abstract:Bonus Bonds is a New Zealand unit trust founded in 1970 with a reward scheme based on cash prizes. The New Zealand government launched bonus bonds under the Unit Trusts Act 1960 through the Post Office Savings Bank with the goal of encouraging New Zealanders to save.
"With profits" policyholders receive bonus payments based on the performance of the shares and bonds they have invested in, and their rewards depend on the overall performance of the business.