Authority Policies
All of the publications, reports and booklets are provided as PDF documents that you can view online or print out. To view PDF documents you will need the Adobe Acrobat Reader plug-in. This is available for free from the Adobe website.
Corporate Goverance Statement
Corporate Goverance Statement
The Authority has established a Corporate Governance Statement. This statement incorporates requirements set out in the Act, the Crown Entities Act 2004, other legislation and regulation, and policies and practices developed by the Board.
GSF Schemes
Provisions, Policies and Procedures of the Government Superannuation Fund
This document describes various provisions of the GSF Act and outlines various procedures, practices and policies applied in the administration of the GSF Schemes. It is intended as a guide only for administrators, contributors, annuitants and employers to illustrate and describe determinations made in respect of the GSF Schemes.
The exercise of the Authority’s discretions under the Act will be made on a case by case basis.
Statement of Investment Policies, Standards and Procedures (“SIPSP”)
This statement sets out the investment policies and criteria for the Fund. The document is reviewed at least annually. The latest review was September 2011.
Responsible Investment Policies
This statement covers the Authority's Responsible Investment Policies, Standards and Procedures (RI Policies) including:
• ethical investment, including avoiding prejudice to New Zealand's reputation as a responsible member of the world community;
• environmental, social and governance considerations; and
• the retention, exercise, or delegation of voting rights acquired through investments
Responsible Investment Exclusion Decisions
This statement sets out the reasons for the Authority's decisions to exclude investment in certain types of companies.
For the full list of excluded companies click here.
Corporate governance standards for voting
The Authority has adopted corporate governance standards developed and maintained by Institutional Shareholder Services (ISS). The broad principles set out in the standards represent the essential elements of good governance. Such principles include transparency, board alignment with shareholder interests, remuneration, business ethics and maintaining voting rights.
To view a copy of the current ISS Proxy Voting Guidelines for New Zealand click here.
Details of how the Authority has voted are summarised below:
Six months ended 31 December 2011
Six months ended 30 June 2011.
Privacy Policy
Privacy Policy
The Authority’s Privacy Policy applies to all information held by the Authority and the Fund. The Authority aims to ensure all personal information provided to it is managed in accordance with this Privacy Policy and applicable New Zealand legislation. The Authority also aims to ensure that all personal information held is used in a fair, honest and ethical manner with regard to privacy.
Terms and Conditions of Access and Use
Terms and Conditions of Access and Use
Access to or use of the official website for the Government Superannuation Fund Authority (Authority) and the Government Superannuation Fund (Fund) at www.gsfa.govt.nz (Website) constitutes consent to the following terms and conditions of access and use (Terms). Each page of this Website must be read in conjunction with these Terms and any other disclaimers that form part of this Website.