(1) This subclause applies to the following items if paid or made on or after 1 May 2008 in respect of a person as a member of a KiwiSaver scheme or specified non-KiwiSaver scheme:
(a) employer contributions and any Crown contribution; and
(b) fee subsidies; and
(c) credits for positive returns.
(2) However, subclause (1) applies in respect of a KiwiSaver scheme or specified non-KiwiSaver scheme only while a qualifying lock-in clause prevents the person, as a member of the scheme, from making or receiving a withdrawal from the scheme.
(3) Any item to which subclause (1) applies is not income for the purposes of the Act.
Compare: SR 2008/68 r 4