Bank of New Zealand
The Arrangement is the redemption of Flybuys Points for a contribution to a KiwiSaver account in a KiwiSaver scheme that Bank of New Zealand (BNZ) has established (the BNZ KiwiSaver Scheme). Under an agreement between BNZ and Loyalty New Zealand Limited (Loyalty NZ), persons who are members of the Flybuys loyalty programme can request the redemption of their Flybuys Points for a contribution to their own, or another person’s, account in the BNZ KiwiSaver Scheme.