How to apply
Application for approval of a single person self-managed superannuation scheme as a Schedule 3 approved scheme should be lodged to Compliance@fma.govt.nz
- Please include in the subject line of your email “Application for Schedule 3 Scheme Approval”
- The application needs to include a pdf copy of the executed trust deed which needs to comply with the requirements specified in FMC Act and Regulations.
- The application needs to include the address for service for future correspondence from FMA and the balance date for the scheme.
The sole member of the scheme must be one of the trustees of the scheme or if the scheme has a sole corporate trustee one of the Directors of the corporate trustee. The fee payable with the application is currently $178.25 including GST and will be billed to the applicant.
Ongoing obligations
Ongoing obligations once approved are:
- an annual report the content of which is covered in the FMC Regulations
- a set of unaudited accounts which comply with GAAP.
The accounts must be completed within 5 months of the balance date and a copy of the annual report and unaudited accounts must be lodged to FMA Compliance@fma.govt.nz within 28 days of completion. Currently, there is no fee for the lodgement of the annual report and accounts.
Any questions regarding the trust deed content, application process or ongoing obligation can be made to questions@fma.govt.nz.
