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CW 29: Reinvested amounts from foreign superannuation schemes in Australia
or “Tax-free transfer between certain Australian super schemes in the same year”
You could also call this:

“ Moving Australian retirement savings to KiwiSaver without tax ”

If you’re a natural person (which means you’re a real human, not a company), you might have money in an Australian complying superannuation scheme. This is like a retirement savings account in Australia. If you take money out of this Australian account and put it into a KiwiSaver scheme in New Zealand in the same year, you don’t have to pay income tax on that money. KiwiSaver is New Zealand’s retirement savings system. This rule helps people who move their retirement savings from Australia to New Zealand.

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Next up: CW 30: Annuities from Crown Bank Accounts

or “Tax-free annuities granted by the Executive Council and paid from the Crown Bank Account”
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Part C Income
Exempt income

CW 29BAmounts from Australian complying superannuation schemes reinvested in KiwiSaver schemes

  1. An amount of income derived in an income year by a natural person from an Australian complying superannuation scheme is exempt income if, in the income year, it is contributed to a KiwiSaver scheme.

Notes
  • Section CW 29B: inserted, on , by section 13 of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).