the distributor of the Westpac KiwiSaver Scheme.
The information in this brochure is based on information current at the time of writing
(April 2015) and sources Westpac believes to be accurate and reliable as at that date.
It is subject to changes to government policy and law, which may impact the Westpac
KiwiSaver Scheme from time to time (as referred to in the Westpac KiwiSaver Scheme
investment statement).
References to non-Westpac websites and material are provided for your convenience
and Westpac accepts no responsibility for the availability or content of such websites
or material.
The material in this brochure is provided for general information purposes only and is
not a recommendation or opinion in relation to the Westpac KiwiSaver Scheme. You
should not rely solely on the information in this brochure. We recommend that you
consult a Westpac Financial Adviser for advice in relation to the Westpac KiwiSaver
Scheme. Disclosure statements under the Financial Advisers Act are available on
request and free of charge from any Westpac Financial Adviser.
Investments made in the Westpac KiwiSaver Scheme do not represent bank deposits
or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac
New Zealand Limited or other members of the Westpac group of companies. They are
subject to investment and other risks, including possible delays in payment of
withdrawal amounts in some circumstances, and loss of investment value, including
principal invested. None of BT (as manager), any member of the Westpac group of
companies, NZGT (as trustee), or any director or nominee of any of those entities, or
any other person guarantees the Westpac KiwiSaver Scheme’s performance, returns
or repayment of capital.
KiwiSaver incentives are determined by government policy and legislation and may
change in the future.
You can obtain a copy of the Westpac KiwiSaver Scheme Investment Statement at
any Westpac branch or online at westpac.co.nz.

Home Buyer’s
To Do List

Found your dream home? You may
be able to withdraw some of your KiwiSaver
savings to put towards buying your first home.
Buying your first home is an exciting time in your life and we know
it can seem like a daunting process. This brochure provides helpful
information when applying for the Westpac KiwiSaver Scheme First
Home Purchase Withdrawal, including key steps, frequently asked
questions and timings, which we hope will make things easier.
We’ve also included a useful checklist below.

Your Westpac KiwiSaver Scheme First
Home Purchase Withdrawal Checklist
    Ensure you’re eligible. (See page 4)

   	Make sure the sale and purchase agreement on your new
     home is unconditional before you apply*.

   	
    Make sure you’re named as the purchaser and the sale and
    purchase agreement is signed by you (not by an agent).

   	Complete the enclosed application form. (See page 12).

   	Apply at least 10 business days before settlement (but
     after your agreement is unconditional). We will not pay
     out the money after settlement date. You may need to
     allow a further 5 business days if you wish to withdraw
     your member tax credits and you have been living out of
     New Zealand during the period in which you have been
     a KiwiSaver member.

   	
    Ensure your Solicitor or Conveyancing Practitioner knows what
    they need to do and what documents to provide. (See page 11).

   	
    Have your ID and proof of address certified, or remember to
    bring them to the branch when you're dropping off the form.

*Changes from 1 June 2015
From 1 June 2015 you will be able to make a withdrawal for
the purchase of a first home while your sale and purchase
agreement is conditional and before settlement has occurred.
Please contact us if you would like more information on
this option.

                                                                  2

Am I Eligible?

You may be eligible if you are a first home buyer
and you meet all of the following criteria:
–– You’ve been a KiwiSaver member or member of a complying
   superannuation fund for three years or more;
–– You have never made a withdrawal from a KiwiSaver scheme to
   purchase a home before;
–– The property is intended to be your main home;
–– The property is in New Zealand;
–– You have never owned a house or land before (limited exceptions
   regarding land holdings apply).
If you hold an estate in land as a certain type of trustee or the land
is held as a leasehold estate, you may still be eligible for a first home
purchase withdrawal. We recommend that you consult your legal
adviser to determine your eligibility.

Owned a property before?
If you’ve owned a property before, you may still be eligible
provided you:
–– Have never made a home purchase withdrawal from a KiwiSaver
   scheme, and
–– Are considered to be in the same financial position as a first
   home buyer. (Details can be found on the Housing New Zealand
   website, below.)
You can apply to Housing New Zealand to find out if you qualify for a
home purchase withdrawal as a previous home owner buyer. For full
details on eligibility and more information, visit hnzc.co.nz.

It's easy to check
Before you apply, make sure you understand the eligibility criteria and
what amount you may have available. If you’re a Westpac KiwiSaver
Scheme member you can:
–– ask us to check how long you’ve been a KiwiSaver member for to
   ensure you are eligible; and
–– ask us for a balance estimate so you understand what amount
   might be available to withdraw.
You can call us on 0508 972 254 between 8.30am and 5.30pm
Monday to Friday, or +64 9 367 3317 if calling from outside
New Zealand.

                                                                            4

When Can I Apply?

You must apply:
– Only after the sale and purchase agreement is unconditional*; and
– At least ten business days before the settlement date.
–	You may need to allow a further 5 business days if you wish to
   withdraw your member tax credits and you have been living out
   of New Zealand during the period in which you have been a
   KiwiSaver member.
We will not make payment after settlement date, so you’ll need
to ensure there’s enough time between the date that the sale and
purchase agreement goes unconditional, and the settlement date.

Already have a conditional approval for
a first home withdrawal?
Sometimes lenders ask our members to seek conditional approval of
a home purchase withdrawal. This is not the same as final approval –
even if you’ve received conditional approval for a withdrawal, you’ll still
need to follow the steps listed on the next page in order to apply.

* See page 2 for more details on changes coming 1 June 2015.

5

How Do I Apply?

Once the sale is unconditional*, you’ll need to
complete the enclosed Westpac KiwiSaver Scheme
First Home Purchase Withdrawal Form.
When sending the completed form to us, you’ll need to
include the following documentation and send it at least
ten business days before settlement date. We will not pay
out after settlement date. You may need to allow a further 5
business days if you wish to withdraw your member tax credits
and you have been living out of New Zealand during the period
in which you have been a KiwiSaver member.
– Suitable identification and proof of your address.
   -	If you're posting your application, you'll need to include original
      certified copies of your ID and proof of address. For your ID, this
      is usually either a certified copy of a New Zealand passport or
      New Zealand photo drivers licence and proof of address can
      include a rates, power or phone bill. For a full list of acceptable
      documents, please go to westpac.co.nz/AML
   -	If you’re returning your form to a Westpac branch, you can bring
       your ID and proof of address with you and have them verified by
       a member of the branch staff.
–	Your solicitor or conveyancing practitioner will need to complete the
   enclosed solicitor’s or conveyancing practitioner’s letter in full. We
   need to receive the original.
–	Your solicitor or conveyancing practitioner will also need to provide
   the following along with the fully completed letter:
   -	A copy of the sale and purchase agreement;
   -	A pre-printed bank deposit slip for your solicitor’s or
      conveyancing practitioner’s trust account.
–	If you’re a previous home owner buyer, you’ll also need to include
   confirmation from Housing New Zealand that you qualify.
Once you have completed your form and have all supporting
documentation, you can take it to any Westpac branch, or alternatively
post it to us at the following address:
Westpac KiwiSaver Scheme
PO Box 695
Wellington 6140

                                                                        6

How Much Can
I Withdraw?

If you’re eligible, you can withdraw all of your own
contributions, all of your employer’s contributions
and all of the Government's member tax credit
contributions, plus investment returns (if any).
You are unable to withdraw:
–	The $1,000 Government kick-start;
–	Any funds transferred to a KiwiSaver scheme from an Australian
   complying superannuation scheme.

When Will
I Be Paid?

If your application for a home purchase
withdrawal is successful, the money will be
deposited into your solicitor’s or conveyancing
practitioner’s trust account, to be paid directly
to the vendor on settlement date*.

* See page 2 for more details on changes coming 1 June 2015.

7

KiwiSaver
HomeStart Grant

As well as being able to withdraw money from
your Westpac KiwiSaver Scheme account towards
the purchase of your first home, you could also be
eligible for a KiwiSaver HomeStart Grant.
You can apply for this through Housing New Zealand if you are
18 years of age or over and have regularly contributed at least the
minimum contribution percentage to a KiwiSaver scheme for at least
three years.
You may only receive the Grant once. Previous property owners may
also be eligible for the Grant.
Eligibility for this Grant is assessed by Housing New Zealand. Income
and house price caps apply and may be subject to change by the
Government.
As the Grant is administered by Housing New Zealand, you'll need to
apply directly through them. Further details are available from
hnzc.co.nz or by calling 0508 935 266.

                                                                        8

Frequently Asked
Questions

Still have some questions? Here are a few FAQs we think will help. If
you have any other questions or would like some help, please call us
on 0508 972 254, between 8.30am and 5.30pm Monday to Friday, or
+64 9 367 3317 if calling from outside New Zealand.
Why do I need to send my application at least ten business
days before settlement date?
To ensure we have enough time to review your application pack, and get
in touch with you if we need more information. We will not pay out after
settlement date.
Why do I need to allow a further 5 business days if I want to
withdraw my member tax credits and have been living out
of New Zealand during the period in which I have been a
KiwiSaver member?
You are only eligible to receive member tax credits when you mainly live
in New Zealand. So the 5 business days allows for the extra time that
we may need to settle your eligible member tax credit entitlement with
Inland Revenue.
Can someone at a Westpac branch sign the statutory
declaration for me?
No. You’ll need to get an authorised person to witness a statutory
declaration. This could be a Justice of the Peace, Barrister or Solicitor of
the High Court, Notary Public, Registrar or Deputy Registrar of the High
Court or any District Council or a Member of Parliament.
Can I use the withdrawal as part of my deposit?
No. The withdrawal cannot be used as part of any deposit required to
be paid to the real estate agent when you sign a sale and purchase
agreement. It must only be used as part of the purchase price paid to the
vendor on settlement day. However, this is changing from 1 June 2015.
See page 2 for more details.
Can I use my KiwiSaver savings to help pay off my mortgage?
You are not able to use your KiwiSaver savings to reduce your mortgage.
You can only use this withdrawal towards the purchase of your first home.
What happens if the purchase falls through?
If the settlement is not completed by the due date (or any agreed
extended date), the funds must be repaid to your Westpac KiwiSaver
Scheme account.
Can I use the money withdrawn to buy a home that I plan on
renting out?
No. The home or land to be purchased must be intended to be your
principal place of residence.
What kind of home can I buy?
You can use the money to purchase a freehold, leasehold or stratum
estate (often related to units or apartments). This includes the purchase
of land you plan to build your first home on.
I already own land. Can I use the first home withdrawal to buy
materials to build a house on this land?
No. As a general rule you’re only eligible to withdraw your money if you
have never owned a house or land before. Some exceptions do apply
(such as holding an interest in Maori land or qualifying as a previous

9

home owner). For further details please visit the Housing New Zealand
website at hnzc.co.nz or contact them directly on 0508 935 266. Limited
exceptions regarding land holding also apply - see the next question.
What happens if I hold property as a trustee or the land is held
as a leasehold estate?
In these instances, we recommend that you consult your legal adviser
to determine your eligibility to make a home buyer’s withdrawal. Though
the general rule is that (unless you qualify as a previous home owner
buyer) you must never previously have owned a house or land, limited
exceptions regarding leasehold estates and holding land as a certain
type of trustee may apply.
Are there any income or house price caps that limit the amount
I am able to withdraw for my first home?
No - there are no income or house price limits for the withdrawal. Just
check the criteria to ensure you are eligible. There are however income
and house price restrictions on the Government’s KiwiSaver HomeStart
Grant - for further details visit the Housing New Zealand website at hnzc.
co.nz or contact them directly on 0508 935 266.
What happens to my Westpac KiwiSaver Scheme account after
I make a first home withdrawal?
After you’ve made a first home withdrawal, you’ll remain a Westpac
KiwiSaver Scheme member and your account will remain open. This
means you can keep making contributions as usual and continue to save
for retirement.
How do I transfer to the Westpac KiwiSaver Scheme?
If you’re a Westpac customer (18 years or over) and registered for Online
Banking, it’s easy to make the switch online. Just log on to Westpac
Online Banking and select ‘KiwiSaver account’ from the welcome/
account balances menu. You can also complete the application form in
the Westpac KiwiSaver Scheme Investment Statement, which you can
pick up from any Westpac branch, or download it from our website at
westpac.co.nz.
We will complete the transfer on your behalf. If you’re planning to buy
a home soon and you want to apply for a home purchase withdrawal,
please bear in mind that it can take up to 35 days to transfer between
KiwiSaver schemes.
If you would like advice about the Westpac KiwiSaver Scheme, call us on
0508 972 254 to speak with a Westpac Financial Adviser.
What if I’ve transferred from a UK pension scheme?
Before applying to make an early withdrawal of funds transferred from
a UK pension we strongly recommend that you seek independent tax
advice, as an early withdrawal could result in you incurring significant
penalty tax obligations in the UK. We are required to report all withdrawals
(for up to ten years from the transfer date of your UK pension) to the UK tax
authorities if you have received a UK pension into your KiwiSaver account.
What if I’ve transferred from an Australian complying
superannuation scheme?
You won’t be able to withdraw any funds transferred from an Australian
complying superannuation scheme to put towards a first home purchase
withdrawal.
What if I’ve been involved in an insolvency procedure?
If you are subject to or have been discharged from an insolvency
procedure such as bankruptcy or a No Asset Procedure, you may not be
able to withdraw the full amount. We will need to check with the Official
Assignee whether they have an interest in your funds and what their
requirements are. We will confirm this with you, before proceeding with
your application.
* See page 2 for more details on changes coming 1 June 2015.
                                                                          10

Information for Solicitors
and Conveyancing
Practitioners

To make a first home purchase withdrawal, KiwiSaver members
must apply after the sale becomes unconditional*, and before the
settlement date. We can’t accept applications before the sale is
unconditional or make payments after the settlement date.
We need at least 10 business days prior to the settlement date to
process the completed application.
When we receive the completed application and if the member is
eligible, we’ll transfer the funds to your trust account for payment to
the vendor on settlement date.
Here’s what you can do to ensure your client’s application is
processed as quickly as possible:
-	Ensure that they are specifically named as purchaser on the sale
   and purchase agreement
-	Complete the solicitor’s or conveyancing practitioner’s letter in full
   and in the prescribed form (see page 16) including:
     -	confirmation that the sale and purchase agreement does not
        stipulate “and/or nominee” or, if it does, confirmation that the
        member is a purchaser of the property in the sale and purchase
        agreement.
     -	an undertaking that the sale and purchase agreement has gone
        unconditional*.
     -	an undertaking that funds will be paid to the vendor as part of
        the purchase price or repaid if settlement does not occur.
	Please send us the original letter. All of the details in the enclosed
  letter are required for us to be able to process the application.
-	Be aware that conditional approval is not the same as final
   approval. Even if your client received conditional approval, they’ll
   still need to follow the application process.
-	Ensure that the completed application is received by us at least 10
   business days before settlement.
What you need to provide:
-	The original solicitor’s or conveyancing practitioner’s letter, fully
   completed, signed and dated;
-    A copy of the fully completed sale and purchase agreement;
-    A pre-printed bank deposit slip for your trust account.

* See page 2 for more details on changes coming 1 June 2015.

11

Westpac KiwiSaver Scheme
                       First Home Purchase Withdrawal Form                                                                                 BT Funds Management (NZ) Limited is the
                                                                                                                                           scheme provider and Westpac New Zealand
                                                                                                                                           Limited is the distributor of the Westpac
                       April 2015                                                                                                          KiwiSaver Scheme.

Use this form to apply for a withdrawal from the Westpac KiwiSaver Scheme where you have been a member of a KiwiSaver scheme for at least 3 years
and you have not already made a home purchase withdrawal from this or any other KiwiSaver scheme.
Please note that any first home purchase withdrawal of Westpac KiwiSaver Scheme savings is subject to approval and that the withdrawal may exclude
the amount of the Government’s kick-start contribution and any Australian-sourced Funds. Any approved withdrawal amount must be used as part of the
purchase price on settlement day.

     IMPORTANT
     Before sending us the form please check you:
           are you fully aware of the requirements you must meet in order to qualify for this withdrawal (see declarations in section F of this form);
           have completed all sections of this form including the statutory declaration;
           attach your Solicitor’s or Conveyancing Practitioner’s letter with the required undertakings;
           attach your Solicitor’s or Conveyancing Practitioner’s pre-printed bank deposit slip;
           attach a copy of the Sale and Purchase agreement under which you are named as the purchaser;
           attach confirmation from Housing New Zealand that you qualify as a second-chance home buyer (if applicable);
           attach a certified copy of evidence of address (for a full list of acceptable documents, please go to www.westpac.co.nz/AML), and
           attach a certified copy of acceptable identity verification documents. This is usually by way of either a certified copy of a New Zealand passport or
            New Zealand photo drivers licence. For a full list of acceptable documents, please go to www.westpac.co.nz/AML.
     Your completed application form and all supporting documentation must be received when the sale and purchase agreement is
     unconditional and at least 10 business days prior to the settlement date. Please note, if you are applying to withdraw your Member Tax
     Credits you may need to allow a further 5 business days (in addition to the usual 10 business days) for us to process your withdrawal.
     We cannot pay out after settlement.

A: Your Details
Westpac KiwiSaver Scheme member number
                                                                                       Best time to contact you HOME AM/PM		                              WORK AM/PM
 K     S

     Mr.        Mrs.       Miss.    Ms.       Other (please specify)                   Email Address

 Given name(s)                                                                         OCCUPATION

 Surname
                                                                                     IRD number

                                                                                     Prescribed Investor Rate (PIR*)             10.5%          17.5%      28%
 Date of birth DAY / MONTH / YEAR
                                                                                     *Refer to Inland Revenue (www.ird.govt.nz) to determine your PIR.

 Physical address NUMBER & STREET
                                                                                     Please complete the following if you would like all future KiwiSaver correspondence
                                                                                     sent to the address of your new home.
 SUBURB				                                                                                 I would like all future correspondence sent to the address below from

 TOWN/CITY 				POSTCODE                                                                Date DAY / MONTH / YEAR

 Postal address BOX NUMBER                                                             NUMBER & STREET / BOX NUMBER

 SUBURB				                                                                            SUBURB

 TOWN/CITY 				POSTCODE                                                                TOWN/CITY 				POSTCODE

 Phone HOME

 BUSINESS

 MOBILE

                                                                                                                                                                              1 of 4

B: Your Withdrawal Request
Type of withdrawal (please tick one):
     First Home Purchase Withdrawal this applies to members who have not held an estate in land before (whether alone or jointly with another person) subject to limited exceptions.
or
     Previous Home Owner Buyer Withdrawal this applies to members who have held an estate in land before. If you are applying for a previous home owner buyer withdrawal
      you will need to attach confirmation from Housing New Zealand that your financial position (in terms of income, assets and liabilities) is what would be expected of a person
      that has never held an estate in land (whether alone or jointly with another person). For more information or the necessary form, please contact Housing New Zealand on 0508
      935 266 or visit its website www.hnzc.co.nz.

C: Payment Details
How much money do you need* (please tick one)?                   Partial withdrawal of       $                                        or       All available funds

Any partial withdrawals will be deducted proportionally according to your most recent investment strategy (the way in which your current or most recent contributions are allocated).
Once you’ve made a withdrawal from your Westpac KiwiSaver Scheme account to buy your first home, you’ll remain a Westpac KiwiSaver Scheme member. You can keep making
contributions as usual and continue to save for your retirement.
*This may be an amount up to the value of your Westpac KiwiSaver Scheme account, less the Government’s kick-start contribution and any Australian-sourced Funds – please call
us on 0508 972 254 if you are unsure what those amounts are.
Please note if you were not resident in New Zealand for any period while you have been a KiwiSaver member, some of your Member Tax Credits (if permitted to be withdrawn) may
need to be refunded to Inland Revenue. This means additional time of up to 5 business days (in addition to the usual 10 business days) may be required to process your application.
If you have transferred from a UK pension scheme, we strongly recommend you seek independent tax advice before applying to make an early withdrawal as it
could result in tax obligations in the UK.

D: Solicitor or Conveyancing Practitioner details

 Solicitor’s or Conveyancing Practitioner’s name PLEASE PRINT

 Company name

 Address NUMBER & STREET / BOX NUMBER

 SUBURB						TOWN/CITY						POSTCODE

 Phone Number					Fax Number

E: Privacy Statement
The personal information which you provide in (or in connection with) this form will be held securely by BT Funds Management (NZ) Limited (Manager) and/or the New Zealand
Guardian Trust Company Limited (Trustee), at the address of Trustees Executors Limited, the registry provider, and may be disclosed to Westpac Banking Corporation ABN 33 007
457 141 (Westpac), Westpac New Zealand Limited (Westpac NZ) and any other entity that is involved in the administration and management of the Westpac KiwiSaver Scheme
(including Inland Revenue and any regulatory body). You have the right to access and correct this information subject to the provisions of the Privacy Act 1993. This information will
be used now and in the future to provide you with information on the full range of financial services offered by Westpac NZ and/or any entity within the Westpac group, and may
be used to update any other information about you held by any member of the Westpac group.

F: Statutory Declaration

 I NAME

 of ADDRESS								and OCCUPATION

solemnly and sincerely declare that:
• I have read the Privacy Statement in Part E of this form and all the information               •   I understand that acceptance of my application for a home purchase withdrawal
   provided in this form (and any included materials) is true and correct; and                       is subject to the Manager of the Westpac KiwiSaver Scheme receiving (in a form
• I have been a member of a KiwiSaver scheme for 3 or more years; and                                acceptable to the Manager) a solicitor’s or conveyancing practitioner’s letter:
• I have never made a withdrawal from a KiwiSaver scheme (whether this Scheme or                     –– enclosing the solicitor’s or conveyancing practitioner’s pre-printed bank deposit
   any Scheme to which I previously belonged) for a home purchase; and                                   slip and a copy of a sale and purchase agreement under which I am a purchaser;
• The property I purchase in connection with this application is intended to be my                       and
   principal place of residence; and                                                                 –– containing undertakings to the effect that:
• I have not previously owned an estate in land, or I attach written confirmation from                   i. the vendor and purchaser are unconditionally obliged to settle the sale and
   Housing New Zealand stating that it is satisfied my financial position (in terms of                        purchase; and
   income, assets and liabilities) is what would be expected of a person who has never                   ii. any funds received pursuant to this application will be paid to the vendor
   held an estate in land (either alone or jointly with another person); and                                  as part of the purchase price (or, if the sale does not settle, returned to the
• I understand that should the information given be incomplete or incorrect, the                              Westpac KiwiSaver Scheme with no deductions or disbursements).
   Manager of the Westpac KiwiSaver Scheme will not be able to complete its                      •   I understand that my withdrawal value might fluctuate based on the unit price(s)
   assessment of my application for a home purchase withdrawal. I agree that the                     applying at the date when the withdrawal is processed and will be adjusted for any
   Manager may approach the solicitor or conveyancing practitioner named above to                    tax liability, fees and expenses.
   obtain such further information as may be reasonably required in connection with
   this application, and I hereby authorise that solicitor or conveyancing practitioner to
   provide such further information.

                                                                                                                                                                                     2 of 4

F: Statutory Declaration continued
Member Tax Credit declaration, please tick one:
   during the period I have been a member of KiwiSaver up to my date of eligibility to withdraw, New Zealand has been my principal place
   of residence; or
  during the period I have been a member of KiwiSaver up to my date of eligibility to withdraw, New Zealand has been my principal place
   of residence except for the periods specified below (Note: do not include overseas holidays here. Only include periods of non-residence
   in New Zealand):
Start Date                                  End Date                                        Start Date                                 End Date
 DAY / MONTH / YEAR                          DAY / MONTH / YEAR                              DAY / MONTH / YEAR                         DAY / MONTH / YEAR

 DAY / MONTH / YEAR                          DAY / MONTH / YEAR                              DAY / MONTH / YEAR                         DAY / MONTH / YEAR

 DAY / MONTH / YEAR                          DAY / MONTH / YEAR                              DAY / MONTH / YEAR                         DAY / MONTH / YEAR

And I make this solemn declaration conscientiously believing the same to be true and by virtue of the Oaths and Declarations Act 1957.

 Your signature										Date DAY / MONTH / YEAR

 Declared at PLACE

Before me (signature and name of the authorised person in front of whom the declaration is made. This can be a JP, solicitors, Notary Public, a Registrar or Deputy Registrar of
the District Court or the High Court or other person authorised to take a Statutory Declaration in Accordance with the Oaths and Declaration Act 1957.)

 Signature of Witness							Date DAY / MONTH / YEAR
                                                                                                                                                        STAMP

 Name of Witness

Please return the completed form to: Westpac KiwiSaver Scheme, PO Box 695, Wellington 6140.
Please call us on 0508 972 254 between 8.30am and 5.30pm, Monday to Friday if you need any help.

                                                                                                                                                                           3 of 4

Solicitor’s or Conveyancing Practitioner’s Letter
To: The Manager of the Westpac KiwiSaver Scheme (the Scheme)

 Re: MEMBERS NAME                                                                                                               (the Member)

We refer to the Member’s application for a home purchase withdrawal from the Scheme (the Application), which relates to the purchase of

 INSERT DETAILS OF PROPERTY

 INSERT DETAILS OF PROPERTY                                                                                                     (the Property)

 The settlement date for the purchase of the Property is DAY / MONTH / YEAR

Documents
We enclose copies of the following:

1.    the agreement for sale and purchase of the Property with

       VENDOR NAME 								(the vendor) dated DAY / MONTH / YEAR

2.    our pre-printed bank deposit slip.
We confirm that we act for the Member, who is to purchase the Property under the Agreement.

Confirmation
We confirm to you that: (select applicable option)

     The sale and purchase agreement does not stipulate “and/or nominee”;
or
     The sale and purchase agreement does stipulate “and/or nominee” and the Member is a purchaser of the property in the sale and
     purchase agreement.

Undertaking
We undertake to you that:
1. as at the date of this letter any conditions to the Agreement are fulfilled or waived and the Vendor and the Purchaser(s) are unconditionally
   obliged to settle; and
2. any funds received by us pursuant to the Application (the Funds) will be paid to the Vendor as part of the purchase price; or
3. if settlement under the Agreement is not completed by the due date in the Agreement or any agreed extended date, the Funds will be
   repaid to you as soon as practicable on account of the Member with no deductions or disbursements.
I confirm that I hold a current Practising Certificate issued pursuant to the Lawyers and Conveyancers Act 2006.

 Dated DAY / MONTH / YEAR

 Name of Firm

 Signature of Partner/Principal

 Name of Partner/Principal
                                                                                                                                                    72835WP-6 04-15

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Westpac New Zealand Limited.   72835WP-6 04-15