The Hugo Group

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Taxation (KiwiSaver, Student Loans, and Remedial Matters) Bill

Introduced on June 27. A tax omnibus bill mainly making administrative changes to KiwiSaver and student loans. Also extends the refundability of research and development tax credits. Completed first reading on July 23 and sent to the Finance and Expenditure Committee with just ACT opposed. Reported back on Dec 18 with a large number of changes including allowing the early pay out of KiwiSaver funds for those with congenital diseases, R&D credits, PIE tax treatment and student loan deductions. Second reading on March 4 and committee stage on March 11. Still opposed by National. Third reading on March 17 completed with no party opposing. Taxation (KiwiSaver, Student Loans, and Remedial Matters) Bill