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Commerce Minister Simon Power today announced relief for earthquake-affected Cantabrians who have KiwiSaver accounts by making it easier for them to withdraw their contribution.

“Apart from the obvious physical and emotional damage, February’s earthquake has seen many people suffer financially,” Mr Power said.

“The Government was concerned that some people may have been unable to make an early withdrawal of their KiwiSaver contributions under the significant financial hardship rules of the KiwiSaver regime.

  • Simon Power
  • Commerce
  • Earthquake Recovery

Financial advisers affected by February’s earthquake will have more time to fully comply with the financial adviser regime, Cabinet has decided.

Commerce Minister Simon Power said new regulations made under the Canterbury Earthquake Response and Recovery Act will provide relief for advisers who have their place of business in the Canterbury region.

  • Simon Power
  • Commerce
  • Earthquake Recovery