Now as I have said, I’m actually a reasonable fan of Kiwisaver. But the way the Govt introduced compulsory employer contributions without consultation or warning I deplore.
Dr Cullen defended this at a business breakfast. He claims it would have been too much trouble and time consulting with not just business groups, but with other parties, if he hadn’t introduced it under urgency as a Budget measure.
Well tough. The most major recent change to NZ’s savings and payroll schemes should be consulted on, even if it is hard work.
People should be aware how much this will cost employers. Not just in terms of compulsory contributions, but in compliance costs – something 95% of the Labour Caucus have never experienced. I received my 30 page KiwiSaver employer guide yesterday. KiwiSaver will involve a shitload of work for employers. You won’t believe how much time every week is meant to be spent on filling in forms for the Government, or providing info to them.No tag for this post.