This section of the law used to be about what happens when a superannuation fund becomes a foreign superannuation scheme. However, it has been removed from the law. As of 1 April 2011, this part no longer applies. The government decided to take it out of the Income Tax Act 2007. If you want to know more about why this change was made, you can look at section 12 of another law called the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512945.
CS 14: Superannuation fund becomes superannuation scheme, or
“This provision about superannuation funds changing to schemes was removed in 2011”
CS 16: Superannuation scheme becomes superannuation fund, or
“This provision about superannuation schemes changing to funds has been removed”
