The Compliance costs of the Kiwisaver Scheme

Sue Yong; Noel Cox

The Compliance costs of the Kiwisaver Scheme

Sue Yong
, Noel Cox

Department of Law & Criminology

Research output: Chapter in Book/Report/Conference proceeding › Conference Proceeding (ISBN)

Abstract

The New Zealand KiwiSaver scheme is a work-based retirement scheme, anindividualised savings account managed by the private investment providers.KiwiSaver will cost taxpayers an estimated $3 billion over four years beginning 1July 2007. The cost includes hiring of additional Inland Revenue Department (IRD)staff, and administration and financial incentives granted to employees andemployers. Employers, IRD and the investment providers will absorb the increasedongoing administration costs. The long-term survival of the scheme is dependent onthe costs of the scheme, for taxpayers, Government, employees and employers, beingmanageable.

Original language	English
Title of host publication	Accounting and Finance Association of Australia and New Zealand/International Association for Accounting Education and Research Conference 2008
Place of Publication	Sydney
Publication status	Published - 31 Aug 2008

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title = "The Compliance costs of the Kiwisaver Scheme",

abstract = "The New Zealand KiwiSaver scheme is a work-based retirement scheme, anindividualised savings account managed by the private investment providers.KiwiSaver will cost taxpayers an estimated \$3 billion over four years beginning 1July 2007. The cost includes hiring of additional Inland Revenue Department (IRD)staff, and administration and financial incentives granted to employees andemployers. Employers, IRD and the investment providers will absorb the increasedongoing administration costs. The long-term survival of the scheme is dependent onthe costs of the scheme, for taxpayers, Government, employees and employers, beingmanageable.",

author = "Sue Yong and Noel Cox",

note = "Cox, N., Yong, S. (2008). The Compliance costs of the Kiwisaver Scheme. In: Accounting and Finance Association of Australia and New Zealand/International Association for Accounting Education and Research Conference 2008. Sydney.",

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N2 - The New Zealand KiwiSaver scheme is a work-based retirement scheme, anindividualised savings account managed by the private investment providers.KiwiSaver will cost taxpayers an estimated $3 billion over four years beginning 1July 2007. The cost includes hiring of additional Inland Revenue Department (IRD)staff, and administration and financial incentives granted to employees andemployers. Employers, IRD and the investment providers will absorb the increasedongoing administration costs. The long-term survival of the scheme is dependent onthe costs of the scheme, for taxpayers, Government, employees and employers, beingmanageable.

AB - The New Zealand KiwiSaver scheme is a work-based retirement scheme, anindividualised savings account managed by the private investment providers.KiwiSaver will cost taxpayers an estimated $3 billion over four years beginning 1July 2007. The cost includes hiring of additional Inland Revenue Department (IRD)staff, and administration and financial incentives granted to employees andemployers. Employers, IRD and the investment providers will absorb the increasedongoing administration costs. The long-term survival of the scheme is dependent onthe costs of the scheme, for taxpayers, Government, employees and employers, beingmanageable.

UR - http://hdl.handle.net/2160/9745

M3 - Conference Proceeding (ISBN)

BT - Accounting and Finance Association of Australia and New Zealand/International Association for Accounting Education and Research Conference 2008

CY - Sydney

ER -

The Compliance costs of the Kiwisaver Scheme

Abstract

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