NZ and Oz agree on portable assets

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NEW ZEALAND - The Australian and New Zealand governments have agreed to allow retirement savings to be repatriated between the two countries, the New Zealand government has announced.

An estimated AUS$13bn (US$11.3bn) of 'lost accounts' in the obligatory Australian Superannuation Guarantee (ASG) system were thought to be retirement savings of New Zealanders who had returned home...

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