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Glossary of terms

Term	Definition
AMP Capital	means AMP Capital Investors (New Zealand) Limited.
Classic	means the Investment Option that gives members access to one of three multi-sector Funds or our single-sector Cash Fund. See “The Kiwibank KiwiSaver Scheme - Classic” on page 9 of the Investment Statement for Kiwibank KiwiSaver Scheme (PDF 2.5 MB) for more information.
Complying Superannuation Fund	has the same meaning as in the KiwiSaver Act.
Fund	means an investment fund established in the Kiwibank KiwiSaver Scheme.
Government kick-start	means the one-off contribution made by the Government when you enrol in your first KiwiSaver scheme. Further information is set out under the heading “Government kick-start” on page 23 of the Investment Statement for Kiwibank KiwiSaver Scheme (PDF 2.5 MB).
Investment Option	means either Classic or Self Managed as the context requires, and Investment Options means both Classic and Self Managed.
Kiwibank	means Kiwibank Limited.
Kiwibank KiwiSaver	means the Kiwibank KiwiSaver Scheme, established pursuant to the Trust Deed.
KiwiSaver Act	means the KiwiSaver Act 2006, as amended from time to time.
KiwiSaver Regulations	means the KiwiSaver Regulations 2006, as amended from time to time.
Manager	means Kiwibank Investment Management Limited, the manager of the Kiwibank KiwiSaver Scheme.
Member Tax Credit	means a contribution from the Government matching your contributions to the Kiwibank KiwiSaver Scheme and/or a Complying Superannuation Fund. Further information is set out under the heading “Member Tax Credits” on page 23 of the Investment Statement for Kiwibank KiwiSaver Scheme (PDF 2.5 MB).
New Zealand Post Group	means New Zealand Post Limited and all its subsidiaries.
PIE	means portfolio investment entity as defined in the Income Tax Act. See “Tax summary” on pages 29 to 30 of the Investment Statement for Kiwibank KiwiSaver Scheme (PDF 2.5 MB) for more information.
PIR	means prescribed investor rate as defined under the Income Tax Act 2007. See “Tax summary” on pages 29 to 30 of the Investment Statement for Kiwibank KiwiSaver Scheme (PDF 2.5 MB) for more information.
QROPS	means Qualifying Recognised Overseas Pension Scheme.
Qualifying Date	means the date when you reach the standard qualifying age for New Zealand superannuation (currently 65) or the date, if later, when: you’ve been a member of a KiwiSaver scheme for five years; or you’ve been a member of one or more Complying Superannuation Funds (on a locked-in basis) and KiwiSaver schemes for five years.
Self Managed	means the Investment Option that gives members access to six single-sector Funds.
Trust Deed	means the trust deed for the Kiwibank KiwiSaver Scheme dated 10 February 2010, and any Establishment Deed for any Fund, as amended from time to time. See “The Kiwibank KiwiSaver Scheme - Self Managed” on page 14 of the Investment Statement for Kiwibank KiwiSaver Scheme (PDF 2.5 MB) for more information.
Trustee	means Trustees Executors Superannuation Limited, as the trustee of the Kiwibank KiwiSaver Scheme. All terms defined in the Trust Deed (which are not separately defined in the investment statement) shall have the same meanings where used in the investment statement, unless the context otherwise requires.

Conditions

A disclosure statement required by law is available, free of charge, from your Kiwibank Wealth Adviser or on request by calling 0800 529 325. The Kiwibank KiwiSaver Scheme, the issuer of which is Trustees Executors Superannuation Limited and the promoters of which are Kiwibank Investment Management Limited, Kiwibank Limited and their directors. Units in the Kiwibank KiwiSaver Scheme do not represent deposits or other liabilities of Kiwibank Limited. Download the Investment Statement for the Kiwibank KiwiSaver Scheme (PDF 2.5 MB) or pick up a copy from your local Kiwibank.