Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698840524955.pdf (New Zealand)
2018/239 Income Tax (Minimum Family Tax Credit) Order 2018 Patsy Reddy, Governor-General Order in Council At Wellington this 26th day of November 2018 Present: Her Excellency the Governor-General in Council This order is made under section MF 7(1)(d) of the Income Tax Act 2007 on the advice and with the consent of the Executive Council.
Contents 1 2 3 4 1 2 Title Commencement Increase of prescribed amount in formula for minimum family tax credit Revocations Order Title This order is the Income Tax (Minimum Family Tax Credit) Order 2018.

Commencement This order comes into force on 1 April 2019.
Page 1 1 2 2 1 cl 3 3 (1) Income Tax (Minimum Family Tax Credit) Order 2018 2018/239 Increase of prescribed amount in formula for minimum family tax credit The amount appearing as an item in the formula for the minimum family tax credit in section ME 1(3)(a) of the Income Tax Act 2007 is increased from $26,156 to $26,572.

(2) Subclause (1) applies in respect of the 2019/20 tax year and later tax years.
4 Revocations The Income Tax (Minimum Family Tax Credit) Order 2015 (LI 2015/294) and the Income Tax (Minimum Family Tax Credit) Order 2016 (LI 2016/282) are revoked.

Michael Webster, Clerk of the Executive Council.

Explanatory note This note is not part of the order, but is intended to indicate its general effect.

This order, which comes into force on 1 April 2019, increases the prescribed amount specified in section ME 1(3)(a) of the Income Tax Act 2007 from $26,156 to $26,572.
The prescribed amount is used when calculating the amount that a person may be allowed as a tax credit (referred to in section ME 1 as a minimum family tax credit).

This order also revokes the Income Tax (Minimum Family Tax Credit) Order 2015 and the Income Tax (Minimum Family Tax Credit) Order 2016.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 29 November 2018.

This order is administered by the Inland Revenue Department.
Wellington, New Zealand: Published under the authority of the New Zealand Government—2018 2