Notice of Setting of Third Intermediate Targets Under the Child Poverty Reduction Act 2018
In accordance with section 23 of the Child Poverty Reduction Act 2018 (“Act”), the Minister for Child Poverty Reduction hereby gives notice of the targets for reducing child poverty:
|
Primary measures (excluding persistent poverty)* |
Third intermediate (3-year) target rate |
|
Low-income: less than 50% of median equivalised Disposable Household Income (without deducting housing costs) for financial year [BHC 50% moving line] |
12% of children in the 2026/27 financial year |
|
Low-income: less than 50% of median equivalised Disposable Household Income (after deducting housing costs) for base financial year [AHC 50% fixed line] |
14% of children in the 2026/27 financial year |
|
Material hardship |
11% of children in the 2026/27 financial year |
* Targets for persistent poverty are required only for and after the financial year commencing on 1 July 2025 (Schedule 1, clause 4 of the Act).
“Target rate” refers to the percentage of children living in households that are deemed to be in poverty on that measure in the final financial year of the relevant target period.
When considering the achievement of each target rate, the sample error that applies to rates on the relevant measures (set out in Statistics New Zealand’s report for the relevant financial year under section 30 of the Act) should be taken into account.
Dated at Wellington this 27th day of June 2024.
Hon LOUISE UPSTON, Minister for Child Poverty Reduction.
Note: The targets for reducing child poverty are available on the Ministry for Social Development website (www.msd.govt.nz).