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Retirement Commission > About Us > NZ Superannuation and Retirement Income Act

NZ Superannuation and Retirement Income Act

The Commissioner's statutory functions are specified in the NZ Superannuation and Retirement Income Act 2001:

1. To develop and promote methods of improving the effectiveness of the retirement income policies from time to time implemented by the Government in New Zealand, which function shall include promoting education about retirement income issues and publishing information about such issues.
   
   
2. To monitor the effects of retirement income policies that are being implemented in New Zealand.
    
3. To advise the Minister of the tasks that need to be undertaken, and the information that needs to be collected, to enable the preparation of each periodic report under Section 22 of this Act and to monitor the undertaking of those tasks.
   
   
4. To advise on retirement income issues, when requested to do so by the Minister.
   
   
5. To monitor the effectiveness of persons (whether referred to as ombudsman or by any other term) who have been appointed (other than under statutory authority) to consider complaints and disputes about savings and investments; and to consider any issues addressed to the Retirement Commissioner by any such person and, if appropriate, to make recommendations to any person.
   
   
6. To collect and publish information for the purpose of enabling the fulfilment of any of the functions referred to in this section.
   
   
7. To perform such other functions as are conferred on the Retirement Commissioner by this Act or any other enactment.