The Government has highlighted issues within the KiwiSaver Act that have prevented a number of Kiwis from using their accounts to buy a home. 

Many workers in rural areas, like farm workers, rural police and teachers, are often required to live in housing provided by their employer - which stops them from being able to withdraw their KiwiSaver for a first home as they're unable to live in it. 

These issues have also stopped farmers from being able to purchase their own farm as it's not covered by current legislation. 

Changes announced this morning would remove those barriers. 

LISTEN ABOVE

The Government has highlighted issues within the KiwiSaver Act that have prevented a number of Kiwis from using their accounts to buy a home.&nbsp;
Many workers in rural areas, like farm workers, rural police and teachers, are often required to live in housing provided by their employer - which stops them from being able to withdraw their KiwiSaver for a first home as they're unable to live in it.&nbsp;
These issues have also stopped farmers from being able to purchase their own farm as it's not covered by current legislation.&nbsp;
Changes announced this morning would remove those barriers.&nbsp;
LISTEN ABOVE

The Weekend Collective on Newstalk ZB is an intelligent and fun take on the life you live and what you love. From Barrister to singer to recording artist and concert producer, including performing the national anthem for the All Blacks, you name it, Tim Beveridge has done it. Joined by a range of special expert guests throughout the afternoon, The Weekend Collective will cover off the issues of the week, politics, parenting, finance, wellness and property.

The Weekend Collective on Newstalk ZB is an intelligent and fun take on the life you live and what you love. From Barrister to singer to recording artist and concert producer, including performing the national anthem for the All Blacks, you name it, Tim Beveridge has done it. Joined by a range of special expert guests throughout the afternoon, The Weekend Collective will cover off the issues of the week, politics, parenting, finance, wellness and property.

The Weekend Collective

Nicola Willis: KiwiSaver changes to loosen restrictions on rural investors

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/62dcc3df-ef45-4a43-9228-b400002e2cb4/transcript