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KiwiSaver
KiwiSaver is a New Zealand savings scheme which has been operating since 2 July 2007. Participants can normally access their KiwiSaver funds only after the age of 65, but can withdraw them earlier in certain limited circumstances, for example if undergoing significant financial hardship or to use as a deposit for a first home. A policy initiative of the Fifth Labour Government of New Zealand (in office 1999–2008), KiwiSaver is governed by various Acts of Parliament, including the KiwiSaver Act 2006 (passed in September 2006). As at 31 March 2023, the Financial Markets Authority (NZ) reports $93.7 billion in assets is managed by KiwiSaver providers. Basic operation Anyone who is entitled to live in New Zealand indefinitely and who normally lives in New Zealand is entitled to join KiwiSaver. Those under 18 require parental consent to join. Employee participants can choose to contribute 3%, 4%, 6%, 8% or 10% of their gross pay, and can switch rates three months after settin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Superannuation In Australia
Superannuation in Australia, or "super", is a savings system for workplace pensions in retirement. It involves money earned by an employee being placed into an investment fund to be made legally available to members upon retirement. Employers make compulsory payments to these funds at a proportion of their employee's wages. Currently set at 11.5%, from 1 July 2025, the mandatory minimum "guarantee" contribution is 12%. The superannuation guarantee was introduced by the Hawke government to promote self-funded retirement savings, reducing reliance on a publicly funded pension system. Legislation to support the introduction of the superannuation guarantee was passed by the Keating Government in 1992. Contributions to superannuation accounts are subject to a concessional income tax rate of 15%. This means that for most Australians, the tax on their earned income sent to a superannuation account is less than the income tax on earned income sent to their bank account. Australians c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labour Party Of New Zealand
The New Zealand Labour Party, also known simply as Labour (), is a Centre-left politics, centre-left political party in New Zealand. The party's platform programme describes its founding principle as democratic socialism, while observers describe Labour as social democracy, social democratic and pragmatic in practice. The party participates in the international Progressive Alliance. It is one of two Major party, major political parties in New Zealand, alongside its traditional rival, the New Zealand National Party, National Party. The New Zealand Labour Party formed in 1916 out of various Socialism in New Zealand, socialist parties and trade unions. It is the country's oldest political party still in existence. Alongside the National Party, Labour has alternated in leading List of New Zealand governments, governments of New Zealand since the 1930s. , there have been six periods of Labour government under 11 Labour List of prime ministers of New Zealand, prime ministers. The part ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fifth National Government Of New Zealand
The Fifth National Government of New Zealand was the government of New Zealand for three parliamentary terms from 19 November 2008 to 26 October 2017. John Key served as National Leader and prime minister until December 2016, after which Bill English assumed the premiership until the National Government's defeat following the October 2017 government-forming negotiations. After the 2008 general election the National Party and its allies were able to form a government, taking over from Helen Clark's Fifth Labour Government. It was subsequently reformed after the 2011 general election with a reduced number of seats, and after the 2014 general election with a reduced share of the party vote but the same number of seats. The Government had confidence and supply agreements with the following parties: ACT, United Future, and the Māori Party – which gave the Government a majority on major legislation. The National Party also signed a memorandum of understanding with the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Helen Clark
Helen Elizabeth Clark (born 26 February 1950) is a New Zealand politician who served as the 37th prime minister of New Zealand from 1999 to 2008 and was the administrator of the United Nations Development Programme from 2009 to 2017. She was New Zealand's List of Prime Ministers of New Zealand by time in office, fifth-longest-serving prime minister, and the second woman to hold that office. Clark was brought up on a farm outside Hamilton, New Zealand, Hamilton. She entered the University of Auckland in 1968 to study politics and became active in the New Zealand Labour Party. After graduating she lectured in political studies at the university. Clark entered local politics in 1974 in Auckland but was not elected to any position. Following one unsuccessful attempt, she was elected to New Zealand Parliament, Parliament in as the member for Mount Albert (New Zealand electorate), Mount Albert, an New Zealand electorates, electorate she represented until 2009. Clark held numerous ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pension
A pension (; ) is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be either a " defined benefit plan", where defined periodic payments are made in retirement and the sponsor of the scheme (e.g. the employer) must make further payments into the fund if necessary to support these defined retirement payments, or a " defined contribution plan", under which defined amounts are paid in during working life, and the retirement payments are whatever can be afforded from the fund. Pensions should not be confused with severance pay; the former is usually paid in regular amounts for life after retirement, while the latter is typically paid as a fixed amount after involuntary termination of employment before retirement. The terms " retirement plan" and " superannuation" tend to refer to a pension granted upon retirement of the individual; the terminolog ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fifth Labour Government Of New Zealand
The Fifth Labour Government of New Zealand was the List of New Zealand governments, government of New Zealand from 10 December 1999 to 19 November 2008. New Zealand Labour Party, Labour Party leader Helen Clark negotiated a coalition with Jim Anderton, leader of the Alliance (New Zealand political party), Alliance Party. Overview The previous government, the Fourth National Government of New Zealand, fourth National government, had been in power since 1990. It was widely unpopular by 1999, with much of the public antagonised by a series of free-market economic reforms, and was bedevilled by weakness and instability. In the 1999 general election, the Helen Clark-led New Zealand Labour Party, Labour Party defeated the National Party easily, becoming the largest single party in the New Zealand House of Representatives, House of Representatives. Labour formed a minority government, minority coalition government with the left-leaning Alliance (New Zealand political party), Alliance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Markets Authority (New Zealand)
The Financial Markets Authority (FMA, Maori:Te Mana Tātai Hokohoko) is a New Zealand government agency responsible for financial regulation. It is responsible for regulating all financial market participants, exchanges and the setting and enforcing of financial regulations. History The authority was established on 1 May 2011 as part of the ''Financial Markets (Regulators and KiwiSaver) Bill'' which was passed by the New Zealand parliament on the 7 April 2011. It was established in a wake of criticism over its predecessor, the Securities Commision, being unable to halt the failure of a large number of finance companies and to stem investor losses in the period between 2006 and 2010. It was introduced by Commerce Minister Simon Power, with him saying "This move is at the centre of the Government's drive to restore the confidence of mum and dad investors in our financial markets." Structure The FMA is controlled by a board appointed by the Minister of Commerce and run by chi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NZPA
The New Zealand Press Association (NZPA) was a news agency that existed from 1879 to 2011 and provided national and international news to the media of New Zealand. The largest news agency in the country, it was founded as the United Press Association in 1879, and became the New Zealand Press Association in 1942. Following Fairfax New Zealand's withdrawal from NZPA in April 2011, NZPA told staff that it would be wound up over the next four to six months, and ceased operation on 31 August 2011. NZPA was superseded by three new services, all Australian-owned: APNZ (on-going), Fairfax New Zealand News (on-going as Stuff), and NZ Newswire (folded in April 2018). History Daily and Sunday newspapers owned by APN News & Media, Fairfax New Zealand, Allied Press, Ashburton Guardian, The Gisborne Herald, The Wairoa Star Ltd, Whakatane Beacon and the Westport News were members of NZPA. Until January 2006, member newspapers were obliged by contract to supply their home town news cop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuclear Weapons
A nuclear weapon is an explosive device that derives its destructive force from nuclear reactions, either nuclear fission, fission (fission or atomic bomb) or a combination of fission and nuclear fusion, fusion reactions (thermonuclear weapon), producing a nuclear explosion. Both bomb types release large quantities of energy from relatively small amounts of matter. Nuclear bombs have had Nuclear weapon yield, yields between 10 tons (the W54) and 50 megatons for the Tsar Bomba (see TNT equivalent). Yields in the low kilotons can devastate cities. A thermonuclear weapon weighing as little as can release energy equal to more than 1.2 megatons of TNT (5.0 Petajoule, PJ). Apart from the blast, Effects of nuclear explosions, effects of nuclear weapons include Firestorm, firestorms, extreme Thermal radiation, heat and ionizing radiation, radioactive nuclear fallout, an Nuclear electromagnetic pulse, electromagnetic pulse, and a radar blackout. The first nuclear weapons were deve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Key
Sir John Phillip Key (born 9 August 1961) is a New Zealand retired politician who served as the 38th prime minister of New Zealand from 2008 to 2016 and as leader of the National Party from 2006 to 2016. Following his father's death when he was eight, Key was raised by his single mother in a state-house in the Christchurch suburb of Bryndwr. He attended the University of Canterbury and graduated in 1981 with a Bachelor of Commerce. He began a career in the foreign exchange market in New Zealand before moving overseas to work for Merrill Lynch, in which he became head of global foreign exchange in 1995, a position he would hold for six years. In 1999 he was appointed a member of the Foreign Exchange Committee of the Federal Reserve Bank of New York until leaving in 2001. Key entered the New Zealand Parliament representing the Auckland electorate of Helensville as one of the few new National members of parliament in the election of 2002 following National's significant de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Business Review
''National Business Review'' (or ''NBR'') is one of New Zealand's business news publishing websites. The NBR has focused on delivering breaking business news and analysis since its founding in 1970. NBR is known for its independent journalism for NZ’s economy, providing expert analysis on finance and politics alongside in-depth coverage of investment, tech, Te Ao Māori, primary industries and Australian business coverage. In 2020, the publication shifted to become a digital-first publication for NZ business leaders, offering trusted insights into the Aotearoa New Zealand's economic landscape. The business news publication has won numerous awards in journalism and reporting. It has journalists in Auckland, Wellington, Canberra and Sydney Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
