Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698753633099.pdf (New Zealand)
“(a) “(b) “(c) “(4) The information referred to in subsections (2) and (3) is— the name and tax ﬁle number of the employer; and the name of the person who received the payment; and the tax ﬁle number of the person who received the pay- ment if the employer has been supplied the number; and the gross amount of the payment; and the date of the payment; and the number of an exemption certiﬁcate or special tax rate certiﬁcate provided to the person who received the payment if the employer has been supplied the number.
“Compare: SR 1979/259 regulation 12A, Income Tax (Withholding Payments) Regulations “(d) “(e) “(f) “24P Variation of requirements The Commissioner may vary the requirements set out in sec- tions 24B, 24H, and 24I for a person or a class of persons.

“Compare: 2004 No 35 ss NC 7(3), NC 8(10), NC 15(3)”.
Section 25 Section 25, heading and subsection (1): replace by the following: “25 RWT withholding certiﬁcates “(1) Subsection (1B) applies when a person withholds RWT for resident passive income paid to or derived by any other person that is— “(a) “(b) “(c) interest; or a dividend treated as interest; or a dividend to which section RE 9(2) of the Income Tax Act 2007 applies.
“(1B) The person must prepare an RWT withholding certiﬁcate that contains the information set out in subsection (6).” 3268 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 25—continued Section 25(2), (6)(a), (7), and (9): “resident withholding income” is replaced by “resident passive income” in each place where it appears.

Section 25(2)(a) and (b): “that resident withholding tax deduction certiﬁcate” is replaced by “the RWT withholding certiﬁcate” in each place where it appears.
Section 25(2), (3), and (10): “a resident withholding tax deduction certiﬁcate” is replaced by “an RWT withholding certiﬁcate” in each place where it appears.

Section 25(8): “Every resident withholding tax deduction certiﬁcate shall” is replaced by “An RWT withholding certiﬁcate must”.

Section 25(9): “resident withholding tax deduction certiﬁcate” is re- placed by “RWT withholding certiﬁcate”.
Section 25(2), (2)(a) and (b), and (9): “(in the case of a deduction of resident withholding tax made in accordance with section NF 3 of the Income Tax Act 2004)” is replaced by “(as applicable)” in each place where it appears.
Section 25(3): “any deduction of resident withholding tax made dur- ing that year if the ﬁnancial arrangement in relation to which the de- duction of resident withholding tax was made” is replaced by “RWT withheld during that year for resident passive income that relates to a ﬁnancial arrangement, if the ﬁnancial arrangement”.

Section 25(3): “tax deduction certiﬁcate” is replaced by “withhold- ing certiﬁcate”.

Section 25(4)(a): “make any resident withholding tax deductions” is replaced by “withhold RWT”.
Section 25(4) and (5): “a valid certiﬁcate of exemption” is replaced by “an RWT exemption certiﬁcate” in each place where it appears.

Section 25(4) and (5): “any resident withholding tax deduction cer- tiﬁcates” is replaced by “an RWT withholding certiﬁcate” in each place where it appears.

Section 25(5): “make resident withholding tax deductions” is re- placed by “withhold RWT”.
Section 25(6) and (6A): replace by the following: “(6) An RWT withholding certiﬁcate must include the following: a statement as to whether the resident passive income is interest, a dividend treated as interest, or a dividend “(a) 3269 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 25—continued to which section RE 9(2) of the Income Tax Act 2007 applies: the date on which the RWT was withheld, or if there is more than 1 instance, the year in which the amounts were withheld: the amount of resident passive income and the amount of RWT withheld: the basic tax rate that applied to the resident passive income.
“(b) “(c) “(d) “(6B) The Commissioner may prescribe a formula for determining the average basic tax rate that is to be applied to resident pas- sive income.” Section 25(7): “a resident withholding tax certiﬁcate with respect to any interest from which the person has in any tax year made a deduc- tion of resident withholding tax” is replaced by “an RWT withholding certiﬁcate relating to any interest from which the person has in a tax year withheld RWT”.
Section 25(7)(b): replace by the following: “(b) the RWT withheld was from resident passive income that is interest, and the amount was required to be with- held by the person under section RE 7 or RE 8 of the Income Tax Act 2007, and the total amount of the resi- dent passive income, being interest, paid by the person in that tax year to the recipient of the interest is no more than $50,—”.
Section 25(11): replace by the following: “(11) In this section, a dividend that is resident passive income paid by an RWT proxy as described in section RE 3(1)(c) of the Income Tax Act 2007 is treated as being interest.” Section 26 Section 26, heading: “purposes of resident withholding tax” is re- placed by “RWT purposes”.
Section 26(1): “to make payments of resident withholding tax in re- lation to resident withholding income paid to or derived (in the case of a deduction of resident withholding tax made in accordance with 3270 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 26—continued section NF 3 of the Income Tax Act 2004)” is replaced by “to pay RWT for resident passive income paid to or derived (as applicable)”.
Section 26(1): “each such amount of resident withholding income” is replaced by “each amount of resident passive income”.

Section 26(1)(a) to (d): replace by the following: “(a) “(b) “(c) “(d) the amount of the resident passive income before with- holding RWT: the amount of RWT withheld: the date on which the RWT was required to be withheld: the full name and last known address of the recipient of the payment or the person deriving the resident passive income, as applicable:”.
Section 26(2): “in accordance with the Income Tax Act 2004 to pay resident withholding tax in relation to any amount paid to or derived (in the case of a deduction of resident withholding tax made in ac- cordance with section NF 3 of that Act)” is replaced by “under the Income Tax Act 2007 to pay RWT for an amount of resident passive income paid to or derived (as applicable)”.
Section 26(2): “a valid certiﬁcate of exemption issued under section NF 9(1)(i) and (j)” is replaced by “an RWT exemption certiﬁcate given under section RE 27”.

Section 26(2)(a): “a resident withholding tax payment” is replaced by “the payment of RWT”.

Section 26(3) and (3)(a): “speciﬁed dividends” is replaced by “divi- dends treated as interest” in each place where it appears.
Section 27 Section 27(1): “resident withholding income in respect of which a resident withholding tax payment is required to be made” is replaced by “resident passive income from which RWT must be withheld”.
3271 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 28 Section 28: replace by the following: “28 Recipient of resident passive income to provide tax ﬁle number when RWT not withheld A person who receives from a payment of resident passive in- come, that is interest, must provide their tax ﬁle number to the payer within 10 working days of receiving a request by notice from the payer, if no requirement to withhold RWT arises be- cause— “(a) the payment was not made by the payer in the course of, or furtherance of, a taxable activity: section RE 10 of the Income Tax Act 2007 applies.” “(b) “(d) “(e) Section 29 Section 29(1): “(not being a speciﬁed dividend) from which resident withholding tax has been deducted, or a dividend with an imputation credit or a dividend withholding payment credit attached or a conduit tax relief credit attached” is replaced by “(not being a dividend treated as interest) from which RWT has been withheld, or a dividend with an imputation credit, an FDP credit, or a CTR credit attached”.
Section 29(1)(d) and (e): replace by the following: the amount of RWT withheld, if any: the amount of NRWT withheld, if any:”.

Section 29(1)(i): “a dividend withholding payment credit” is re- placed by “an FDP credit”.

Section 29(1)(ia): “conduit tax relief credit” is replaced by “CTR credit”.

Section 29(1B): “Australian imputation credit account company” is replaced by “Australian ICA company”.
Section 29(1C)(b): “date of the emigration time, if the company is treated under section FCB 2 of the Income Tax Act 2004” is replaced by “time of emigration, if the company is treated under section FL 2 of the Income Tax Act 2007”.

Section 30 Section 30, heading and paragraphs (a), (b), and (c): “dividend with- holding payment credit” is replaced by “FDP credit” in each place where it appears.
3272 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 30—continued Section 30, words before paragraph (a): “a dividend withholding payment account company” is replaced by “an FDPA company”.

Section 30: “a dividend withholding payment credit” is replaced by “an FDP credit”.

Section 30, words before paragraph (a): “section MG 6 of the Income Tax Act 2004” is replaced by “section OC 27 of the Income Tax Act 2007”.
Section 30A Section 30A, heading and subsection: “conduit tax relief credit” is replaced by “CTR credit” in each place where it appears.

Section 30A, words before paragraph (a): “conduit tax relief com- pany” is replaced by “CTR company”.

Section 30A, words before paragraph (a): “section MI 7 of the In- come Tax Act 2004” is replaced by “section OD 20 of the Income Tax Act 2007”.
Section 30A(b) and (c)(ii): “conduit tax relief additional dividend” is replaced by “CTR additional dividend” in each place where it ap- pears.

Section 30A(b): “section LG 1 of the Income Tax Act 2004” is re- placed by “section LQ 5 of the Income Tax Act 2007”.

Section 30B Section 30B(e): “deduction of resident withholding tax” is replaced by “RWT is withheld”.

Section 30B(f): “section ME 6B of the Income Tax Act 2004” is replaced by “section OB 64 of the Income Tax Act 2007”.
Section 30B(g): “deduction of resident withholding tax” is replaced by “amount of RWT withheld”.

Section 30B(g): “section NF 8B of the Income Tax Act 2004” is replaced by “section RE 25 of the Income Tax Act 2007”.

Section 30C Section 30C(2)(b) and (c): “dividend withholding payment credit” is replaced by “FDP credit” in each place where it appears.
3273 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 31 Section 31(1)(e): “section NF 8B of the Income Tax Act 2004” is replaced by “section RE 24 of the Income Tax Act 2007”.

Section 32A Section 32A(1) and (4): “Income Tax Act 2004” is replaced by “In- come Tax Act 2007” in each place where it appears.

Section 32A(1): “speciﬁed superannuation contributions” is replaced by “employer’s superannuation contributions”.
Section 32B Section 32B, heading and subsections (1)(m) and (4): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 32B(1)(a), (c), (k), and (l): “speciﬁed superannuation con- tributions” is replaced by “employer’s superannuation contributions” in each place where it appears.
Section 32B(1)(b): replace by the following: “(b) the amount of employer’s superannuation contributions for which ESCT has been withheld at the rate speciﬁed in schedule 1, part D, clause 1 of the Income Tax Act 2007:”.

Section 32B(1)(c): “section NE 2A of the Income Tax Act 2004” is replaced by “section RD 68 of the Income Tax Act 2007”.

Section 32C Section 32C(1)(a) and (d), and (4): “Income Tax Act 2004” is re- placed by “Income Tax Act 2007” in each place where it appears.
Section 32C(1)(b): “employer contributions to superannuation sav- ings” is replaced by “employer-sourced superannuation savings”.

Section 32D Section 32D, heading and subsection (1): “qualifying unit” is re- placed by “public unit” in each place where it appears.
3274 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New sections 32E to 32N After section 32D: insert the following: “Resident passive income “32E Applications for RWT exemption certiﬁcates “(1) A person listed in subsection (2) may apply to the Commis- sioner for an RWT exemption certiﬁcate.
“(2) The persons are— “(a) “(b) “(c) a registered bank: a building society: the Public Trust or a company that would be a member of the same wholly-owned group of companies as the Public Trust, if it were a company for the purposes of this Act: “(d) the Maori Trustee: a statutory trustee company: “(e) “(eb) a portfolio investment entity: “(f) a person whose main business is— “(i) borrowing money or accepting deposits, or re- ceiving credit or selling a credit instrument; and lending money or granting credit, or buying or discounting a credit instrument: “(ii) “(g) a person that is— “(i) a nominee company subject to practice rules made by the Council of the New Zealand Law Society under section 96 of the Lawyers and Conveyancers Act 2006 and operated by a bar- rister and solicitor or an incorporated law ﬁrm; or a broker’s nominee company to which the Secur- ities Act (Contributory Mortgage) Regulations 1988 apply: “(ii) “(h) “(i) a practitioner within the meaning of the Lawyers and Conveyancers Act 2006 or incorporated ﬁrm within the meaning of that Act in relation to the operation of their trust account which is an account maintained under sec- tion 112 of that Act: a person— 3275 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New sections 32E to 32N—continued “(i) who has met their obligation to ﬁle a return of income under the Inland Revenue Acts within the time allowed; and “(ii) whose annual gross income for the tax year in which they last ﬁled a return of income is more than $2,000,000: a person in an accounting year who reasonably believes their annual gross income for the tax year that corres- ponds to the next accounting year will be more than $2,000,000: a person who derives in a tax year an amount that is exempt income under sections CW 38(2), CW 39(2), CW 40 to CW 52, and CW 63 of the Income Tax Act 2007 in relation to their activities in the capacity in which they derive the exempt income: a person to whom section DV 8 of the Income Tax Act 2007 applies and who would, but for that
 section, have net income of an amount less than the amount set out in the section for their most recently ended accounting year.
“(j) “(k) “(l) “(3) The person must apply in writing to the Commissioner, and the application must— “(a) “(b) state the basis of exemption under subsection (2); and include a declaration by the person or an ofﬁcer author- ised by them that they come within the basis of exemp- tion.

“(4) The person must provide further information in relation to the application as the Commissioner requires.
“Compare: 2004 No 35 s NF 9(1)–(3) “32F Calculation of annual gross income when threshold met For the purposes of section 32E(2)(i), when the person is part of a group of companies, the person’s annual gross income is determined by— “(a) including the total annual gross income in the tax year of other group companies; and 3276 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New sections 32E to 32N—continued “(b) excluding an amount of assessable income derived by the company or another company in the same group from a transaction or series of related or connected transactions with another company in the group.
“Compare: 2004 No 35 s NF 9(8), (10) “32G Evidence of annual gross income and consequences of failure to meet threshold “(1) This section applies when a person’s application for an RWT exemption certiﬁcate is based on their meeting the require- ments in section 32E(2)(j).

“(2) The person must provide evidence to satisfy the Commissioner of their annual gross income for the accounting year.

They must provide the evidence within the 3-month period after the end of the accounting year.
“(4) “(3) For the purposes of subsection (2), the Commissioner may re- quire further evidence, and also for the purposes of section 32L.

If the person’s annual gross income for the tax year referred to in section 32E(2)(j) is less than $2,000,000, they are liable for late payment penalties in relation to an amount received or derived by them that would have been withheld under the RWT rules, had they not held an RWT exemption certiﬁcate.
Section 139B applies to the person as if— “(a) “(b) they had failed to withhold an amount of tax; and the default occurred on each day on which they received or derived a payment from which RWT would otherwise have been withheld.

“(5) In the calculation of estimated annual gross income of a com- pany that anticipates that it will be part of a group of companies for the tax year referred to in section 32E(2)(j), the estimated annual gross income of all other group companies is included.
“(6) Despite subsection (5), in the calculation of the annual gross income of a company for the purposes of this section, an amount of income derived by them or another company in the same group of companies from a transaction or series of 3277 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New sections 32E to 32N—continued related or connected transactions with another company in the group is excluded.
“(7) Despite subsections (2) and (4), the Commissioner may pro- vide an RWT exemption certiﬁcate to, or allow it to be re- tained by, a person who does not meet the requirements of section 32E(2)(j) if the Commissioner considers that the fail- ure is solely a consequence of extraordinary circumstances that are— “(a) beyond the person’s reasonable control; and “(b) unlikely to be repeated in later accounting years.
“(8) For the purposes of subsection (6), the Commissioner may re- mit some or all of a late payment penalty if the Commissioner considers that the failure is solely a consequence of extraor- dinary circumstances that the person could not reasonably be expected to have foreseen.
“Compare: 2004 No 35 s NF 9(6), (7), (9)–(11) “32H Providing RWT exemption certiﬁcate when person meets requirements “(1) This section applies when the Commissioner has received an application for an RWT exemption certiﬁcate from a person who meets the requirements of section 32E.

“(2) The Commissioner must provide the certiﬁcate to the person, setting out the person’s tax ﬁle number.

The certiﬁcate is valid from the starting date set out in the certiﬁcate.
“(3) The Commissioner may determine that a person’s application should have an end date, and this date must be set out in the certiﬁcate.

“(4) The Commissioner may provide a replacement certiﬁcate if an original certiﬁcate is lost or destroyed.
“Compare: 2004 No 35 s NF 9(4), (5) 3278 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New sections 32E to 32N—continued “32I Providing RWT exemption certiﬁcate to person who does not meet requirements “(1) Despite section 32H, the Commissioner may provide an RWT exemption certiﬁcate for a period to a person who does not meet the requirements in section 32E(2) if the person— “(a) will, or is likely to, have for the period, total deductions under the Income Tax Act 2007 that are not less than the total amount of assessable income of the person for the period; or “(b) would have, or would likely have, in a part of a tax year that falls in the period, total tax credits under section LB 3 of the Income Tax Act 2007 for resident passive income that are more than the income tax liability of the person for the tax year by an amount not less than $500.
“(2) Despite subsection (1), the Commissioner may not provide an RWT exemption certiﬁcate to a person unless they have ap- plied in writing as described in section 32E(3), and include in the application a set of budgeted accounts with details, for the period, of the person’s projected— “(a) “(b) “(c) “(d) total amount of assessable income: total deductions: tax credits for resident passive income: income tax liability.
“(3) For the purposes of subsection (2), the Commissioner may re- quire the person to provide further information.

“(5) “(4) A certiﬁcate provided under this section is cancelled under section 32L at the expiry date set out in the certiﬁcate.

If a person provided with a certiﬁcate under this section noti- ﬁes another person that they hold the certiﬁcate, the notiﬁca- tion must include a copy of the certiﬁcate.
“Compare: 2004 No 35 s NF 9(12)–(14) “32J RWT exemption certiﬁcates for unincorporated bodies “(1) This section applies when the Commissioner provides an RWT exemption certiﬁcate to an unincorporated body under section RE 30 of the Income Tax Act 2007.

3279 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New sections 32E to 32N—continued “(2) The certiﬁcate must name the body as the holder.

If the body is a trustee, the certiﬁcate must name the trust as the holder.
“(3) No member of the body can be provided with an RWT exemp- tion certiﬁcate in relation to the taxable activity carried on by the body.

“(4) For the purposes of the RWT rules, a notice to the body as holder is treated as served on the body and on each member of the body.

“Compare: 2004 No 35 s NF 10(1)(a), (d), (3) “32K Failing to meet basis of exemption “(1) This section applies when a holder of an RWT exemption cer- tiﬁcate no longer meets the requirements on which their ex- emption is based.
If the holder becomes aware that they no longer meet the requirements, they must notify the Commissioner within a period of 5 days after the day on which they became aware, and they must deliver the certiﬁcate to the Commissioner.

“(2) “(3) The Commissioner may ask the holder to provide the full name and last known address of all persons to whom they have shown the certiﬁcate for the purposes of obtaining an ex- emption from withholding the amount of tax from a payment of resident passive income.
The person must respond to the Commissioner’s request within 5 days.
“Compare: 2004 No 35 s NF 11(1) “32L Cancellation of RWT exemption certiﬁcates “(1) The Commissioner may cancel a person’s RWT exemption certiﬁcate at any time, and notify any person of the fact of the cancellation, when— “(a) the Commissioner reasonably believes the person no longer meets the requirements on which their exemp- tion is based; or the person did not meet the requirements on which their exemption was based and obtained the certiﬁcate through misleading information; or “(b) 3280 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New sections 32E to 32N—continued “(c) “(d) “(e) the person should not have been provided with the cer- tiﬁcate; or the person’s exemption was based on a ground set out in section 32E(2)(i) or (j), and the evidence provided under section 32G— “(i) “(ii) “(iii) is materially incorrect or misleading; or the person is liable for income tax that remains unpaid by the due date for payment.
shows the person did not meet the threshold; or is unsatisfactory; or “(2) If the Commissioner cancels a certiﬁcate under subsection (1), the Commissioner must notify the person who must deliver the certiﬁcate to the Commissioner within a period of 5 days after the date of notiﬁcation.

The person must also comply with a request under section 32K(3) if asked by the Commissioner.
“(3) Despite subsection (1), if the Commissioner considers that a person referred to in subsection (1)(a) to (d) is a person to whom section 32G applies and who has a further basis of ex- emption apart from that set out in the certiﬁcate, the Commis- sioner must not cancel the certiﬁcate except to provide a sub- stitute certiﬁcate that has immediate effect.
“(4) A person who receives a notice under subsection (2) must, within a period of 5 days after the date of receipt, notify all persons to whom they have shown the certiﬁcate for the pur- poses of obtaining an exemption under the RWT rules and from whom they expect to receive further payments of resi- dent passive income of the cancellation.
“(5) The Commissioner must publish in the Gazette— “(a) on or before 30 June in each tax year— “(i) a list of all certiﬁcates cancelled in the previous tax year, other than a certiﬁcate held by a person before cancellation that was later reissued to the person; and a list of all certiﬁcates provided during the previ- ous tax year to a person who had previously held a certiﬁcate, other than a certiﬁcate provided to a “(ii) 3281 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New sections 32E to 32N—continued person who previously held a certiﬁcate that was cancelled; and “(b) in April, July, October, and January (the month of pub- lication)— “(i) “(ii) a list of all certiﬁcates cancelled during the 3-month period immediately before the month of publication, other than a certiﬁcate held by a person before cancellation that was later reissued to the person in the 3-month period; and a list of all certiﬁcates provided during the 3-month period immediately before the month of publication to a person who had previously held a certiﬁcate, other than a certiﬁcate provided to a person who previously in the 3-month period held a certiﬁcate that was cancelled.
“(6) The Commissioner may publish a list referred to in subsection (5) by electronic means at any time after the publication re- ferred to in that subsection.

“(7) A person who is required to deliver an RWT exemption certiﬁ- cate to the Commissioner must deliver all original certiﬁcates provided to them by the Commissioner.

“(8) An RWT exemption certiﬁcate ceases to be valid on the 5th working day after the date of publication in the Gazette re- ferred to in subsection (5).
For a person who is notiﬁed of a cancellation by the Commissioner or by the previous holder of a certiﬁcate, a certiﬁcate ceases to be valid after a period of 5 working days from the date of notiﬁcation.

“Compare: 2004 No 35 s NF 11(2)–(9) “Non-resident passive income “32M Persons with approved issuer status “(1) A person who borrows, or has borrowed, or will borrow money, may apply to the Commissioner to have approved issuer status for the purposes of the NRWT rules.
3282 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New sections 32E to 32N—continued “(2) On making an application under subsection (1), the person is an approved issuer from the date of the application unless the Commissioner— “(a) considers that they have been responsible for serious default or neglect in complying with their obligations under the Inland Revenue Acts in the 2-year period lead- ing up to the date of application; and “(b) notiﬁes the person within 20 working days after the date of receiving the application that the application is de- clined.
“(3) The Commissioner may revoke a person’s approved issuer sta- tus at a particular time if— “(a) the Commissioner considers that the person has been responsible for serious default or neglect in complying with their obligations under the Inland Revenue Acts in the 2-year period leading up to that time; or the person asks for revocation of the status.

“(4) The Commissioner must notify the person of a revocation “(b) under subsection (3).
“(5) Despite subsection (3), the person continues to have approved issuer status for the purposes of the NRWT rules and Part 6B of the Stamp and Cheque Duties Act 1971 in relation to a pay- ment of interest made after the date of revocation for money lent to the person under a registered security while the person was an approved issuer and before the date of the revocation.
“Compare: 2004 No 35 ss NG 5–NG 7 “Foreign dividends “32N Information requirements when payments for foreign dividends reduced “(1) This section applies when a company pays FDP for a foreign dividend, and the amount is reduced under section RG 5(2) of the Income Tax Act 2007 by an amount of foreign withholding tax paid in relation to the dividend.
3283 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New sections 32E to 32N—continued “(2) Before the reduction is made, the company must provide the Commissioner with all the information necessary to determine the amount of the foreign withholding tax.

“(4) “(3) The company must provide the information within the time al- lowed by the Commissioner in a case or class of cases, having regard to the period set out in section 78B.
If the company does not provide the information required under this section, the Commissioner may recover an amount equal to the amount of the foreign withholding tax as if it were income tax payable by the company.

“Compare: 2004 No 35 ss NH 2(4), NH 3(6)”.

Section 33 Section 33(1B): “section CW 34 or CW 35 of the Income Tax Act 2004” is replaced by “section CW 41 or CW 42 of the Income Tax Act 2007”.
Section 33: add the following: “(4) The nominated company for a consolidated group is treated as a taxpayer for the purposes of this section.
A company that is a member of a consolidated group in a tax year must not provide a separate return for a tax year, but this restriction applies only to a tax year, or a part of a tax year, in which the company is part of the group.” Section 33A Section 33A(1)(b)(iv): replace by the following: “(iv) interest or a dividend that is resident passive in- come to which section RE 3(1)(c) of the Income Tax Act 2007 applies (other than interest for which an RWT withholding certiﬁcate did not have to be prepared under section 25(7)), from which RWT has been withheld at a rate other than that speciﬁed in— “(A) schedule 1, part D, table 1, row 3 of the In- come Tax Act 2007 if that person’s annual 3284 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 33A—continued “(B) gross income is more than $38,000 but not more than $60,000; or schedule 1, part D, table 1, row 4 or 5 of the Income Tax Act 2007 if that person’s annual gross income is more than $60,000; and”.
Section 33A(1)(b)(v)(A): “schedule 19, clause 8(b) of the Income Tax Act 2004” is replaced by “schedule 2, part B, table 1, row 2 of the Income Tax Act 2007”.

Section 33A(1)(b)(v)(B): “schedule 19, clause 8(c) of the Income Tax Act 2004” is replaced by “schedule 2, part B, table 1, row 3 of the Income Tax Act 2007”.

Section 33A(1)(b)(vi)(A): “schedule 19, clause 5A of the Income Tax Act 2004” is replaced by “schedule 2, part A, clause 5 of the Income Tax Act 2007”.
Section 33A(1)(b)(vi)(B): “schedule 19, clause 5B of the Income Tax Act 2004” is replaced by “schedule 2, part A, clause 6 of the Income Tax Act 2007”.

Section 33A(1)(b)(x)(B): replace by the following: “(B) was not resident passive income to which section RE 3(1)(c) of the Income Tax Act 2007 applies; and”.
Section 33A(1)(c): replace by the following: “(c) does not receive income from employment from which an amount of tax is withheld or deducted and the amount is determined in whole or in part by a special tax code certiﬁcate issued under section 24F; and”.

Section 33A(1)(d) and (e): “family certiﬁcate of entitlement” is re- placed by “family notice of entitlement” in each place where it ap- pears.
Section 33A(1)(f): “department for the time being responsible for the administration of the Social Security Act 1964 a subpart KD credit under section KD 2 of the Income Tax Act 2004 for which the amount of family credit abatement under that section is greater than nil” is replaced by “administering department a family assistance credit for 3285 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 33A—continued which the amount of family credit abatement under section MD 13 of the Income Tax Act 2007 is greater than zero”.
Section 33A(2)(cb) to (m): replace by the following: “(d) “(e) received total income of more than $200 that included— a schedular payment, not being an amount or “(i) proportion of a schedular payment for which the Commissioner has made a determination under section RD 8(3) of the Income Tax Act 2007: “(ii) beneﬁciary income; or has a tax loss or tax loss component, other than a tax loss component under section LE 2 of the Income Tax Act 2007; or has a loss balance; or “(f) “(g) has carried forward to the income year a tax credit under section LE 3 of the Income Tax Act 2007; or “(h) held an RWT exemption certiﬁcate under section 32E at any time in the tax year; or”.
Section 36 Section 36(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 36A Section 36A, heading and subsection (2): “remittance certiﬁcate” is replaced by “PAYE payment form” in each place where it appears.

Section 36BB Section 36BB, heading: “under subpart MBA of the Income Tax Act 2004” is replaced by “for tax pooling intermediaries”.
Section 36BB: “subpart MBA of the Income Tax Act 2004” is re- placed by “sections RP 17 to RP 21 of the Income Tax Act 2007, and sections 15N to 15S”.

Section 36BC Section 36BC, heading and subsection: “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
3286 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 39 Section 39: add the following: “(5) For the tax year corresponding to the income year or years in which the change of balance date occurs, the basic tax rate for the purposes of the Income Tax Act 2007 and this Act is the rate that would apply if the person’s taxable income for the tax year were calculated using the formula— 365 income year days × taxable income.
“(6) In the formula,— “(a) income year days is the total days in the income year or years that correspond to the tax year: taxable income is the person’s taxable income for the tax year.” “(b) Section 39B Section 39B(2)(b): “sections MB 19 to MB 23, as relevant, and schedule 13, part B of the Income Tax Act 2004” is replaced by “sec- tions RC 20 to RC 25, as relevant, and schedule 3, part B of the In- come Tax Act 2007”.
Section 39B(4)(b): “sections MB 20 to MB 23, as relevant, and schedule 13, part B of the Income Tax Act 2004” is replaced by “sec- tions RC 21 to RC 25, as relevant, and schedule 3, part B of the In- come Tax Act 2007”.

Section 41 Section 41, heading, and subsections (3)(b) and (4)(a): “subpart KD credit” is replaced by “family assistance credit” in each place where it appears.
Section 41(1) and (3)(a): “subpart KD of the Income Tax Act 2004” is replaced by “subparts MA to MF and MZ of the Income Tax Act 2007” in each place where it appears.

Section 41(3)(a): “family certiﬁcate of entitlement” is replaced by “family notice of entitlement”.
After section 41(5): insert the following: “(6) A person who is eligible for a tax credit under subparts MA to MF and MZ of the Income Tax Act 2007 in an income year, or 3287 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 41—continued would be eligible if their spouse, civil union partner, or de facto partner were not a transitional resident, and who would other- wise be a transitional resident in an income year may apply not to be a transitional resident under section HR 8(4) of that Act.
“(7) A notice of election under section HR 8(4) must be— in a form acceptable to the Commissioner; and “(a) “(b) be received by the Commissioner on or before the latest of the following: “(i) “(ii) the date by which section 37 would require the person to provide a return of income for the 2006–07 tax year, if required: the date by which section 37 would require the person to provide a return of income for the tax year corresponding to the ﬁrst income year af- fected by the election, if required: “(iii) the date allowed by the Commissioner on appli- cation.
“(8) An application under subsection (7)(b)(iii) for an extension of time to make an election is treated as if it were an application under section 37 in relation to a return of income for the later of the tax years referred to in subsection (7)(b)(i) and (ii).” Section 41A Section 41A: replace by the following: “41A Returns by persons with tax credits for housekeeping payments and charitable or other public beneﬁt gifts “(1) A person who has a tax credit under section LC 7 or subpart LD of the Income Tax Act 2007 may apply to the Commissioner for 1 or more refunds.
“(2) The total amount refunded, including a refund made on an application under subsection (7), must be no more than the annual amount of the tax credits.

“(3) The sum of the housekeeping payments under section LC 7 of that Act and charitable or other public beneﬁt gifts under subpart LD of that Act made by a person must be no more than their taxable income in the tax year in which the payment or gift, or both, is made.
3288 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 41A—continued “(4) If subsection (3) applies, the Commissioner must reduce, in equal portions, the total amount of housekeeping payments and charitable or other public beneﬁt gifts so that the total is no more than the person’s taxable income in the tax year in which the payment or gift, or both, is made.
“(5) An application under subsection (1) must be made in the man- ner required by the Commissioner, be signed by the person, and be accompanied by any information the Commissioner re- quires, including— “(a) the amount of a housekeeping payment under section LC 7 of that Act; and the amount of a charitable or other public beneﬁt gift to which subpart LD of that Act applies.
“(b) “(6) A taxpayer with a standard balance date or an early balance date may apply for a refund for a tax year after 1 April that follows the end of the taxpayer’s income year.

A taxpayer with a late balance date may apply for a refund for a tax year on or after the ﬁrst day of the taxpayer’s next accounting year.

“(7) Despite subsection (6), the Commissioner may, in special cir- cumstances, accept an application for a refund before the end of the tax year to which the application relates.
“(8) For the purpose of subsection (7), special circumstances in- clude— “(a) “(b) the person leaving New Zealand, permanently or for a signiﬁcant length of time: a trustee of a deceased person’s estate wishing to wind up the estate.

“(9) Despite subsection (1), the Commissioner must not refund the amount of a tax credit unless the requirements of subsections (2) and (3) are met.
“(10) When the Commissioner has considered an application, the Commissioner must notify the person of the amount of the tax credit under section LC 7 or subpart LD of that Act and of the amount of refund allowed.
“(11) A tax credit may not be refunded to an absentee, a company, a public authority, a Maori authority, an unincorporated body, or 3289 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 41A—continued a trustee liable for income tax under sections HC 16, HC 32, or HZ 2 of that Act.

“(12) A refund under subsection (1) must be paid as if it were tax paid in excess.
“(13) A refund under subsection (1), to the extent to which it is more than the correct amount of refund, is recoverable as an excess tax credit under section 142D.

“(14) Part 7 does not apply to a refund or an excess refund made under this section.

“(15) Part 9 applies to applications made under this section.” Section 43A Section 43A(2)(d)(iii) and (6)(b)(i): “dividend withholding pay- ment” is replaced by “FDP” in each place where it appears.
Section 43A(4) and (5): “imputation year” is replaced by “tax year” in each place where it appears.

Section 43A(6)(b)(i): “net loss available” is replaced by “loss bal- ance”.

Section 43A(6)(b)(iii): “net loss” is replaced by “tax loss or loss bal- ance”.

Section 43A(7): “imputation return” is replaced by “annual ICA re- turn”.

Section 44A Section 44A, heading, and subsections (1)(a) to (d) and (2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
Section 44B Section 44B(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 44C Section 44C(1): replace by the following: “(1) The question whether trees are ornamental or incidental arises under the following provisions of the Income Tax Act 2007: 3290 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 44C—continued “(a) “(b) “(c) “(d) section CB 25: section EB 24: sections FB 6 and FB 7: sections GC 1 and GC 2.” Section 44C(3): “section OB 1 of the Income Tax Act 2004 and under schedule 7, part A, item 8 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007 and under schedule 20, part A, item 8 of that Act”.
New section 44D After section 44C: insert the following: “44D Natural product dealer certiﬁcate “(1) For the purposes of schedule 4, part H of the Income Tax Act 2007, the Commissioner may issue a natural product dealer certiﬁcate to a person who applies in writing.
“(2) The certiﬁcate may be issued for any period of time, and is revoked when a notice ordering revocation is received by the Commissioner, if the person revokes the certiﬁcate, or by the person, if the Commissioner revokes the certiﬁcate.” Section 46 Section 46(5)(f): “paid under subpart KD of the Income Tax Act 2004” is replaced by “paid under subparts MA to MF and MZ of the Income Tax Act 2007”.
Section 46(7): “section OB 2(2) of the Income Tax Act 2004, be a source deduction payment” is replaced by “section RD 3(2) to (4) of the Income Tax Act 2007, be a PAYE income payment”.

Section 46A Section 46A(5), deﬁnition of child tax credit: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 46A(5), deﬁnition of weekly compensation: “paragraph (b)(ix) or (x) of the deﬁnition of salary or wages in section OB 1 of the Income Tax Act 2004” is replaced by “section RD 5(6)(b) and (7) of the Income Tax Act 2007”.
3291 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New sections 46B to 46E After section 46A: insert the following: “Fringe beneﬁts “46B FBT returns for quarters “(1) This section applies to an employer who pays their FBT li- ability under the single rate option or the alternate rate option.

The employer chooses the relevant option by providing a re- turn stipulating the selected rate.
“(2) For each quarter of a tax year, the employer must provide a return that— “(a) sets out the details of the fringe beneﬁts received by each of their employees in the quarter; and includes a calculation of the amount of FBT payable on the taxable value of the fringe beneﬁts in the quarter.
“(b) “(3) The returns must be provided, and the employer is liable to pay the amount of FBT, by the following dates: “(a) for a return for each of the ﬁrst 3 quarters of a tax year, 20 days after the end of the quarter: for a return for the ﬁnal quarter of a tax year, 31 May after the end of the quarter, unless subsection (4)(a) ap- plies.
“(b) If an employer chooses to pay FBT under sections RD 50 and RD 53 of the Income Tax Act 2007, and the result of the cal- culation is— “(a) a negative number, the employer is entitled to a refund of the overpayment: a positive number, the employer must pay the differ- ence.

“(b) If no fringe beneﬁt has been provided during a quarter, the em- ployer must still provide a return under subsection (3).

How- ever, the Commissioner may relieve an employer of this obli- gation.
If an employer stops employing staff in a tax year as described in section RD 63 of that Act, they must provide a return within 2 months after the end of the quarter in which the employment ceased.

For this purpose, subsections (3) and (4), and para- “(4) “(5) “(6) 3292 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New sections 46B to 46E—continued graph (d) of the deﬁnition of date interest starts apply to the employer.
“Compare: 2004 No 35 ss ND 2(3), ND 9(2), (3), ND 10(2)–(5), ND 11, ND 12 “46C FBT returns for years “(1) This section applies to an employer who pays their FBT li- ability under the close company option or the small business option.

The employer chooses the relevant option by notifying the Commissioner.
“(2) The employer must provide a return that— “(a) “(b) sets out the details of the fringe beneﬁts received by each of their employees in the tax year or income year, as applicable; and includes a calculation of the amount of FBT payable on the taxable value of the fringe beneﬁts in the tax year or income year, as applicable.

“(3) For an employer who chooses to pay under the close com- pany option, the return must be provided no later than the em- ployer’s terminal tax date for the relevant income year.
The employer is liable to pay the amount calculated by the terminal tax date.

“(4) For an employer who chooses to pay under the small business option, the return must be provided no later than 31 May after the end of the relevant tax year.

The employer is liable to pay the amount calculated by 31 May.
“Compare: 2004 No 35 ss ND 13(5), (6), ND 14(5), (6) “46D FBT returns: changes in payment periods “(1) This section applies when an employer chooses to pay income tax on an income year basis under the close company option, and the ﬁrst day of the relevant income year is not the same day as the ﬁrst day of a quarter.
“(2) The employer must provide a return and pay FBT under sec- tion 46B, treating the period between the ﬁrst day of the quarter 3293 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New sections 46B to 46E—continued in which the income year starts and the ﬁrst day of the income year as if it were a quarter.
“Compare: 2004 No 35 s ND 15(7), (8) “46E FBT returns: information for calculations “(1) This section applies for the purposes of sections RD 58(2), RD 60(4), and RD 61(4) of the Income Tax Act 2007 when an employer asks the Commissioner to replace the FBT liability determined under a set rate with a calculated amount.

“(2) The employer must provide the information within 2 months after notifying the Commissioner that an assessment for the ﬁnal quarter or year has been made.
“Compare: 2004 No 35 s ND 1(6)”.

Section 47 Section 47: replace by the following: “47 ESCT statements provided by employers “(1) This section applies when an employer or PAYE intermediary withholds in a period an amount of ESCT from an employer’s superannuation contribution.
“(2) The employer or PAYE intermediary must deliver to the Com- missioner a PAYE payment form showing the amount of em- ployer’s superannuation contribution, the amount of ESCT re- lating to the contribution, and any other particulars required by the Commissioner as follows: “(a) when the employer or PAYE intermediary has withheld the ESCT during the ﬁrst payment period, no later than the 20th of the month during which the ESCT was with- held: “(b) when the employer or PAYE intermediary has withheld the ESCT during the second payment period, no later than the 5th of the month following the month in which the ESCT was withheld: despite paragraphs (a) and (b), if the employer or PAYE intermediary is required to pay an amount of tax to the Commissioner under section RD 4(1)(a) of the Income “(c) 3294 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 47—continued Tax Act 2007, no later than the 20th of the following month in which the amount was withheld.” Section 48 Section 48(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
Section 49 Section 49, heading and subsection (1): replace by the following: “49 NRWT withholding certiﬁcates and annual reconciliations “(1) Subsection (1B) applies when a person in a year— “(a) withholds, or is required by the NRWT rules to with- hold, NRWT for non-resident passive income paid to or derived by any other person; or “(b) pays to, or is required to pay to, the Commissioner under section RF 10 of the Income Tax Act 2007 NRWT for non-resident passive income that is a dividend.
“(1B) The person must prepare and provide to the Commissioner, no later than 31 May in the following year, in the form approved by the Commissioner,— “(a) an NRWT withholding certiﬁcate for all NRWT with- held or paid in relation to each recipient during the year; and an annual reconciliation statement for all NRWT with- held or paid during the year.” “(b) Section 49(2): “non-resident withholding tax deduction certiﬁcate” is replaced by “NRWT withholding certiﬁcate”.
Section 49(2)(a): “making the deduction or payment” is replaced by “withholding or paying the NRWT”.
Section 49(2)(d) to (g): replace by the following: “(d) “(e) “(f) the year in which the NRWT to which the certiﬁcate relates was withheld: the type of non-resident passive income to which the certiﬁcate relates: the amount of NRWT withheld and the amount of non- resident passive income to which it relates: 3295 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 49—continued “(g) the amount of NRWT paid:”.
Section 49(4)(a): “make any deductions on account of non-resident withholding tax” is replaced by “withhold NRWT”.

Section 49(4), words after the paragraphs, and subsection (4B)(a): “non-resident withholding tax deduction certiﬁcates” is replaced by “NRWT withholding certiﬁcates” in each place where it appears.

Section 49(4B): “section FCB 2 of the Income Tax Act 2004” is re- placed by “section FL 2(1) of the Income Tax Act 2007”.
Section 49(4B) and (4C)(c): “date of the emigration time” is replaced by “time of emigration” in each place where it appears.

Section 49(4C): “tax deduction certiﬁcates” is replaced by “with- holding certiﬁcates”.

Section 50 Section 50, heading and subsection: “resident withholding tax” is replaced by “RWT” in each place where it appears.
Section 51 Section 51, heading and subsection (1): replace by the following: “51 RWT withholding reconciliation statements “(1) Subsection (1B) applies when a person withholds (or is re- quired by the RWT rules to withhold, but fails to do so) RWT for resident passive income paid to or derived by another per- son that is— “(a) “(b) “(c) interest; or a dividend treated as interest; or a dividend to which section RE 9(2) of the Income Tax Act 2007 applies.
“(1B) The person must provide to the Commissioner, in the form prescribed by the Commissioner, the information that the Commissioner may require in relation to the RWT.” Section 51(2), words before paragraph (a): “a deduction of resident withholding tax” is replaced by “RWT withheld”.
3296 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 51—continued Section 51(2)(d) to (g): replace by the following: “(e) “(d) whether the resident passive income is interest, a divi- dend treated as interest, or a dividend to which section RE 9(2) of the Income Tax Act 2007 applies; and the date on which the RWT was withheld, or if more the year in which the than 1 amount is withheld, amounts were withheld; and the amount of resident passive income and the amount of RWT withheld; and the tax rate for RWT that applied to the resident passive income; and”.
“(g) “(f) Section 51(2A): “If the person has paid interest or speciﬁed dividends to another person (the recipient) and has not deducted resident with- holding tax because the recipient holds a valid certiﬁcate of exemp- tion” is replaced by “If the person has paid interest, a dividend treated as interest, or a dividend to which section RE 9(2) of the Income Tax Act 2007 applies to another person (the recipient) and has not with- held RWT because the person holds an RWT exemption certiﬁcate”.
Section 51(2A)(b) and (c): replace by the following: “(b) “(c) the total interest, dividends treated as interest, or divi- dends to which section RE 9(2) of the Income Tax Act 2007 applies that are paid to the recipient; and the recipient’s tax ﬁle number, unless the recipient is, at the time of payment, a person to whom any of section 32E(2)(a) to (c) applies; and”.

Section 51(4)(a) and (5): “a valid certiﬁcate of exemption” is re- placed by “an RWT exemption certiﬁcate” in each place where it appears.
Section 51(4)(a): “deduct resident withholding tax” is replaced by “withhold RWT”.

Section 51(5): “make resident withholding tax deductions” is re- placed by “withhold RWT”.

Section 51(5B): “section FCB 2 of the Income Tax Act 2004” is re- placed by “section FL 2(1) of the Income Tax Act 2007”.

Section 51(5B): “emigration time” is replaced by “time of emigra- tion”.
3297 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 51—continued Section 51(5C)(c): “date of the emigration time” is replaced by “time of emigration”.

Section 51(7): “is resident withholding income under section NF 2(1A)(b) of the Income Tax Act 2004” is replaced by “to which section RE 3(c) of the Income Tax Act 2007 applies”.
Section 52 Section 52, heading, words before paragraph (a), and paragraphs (a) to (c): replace by the following: “52 Disclosure of interest payments when no requirement to withhold RWT A person who in a year pays an amount of resident passive income that is interest,— “(a) for which RWT is required to be withheld because— “(i) the payment was not made by the person in the course of or furtherance of a taxable activity; or section RE 10 of the Income Tax Act 2007 ap- plies; and “(ii) “(b) “(c) that is allowed as a deduction for the purposes of the Income Tax Act 2007; and that is paid to a person other than a person who holds an RWT exemption certiﬁcate,—”.
Section 52(e): “resident withholding income” is replaced by “resi- dent passive income”.

Section 53 Section 53(1)(a) and (c): “a certiﬁcate of exemption” is replaced by “an RWT exemption certiﬁcate” in each place where it appears.

Section 53(1)(b)(iv): “a valid certiﬁcate of exemption” is replaced by “an RWT exemption certiﬁcate”.

Section 53(1)(c): “resident withholding tax” is replaced by “RWT”.
Section 53(1)(d): “no deduction of resident withholding tax has been made under section NF 2(8) of the Income Tax Act 2004” is replaced by “RWT has not been withheld under section RE 6 of the Income Tax Act 2007”.

3298 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 54 Section 54, heading: “resident withholding income” is replaced by “resident passive income”.
Section 54(1): “to make a deduction of resident withholding tax in respect of any amount of resident withholding income paid to or de- rived (in the case of a deduction of resident withholding tax made in accordance with section NF 3 of the Income Tax Act 2004)” is replaced by “to withhold RWT for an amount of resident passive in- come paid to or derived (as applicable)”.
Section 54(1)(b): replace by the following: “(b) the total resident passive income of the recipient in the tax year for which RWT was required to be withheld by the payer:”.

Section 56 Section 56(a) and (b): “special account” is replaced by “special home ownership account operated by a person under Part 2 of the Home Ownership Savings Act 1974” in each place where it appears.
Section 59 Section 59(2): “section HH 1(1) of the Income Tax Act 2004” is replaced by “sections HC 27(4) and YB 21 of the Income Tax Act 2007”.

Section 59(4) and (5): “HH 7 of the Income Tax Act 2004” is replaced by “93B” in each place where it appears.

Section 61 Section 61(1)(b) and proviso: “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
Section 64 Section 64: “a determination in respect of a notional distribution under section ME 35(1)(b) of the Income Tax Act 2004” is replaced by “an election in relation to a notional distribution under section OB 79 of the Income Tax Act 2007”.

Section 64(b): “section CD 24(2) of the Income Tax Act 2004” is replaced by “section CD 33(2) of the Income Tax Act 2007”.
3299 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 65 Section 65: “section CX 36 or DT 13 of the Income Tax Act 2004” is replaced by “section CX 42 or DT 13 of the Income Tax Act 2007”.

Section 66 Section 66, heading: “policyholder credit account persons” is re- placed by “PCA persons”.

Section 66(1), (4), and (5): “policyholder credit account person” is replaced by “PCA person” in each place where it appears.
Section 66(1), (4), and (5): “policyholder credit account return” is replaced by “PCA return” in each place where it appears.

Section 66(2)(b): “section ME 23 of the Income Tax Act 2004” is replaced by “sections OJ 12 to OJ 18 of the Income Tax Act 2007”.

Section 67 Section 67, heading and subsection (1): “imputation credit account company” is replaced by “ICA company” in each place where it ap- pears.
Section 67(1)(c): “section CD 6 or CD 7 of the Income Tax Act 2004” is replaced by “section CD 7 or CD 8 of the Income Tax Act 2007”.

Section 67(1)(eb): “Australian imputation credit account company” is replaced by “Australian ICA company”.

Section 67(2): “imputation year corresponding with that income year” is replaced by “tax year”.

Section 68 Section 68, heading: “dividend withholding payment credit” is re- placed by “FDP credit”.
Section 68, words before paragraph (a): “a dividend withholding payment account company” is replaced by “an FDPA company”.

Section 68, words before paragraph (a): “a dividend withholding payment credit” is replaced by “an FDP credit”.

Section 68(a): “dividend withholding payment credits” is replaced by “FDP credits”.

Section 68(b): “dividend withholding payment ratio” is replaced by “FDP ratio”.
3300 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 68—continued Section 68(c): “combined imputation and dividend withholding pay- ment ratio” is replaced by “combined imputation and FDP ratio”.
Section 68A Section 68A: replace by the following: “68A Statement when CTR credit attached to dividend If a CTR company attaches a CTR credit to a dividend, the company must include the following information in the com- pany dividend statement required by section 67: “(a) the CTR additional dividend paid under section LQ 5 of the Income Tax Act 2007: the FDP ratio, calculated as if the credit were an FDP credit: the combined imputation and FDP ratio, calculated as if the credit were an FDP credit, if an imputation credit has been attached to the dividend.” “(b) “(c) Section 68B Section 68B(1)(d): “base ratio” is replaced by “Maori authority credit ratio”.
Section 69 Section 69: replace by the following: “69 Annual ICA return “(1) An imputation credit account (ICA) company must provide to the Commissioner an annual ICA return in the prescribed form for a tax year, showing— “(a) the opening balance and closing balance of the imput- ation credit account for the tax year: the amount and source of all credits and debits that have arisen during the tax year as described in sections OA 5(2) and OA 6(2) of the Income Tax Act 2007: the amount of any further income tax payable for the tax year under sections OB 65 to OB 67 of that Act: the amount of any imputation penalty tax payable for the tax year: “(b) “(c) “(d) 3301 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 69—continued “(e) when the company is a branch equivalent tax account (BETA) company,— “(i) “(ii) the opening balance and closing balance of the company’s branch equivalent tax account for the tax year: the amount and source of all credits and debits to the company’s branch equivalent tax account for the tax year that have arisen as described in sections OA 5(5)(a) and OA 6(5)(a) of that Act: “(f) when the company is a conduit tax relief (CTR) com- pany for the tax year,— “(i) the opening and closing balances of the com- pany’s CTR account for the tax year: the amount and source of all credits and debits that have arisen in the company’s CTR account as described in sections OA 5(4) and OA 6(4) of that Act: “(g) when the company is a policyholder credit account (PCA) company,— “(i) the opening balance and closing balance of the company’s policyholder credit account for the tax year: the amount and source of all credits and debits to the company’s policyholder credit account for the tax year that have arisen as described in sec- tions OA 5(7)(a) and OA 6(7)(a) of that Act: “(h) when the company is a public unit trust or a group in- vestment fund that derives category A income— “(i) the opening and closing balances of the trust’s or fund’s ASC account for the tax year: the amount and source
 of all credits and debits that have arisen in the trust’s or fund’s ASC account as described in sections OA 5(6) and OA 6(6) of that Act: “(ii) “(i) further information as may be prescribed or required by the Commissioner.
3302 “(ii) “(ii) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 69—continued “(2) The annual ICA return required for the tax year by subsection (1) must be provided to the Commissioner no later than— “(a) the last day of the July that follows the end of the tax year, if the ICA company is an Australian ICA company that is not required to ﬁle a return of income for the tax year: if paragraph (a) does not apply, the last day on which the ICA company is permitted under section 37 to ﬁle a return of income for the tax year.” “(b) Section 69B Section 69B(1): “the imputation year that corresponds with” is omit- ted.
Section 69B(2)(a) to (d): “imputation year” is replaced by “tax year” in each place where it appears.

Section 69B(2)(b): “sections MK 4 and MK 5 of the Income Tax Act 2004” is replaced by “sections OK 2 to OK 18 of the Income Tax Act 2007”.

Section 69B(2)(c): “section MK 8 of the Income Tax Act 2004” is replaced by “sections OK 21 and OK 22 of that Act”.

Section 70 Section 70, heading and subsections (1), (3), and (4): “imputation return” is replaced by “annual ICA return” in each place where it appears.
Section 70(1), (2), (2B), and (3): “imputation credit account com- pany” is replaced by “ICA company” in each place where it appears.

Section 70(2B) and (4): “an imputation year” is replaced by “a tax year” in each place where it appears.

Section 70(2), (2B), and (3): “imputation year” is replaced by “tax year” in each place where it appears.

Section 70(2B): “section ME 5(2)(eb) or ME 12(2)(da) of the Income Tax Act 2004” is replaced by “section OB 34, OB 35, OP 32, or OP 33 of the Income Tax Act 2007”.
3303 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 70—continued Section 70(2B)(b): “section MD 2 of the Income Tax Act 2004” is replaced by “sections RM 13 to RM 17, RM 32, and RZ 6 of the Income Tax Act 2007”.

Section 70B Section 70B(2), (3) and (4): “an imputation year” is replaced by “a tax year” in each place where it appears.

Section 70B(2) and (3): “the imputation year” is replaced by “the tax year”.
Section 71 Section 71: replace by the following: “71 Annual FDPA return A foreign dividend payment (FDPA) company must, not later than the time allowed under section 37 for providing a return of income for an income year, provide to the Commissioner an annual FDPA return in the prescribed form for the tax year corresponding to the income year, showing— “(a) the opening and closing balances of the FDP account for the tax year: the amount and source of all credits and debits that have arisen during the tax year as described in sections OA 5(3) and OA 6(3) of the Income Tax Act 2007: the amount of FDP payable for the tax year under sec- tions OC 30 to OC 32 of that Act: “(d) the amount of FDP penalty tax payable for the tax year: “(e) whether the company has chosen under section OC 4(1) “(b) “(c) “(f) “(g) of that Act to stop being an FDPA company: the amount and source of every foreign dividend paid to the company during the year, and the amount of FDP paid for the foreign dividend: further information as may be prescribed or required by the Commissioner.
3304 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 71—continued “Foreign dividends “71B Return requirements for refunds: foreign dividends “(1) This section applies for the purposes of section RM 21(3) of the Income Tax Act 2007 when a loss balance is used to reduce a company’s net income for an income year in which a foreign dividend is paid.
“(2) The company described in section RM 21(1) of that Act must— “(a) ﬁle a return of income under section 33 for the income year in which the tax loss arose; and “(b) ﬁle a return of income under section 33 for the current income year; and apply to the Commissioner for the refund of the FDP.
“(c) “(3) The company described as group company B in section RM 21(2) of that Act must— “(a) ﬁle a return of income under section 33 for the income year in which the tax loss arose; and “(b) notify the Commissioner that payment of some or all of the FDP is satisﬁed by reducing the tax loss.

“Compare: 2004 No 35 s NH 4(5)(b), (c)”.

Section 72 Section 72, heading: “Dividend withholding payment account” is replaced by “Annual FDPA”.
Section 72(1) and (2): “a dividend withholding payment account re- turn” is replaced by “an FDPA return” in each place where it appears.

Section 72(1) and (2): “a dividend withholding payment account company” is replaced by “an FDPA company” in each place where it appears.

Section 72(2): “imputation year” is replaced by “tax year” in each place where it appears.

Section 72(3): “an imputation year” is replaced by “a tax year”.
Section 73 Section 73, heading: “Dividend withholding payment account” is replaced by “Annual FDPA”.

3305 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 73—continued Section 73(b): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 74 Section 74, heading and subsection (2): “imputation return” is re- placed by “ICA return” in each place where it appears.

Section 74(1)(b): “imputation credit account company” is replaced by “ICA company”.
Section 74(1)(c): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 74(2): “an imputation year if the group has no liability to make a payment under section ME 14(3) of the Income Tax Act 2004 for the imputation year” is replaced by “a tax year if the group has no liability to make a payment under section OP 6 of the Income Tax Act 2007 for the tax year”.

Section 77 Section 77, heading and subsection: “imputation return” is replaced by “ICA return” in each place where it appears.
Section 77: “section MF 1(1) of the Income Tax Act 2004 after the end of the imputation year” is replaced by “section OE 3 of the In- come Tax Act 2007 after the end of the tax year”.

Section 77, words after the paragraphs: “imputation year” are re- placed by “tax year”.

Section 78 Section 78, heading: “branch equivalent tax account persons” is replaced by “BETA persons”.

Section 78(1), (4), and (5): “branch equivalent tax account” is re- placed by “BETA” in each place where it appears.
Section 78(2)(b): “in accordance with section MF 13 of the Income Tax Act 2004” is replaced by “as described in sections OA 5(5) and OA 6(5) of the Income Tax Act 2007”.
3306 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New sections 78B to 78F After section 78: insert the following: “78B Applications for tax credits “(1) A taxpayer who has a tax credit under section LJ 2 or LK 1 of the Income Tax Act 2007 must apply for the credit within 4 years after the end of the tax year in which the taxpayer would have the credit in the absence of this section.

The Commis- sioner may extend this 4-year period by another period of up to 2 years.
“(2) The taxpayer must provide with the application under subsec- tion (1) information that is necessary to determine the amount of the credit.

“Compare: 2004 No 35 s LC 13(1) “78C Disclosure when changes occur A taxpayer must provide to the Commissioner, as soon as pos- sible, all relevant information if — “(a) an amount referred to in section LJ 6 of the Income Tax Act 2007 is changed; and the change occurs after the taxpayer has made an appli- cation under section 78B.
“(b) “Compare: 2004 No 35 s LC 13(2) “78D Evidential requirements for tax credits A taxpayer who has a tax credit under section LB 3 or subparts LE, LF, or LO of the Income Tax Act 2007, must provide the Commissioner with sufﬁcient evidence of the credit, includ- ing, as applicable— “(a) for an imputation credit, a shareholder dividend state- ment: for an FDP credit, a shareholder dividend statement for the FDP credit: for a credit for RWT, an RWT withholding certiﬁcate for the amount of RWT: for a Maori authority credit, a Maori authority distribu- tion statement for the credit: any other information that the Commissioner may re- quire.
“(b) “(c) “(d) “(e) “Compare: 2004 No 35 ss LB 2(4), LD 3(4), LD 3A(5), LD 8(3), LD 9(4) 3307 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New sections 78B to 78F—continued “78E Information for underlying foreign credits “(1) For the purposes of section LL 2 of the Income Tax Act 2007, a taxpayer must have available to provide, if asked,— “(a) “(b) “(c) a copy of a receipt issued by the relevant revenue au- thority evidencing payment of the relevant tax; or a copy of a foreign return of income that is of substan- tially the same nature as a return of income under the In- land Revenue Acts, when the return of income has been provided to the relevant revenue authority and shows the relevant tax as payable; or a copy of a demand, statement of account, or a simi- lar document issued by the relevant revenue authority, seeking payment of the relevant tax.
“(2) Subsection (1) does not apply if the Commissioner is satisﬁed on the basis of evidence such as an auditor’s certiﬁcate that the relevant tax is paid or payable.
“Compare: 2004 No 35 s LF 6(4) “78F Time for providing information in relation to underlying foreign credits A taxpayer who has a tax credit for an amount of underlying foreign tax must provide to the Commissioner information that is necessary to verify a calculation of their credit under subpart LL of the Income Tax Act 2007 within— “(a) 4 years after the end of the accounting year in which the person may ﬁrst use the credit under section LA 2 of the Income Tax Act 2007; and a further time that the Commissioner may allow, having regard to the time allowed for applications under section 78B.
“(b) “Compare: 2004 No 35 s LF 6(6)”.

Section 79 Section 79: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

3308 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 80 Section 80: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 80C Section 80C(1A): “resident withholding income that had insufﬁcient resident withholding tax deducted” is replaced by “resident passive income from which insufﬁcient RWT was withheld”.
Section 80D Section 80D(1)(c)(iii): “section NC 16 of the Income Tax Act 2004 to furnish the Commissioner with an employer monthly schedule relat- ing to a source deduction payment” is replaced by “section RD 4(2) of the Income Tax Act 2007 to provide to the Commissioner an em- ployer monthly schedule relating to a PAYE income payment”.

Section 80E Section 80E(2)(c): “source deductions or withholding deductions” is replaced by “tax withheld for PAYE income payments and other income”.
Section 80E(2)(ea): “certiﬁcate of entitlement has been issued under section KD 5 of the Income Tax Act 2004” is replaced by “notice of entitlement has been given under section 80KD”.

Section 80F Section 80F(5): “RWT deduction certiﬁcate” is replaced by “RWT withholding certiﬁcate”.

Section 80H Section 80H(3)(c) and (d): “section MD 1(1A) of the Income Tax Act 2004” is replaced by “section RM 5 of the Income Tax Act 2007” in each place where it appears.
3309 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New Part 3B After section 80I: insert the following: “Part 3B “Credits of Tax “Applying for payment by instalment “80KA Applications for payment of tax credit by instalment “(1) This section applies to applications made under section MF 1 of the Income Tax Act 2007.

“(2) An application by a person who wants to be paid their tax credit (other than a parental tax credit) by instalment must be made before the selected period starts.
“(4) “(3) A person who wants to be paid their parental tax credit by instalment must apply no later than 3 months after the date of the dependent child’s birth.

If a person referred to in subsection (3) applies more than 3 months after the date of the dependent child’s birth, the per- son may receive the parental tax credit only after taking into account their end of year assessment under subpart LA of the Income Tax Act 2007 for the tax year in which the birth oc- curs.
If the 3-month period described in subsection (3) spans 2 tax years and the whole of the selected period falls in the ﬁrst tax year, the selected period is treated as falling in the second tax year if all instalments are paid to the person in the second tax year.
“Compare: 2004 No 35 s KD 5(1B)–(1C) “(5) “80KB Contents of application “(1) An application referred to in section 80KA must— “(a) be in a form prescribed by the Commissioner; and “(b) be signed by the person and any other person who, at the time at which the application is made, expects to be, in the selected period, their spouse, civil union partner, or de facto partner; and give, for each person who signed the application (the signatory), a complete statement of— “(c) 3310 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New Part 3B—continued Part 3B—continued “(i) “(ii) the family scheme income that is expected to be attributable to the tax year; and the family scheme income that is expected to be attributable to the selected period; and choose whether the instalments should be paid weekly or fortnightly; and contain any other information required by the Commis- sioner; and be accompanied by the information described in sub- section (2).
“(d) “(e) “(f) “(2) The application under subsection (1) must be accompanied by,— “(a) “(b) for a signatory who expects to derive income from em- ployment, evidence of the amount of income from em- ployment derived by them in the period of 1 month im- mediately before the date on which the application is made: for a signatory who expects to derive income from a business,— “(i) a copy of the ﬁnancial statements of the business for the tax year or corresponding income year immediately before the tax year that contains the selected period; or if the ﬁnancial statements referred to in subpara- graph (i) have not been completed, a copy of the ﬁnancial statements for the business for the tax year or corresponding income year that is before the year immediately before the tax year that con- tains the selected period; or “(ii) “(iii) a set of budgeted accounts of the business for the tax year or corresponding income year that contains the selected period; or “(iv) other evidence in relation to the business for the tax year or corresponding income year that con- tains the selected period: 3311 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New Part 3B—continued Part 3B—continued “(c) “(d) unless paragraph (d) applies, the tax ﬁle number of each child for whom an entitlement to a tax credit arises: in the case of a child that has died or is given up for adoption, a birth certiﬁcate or other evidence verifying the birth or existence of the child for whom an entitle- ment to a tax credit arises.
“(3) Subsection (2)(a) does not apply if the Commissioner consid- ers that the Commissioner has enough evidence of a signa- tory’s income from employment.

“(4) Subsection (2)(d) does not apply to an application made by a person who is an adoptive parent, as that term is deﬁned in the Adoption Act 1955.
“Compare: 2004 No 35 s KD 5(2)–(2AB) “80KC When tax ﬁle number of child does not accompany application “(1) Subsection (2) applies when— “(a) “(b) an application referred to in section 80KA is not accom- panied by the tax ﬁle number of each child for whom an entitlement to a tax credit arises; and the Commissioner has enough other evidence of the per- son’s entitlement.
“(2) The Commissioner must— provide the person with a notice of entitlement; and “(a) “(b) pay to the person instalments of a tax credit under sec- tion MA 1 or, as applicable, sections MB 1 and ME 1 of the Income Tax Act 2007 for a period of 56 days.

“(3) Subsection (4) applies when the person or their spouse, civil union partner, or de facto partner does not provide the tax ﬁle number of a child for whom an entitlement to a tax credit arises within the 56-day period.
“(4) The Commissioner must stop paying the tax credit for the child until the tax ﬁle number is provided.

“Compare: 2004 No 35 s KD 5(3), (3A) 3312 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New Part 3B—continued Part 3B—continued “80KD What Commissioner must do on receipt of application “(1) This section applies when the Commissioner receives an ap- plication that complies with section 80KB.
“(2) The Commissioner must do the following: “(a) “(b) “(c) determine under sections MD 1, or MD 1 and ME 1 of the Income Tax Act 2007, as applicable, the estimated amount of tax credit to which the person would be en- titled for the selected period; and calculate under section MF 3 of that Act the amount that, if the Commissioner gave a person a notice of en- titlement for the whole selected period, would be the in- terim instalment of the tax credit that would be set out in the notice; and for all or some of the selected period, give the person a notice (the notice of entitlement) setting out— “(i) the amount of the instalment of the tax credit to which the person is entitled; and the amount after abatement contributed by the family support to the instalment; and “(ii) “(iii) the amount of credit after abatement contributed “(iv) “(v) “(vi) by the in-work payment to the instalment; and the amount after abatement contributed by the child tax credit to the instalment; and the amount after abatement contributed by the parental tax credit to the instalment; and the amount contributed by the family tax credit to the instalment.
“(3) The Commissioner must keep a copy of every notice of entitle- ment that is given under this section.

“Compare: 2004 No 35 s KD 5(4), (5)(a) “Notices of entitlement “80KE Notices of entitlement A notice of entitlement issued under section 80KD— “(a) is not transferable; and 3313 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New Part 3B—continued Part 3B—continued “(b) is subject to the terms and conditions set out in it by the Commissioner.
“Compare: 2004 No 35 s KD 5(11) “80KF Effect of giving notice of entitlement “(1) If a notice of entitlement has been given to a person, the Com- missioner must pay the person instalments of tax credit under section 80KN.
“(2) A person continues to be entitled to a tax credit under sec- tion MC 2 or, as applicable, sections MA 1 and ME 1 of the Income Tax Act 2007 for relationship periods after the rela- tionship period for which an application was made, until the Commissioner cancels the notice under section 80KH.
“Compare: 2004 No 35 s KD 5(2A), (5)(b), (7) “80KG Notifying Commissioner of events affecting notice of entitlement “(1) Subsection (2) applies when— a person has been given a notice of entitlement; and “(a) “(b) 1 or more of the events described in subsection (3) occur within the period starting on the date of the notice of entitlement and ending on the last day of the selected period.
“(2) The person must notify the Commissioner immediately if an event of the kind described in subsection (3) occurs that may result in the person losing their entitlement.
“(3) The events include— “(a) “(b) “(c) the person or their spouse, civil union partner, or de facto partner stops being the principal caregiver of a child, and the person expects that they will not resume the role of principal caregiver for a period of more than 56 consecutive days; or the person starts or stops being a spouse, civil union partner, or de facto partner; or any other event of a kind set out in the notice of entitle- ment for the purposes of this subsection.
3314 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New Part 3B—continued Part 3B—continued “(4) Subsection (5) applies when— “(a) a notice of entitlement has been issued to a person; and “(b) 1 or more of the events described in subsection (6) occur.

“(5) The person may notify the Commissioner if an event of the kind described in subsection (6) occurs that may change a per- son’s entitlement.
“(6) The events include— “(a) “(b) the person or their spouse, civil union partner, or de facto partner becomes the principal caregiver of any child; or something happens that the person thinks may affect their entitlement to the tax credit speciﬁed in the notice of entitlement; or the notice of entitlement is lost or destroyed.
“(c) “Compare: 2004 No 35 s KD 5(9) “80KH Cancellation of notice of entitlement “(1) This section applies when the Commissioner— “(a) “(b) “(c) is notiﬁed under section 80KG; or considers that a notice of entitlement given to a person no longer applies; or is advised by the chief executive of the administering department, under sections 84 or 85G, that the person is also receiving a tax credit from the chief executive or will receive a tax credit from the chief executive.
“(2) The Commissioner may, on notifying the person,— cancel the notice of entitlement; or “(a) “(b) provide a replacement notice of entitlement for the same relationship period or a different relationship period, or provide a supplement to the notice of entitlement, as ap- propriate, having regard to information in the Commis- sioner’s possession.
“Compare: 2004 No 35 s KD 5(10), (12) 3315 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New Part 3B—continued Part 3B—continued “Payments to holders of notices of entitlement “80KI Payment of tax credit by instalment by Commissioner “(1) This section applies when the Commissioner has given a notice “(2) of entitlement to a person.

In the period described in subsection (3), the Commissioner must pay to the person the instalments of the tax credit set out in the notice of entitlement.
“(3) The period— “(a) “(b) starts on the day stated in the notice of entitlement; and ends with the earlier of— “(i) the day on which the notice of entitlement is can- celled by the Commissioner; or the end date stated in the notice of entitlement.

“(ii) “(4) The Commissioner may choose the days on which the instal- ments are paid.
“Compare: 2004 No 35 s KD 7(1) “80KJ Delay in providing notice of entitlement “(1) This section applies when the Commissioner thinks that the time taken to provide a notice of entitlement has been unduly delayed.

“(2) The Commissioner may pay the instalments of the tax credit that the Commissioner thinks should be paid, having regard to the circumstances of the case.
“Compare: 2004 No 35 s KD 7(3) “80KK Payment by instalment of family support (without abatement) “(1) This section applies when the Commissioner considers, on the basis of information provided under section 85G by the chief executive, that a person is entitled to family support.

In the period described in subsection (3), the Commissioner must pay to the person the family support by instalment and without abatement.
“(2) “(3) The period— 3316 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New Part 3B—continued Part 3B—continued “(a) “(b) “(ii) starts on the day following the day that the chief execu- tive says is the last day that the person is entitled to— “(i) an income-tested beneﬁt, an orphan’s beneﬁt, or an unsupported child’s beneﬁt paid or payable under the Social Security Act 1964; or a family assistance credit paid under section 80KN; and ends on the earlier of— “(i) the day before the ﬁrst day stated in a notice of entitlement that is provided later: a period of not more than 56 days, starting on the ﬁrst day referred to in paragraph (a).
“(ii) “(4) Subsection (5) applies when the chief executive pays the fam- ily support for part of the 56-day period referred to in subsec- tion (3)(b)(ii).

“(5) The period referred to in subsection (3)(b)(ii) is reduced by the period for which the chief executive paid the family support.
“Compare: 2004 No 35 s KD 7(2B), (2C) “80KL Payment of instalments into accounts “(1) Unless the Commissioner in a particular case otherwise deter- mines, it is a condition of the receipt of tax credits paid by instalments by the Commissioner that— “(a) the person, or the person and their spouse, civil union partner, or de facto partner,— “(i) gives the Commissioner the details of an existing bank account held by the person (whether alone or jointly with their spouse, civil union partner, or de facto partner); or “(ii) opens a bank account (if they do not have one), and gives the Commissioner details of that ac- count; and the existing account or, as applicable, the opened ac- count is an account held as described in subsection (2).
“(b) “(2) The account must be held with— 3317 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New Part 3B—continued Part 3B—continued “(a) “(b) a registered bank within the meaning of that term in sec- tion 2 of the Reserve Bank of New Zealand Act 1989; or a building society, in respect of any deposits with the building society; or the Public Service Investment Society Limited; or a credit union within the meaning of that term in section 2 of the Friendly Societies and Credit Unions Act 1982.
“(3) The Commissioner must pay every instalment of tax credit into “(c) “(d) the account.

“Compare: 2004 No 35 s KD 7(4) “80KM Summary of instalments paid “(1) This section applies when the Commissioner pays to a person instalments of the tax credit shown in the notice of entitlement given to the person.
“(2) The Commissioner must give the person— “(a) “(b) a summary showing the total of all the tax credits paid by instalments under the person’s notice of entitlement for the tax year; and any other information prescribed by the Commissioner.
“(3) The Commissioner must provide the summary— “(a) “(b) for a non-ﬁling taxpayer, on or before 20 May next fol- lowing the last day of the tax year in which the payment is made; and for a ﬁling taxpayer, on the same date that the Commis- sioner issues the person with an income statement for the tax year in which the payment is made.
“Compare: 2004 No 35 s KD 7(2), (2A) “Payments of tax credit by chief executive “80KN Payment of tax credit by chief executive “(1) This section applies when— 3318 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New Part 3B—continued Part 3B—continued “(a) “(b) in a tax year, the chief executive of the administering department pays to a person an income-tested beneﬁt; and the chief executive is satisﬁed that— “(i) the person is entitled to receive a family assist- ance credit for which the amount of the family credit abatement is zero; or the chief executive is authorised by an Order in Council made under section 225A to pay the per- son a family assistance credit for which the fam- ily credit abatement is more than zero.
“(ii) “(2) When paying the income-tested beneﬁt, the chief executive must pay to the person the family assistance credit that the chief executive considers that the person is entitled to at the time of the payment.
“Compare: 2004 No 35 s KD 6(1) “80KO Determining family assistance credit In determining the amount of family assistance credit that is payable under section 80KN, the chief executive must— “(a) use the method set out in section MF 3 of the Income Tax Act 2007, if required to calculate the amount of the family credit abatement; and take into account the rate of family support and the fam- ily credit abatement given by sections MD 3 and MD 13 of that Act.
“(b) “Compare: 2004 No 35 s KD 6(1A) “(a) “80KP When entitlement to income-tested beneﬁt ends “(1) This section applies for the purposes of section 80KN when— a person’s entitlement to an income-tested beneﬁt ends; and they apply to the chief executive to have the payment of their family support continued.
“(b) “(2) The chief executive must continue to pay the family support to the person for a period determined by the chief executive 3319 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New Part 3B—continued Part 3B—continued in consultation with the Commissioner.

The amount is deter- mined as if the person were still being paid an income-tested beneﬁt during this period.
“Compare: 2004 No 35 s KD 6(1B) “80KQ No authority to pay family assistance credit “(1) This section applies when the chief executive is not satisﬁed that they are authorised to pay the family assistance credit to the person under the section.

“(2) The chief executive may ask the Commissioner to accept from the person their application for a notice of entitlement.
“Compare: 2004 No 35 s KD 6(1C) “80KR Request by chief executive to stop payment of family assistance credit “(1) This section applies when— “(a) “(b) the chief executive has made a request under section 80KQ(2); but the chief executive is satisﬁed that they are authorised to pay the person the family assistance credit.

“(2) The chief executive may ask the Commissioner to stop paying the person under their notice of entitlement.
“Compare: 2004 No 35 s KD 6(1D) “80KS Request by person to stop or re-start payment of tax credit “(1) Subsection (2) applies, despite section 80KN or 80KP, when a person notiﬁes the chief executive not to pay them the tax credit.

“(2) The chief executive must, as soon as practicable, stop paying the person the tax credit.

“(3) Subsection (4) applies when a person cancels their notiﬁcation under subsection (1).
3320 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New Part 3B—continued Part 3B—continued “(4) The chief executive must, as soon as practicable, start paying the person the tax credit again.

“Compare: 2004 No 35 s KD 6(2), (3) “80KT Details of payments of tax credits “(1) This section applies when the chief executive pays under sec- tion 80KN a tax credit to a person.
“(2) The chief executive must, for each month in which a payment is made, give the Commissioner details of the payment in an employer monthly schedule.
“(3) The chief executive must, not later than 20 April next follow- ing the last day of the tax year in which the payment is made, give the person— “(a) signed by the chief executive; and in a form authorised by the Commissioner; and a summary— “(i) “(ii) “(iii) showing the total of all of the tax credits paid; and any other information required by the Commissioner.
“(b) “(4) The chief executive must, not later than 31 May in the tax year in which the summary is provided under subsection (3), give the Commissioner— “(a) a copy of every summary given by the chief executive under subsection (3)(a); and any other information required by the Commissioner.
“(b) “Compare: 2004 No 35 s KD 6(4) “When Commissioner takes over payment of tax credit from chief executive “80KU Payment of tax credit taken over by Commissioner “(1) This section applies when— “(a) in a tax year, the chief executive stops paying a person an amount of tax credit with an income-tested beneﬁt; and 3321 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New Part 3B—continued Part 3B—continued “(b) “(c) the person applies to the Commissioner for payment of family assistance credit, family tax credit, or family support; and the Commissioner determines that the person is entitled to the tax credit under section MD 1 of the Income Tax Act 2007 for the period described in subsection (3).
“(2) For the period described in subsection (3), the Commissioner may pay to the person the arrears of the tax credits, other than the in-work payment and the parental tax credit.

“(3) The period— “(a) starts on the later of— “(i) “(ii) the ﬁrst day of the tax year; and the day following that on which the chief execu- tive stops paying the amount to the person; and “(b) ends on the day before the ﬁrst day stated in a notice of entitlement that is later given to the person.
“Compare: 2004 No 35 s KD 7(3A), (3B), (3C) “80KV Statement of family scheme income “(1) This section applies to a person to whom the Commissioner has given a notice of entitlement for a tax year.
“(2) The person must, in the time within which they are required to ﬁle their return of income for the tax year, give the Commis- sioner a statement setting out— “(a) a complete statement of their family scheme income signed by the person; and a complete statement of the family scheme income for the tax year of their spouse, civil union partner, or de facto partner signed by that person.
“(b) “Compare: 2004 No 35 s KD 4(5) “80KW Effect of extra instalment on entitlement to tax credit “(1) This section applies to a person who— “(a) “(b) is entitled to a family assistance credit or family tax credit for the whole or part of a tax year; and receives in the tax year— 3322 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New Part 3B—continued Part 3B—continued “(i) a payment under section 80KI of an instalment of the credit for each period of a week or a fortnight in the tax year; or “(ii) payments under section 80KN of instalments of the credit in the tax year and no payment under section 80KI in the tax year; and as a consequence of the year not being divided into an exact number of fortnights or weeks,— “(i) receives in the tax year 27 instalments corres- ponding to a period of a fortnight; or “(ii) may have received in the tax year 53 instalments corresponding to a period of a week.
“(c) “(2) Subsection (3) applies— “(a) for the purposes of section MF 6 of the Income Tax Act 2007; and “(b) when a person has received payments under section 80KI for the whole of a tax year.

“(3) The person is entitled to a tax credit for the tax year of an amount calculated using the formula— tax credit + ((ﬁnal instalment parental tax credit) × 13 14 ).
“(4) In the formula in subsection (3),— “(a) tax credit is the amount of the tax credit for the tax year calculated for the person under— “(i) section MD 1 of the Income Tax Act 2007, if the person is entitled to a family assistance credit: section ME 1 of that Act, if the person is entitled to the family tax credit: “(ii) “(b) ﬁnal instalment is the amount of the ﬁnal instalment received by the person in the tax year: “(c) parental tax credit is the amount of any parental tax credit that is included in the ﬁnal instalment received by the person in the tax year.
“(5) Subsection (6) applies— 3323 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New Part 3B—continued Part 3B—continued “(a) for the purposes of section MF 6 of the Income Tax Act 2007; and “(b) when a person has received payments under section 80KN for the whole of a tax year.

“(6) The person is entitled to a tax credit for the tax year equal to an amount calculated using the formula— tax credit + total amount of instalments 53.
“(7) In the formula in subsection (6),— “(a) tax credit is the amount of the tax credit for the tax year calculated for the person under— “(i) section MD 1 of the Income Tax Act 2007, if the person is entitled to a family assistance credit: section ME 1 of that Act, if the person is entitled to the family tax credit: “(ii) “(b) total amount of instalments is the total amount of the instalments received by the person in the tax year.

“Compare: 2004 No 35 s KD 7A”.


Section 81 Section 81(4)(lb): “section MBA 5 of the Income Tax Act 2004” is replaced by “section RP 18 of the Income Tax Act 2007”.

Section 81(4)(lb): “associated” is replaced by “connected” in each place where it appears.

Section 83 Section 83(2): “subpart KD credit” is replaced by “family assistance credit”.
Section 83(7), after the deﬁnition of entitlement card: add the fol- lowing: “qualifying person means a person qualifying for an entitle- ment under section MC 2 of the Income Tax Act 2007.” Section 84 Section 84(1)(a) and (4): “subpart KD credit” is replaced by “family assistance credit” in each place where it appears.
3324 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 84—continued Section 84(6), before the deﬁnition of qualifying person: insert the following: “family assistance credit means an interim instalment of a family assistance credit”.
Section 84(6), deﬁnition of qualifying person: replace by the fol- lowing: “qualifying person means a person who meets the require- ments of sections MC 3 to MC 6(a) of the Income Tax Act 2007, and includes a person entitled to a tax credit under sec- tion MD 10 or ME 1 of that Act”.

Section 84(6), deﬁnition of subpart KD credit: repeal.
Section 85F Section 85F(3), deﬁnitions of company and large budget screen production grant: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007” in each place where it appears.

Section 85G Section 85G(1)(a), (4)(a) and (b): “subpart KD credit” is replaced by “family assistance credit” in each place where it appears.

Section 85G(1)(a): “a speciﬁed beneﬁt, or as the case may be, cease to be entitled to”: omit.
Section 85G(1)(a): “section KD 6(1) of the Income Tax Act 2004” is replaced by “section 80KN”.

Section 85G(1)(b): “section KD 2 or sections KD 2 and KD 3” is replaced by “sections MD 1, or MD 1 and ME 1”.

Section 85G(1)(c): “section KD 5(10)” is replaced by “section 80KH”.

Section 85G(4): “subpart KD of the Income Tax Act 2004” is re- placed by “subparts MA to MF and MZ of the Income Tax Act 2007”.
Section 85G(6), before the deﬁnition of qualifying person: insert the following: “family assistance credit means an interim instalment of a family assistance credit”.
3325 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 85G—continued Section 85G(6), deﬁnition of qualifying person: replace by the fol- lowing: “qualifying person means a person who meets the require- ments in sections MC 3 to MC 6(a) of the Income Tax Act 2007, and includes a person entitled to a tax credit under sec- tion MD 10 or ME 1 of that Act”.

Section 85G(6), deﬁnitions of speciﬁed beneﬁt and subpart KD credit: repeal.
Section 85I Section 85I(3): “section KD 2AB(1) of the Income Tax Act 2004” is replaced by “section MD 11 of the Income Tax Act 2007”.

Section 89C Section 89C(i): replace by the following: “(i) the assessment is made following the failure by a tax- payer to withhold or deduct an amount required to be withheld or deducted by a tax law or to account for an amount withheld or deducted in the manner required by a tax law; or”.
Section 89C(m): “rebate of income tax under subpart KD of the In- come Tax Act 2004” is replaced by “tax credit identiﬁed in subparts MA to MF and MZ of the Income Tax Act 2007”.

Section 89N Section 89N(1)(c)(iii) and (v): “section OD 8(3) of the Income Tax Act 2004” is replaced by “the 1988 version provisions in subpart YB of the Income Tax Act 2007” in each place where it appears.
Section 90 Section 90(1)(a): “section EZ 32(2) (except the proviso) of the In- come Tax Act 2004” is replaced by “section EZ 35(2) (except the proviso) of the Income Tax Act 2007”.

Section 90(1)(b): “section EZ 32(3) of the Income Tax Act 2004” is replaced by “section EZ 35(3) of that Act”.
3326 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 90—continued “section EZ 32(2)” is replaced by “section Section 90(1)(c): “section EZ 32(6) (except the proviso) of the In- come Tax Act 2004” is replaced by “section EZ 35(6) (except the proviso) of that Act”.

Section 90(1)(c): EZ 35(2)”.

Section 90(1)(d): “section EZ 32 of the Income Tax Act 2004” is replaced by “section EZ 35 of that Act”.
Section 90(1)(e): “section EZ 32(7) of the Income Tax Act 2004” is replaced by “section EZ 35(7) of that Act”.

Section 90(1)(f): “section EZ 32(8) of the Income Tax Act 2004” is replaced by “section EZ 35(8) of that Act”.

Section 90(1)(j): “section FD 10(4) of the Income Tax Act 2004” is replaced by “sections FM 18 to FM 20 of that Act”.

Section 90(1)(j): “section EZ 35” is replaced by “section EZ 38”.
Section 90(1), proviso: “section EZ 32(2) or (6) of the Income Tax Act 2004” is replaced by “section EZ 35(2) or (6) of that Act”.

Section 90AA Section 90AA(1) and (2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 90AC Section 90AC, words before paragraph (a): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 90AC(1)(a) to (g), (i) and (k): “Income Tax Act 2004” is replaced by “that Act” in each place where it appears.
Section 90AC(1)(j): “section FD 10(4) of the Income Tax Act 2004” is replaced by “sections FM 18 to FM 20 of that Act”.

Section 90AC(4): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
3327 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New sections 90AF and 90AG After section 90AE: insert the following: “90AF Imputation arrangement to obtain tax advantage “(1) If an arrangement to obtain a tax advantage arises as described in section GB 35 of the Income Tax Act 2007, the Commis- sioner may make any of the following determinations: “(a) “(b) “(c) “(d) a determination whether the arrangement results in an account advantage, a tax credit advantage, or both: a determination whether a streaming arrangement as de- scribed in section GB 35(3) of that Act is subject to sec- tion GB 36(1) or (2) of that Act: a determination of the amount of the imputation credit or FDP credit that is subject to the arrangement: a determination of the tax year in which the arrangement commenced, being the year in which the ﬁrst reasonably identiﬁable step in the arrangement took place.
“(2) The Commissioner must give notice of any determination under subsection (1) to the company whose account is affected by the arrangement, as soon as is convenient.

“(3) The notice may be included in— “(a) “(b) a notice of assessment under section 111(1); or a determination under section 104B.

“(4) Failure to comply with subsection (2) does not invalidate the determination.
“90AG Maori authority arrangements to obtain tax advantage If an arrangement to obtain a tax advantage arises as described “(1) in section GB 42 of the Income Tax Act 2007, the Commis- sioner may make any of the following determinations: “(a) a determination whether the arrangement results in an account advantage, a tax credit advantage, or both: a determination whether a streaming arrangement as de- scribed in section GB 42(3) of that Act is subject to sec- tion GB 43(1) or (2) of that Act: a determination of the amount of the Maori authority credit that is subject to the arrangement: “(b) “(c) 3328 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New sections 90AF and 90AG—continued “(d) a determination of the tax year in which the arrangement commenced, being the year in which the ﬁrst reasonably identiﬁable step in the arrangement took place.
“(2) The Commissioner must give notice of any determination under subsection (1) to the Maori authority whose account is affected by the arrangement, as soon as is convenient.

“(3) The notice may be included in— “(a) “(b) a notice of assessment under section 111(1); or a determination under section 104B.
“(4) Failure to comply with subsection (2) does not invalidate the determination.” Section 90A Section 90A(1) and (2): “subpart FG of the Income Tax Act 2004” is replaced by “subpart FE of the Income Tax Act 2007” in each place where it appears.

Section 91 Section 91(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 91AA Section 91AA(2)(a): “section CW 49 of the Income Tax Act 2004” is replaced by “section CW 61 of the Income Tax Act 2007”.
Section 91AAB Section 91AAB(1): “sections DO 4B to DO 4E of the Income Tax Act 2004” is replaced by “sections DO 5 to DO 9 of the Income Tax Act 2007”.

Section 91AAB(1)(b): “schedule 11, column 1 of the Income Tax Act 2004” is replaced by “schedule 12, column 1 of that Act”.

Section 91AAC Section 91AAC heading and subsection (1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
3329 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 91AAD Section 91AAD(1), (5) and (6): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 91AAE Section 91AAE(1) and (2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
Section 91AAF Section 91AAF(1) and (4)(b): “section EE 25B, EE 25C, EE 25E, or EZ 21B of the Income Tax Act 2004” is replaced by “section EE 27, EE 28, EE 30, or EZ 23 of the Income Tax Act 2007” in each place where it appears.

Section 91AAF(5): “section EE 25B, EE 25C, or EE 25E of the In- come Tax Act 2004” is replaced by “section EE 27, EE 28, or EE 30 of the Income Tax Act 2007”.

Section 91AAG Section 91AAG(3)(a): “section EE 25B” is replaced by “section EE 27 of the Income Tax Act 2007”.
Section 91AAG(3)(b): “section EE 25C” is replaced by “section EE 28 of that Act”.

Section 91AAG(3)(c): “section EE 25E” is replaced by “section EE 30 of that Act”.

Section 91AAG(4)(b): “schedule 11 or schedule 11B of the Income Tax Act 2004” is replaced by “schedule 11 or 12 of the Income Tax Act 2007”.

Section 91AAH Section 91AAH(2)(a): “schedule 11 of the Income Tax Act 2004” is replaced by “schedule 12 of the Income Tax Act 2007”.
Section 91AAN Section 91AAN(1): “section DB 37 of the Income Tax Act 2004” is replaced by “section DB 46 of the Income Tax Act 2007”.

3330 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 91AAN—continued Section 91AAN(2): “schedule 6B, part A of the Income Tax Act 2004” is replaced by “schedule 19, part A of the Income Tax Act 2007”.

Section 91AAN(2): “section DB 37(4)(c) of that Act” is replaced by “section DB 46(4)(c) of that Act”.
Section 91AAN(2)(a): “column 1 of schedule 11 of the Income Tax Act 2004” is replaced by “schedule 12, column 1 of that Act”.

Section 91AAN(2)(b): “column 2 of schedule 11 of the Income Tax Act 2004” is replaced by “schedule 12, column 2 of that Act”.

Section 91AAN(3)(b): “schedule 6B of the Income Tax Act 2004” is replaced by “schedule 19 of the Income Tax Act 2007”.
Section 91C Section 91C(1)(eb): “except to the extent to which the matter in ques- tion is or could be” is replaced by “on an application to which section ZA 4(1)(a)(i) of the Income Tax Act 2007 applies, except to the ex- tent to which the matter in question is or could be”.
Section 91C(1)(eb): insert the following: “(ec) the Income Tax Act 2007, except to the extent to which the matter in question is or could be the subject of a determination of the Commissioner under— “(i) sections 90 or 90AC in relation to a ﬁnancial ar- rangement; or section 90A in relation to the extent to which a ﬁnancial arrangement provides funds to a party under the arrangement; or “(ii) “(iii) section 91 in relation to petroleum mining; or “(iv) section 91AAD or 91AAE in relation to live- “(v) stock; or any of sections 91AAF to 91AAM in relation to depreciation; or “(vi) section EA 3(8) of the Income Tax Act 2007 in relation to accrual expenditure; or”.
Section 91C(1)(f)(ii): “regulation 5(1A) of the Income Tax (With- holding Payments) Regulations 1979 (which relates to exemption certiﬁcates for non-resident contractors) or any successor to that 3331 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 91C—continued regulation” is replaced by “section RD 24 of the Income Tax Act 2007”.

Section 91E Section 91E(4A): “section FB 2 or GD 13 of the Income Tax Act 2004” is replaced by “sections GC 6 to GC 14 or YD 5 of the Income Tax Act 2007”.
Section 92 Section 92(5)(a): “rebate of income tax allowed under subpart KD of the Income Tax Act 2004” is replaced by “tax credit identiﬁed in subparts MA to MF and MZ of the Income Tax Act 2007”.

Section 92(5)(b): “rebate” is replaced by “tax credit”.

Section 92: add the following: “(7) The nominated company for a consolidated group is treated as a taxpayer for the purposes of this section.
A company that is part of a consolidated group in a tax year must not make a separate assessment for a tax year, but this restriction applies only to a tax year, or part of a tax year, in which the company is part of the group.” New sections 92AA and 92AB Section 92AA: replace by the following: “92AA Assessment for tax credits under Part M of Income Tax Act 2007 The Commissioner must make an income tax assessment for a tax year for a taxpayer who has a tax credit identiﬁed in Part M of the Income Tax Act 2007 for the year.
“92AB Assessments of liabilities of shareholders of qualifying companies “(1) The Commissioner may assess the liability of a shareholder who has agreed under section HA 8 of the Income Tax Act 2007 to be personally liable for their share of the income tax payable by a qualifying company.

3332 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New sections 92AA and 92AB—continued “(2) A person assessed under subsection (1) is liable as agent for the company.
“(3) The Commissioner may reduce a person’s agreed liability if, in the relevant income year,— “(a) “(b) they ﬁrst acquire shares in the company; or they dispose of all their shares in the company.
“(4) To reduce a person’s liability under subsection (3),— “(a) “(b) the Commissioner must be satisﬁed that the reduction is appropriate; and the person must provide adequate accounts and other relevant information to show that the company’s in- come tax liability attributable to the part of the income year in which they were a shareholder is proportionately smaller than the liability attributable to the full income year.
“(5) An assessment of the company or the person does not prevent an assessment of the other.

“Compare: 2004 No 35 s HG 8(1), (2)”.

Section 93 Section 93, heading, subsections (1), and (2)(a) and (b): “fringe bene- ﬁt tax” is replaced by “FBT” in each place where it appears.

Section 93(3): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
New sections 93B and 93C After section 93: insert the following: “93B Trustee income: Commissioner’s power to assess “(1) This section applies when a person— “(a) “(b) “(c) fails to disclose details of a trust under section 59; or fails to provide information that the Commissioner has asked for under section 17 in relation to a trust; or is unable to obtain sufﬁcient information to calculate the amount of trustee income in an income year.
3333 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New sections 93B and 93C—continued “(2) The Commissioner may determine in a fair and reasonable manner the amount of trustee income for the income year.
“Compare: 2004 No 35 s HH 7 “93C Foreign tax credits: Commissioner’s power to amend assessments “(1) This section applies when a person is entitled to a tax credit under section LK 1 of the Income Tax Act 2007 and— “(a) the amount of the credit cannot be determined before the time by which the person must ﬁle a return of income for an income year; and the person asks the Commissioner for an amended as- sessment within 4 years after the end of the income year.
“(2) The Commissioner must amend the assessment for the income “(b) year to reﬂect the amount of the credit.

“Compare: 2004 No 35 s LC 4(1C)”.

Section 94 Section 94(1): “section HG 12 of the Income Tax Act 2004” is re- placed by “section HA 42 of the Income Tax Act 2007”.
Section 94(3): replace by the following: “(3) An assessment made under subsection (1) is subject to chal- lenge in the same manner as an assessment of income tax im- posed under section BB 1 of the Income Tax Act 2007, and Part 8A of this Act applies accordingly.” Section 95 Section 95(1): “section IZ 2 of the Income Tax Act 2004” is replaced by “section RZ 9 of the Income Tax Act 2007”.

Section 95(3): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 97 Section 97(4): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

3334 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 97B Section 97B(4): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 98 Section 98, heading, subsections (1), and (2)(a) and (b): “speciﬁed superannuation contribution withholding tax” is replaced by “ESCT” in each place where it appears.
Section 98(1): “section NE 2 of the Income Tax Act 2004, make an assessment of the amount of the speciﬁed superannuation contribu- tion” is replaced by “section RD 67 of the Income Tax Act 2007, make an assessment of the amount of the employer’s superannuation contribution”.

Section 98(3): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 99 Section 99, heading: “resident withholding tax deductions” is re- placed by “RWT”.
Section 99(2)(a): “resident withholding income” is replaced by “resi- dent passive income”.

Section 99(3): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 100 Section 100, heading, subsections (1), and (3)(a) and (b): “non-resi- dent withholding tax” is replaced by “NRWT” in each place where it appears.

Section 100(1): “section NG 2 of the Income Tax Act 2004” is re- placed by “section RF 3 of the Income Tax Act 2007”.
Section 100(1): “non-resident withholding income” is replaced by “non-resident passive income”.

Section 100(2): “subpart NG of the Income Tax Act 2004” is replaced by “subpart RF of the Income Tax Act 2007”.

Section 100(4): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
3335 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 101 Section 101(1) and (3): “section ME 9 of the Income Tax Act 2004” is replaced by “sections OB 65 to OB 67 of the Income Tax Act 2007” in each place where it appears.

Section 101B Section 101B heading and subsections (1), (2), and (3): “additional income tax” is replaced by “imputation additional tax” in each place where it appears.
Section 101B(1) and (3): “section ME 9C of the Income Tax Act 2004” is replaced by “section OB 72 of the Income Tax Act 2007” in each place where it appears.

Section 102 Section 102, heading and subsections (1), and (2)(a) and (b): “divi- dend withholding payment” is replaced by “FDP” in each place where it appears.

Section 102(1): “section NH 1 of the Income Tax Act 2004” is re- placed by “section RG 3 of the Income Tax Act 2007”.
Section 102(1)(a): “foreign withholding payment dividend” is re- placed by “foreign dividend”.

Section 102(3): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 103 Section 103, heading and subsections (1), and (3)(a) and (b): “further dividend withholding payment” is replaced by “further FDP” in each place where it appears.

Section 103(1): “section MG 9 of the Income Tax Act 2004” is re- placed by “sections OC 30 to OC 32 of the Income Tax Act 2007”.
Section 103A Section 103A, heading and subsections (1), (2), and (4)(b): “dividend withholding payment” is replaced by “FDP” in each place where it appears.

Section 103A(1): “section MI 10 of the Income Tax Act 2004” is replaced by “section OD 23 of the Income Tax Act 2007”.

3336 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 103A—continued Section 103A(4)(a): “deduct a dividend withholding payment” is re- placed by “pay FDP”.
Section 104 Section 104, heading and subsections (1), (2), and (3)(a) and (b): “dividend withholding payment” is replaced by “FDP” in each place where it appears.

Section 104(4): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
New section 104B After section 104: insert the following: “104B Determination of credits and debits in memorandum “(1) accounts In this section,— “credit date means the credit date recorded when a memoran- dum credit arises in a memorandum account “debit date means the debit date recorded when a memoran- dum debit arises in a memorandum account “memorandum account person means a company, person, consolidated imputation group, or consolidated group (includ- ing the nominated company for a consolidated group) that maintains a memorandum account.
“(2) The Commissioner may determine that a memorandum ac- count is corrected by— “(a) adjusting the amount of a credit or debit recorded in the account; or changing a credit date or a debit date recorded in the account.

“(b) “(3) Notice of the determination must be given to the memoran- dum account person affected by the determination as soon as is convenient after the determination has been made.

“(4) Notice of the determination may be included in a notice of assessment.
“(5) Failure to give the notice of determination does not invalidate the determination.

3337 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New section 104B—continued “(6) Particulars of the determination are treated as correctly reﬂect- ing what should have been recorded in the memorandum ac- count.

“(7) The memorandum account person must record those changes that are necessary or appropriate to ensure that all memoran- dum accounts of the person correctly reﬂect the determination.
“(8) Subsections (6) and (7) do not apply to the extent to which it is established in proceedings under a challenge that the deter- mination is not correct.

“Compare: 2004 No 35 ss ME 20, ME 40, MF 6, MG 12, MI 12, MJ 8, MK 9”.
Section 108 Section 108, after subsection (3): insert the following: “(3B) The Commissioner may amend an assessment or a determin- ation to give effect to section LA 6(3) of the Income Tax Act 2007 despite the time bar.” Section 113B Section 113B(1)(c): “section CD 30(2) of the Income Tax Act 2004” is replaced by “CD 41(2) of the Income Tax Act 2007”.

Section 113B(2): “dividend withholding payment credit” is replaced by “FDP credit”.
Section 113C Section 113C(1)(a): “section CD 13 of the Income Tax Act 2004” is replaced by “section CD 21 of the Income Tax Act 2007”.

Section 113C(1)(d)(i): “section CD 28(13) of the Income Tax Act 2004” is replaced by “section CD 39(13) of that Act”.

Section 113C(1)(d)(ii): “section CD 39(11) of the Income Tax Act 2004” is replaced by “section CD 50(11) of that Act”.
Section 113C(2): “sections CD 28(13) and CD 39(11) of the Income Tax Act 2004” is replaced by “sections CD 39(13) and CD 50(11) of the Income Tax Act 2007”.

3338 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 119 Section 119(1)(d): “section MB 6 of the Income Tax Act 2004” is replaced by “section RC 7 of the Income Tax Act 2007”.

Section 119(1)(e): “sections MB 6(5) and MB 17(5) of the Income Tax Act 2004” is replaced by “sections RC 7 and RC 18(5) of that Act”.
Section 119(2)(b): “sections HK 26(2), HK 26(3), LC 1, LC 4, and LC 5 of the Income Tax Act 2004” is replaced by “sections HD 29(3), LJ 1, LK 1, and LK 6 of the Income Tax Act 2007”.

Section 120A Section 120A(3): “deducts resident withholding tax or non-resident withholding tax” is replaced by “withholds RWT or NRWT”.

Section 120C Section 120C(1), deﬁnition of date interest starts, paragraphs (b) and (d): “fringe beneﬁt tax” is replaced by “FBT” in each place where it appears.
Section 120C(1), deﬁnition of date interest starts, paragraph (b)(v)(A): “section MB 17(2) or MB 17(3), as applicable” is replaced by “section RC 18(3) of the Income Tax Act 2007”.

Section 120C(1), deﬁnition of date interest starts, paragraph (e): “subpart MBA of the Income Tax Act 2004” is replaced by “sections RP 17 to RP 21 of the Income Tax Act 2007”.

Section 120C(1), deﬁnition of date interest starts, paragraph (e): “section MBA 5(3)” is replaced by “section RP 18(5) of that Act”.
Section 120C(1), deﬁnition of date interest starts, paragraph (f)(i): “section MB 5” is replaced by “section RC 6”.

Section 120C(1), deﬁnition of date interest starts, paragraph (f)(ii): “section MC 1” is replaced by “section RA 13”.

Section 120C(1), deﬁnition of tax paid, paragraphs (b) and (c): “sub- part MBA of the Income Tax Act 2004” is replaced by “sections RP 17 to RP 21 of the Income Tax Act 2007” in each place where it appears.
Section 120C(1), deﬁnition of tax payable: “a deduction of tax that must be made” is replaced by “an amount of tax that must be withheld or deducted”.

3339 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 120D Section 120D(4): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 120EA Section 120EA: “section EY 42(1) of the Income Tax Act 2004” is replaced by “section EY 43(1) of the Income Tax Act 2007”.
Section 120KB Section 120KB(2): “section MB 8 of the Income Tax Act 2004” is replaced by “section RC 9 of the Income Tax Act 2007”.

Section 120KB(3): “section MB 7 of the Income Tax Act 2004” is replaced by “section RC 8 of the Income Tax Act 2007”.

Section 120KB(4): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 120KB(4)(a): “section KD 4(2)(c) of the Income Tax Act 2004” is replaced by “section MF 6(2) of that Act”.
Section 120KB(4)(b): “section KD 4(2)(d) of the Income Tax Act 2004” is replaced by “section LA 4(1) of that Act”.

Section 120KC Section 120KC(1)(a): “section MB 8(8)(a) of the Income Tax Act 2004” is replaced by “section RC 9(9)(a) of the Income Tax Act 2007”.

Section 120KC(1)(b): “section MB 8(8)(b)” is replaced by “section RC 9(9)(b) of that Act”.

Section 120KC(1)(c): “section MB 8(8)(c)” is replaced by “section RC 9(9)(c) of that Act”.
Section 120KC(2): “schedule 13, part A of the Income Tax Act 2004” is replaced by “schedule 3, part A of the Income Tax Act 2007”.

Section 120KD Section 120KD(1) and (2): “schedule 13, part B of the Income Tax Act 2004” is replaced by “schedule 3, part B of the Income Tax Act 2007” in each place where it appears.

Section 120KD(1): “sections MB 20 to MB 23 of the Income Tax Act 2004” is replaced by “sections RC 21 to RC 24 of the Income Tax Act 2007”.
3340 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 120KE Section 120KE(1)(c): “section MB 6 of the Income Tax Act 2004” is replaced by “section RC 7 of the Income Tax Act 2007”.

Section 120KE(1)(d): “section MB 7 of the Income Tax Act 2004” is replaced by “section RC 8 of that Act”.

Section 120KE(1)(e): “a valid certiﬁcate of exemption under section NF 9(12) of the Income Tax Act 2004” is replaced by “an RWT ex- emption certiﬁcate under section 32I”.
Section 120KE(2): “section MB 8(2) or (4) or MB 20” is replaced by “section RC 9(3) or (5), or RC 21 of the Income Tax Act 2007”.

Section 120KE(5): “section MB 17 of the Income Tax Act 2004” is replaced by “section RC 18 of the Income Tax Act 2007”.

Section 120KE(8): “schedule 13, part A of the Income Tax Act 2004” is replaced by “schedule 3, part A of the Income Tax Act 2007”.
Section 120M Section 120M(a): “section MD 2 of the Income Tax Act 2004” is replaced by “sections RM 13 to RM 17, RM 32, and RZ 6 of the Income Tax Act 2007”.

Section 120M(b): “section MB 37 of the Income Tax Act 2004” is replaced by “section RC 35 of the Income Tax Act 2007”.

Section 120O Section 120O(a): “sections NC 15(1)(b) or NC 15(1)(i) of the Income Tax Act 2004” is replaced by “sections RA 5 and RD 4 of the Income Tax Act 2007”.
Section 120O(b): “sections NC 15(1)(c) or NC 15(1)(i) of the Income Tax Act 2004” is replaced by “sections RA 5 and RD 23(3) of that Act”.

Section 120O(c): “section NF 4 of the Income Tax Act 2004” is re- placed by “sections RA 6, RE 20, and RE 21 of that Act”.

Section 120O(d): “section NG 11 of the Income Tax Act 2004” is replaced by “sections RA 6 and RF 13 of that Act”.

Section 120O(e): “section NH 3 of the Income Tax Act 2004” is replaced by “sections RA 6 and RG 3 of that Act”.
3341 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 120OB Section 120OB(1)(a): “section NBA 4(1) of the Income Tax Act 2004” is replaced by “sections RP 9 to RP 11 of the Income Tax Act 2007”.

Section 120OB(1)(b): “section NBA 4(1B)(b) of the Income Tax Act 2004” is replaced by “section RP 8(b) of that Act”.
Section 120OB(2), deﬁnition of tax paid, paragraph (a): “in respect of a deduction of tax that must be made” is replaced by “for an amount of tax that must be withheld or deducted”.

Section 120OB(2), deﬁnition of tax payable: “a deduction of tax that at the time is due to be made” is replaced by “an amount of tax that at the time is due to be withheld or deducted”.

Section 120OD Section 120OD(1): “subpart MBA of the Income Tax Act 2004” is replaced by “sections RP 17 to RP 21 of the Income Tax Act 2007”.
New section 120OE After section 120OD: insert the following: “120OE Interest paid on deposits in tax pooling accounts “(1) Interest paid by the Commissioner on an amount deposited in a tax pooling intermediary’s tax pooling account accrues to the beneﬁt of the intermediary from the date of the deposit.
“(2) The interest referred to in subsection (1) is payable to the inter- mediary on the date the amount is credited to another account with the Commissioner, or on the date the amount is refunded to the intermediary.

“(3) A deposit in a tax pooling account is treated as tax paid by the intermediary for the purposes of calculating use of money interest, but for no other purpose.
“(4) Subsection (5) applies when a payment is made either by a tax pooling intermediary to their client, or by a client to their tax pooling intermediary, and the payment represents a difference between funds held in a tax pooling account for a period of time and an amount paid for the entitlement to the funds.
“(5) The payment is treated as— 3342 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New section 120OE—continued “(a) “(b) a payment of interest to the person who derives the pay- ment for the purposes of section CC 4 of the Income Tax Act 2007, the RWT rules, and the NRWT rules: expenditure incurred in deriving the income of the per- son making the payment.

“Compare: 2004 No 35 ss MBA 5(5), (6), MBA 9”.


Section 120PA Section 120PA, heading: “foreign investor tax credit” is replaced by “tax credit for supplementary dividend”.

Section 120PA: “a foreign investor tax credit” is replaced by “a tax credit for a supplementary dividend”.

Section 120PA: “section LE 2(4)(b) of the Income Tax Act 2004” is replaced by “section LP 3(3) of the Income Tax Act 2007”.
Section 120Q Section 120Q: “schedule 13, part A of the Income Tax Act 2004” is replaced by “schedule 3, part A of the Income Tax Act 2007”.

Section 120R Section 120R, heading: “dividend withholding payments” is re- placed by “FDP”.

Section 120R(1), words before paragraph (a): “a dividend withhold- ing payment” is replaced by “FDP”.
Section 120R(1)(a): “elects by notice, under subsection (2) or sub- section (3) of section NH 3 of the Income Tax Act 2004 to reduce an amount of net loss” is replaced by “chooses by notice, under section RG 6 of the Income Tax Act 2007 to reduce an amount of tax loss”.

Section 120U Section 120U, heading: “in respect of tax deduction obligation” is replaced by “for obligation to withhold or deduct amount of tax”.

Section 120U(a): “deduct” is replaced by “withhold or deduct an amount of”.
Section 120U(b): “a deduction of tax” is replaced by “have an amount of tax withheld or deducted”.

3343 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 120U—continued Section 120U, the words after the paragraphs: “the deduction of tax” is replaced by “withholding or deducting the amount of tax”.

Section 120U, the words after the paragraphs: “deducted” is replaced by “withheld or deducted”.
Section 120V Section 120V, heading: “excess deductions of resident withholding tax” is replaced by “overpaid RWT”.

Section 120V: “excess resident withholding tax under section NF 7 of the Income Tax Act 2004” is replaced by “overpaid RWT under section RM 8 of the Income Tax Act 2007”.

Section 125 Section 125, words before paragraph (a), and paragraphs (b), (c), (f) and (h): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
Section 125(i): “section GD 8 of the Income Tax Act 2004” is re- placed by “section EY 11 of the Income Tax Act 2007”.

Section 125(i): “subsection (4)” is replaced by “subsections (3) to (9)”.
Section 125(j)(iii): “sections CD 9, CD 11, HK 7, HK 11, HK 18, HK 24, HK 26, LC 1 to LC 3, LC 7, LC 13 to LC 15, MD 1, and OB 2 of the Income Tax Act 2004” is replaced by “sections CD 15, CD 19, HD 2, HD 3(2), HD 5(4), HD 15, HD 24, HD 26 to HD 29, LA 6 to LA 8, LJ 1 to LJ 7, RD 3, RM 2 to RM 4, RM 6, RM 8, and RM 10 of the Income Tax Act 2007”.

Section 125(j)(iv): “78B, 78C, 166B, 225B” are inserted in their nu- merical order.
Section 130 Section 130(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 133 Section 133, heading: “deduction” is replaced by “withholding”.
3344 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 133—continued Section 133: “in respect of a tax deduction on the basis of a deter- mination made under section NC 1 of the Income Tax Act 2004” is replaced by “in relation to an amount of tax withheld on the basis of a determination under section RD 3(5) of the Income Tax Act 2007”.

Section 138E Section 138E(1)(d): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 138E(1)(e)(iii): “sections CD 9, CD 11, HK 7, HK 11, HK 18, HK 24, HK 26, LC 1 to LC 3, LC 7, LC 13 to LC 15, MD 1, and OB 2 of the Income Tax Act 2004” is replaced by “sections CD 15, CD 19, HD 2, HD 3(2), HD 5(4), HD 15, HD 24, HD 26 to HD 29, LA 6 to LA 8, LJ 1 to LJ 7, RD 3, RM 2 to RM 4, RM 6, RM 8, and RM 10 of the Income Tax Act 2007”.

Section 138E(1)(e)(iv): “78B, 78C, 166B, 225B” are inserted in their numerical order.
Section 138M Section 138M, heading: “deduction” is replaced by “withholding”.

Section 138M, words after the paragraphs: “in respect of a tax de- duction on the basis of a determination made under section NC 1 of the Income Tax Act 2004” is replaced by “in relation to an amount of tax withheld on the basis of a determination under section RD 3(5) of the Income Tax Act 2007”.
Section 139A Section 139A(1): “(1B)(a) by an Australian imputation credit ac- count company” is replaced by “(2)(a) by an Australian ICA com- pany”.

Section 139A(1), (2), and (4): “annual imputation return” is replaced by “annual ICA return” in each place where it appears.

Section 139A(1): “section NC 15(1)(a) or (b) or (c) or (d) of the Income Tax Act 2004” is replaced by “section RD 22(1) to (5) of the Income Tax Act 2007”.

Section 139A(2)(a)(ii): “(1B)(a)” is replaced by “(2)(a)”.
3345 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 139AA Section 139AA(1)(a): “section NC 15(1)(a) and NC 15(1)(b) of the Income Tax Act 2004” is replaced by “section RD 23(2) of the In- come Tax Act 2007”.

Section 139B Section 139B(3B) and (5A): “deducted” is replaced by “withheld or deducted” in each place where it appears.

Section 139B(6)(c)(i): “a deduction of tax that must be made” is replaced by “an amount of tax that must be withheld or deducted”.
Section 139C Section 139C(1B): “section MB 11 of the Income Tax Act 2004” is replaced by “section RM 11 of the Income Tax Act 2007”.

Section 139C(2), deﬁnition of provisional tax payable, paragraphs (a) and (aa): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 139C(2), deﬁnition of provisional tax payable, paragraph (a): “section MB 9” is replaced by “section RC 10” in each place where it appears.
Section 139C(2), deﬁnition of provisional tax payable, paragraph (a)(ii): “section MB 4” is replaced by “section RC 5”.

Section 139C(2), deﬁnition of provisional tax payable, paragraph (aa): “sections MB 9 and MB 20” is replaced by “sections RC 10 and RC 21” in each place where it appears.

Section 139C(2), deﬁnition of provisional tax payable, paragraph (a)(ii): “section MB 9(2)” is replaced by “section RC 10(2)”.
Section 140 Section 140: replace by the following: “140 Where another person withholds RWT For the purposes of determining a person’s liability to pay a late payment penalty, the person is treated as having withheld or accounted for an amount of tax if— “(a) they are liable to pay the late payment penalty for— “(i) not withholding resident withholding tax (RWT) under the RWT rules; or 3346 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 140—continued “(ii) not accounting for RWT under the RWT rules; and “(b) they can satisfy the Commissioner that another person, under the RWT rules,— “(i) withheld the RWT; or “(ii) accounted for the RWT.” Section 140B Section 140B(1): “section ME 9(1) of the Income Tax Act 2004” is replaced by “section OB 65 of the Income Tax Act 2007”.
Section 140B(1) and (2)(b): “additional income tax” is replaced by “imputation additional tax” in each place where it appears.

Section 140B(1): “section ME 9C” is replaced by “section OB 72”.

Section 140C Section 140C, heading and subsection: “dividend withholding pay- ment penalty tax” is replaced by “FDP penalty tax” in each place where it appears.

Section 140C(1) and (2): “further dividend withholding payment” is replaced by “ further FDP” in each place where it appears.
Section 140C(1): “section MG 9(1) of the Income Tax Act 2004” is replaced by “section OC 30 of the Income Tax Act 2007”.

Section 140CB Section 140CB(1): “section MK 8 of the Income Tax Act 2004” is re- placed by “sections OK 21 and OK 22 of the Income Tax Act 2007”.

Section 140D Repeal.

Section 140DB Repeal.


Section 141 Section 141(7)(c): “associated persons within the meaning of section OD 8(1) of the Income Tax Act 2004” is replaced by “associated 3347 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 141—continued persons within the meaning of sections YB 2, YB 8 to YB 14, YB 16, YB 17, and YB 19 of the Income Tax Act 2007”.
Section 141(12A): “section EY 42(1) of the Income Tax Act 2004” is replaced by “section EY 43(1) of the Income Tax Act 2007”.

Section 141AA Section 141AA(1): “withholding payment” is replaced by “schedular payment”.

Section 141AA(1): “for the purposes of the Income Tax (Withhold- ing Payments) Regulations 1979” is omitted.

Section 141AA(1)(b): “make a required tax deduction” is replaced by “withhold an amount of tax that is required”.
Section 141AA(2): “required tax deduction” is replaced by “amount of tax required to be withheld”.

Section 141D Section 141D(3B)(b): “associated under section OD 7 of the Income Tax Act 2004” is replaced by “associated under subpart YB of the Income Tax Act 2007 (to the extent to which those rules apply for the whole of that Act excluding the 1973, 1988, and 1990 version provisions)”.

Section 141E Section 141E(2): “deduction” is replaced by “deduction or withhold- ing”.
Section 141EB Section 141EB(3): “loss attributing qualifying company” is replaced by “loss-attributing qualifying company” in each place where it ap- pears.

Section 141FB Section 141FB(4)(a)(ii) to (iv): is replaced by the following: “(ii) FBT: “(iii) GST: “(iv) RWT:”.

3348 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 141FD Section 141FD, heading: “loss attributing qualifying companies” is replaced by “loss-attributing qualifying companies”.
Section 141FD(1) and (2): “loss attributing qualifying company” is replaced by “loss-attributing qualifying company” in each place where it appears.

Section 141FD(1): “net loss” is replaced by “tax loss” in each place where it appears.

Section 141FD(3): “that the shareholder claimed in respect of the attributed net loss” is replaced by “of the shareholder for the amount of the tax loss attributed to them”.
Section 141JA Section 141JA: “section NC 16 of the Income Tax Act 2004” is re- placed by “section RD 4(2) of the Income Tax Act 2007”.

Section 141JB Section 141JB(1)(a): “section NBA 4(1) of the Income Tax Act 2004” is replaced by “sections RP 9 to RP 11 of the Income Tax Act 2007”.

Section 141JB(1)(b): “section NBA 4(1B)(b) of the Income Tax Act 2004” is replaced by “section RP 8(b) of that Act”.
Section 142 Section 142(1)(d): “annual imputation return” is replaced by “annual ICA return” in each place where it appears.

Section 142(1)(d): “(1B)(a) by an Australian imputation credit ac- count company” is replaced by “(2)(a) by an Australian ICA com- pany”.

Section 142(1A)(a): “section NC 15(1)(b) of the Income Tax Act 2004” is replaced by “section RD 22(2)(b) of the Income Tax Act 2007”.
Section 142(1A)(b): “section NC 15(1)(c) or (d) of the Income Tax Act 2004” is replaced by “section RD 22(3) or (4) of that Act”.

Section 142E Section 142E, heading: “dividend withholding penalty tax” is re- placed by “FDP penalty tax”.

3349 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 142E—continued Section 142E(2): “dividend withholding payment penalty tax” is re- placed by “FDP penalty tax” in each place where it appears.
Section 142E(1) and (2): “imputation year” is replaced by “tax year” in each place where it appears.

Section 142E(2): “further dividend withholding payment” is re- placed by “further FDP”.

“(a) “(b) “(c) Section 143A Section 143A(3): “dividend withholding payment deduction” is re- placed by “payment of FDP”.
Section 143A(5)(a) to (f): replace by the following: a PAYE income payment: a combined tax and earner-related payment: an amount of tax withheld for— “(i) resident passive income: “(ii) non-resident passive income: “(iii) an employer’s superannuation contribution: a deduction of contribution that was payable under Part 3, subpart 1 of the KiwiSaver Act 2006.” Section 143A(6): “making a deduction of dividend withholding pay- ment in respect of a dividend derived” is replaced by “withholding FDP for a foreign dividend derived”.
Section 143A(6)(a): “deducted an estimate of the amount of dividend withholding payment” is replaced by “withheld or paid an estimate of the FDP”.

Section 143A(6)(b)(i): “section LF 2 of the Income Tax Act 2004” is replaced by “section LL 2 of the Income Tax Act 2007”.

“(d) Section 143B Section 143B(3): “making a deduction of a dividend withholding payment in respect of a dividend derived” is replaced by “withholding FDP for a foreign dividend derived”.
Section 143B(3)(a): “deducted an estimate of the amount of dividend withholding payment” is replaced by “withheld or paid an estimate of the FDP”.

3350 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 143B—continued Section 143B(3)(b)(i): “section LF 2 of the Income Tax Act 2004” is replaced by “section LL 2 of the Income Tax Act 2007”.

Section 150A Section 150A(1)(b) and (2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
Section 157 Section 157(1)(d): “a tax deduction” is replaced by “an amount of tax withheld or deducted”.

Section 157(1)(d): “that tax deduction” is replaced by “that amount of tax”.

Section 157(10), deﬁnition of income tax, paragraph (a): “the In- come Tax Act 2007 and” is inserted before “the Income Tax Act 2004”.
Section 157(10), deﬁnition of income tax, paragraph (b): “a tax de- duction” is replaced by “an amount of tax withheld, or combined tax and earner-related payment, to which section RD 4(1) of the Income Tax Act 2007 applies, or a tax deduction”.

insert Section 157(10), deﬁnition of income tax, paragraph (bb): “sections RP 17 to RP 21 of the Income Tax Act 2007 or” before “subpart MBA of the Income Tax Act 2004”.
Section 157(10), deﬁnition of income tax, paragraph (c): “section RD 4(2)(a) of the Income Tax Act 2007 or” is inserted before “section NC 16(b) of the Income Tax Act 2004”.

Section 157(10), deﬁnition of income tax, paragraph (e): “sections RA 10 and RD 70 of the Income Tax Act 2007 or” is inserted before “section NE 5 of the Income Tax Act 2004”.

Section 164 Section 164: “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
Section 165AA Section 165AA(1), (2) and (4): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

3351 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 165AA—continued Section 165AA(2): “basic rate of income tax stated in schedule 1, part A, clause 4” is replaced by “basic tax rate set out in schedule 1, part A, clause 3”.

Section 165A Section 165A(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 165A(2): “sections LC 3, LC 4(11) and LD 1(6) of the In- come Tax Act 2004” is replaced by “sections LA 3 to LA 5, LJ 7, and LK 4 of the Income Tax Act 2007”.

New section 165B After section 165A: insert the following: “165B Recovery of overpaid refunds: NRWT “(1) This section applies for the purposes of the NRWT rules when the amount of a refund made to a person is more than the amount properly refundable to them.

“(2) The Commissioner may recover the amount overpaid as if it “(3) were income tax.
If the person has led the Commissioner by wilful default or neglect to pay the refund, the amount of the overpayment is due on the date the refund was paid.

In every other case, the amount of the overpayment is due on the 5th working day of the month after that in which the Commissioner notiﬁes the person that the amount of the overpayment is payable.

“Compare: 2004 No 35 s NG 16(5)”.


Section 166 Section 166(1): “sections MD 2, ME 20 and NH 4 of the Income Tax Act 2004” is replaced by “sections IA 3(2)(c), OA 2(5), RA 19, RA 20, RM 3, RM 13 to RM 21, RM 32, and RZ 6 of the Income Tax Act 2007 and sections 71B and 104B”.
3352 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New section 166B After section 166: insert the following: “166B Shipping business of absentee taxpayer “(1) This section applies if an assessment is made in relation to— an absentee who carries on a shipping business carrying goods or passengers; or a person who— “(i) “(b) “(a) is the master of a ship owned by or under charter to the absentee; and is treated as an agent under section HD 21 of the Income Tax Act 2007.
“(ii) “(2) The Commissioner may require a Customs ofﬁcer to withhold the clearance of the ship pending the payment of any tax as- sessed.

“Compare: 2004 No 35 s HK 18”.

Section 167 Section 167, heading: “tax deductions” is replaced by “tax and pay- ments”.

Section 167(1): “The amount of every tax deduction or combined tax and earner premium deduction or combined tax and earner levy deduction made” is replaced by “Every amount of tax or combined tax and earner-related payment withheld or deducted”.
Section 167(2): “Where a tax deduction or combined tax and earner premium deduction or combined tax and earner levy deduction has been made” is replaced by “When an amount of tax or combined tax and earner-related payment has been withheld or deducted”.
Section 167(2): “deduction or any part of the deduction in the man- ner required by subsection (1) or the PAYE rules, the amount of the deduction” is replaced by “tax or payment withheld or deducted (or any part of it) in the manner required by subsection (1) or the PAYE rules, the amount of the tax or payment”.

Section 167(2)(a): “deduction” is replaced by “tax or payment”.

Section 167(2)(b) and (c): “tax deduction” is replaced by “tax or payment” in each place where it appears.
Section 167(2B)(b)(i): “section NBA 4(1) of the Income Tax Act 2004” is replaced by “sections RP 9 to RP 11 of the Income Tax Act 2007”.

3353 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 167—continued Section 167(2B)(b)(ii): “section NBA 4(1B)(b) of the Income Tax Act 2004” is replaced by “section RP 8(b) of that Act”.

Section 167(4): “combined tax and earner premium deduction or combined tax and earner levy deduction” is replaced by “com- bined tax and earner-related payment”.
Section 168 Section 168, heading: “make tax deductions” is replaced by “with- hold or deduct tax or payments”.

Section 168(1): “make any tax deduction or combined tax and earner premium deduction or combined tax and earner levy deduction” is replaced by “withhold or deduct an amount of tax or combined tax and earner-related payment”.

Section 168(1): “paragraphs (a), (b), (c), and (d) of section NC 15(1) of the Income Tax Act 2004” is replaced by “section RD 4 of the Income Tax Act 2007”.
Section 168(1): “tax deductions” is replaced by “tax or combined tax and earner-related payment”.

Section 168(4)(a): “section NBA 4(1) of the Income Tax Act 2004” is replaced by “sections RP 9 to RP 11 of the Income Tax Act 2007”.

Section 168(4)(b): “section NBA 4(1B)(b) of the Income Tax Act 2004” is replaced by “section RP 8 of that Act”.

Section 169 Section 169, heading: “tax deductions” is replaced by “tax pay- ments”.
Section 169(1): “make any tax deduction or combined tax and earner premium deduction or combined tax and earner levy deduction” is replaced by “withhold or deduct an amount of tax or combined tax and earner-related payment”.

Section 169(1): “that deduction or sum” is replaced by “that tax, payment, or sum,” in each place where it appears.

Section 169(1B)(a): “section NBA 4(1) of the Income Tax Act 2004” is replaced by “sections RP 9 to RP 11 of the Income Tax Act 2007”.
Section 169(1B)(b): “section NBA 4(1B)(b) of the Income Tax Act 2004” is replaced by “section RP 8(b) of that Act”.

3354 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 170 Section 170, heading: “resident withholding tax deductions” is re- placed by “RWT”.

Section 170(1): “The amount of every resident withholding tax de- duction made in accordance with” is replaced by “The amount of RWT withheld under”.

Section 170(2): “resident withholding tax deduction” is replaced by “RWT”.
Section 170(2): “a tax deduction” is replaced by “tax”.

Section 171 Section 171, heading: “make resident withholding tax deductions” is replaced by “withhold RWT”.

Section 171(1): “make any resident withholding tax deduction” is replaced by “withhold RWT”.

Section 171(1): “the deduction correctly been made” is replaced by “the tax been correctly withheld”.

Section 171(2): “resident withholding income” is replaced by “resi- dent passive income”.
Section 171(3): “made a deduction of resident withholding tax from the resident withholding income in relation to which the ﬁrst person failed to make such a deduction” is replaced by “withheld RWT from the resident passive income which the ﬁrst person failed to withhold”.

Section 171(3): “that deduction” is replaced by “that tax”.

Section 172 Section 172, heading: “resident withholding tax deductions con- stitute” is replaced by “RWT constitutes”.
Section 172(1): “to make any tax deduction” is replaced by “withhold RWT”.

Section 172(1): “that tax deduction” is replaced by “that tax”.

Section 173L Section 173L(2)(b) and (3): “tax deducted” is replaced by “tax with- held or deducted” in each place where it appears.

Section 173L(2)(b): “the deduction” is replaced by “the amount was withheld or deducted”.
3355 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 173L—continued Section 173L(3): “the deduction occurred” is replaced by “the amount was withheld or deducted”.

Section 173M Section 173M(5)(b): “section CW 34 or CW 35 of the Income Tax Act 2004” is replaced by “section CW 41 or CW 42 of the Income Tax Act 2007”.

Section 173MB Section 173MB: “section NBA 6(4) of the Income Tax Act 2004” is replaced by “section RP 6(4) of the Income Tax Act 2007”.
Section 173N Section 173N, heading: “rebates” is replaced by “tax credits”.

Section 173N, words before paragraph (a): “rebate” is replaced by “tax credit”.

Section 173P Section 173P(2)(a): “section MB 12 of the Income Tax Act 2004” is replaced by “section RC 12 of the Income Tax Act 2007”.

Section 173Q Section 173Q(1)(b)(ii): “section MB 4(3) of the Income Tax Act 2004” is replaced by “section RC 5(2) and (3) of the Income Tax Act 2007”.
Section 173Q(2)(a): “section MB 12 of the Income Tax Act 2004” is replaced by “section RC 12 of the Income Tax Act 2007”.

Section 173R Section 173R(2)(a): “section MB 12 of the Income Tax Act 2004” is replaced by “section RC 12 of the Income Tax Act 2007”.

Section 174AA Section 174AA: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
3356 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 174AA—continued Section 174AA(b): “tax paid or deducted” is replaced by “tax paid, withheld, or deducted”.

Section 177A Section 177A(3): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 177C Section 177C(5) and (6): “net loss” is replaced by “tax loss” in each place where it appears.
Section 177C(5B) and (5C): is replaced by the following: “(5B) If the Commissioner writes off outstanding tax for a taxpayer who has a tax credit carried forward under section LE 3 of the Income Tax Act 2007, the Commissioner must extinguish an amount of the tax credit on a one-for-one basis.
“(5C) If a taxpayer has both a tax loss to which subsection (5) ap- plies and a tax credit to which subsection (5B) applies, the Commissioner must extinguish the tax loss before extinguish- ing the tax credit.” Section 177D Section 177D(2)(a): “section CX 41B(4) and (5) or section EW 47B(4) and (5) of the Income Tax Act 2004” is replaced by “section CX 48(4) and (5) or EW 46(4) and (5) of the Income Tax Act 2007”.
Section 177D(3)(b) is replaced by the following: “(b) from the payment of unpaid tax or amounts owing to the Commissioner under the PAYE rules, if the unpaid tax or amounts owing relate to PAYE income payments made for the farming business for which the new start grant was paid.” Section 180 Section 180(1)(a): “section ME 5(1)(j) of the Income Tax Act 2004” is replaced by “section OB 54 of the Income Tax Act 2007”.
3357 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 180—continued Section 180(1)(a): “section ME 4(1)(h)” is replaced by “section OB 25”.

Section 180(1)(b): “imputation year” is replaced by “tax year”.

Section 180(1)(c): “sections ME 5(1)(l) to (n) and ME 12(1)(l) and (m) of the Income Tax Act 2004” is replaced by “sections OB 33, OB 38, OP 31, OP 36, and OZ 3 of the Income Tax Act 2007”.
Section 181 Section 181, heading and provisions: “dividend withholding pay- ment” is replaced by “FDP” in each place where it appears.

Section 181(1)(a): “section MG 5(1)(h) of the Income Tax Act 2004” is replaced by “section OC 25 of the Income Tax Act 2007”.

Section 181(1)(a): “section MG 4(1)(d) of the Income Tax Act 2004” is replaced by “section OC 12 of that Act”.

Section 181(1)(b): “imputation year” is replaced by “tax year”.
Section 181(1)(c): “sections MG 5(1)(k) and MG 15(1)(l) of the In- come Tax Act 2004” is replaced by “sections OC 15 and OP 67 of the Income Tax Act 2007”.

Section 181B Section 181B(1)(a): “section MK 5(1)(h) of the Income Tax Act 2004” is replaced by “section OK 17 of the Income Tax Act 2007”.

Section 181B(1)(a): “section MK 4(1)(g) of the Income Tax Act 2004” is replaced by “section OK 9 of that Act”.

Section 180B(1)(b): “imputation year” is replaced by “tax year”.
Section 181B(1)(c): “section MK 5(1)(j) of the Income Tax Act 2004” is replaced by “section OK 13 of the Income Tax Act 2007”.

Section 181C Section 181C(1)(a): “section ME 9(1) of the Income Tax Act 2004” is replaced by “section OB 65 of the Income Tax Act 2007”.

Section 181C(1)(a) and (b): “imputation year” is replaced by “tax year” in each place where it appears.
3358 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 Section 181D Section 181D: “section MK 8(5) or (5B) of the Income Tax Act 2004” is replaced by “sections OK 23 and 24 of the Income Tax Act 2007”.

Section 180D: “imputation year” is replaced by “tax year”.

Section 183 Section 183(1)(e)(i): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 183A Section 183A(1)(e): “dividend withholding payment” is replaced by “FDP”.
Section 183ABA Section 183ABA(1): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 183H Section 183H(a)(ii): “dividend withholding payment” is replaced by “FDP”.

Section 184 Section 184: “section MD 1 of the Income Tax Act 2004” is replaced by “sections LA 6 to LA 8, RM 2, RM 4 to RM 6, RM 8, and RM 10 of the Income Tax Act 2007”.

Section 185 Section 185(1)(a): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 185(1)(b): “sections LD 8 and LD 9 of the Income Tax Act 2004 by way of a refund of dividend withholding payment” is re- placed by “sections LA 6 and LF 8 of the Income Tax Act 2007 by way of a refund of FDP”.

Section 185(1)(e): “subpart KD of the Income Tax Act 2004” is re- placed by “subparts MA to MF and MZ of the Income Tax Act 2007”.

Section 185(1)(f): “section NF 7 or section NG 16 of the Income Tax Act 2004” is replaced by “section RM 8 of that Act”.
3359 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 Section 185—continued Section 185(1)(g): “section NBB 6 of the Income Tax Act 2004” is replaced by “section RP 4 of that Act”.

Section 185D Section 185D(1): “subpart NBB of the Income Tax Act 2004” is replaced by “sections RP 2 to RP 5 of the Income Tax Act 2007 and sections 15C, 15G to 15I, and 15M”.

Section 185D(2): “section NBB 6 of the Income Tax Act 2004” is replaced by “section RP 4 of the Income Tax Act 2007”.
Section 185D(3): “section NBB 6 of this Act” is replaced by “section RP 4 of the Income Tax Act 2007”.

Section 225 Section 225(1), and (1)(a), (e) and (f): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 225(1)(d): “section OC 4 of the Income Tax Act 2004” is replaced by “section 225AA”.
New section 225AA After section 225: insert the following: “225AA Regulations: co-operative dairy and marketing companies “(1) The Governor-General may from time to time, by Order in Council, make regulations for the type of company described in subsection (2) for the purposes described in subsection (3).
“(2) The type of company to which this section applies is a com- pany that— “(a) is 1 of the following: “(i) “(ii) a co-operative dairy company: a co-operative milk marketing company, as de- ﬁned in section 2 of the Co-operative Companies Act 1956: “(iii) a co-operative pig marketing company, as deﬁned in section 2 of the Co-operative Companies Act 1956; and 3360 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 50 New section 225AA—continued “(b) is registered under Part 2 or Part 3 of the Co-operative Companies Act 1996; and “(c) was in existence at the start of the 1988–89 income year; and “(d) was a company to which any of sections 201 to 203 of the Income Tax Act 1976, in force at the time, applied at the time.
“(3) The purposes for which the regulations can be made are— “(a) “(b) “(c) authorising the Commissioner to classify as income, other than as a dividend, of a shareholder of the com- pany some or all of an amount paid to the shareholder on the surrender of a share in the company, or for a share on the liquidation of the company, that is more than the available subscribed capital per share, calculated under the slice rule, of the share: authorising the Commissioner to allocate the income to an income year or income years as the Commissioner thinks ﬁt: conferring on the Commissioner a discretionary power necessary for the purposes of the regulations.
“(4) The regulations made may apply different rules in relation to different classes of companies.

“Compare: 2004 No 35 s OC 4”.

Section 225A Section 225A, heading: “Part KD credit” is replaced by “family assistance credit”.

Section 225A(1)(a): “chief executive of the department for the time being responsible for the administration of the Social Security Act 1964” is replaced by “chief executive of the administering depart- ment”.
Section 225A(1)(a) and (b), and (2)(a) and (b): “section KD 6(1)(b) of the Income Tax Act 2004” is replaced by “section 80KP” in each place where it appears.

Section 225A(2)(b)(iii) and (iv): “subpart KD credit” is replaced by “family assistance credit” in each place where it appears.
3361 Schedule 50 Income Tax Act 2007 Reprinted as at 13 June 2013 New section 225B After section 225A: insert the following: “225B Order in Council amending schedule 27 “(1) The Governor-General may from time to time, by Order in Council, amend schedule 27 of the Income Tax Act 2007 by— adding a country or territory outside New Zealand: “(a) adding types of income for a country or territory outside “(b) New Zealand: omitting a country or territory outside New Zealand: “(c) “(d) omitting types of income for a country or territory out- side New Zealand.
“(2) An amendment by Order in Council under subsection (1)(a) or (b) is repealed on 31 December in the tax year following the tax year in which the Order in Council is made, unless Parliament otherwise enacts.

“Compare: 2004 No 35 s LC 1A(1), (2)”.

Section 226 Section 226(1) and (2): “Income Tax Act 2004” is replaced by “In- come Tax Act 2007” in each place where it appears.

Schedule Schedule: add “Income Tax Act 2007”.


Schedule 50 section 3(4)(b): item repealed (with effect on 1 April 2008), on 6 October 2009, by section 591(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 50 Part 2B: item repealed (with effect on 1 April 2008), on 6 October 2009, by section 591(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 50 section 33A(1)(a)(iiic): item repealed, on 1 April 2008, by section 561 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).

Schedule 50 section 33C(1)(b): item repealed, on 1 April 2008, by section 561 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
Schedule 50 section 61: item amended (with effect on 1 April 2008), on 29 August 2011 (applying for the 2008–09 and later income years), by section 140(1) of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).

Schedule 50 section 120KE(6)(a): item repealed, on 1 April 2008, by section 561 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
Schedule 50 section 125(d): item repealed (with effect on 1 April 2008), on 6 October 2009, by section 591(3) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

3362 Reprinted as at 13 June 2013 Schedule—continued Income Tax Act 2007 Schedule 50 Schedule 50 section 141B: item repealed, on 1 April 2008, by section 561 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
3363 Schedule 51 Income Tax Act 2007 Schedule 51 Identiﬁed changes in legislation Reprinted as at 13 June 2013 s ZA 3(5) Provisions in Income Tax Act 2007 or Tax Administration Act 1994 (TAA) Business-related provisions, listed in the appendix to this schedule CD 39(9)(b), (c) FA 3(2) FA 5(6) FA 9(2) and (3) FC 2 to FC 6 GB 1 3364 Change The tax year basis for these provisions is omit- ted, or changed to an income year basis.
A dividend payable to a shareholder by a com- pany when the amount is applied under section CD 39(9)(a) by the shareholder against a loan from the company to the shareholder includes a dividend that is paid without any withhold- ing of an amount of resident withholding tax or non-resident withholding tax.

An ambiguity is removed, which ensures that an amount of the dividend is treated as being derived on the sale of the shares to the extent to which it matches any trading loss of the share dealer.
The time of association is clariﬁed as being the time at which the associated person acquires the asset.

The time of association is clariﬁed as being the time at which the associated person acquires the asset.

The transfer on death to the executor/adminis- trator and the subsequent transfer from the ex- ecutor/administrator to the estate is treated as one transfer.

Section GB 1(3) is clariﬁed to conﬁrm that the amount of the dividend derived is part of the consideration for the shares.
Reprinted as at 13 June 2013 Provisions in Income Tax Act 2007 or Tax Administration Act 1994 (TAA) GB 27(2)(c) GB 35(2)(d) GB 42(2)(d) HC 27(2) HC 34(2) IA 4(1) LA 1 to LA 10 LC 9(2) Income Tax Act 2007 Schedule 51 Change The $60,000 threshold is clariﬁed in order to take into account all income that would be at- tributed under section GB 29.

The ambiguity is removed in order to clarify that multiple purposes are referred to.


The deﬁnition of settlor is clariﬁed so that any transfer to a trust that increases the net assets of the trust is a settlement on the trust and any deductible payments settled on a trust are in- cluded in trustee income.

The date for the payment of tax on a taxable distribution from a non-complying trust is the terminal tax date of the person liable to pay that tax.
Carried forward tax losses are used ﬁrst by a person, before the losses may be grouped or otherwise used.

Tax credits (other than personal and family tax credits) are used for the year that corresponds to the income year in which the credits arise.

This rule relates to the housekeeper and low income tax credits (formerly termed rebates).

The policy of the rule is to apportion income of an absentee between periods of the person’s absence and presence in New Zealand.
The apportionment set out in the bill is on a daily basis.

In the interests of simpliﬁcation, the bill omits from the 2004 Act corresponding rule, the formula that apportioned the income on a “weeks” basis for persons with “regular pay periods”.
A change in effect is anticipated, but 3365 Schedule 51 Income Tax Act 2007 Reprinted as at 13 June 2013 Provisions in Income Tax Act 2007 or Tax Administration Act 1994 (TAA) MC 6 RD 36(2) YA 1, deﬁnition of land YA 1, deﬁnition of mortgage 3366 Change the omission should result at most in a small difference in outcome in favour of taxpayers.

The New Zealand Law Society indicated in their submission on the bill that it would be preferable to list this as an intended change.
The reference to veteran’s pension is omitted because the in-work tax credit is an incentive to return to work.

A dividend payable to a shareholder by a com- pany when the amount is applied under sec- tion RD 36(1) by the shareholder against a loan from the company to the shareholder includes a dividend that is paid without any withhold- ing of an amount of resident withholding tax or non-resident withholding tax.
The provision is simpliﬁed and structured so that the ﬁrst 3 paragraphs of the rewritten def- inition are to apply generally for the Act.

This is consistent with the objectives of plain acces- sible legislation and is thought highly unlikely to result in any material change in law.

How- ever, as this change in drafting could conceiv- ably result in a change in outcome in some cir- cumstances, the change should be identiﬁed for readers.
The deﬁnition of mortgage was introduced at a time when mortgages were subject to tax as a subset of land tax.

The drafting in the bill provides for an updated and simpliﬁed term to apply generally for the Act.

This is consis- tent with the objectives of plain accessible and up-to-date legislation and is thought highly un- likely to result in any material change in law.
Reprinted as at 13 June 2013 Provisions in Income Tax Act 2007 or Tax Administration Act 1994 (TAA) YA 1, deﬁnition of natural resource YA 1, deﬁnition of pay Income Tax Act 2007 Schedule 51 Change However, as this change in drafting could con- ceivably result in a change in outcome in some circumstances, the change should be identiﬁed for readers.

A deﬁnition of natural resource is inserted for the purposes of section BH 1, and the deﬁni- tions of land and New Zealand.
The provision is simpliﬁed and structured so it is to apply generally for the Act.

This is con- sistent with the objectives of plain accessible legislation and is thought highly unlikely to re- sult in any material change in law.

However, as this change in drafting could conceivably result in a change in outcome in some circumstances, the change should be identiﬁed for readers.
Schedule 51: amended (with effect on 1 April 2008), on 21 December 2010 (applying for the 2008–09 and later income years), by section 141(1) of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).

Schedule 51: amended (with effect on 1 April 2008), on 21 December 2010 (applying for the 2008–09 and later income years), by section 141(2) of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).
Schedule 51: amended (with effect on 1 April 2008), on 7 December 2009, by section 125(1) of the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63).

Schedule 51: amended (with effect on 1 April 2008), on 7 December 2009, by section 125(2) of the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63).
Schedule 51: amended (with effect on 1 April 2008), on 6 October 2009, by section 592 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
3367 Schedule 51 Income Tax Act 2007 Reprinted as at 13 June 2013 Appendix: tax year omitted, or changed to income year CC 11 CC 12 CG 7 CH 6 CS 18 CV 12 CV 13 CV 14 CW 53 CW 54 CX 59 DB 57 EY 11 FA 3 FA 5 FA 8 FA 9 FA 10 FA 11 FB 2 FB 8 FB 13 FB 19 FB 20 FC 4(2)(c) FE 2 FE 5 FE 7 FE 8 FE 21 FE 22 FE 37 FF 2 3368 FO 20 GB 1 GB 4 GB 27 GB 28 GB 29 GC 5 GC 9(1) HA 42 HC 7 HC 8 HC 10(4) HC 13 HC 15 HC 16 HC 17 HC 18 HC 19 HC 20 HC 21 HC 22 HC 25 HC 26(1) HC 29 HC 30(6) HC 31 HC 32(1) HC 34 HC 35(4)(a) HC 36(3) HD 5 HF 7 HR 3(1)–(4) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 51 RD 3 RF 2 RG 7(4) and (7) YA 1, deﬁnition of ﬁrst business day YA 1, deﬁnition of herd livestock 93B TAA FF 5 FF 6 FF 7 FF 9 FF 10 FM 14 FN 14 FO 4 FO 7 FO 9 FO 12 FO 13 FO 14 FO 16 FO 19 3369 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Schedule 52 Comparative tables of old and rewritten provisions s ZA 6 Part A—Income Tax Act 2004 and other legislation and regu- lations: corresponding provisions in Income Tax Act 2007 or Tax Administration Act 1994.
Part B—Income Tax Act 2007: corresponding provisions in the Income Tax Act 2004 and other legislation and regulations.

Part C—New provisions in the Tax Administration Act 1994: cor- responding provisions in the Income Tax Act 2004.

Part A Income Tax Act 2004 and other legislation and regulations: corresponding provisions in Income Tax Act 2007 or Tax Administration Act 1994 Notes 1 2 The letters “TAA” indicate that the provision referred to ap- pears in the Tax Administration Act 1994.
Provisions shown as omitted have been omitted because they are spent or redundant.
Provision in Income Tax Act 2004 (unless otherwise stated) A 1 A2 PART A AA 1 AA 2 AA 3(1) AA 3(2) PART B Subpart BA BA 1 Subpart BB BB 1 3370 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 A 1 A 2 AA 1 AA 2 omitted AA 3 BA 1 BB 1 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) BB 2 BB 2(3) BB 3 Subpart BC BC 1 BC 2 BC 3 BC 4 BC 4(4) BC 5 BC 6(1) BC 6(2)–(4) BC 6(5) BC 7 BC 8(1) BC 8(2) BC 9 BC 9(1) BC 10 Subpart BD BD 1 BD 2 BD 3 BD 4 Subpart BE BE 1 BE 1(1), (4), (5) BE 1(2), (3), (6) Subpart BF BF 1 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 BB 2 RA 4 BB 3 BC 1, RB 2 BC 2 BC 3 BC 4 IA 2(1), (2), IA 3(2)(a), (4) BC 5 BC 6(1) omitted BC 6(2) BC 7, RB 3 LA 7 LA 4 BC 8, LA 2, LA 3, LA 5, LA 10, RA 3 LA 4, LA 9 LA 4, LA 5 BD 1 BD 2 BD 3 BD 4 BE 1 RA 5 RA 6 BF 1 3371 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 Subpart BG BG 1 Subpart BH BH 1 PART C Subpart CA CA 1 CA 2 Subpart CB CB 1 CB 2 CB 3 CB 4 CB 4B CB 5 CB 6 CB 6B CB 7 CB 8 CB 9 CB 10 CB 11 CB 12 CB 13 CB 14 CB 15 CB 16 CB 17 CB 18 CB 19 CB 20 3372 BG 1 BH 1 CA 1 CA 2 CB 1 CB 3 CB 4 CB 5 CB 26 CB 6 CB 7 CB 8 CB 9 CB 10 CB 11 CB 12 CB 13 CB 14 CB 15 CB 16 CB 17 CB 18 CB 19 CB 20 CB 21 CB 22 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CB 21 CB 22 CB 23 CB 24 CB 24B CB 25 CB 26 CB 27 CB 28 Subpart CC CC 1 CC 2 CC 3 CC 4 CC 5 CC 6 CC 7 CC 8 CC 9 CC 10 Subpart CD CD 1 CD 1B CD 2 CD 3 CD 4 CD 5 CD 6 CD 7 CD 7B CD 7C Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CB 23 CB 24 CB 25 CB 27 CB 28 CB 29 CB 30 CB 31 CB 32 CC 1 CC 2 CC 3 CC 4 CC 5 CC 6 CC 7 CC 8 CC 9 CC 10 CD 1 CD 2 CD 3 CD 4 CD 5 CD 6 CD 7 CD 8 CD 9 CD 10 3373
 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CD 8 CD 9 CD 10 CD 10B CD 10C CD 11 CD 12 CD 13 CD 14 CD 15 CD 16 CD 17 CD 18 CD 19 CD 20 CD 21 CD 21B CD 22 CD 23 CD 24 CD 24B CD 25 CD 26 CD 27 CD 28 CD 29 CD 30 CD 31 CD 32 CD 33 CD 34 3374 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CD 13 CD 15, OC 1(5) CD 16 CD 17 CD 18 CD 19 CD 20 CD 21 CD 22 CD 23 CD 24 CD 25 CD 26 CD 27 CD 28 CD 29 CD 30 CD 31 CD 32 CD 33 CD 34 CD 35 CD 36 CD 38 CD 39 CD 40 CD 41 CD 42 CD 43 CD 44 CD 45 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CD 35 CD 36 CD 37 CD 38 CD 39 CD 40 CD 41 CD 42 CD 43 Subpart CE CE 1 CE 2 CE 3 CE 4 CE 5 CE 6 CE 7 CE 8 CE 9 CE 10 CE 11 CE 12 Subpart CF CF 1 CF 2 Subpart CG CG 1 CG 2 CG 3 CG 4 CG 5 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CD 46 CD 47 CD 48 CD 49 CD 50 CD 51 CD 52 CD 53 CD 54 CE 1 CE 2 CE 3 CE 4 CE 5 CE 6 CE 7 CE 8 CE 9 CE 10 CE 11 CE 12 CF 1 CF 2 CG 1 CG 2 CG 3 CG 4 CG 5 3375 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CG 6 Subpart CH CH 1 CH 2 CH 3 CH 4 CH 5 Subpart CP CP 1 Subpart CQ CQ 1 CQ 2 CQ 3 CQ 4 CQ 5 CQ 6 Subpart CR CR 1 CR 2 Subpart CS CS 1 CS 2 CS 3 CS 4 CS 5 CS 6 CS 7 CS 8 CS 9 CS 10 CS 11 3376 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CG 6 CH 1 CH 2 CH 3 CH 4 CH 5 CP 1 CQ 1 CQ 2 CQ 3 CQ 4 CQ 5 CQ 6 CR 1 CR 2 CS 1 CS 2 CS 3 CS 4 CS 5 CS 6 CS 7 CS 8 CS 9 CS 10 CS 11 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CS 12 CS 13 CS 14 CS 15 CS 16 CS 17 Subpart CT CT 1 CT 2 CT 3 CT 4 CT 5 CT 6 CT 7 Subpart CU CU 1 CU 2 CU 3 CU 4 CU 5 CU 6 CU 7 CU 8 CU 9 CU 10 CU 11 CU 12 CU 13
 CU 14 CU 15 CU 16 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CS 12 CS 13 CS 14 CS 15 CS 16 CS 17 CT 1 CT 2 CT 3 CT 4 CT 5 CT 6 CT 7 CU 1 CU 2 CU 3 CU 4 CU 5 CU 6 CU 7 CU 8 CU 9 CU 10 CU 11 CU 12 CU 13 CU 14 CU 15 CU 16 3377 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CU 17 CU 18 CU 19 CU 20 CU 21 CU 22 CU 23 CU 24 CU 25 CU 26 CU 27 CU 28 CU 29 Subpart CV CV 1 CV 2 CV 3 CV 4 Subpart CW CW 1 CW 2 CW 3 CW 4 CW 5 CW 6 CW 7 CW 8 CW 9 CW 10 CW 11 CW 11B 3378 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CU 17 CU 18 CU 19 CU 20 CU 21 CU 22 CU 23 CU 24 CU 25 CU 26 CU 27 CU 28 CU 29 CV 1 CV 6 CV 7 CV 8 CW 1 CW 2 CW 3 CW 4 CW 5 CW 6 CW 7 CW 8 CW 9 CW 10 CW 11 CW 12 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CW 11C CW 12 CW 13 CW 14 CW 15 CW 16 CW 17 CW 18 CW 19 CW 20 CW 21 CW 22 CW 22B CW 23 CW 23B CW 24 CW 25 CW 26 CW 27 CW 28 CW 28B CW 29 CW 30 CW 31 CW 32 CW 33 CW 34 CW 35 CW 36 CW 37 CW 38 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CW 13 CW 16 CW 17 CW 18 CW 19 CW 20 CW 21 CW 22 CW 23 CW 24 CW 25 CW 26 CW 27 CW 28 CW 29 CW 30 CW 31 CW 32 CW 33 CW 34 CW 35 CW 36 CW 37 CW 38 CW 39 CW 40 CW 41 CW 42 CW 43 CW 44 CW 45 3379 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CW 39 CW 40 CW 40B CW 41 CW 42 CW 43 CW 44 CW 45 CW 45B CW 46 CW 47 CW 48 CW 49 CW 49B CW 50 CW 51 Subpart CX CX 1 CX 1B CX 2 CX 3 CX 4 CX 5 CX 6 CX 6B CX 7 CX 8 CX 9 CX 10 CX 11 CX 12 3380 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CW 46 CW 47 CW 48 CW 49 CW 50 CW 51 CW 52 CW 56 CW 57 CW 58 CW 59 CW 60 CW 61 CW 62 CW 64 omitted CX 1 CX 50 CX 2 CX 3 CX 4 CX 5 CX 6 CX 7 CX 8 CX 9 CX 10 CX 11 CX 12 CX 13
 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CX 13 CX 14 CX 15 CX 16 CX 17 CX 18 CX 18B CX 19 CX 20 CX 20B CX 21 CX 22 CX 23 CX 24 CX 25 CX 26 CX 26B CX 27 CX 27B CX 28 CX 29 CX 30 CX 31 CX 32 CX 33 CX 34 CX 35 CX 36 CX 37 CX 38 CX 39 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CX 14 CX 15 CX 16 CX 17 CX 19 CX 20 CX 21 CX 22 CX 23 CX 24 CX 25 CX 26 CX 27 CX 28 CX 29 CX 30 CX 31 CX 32 CX 33 CX 34 CX 35 CX 36 CX 37 CX 38 CX 39 CX 40 CX 41 CX 42 CX 43 CX 44 CX 45 3381 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CX 40 CX 41 CX 41B CX 42 CX 43 CX 43B CX 44 CX 44B CX 44C CX 44D CX 44E CX 45 Subpart CY CY 1 Subpart CZ CZ 1 CZ 2 CZ 3 CZ 4 CZ 5 CZ 6 CZ 7 CZ 8 CZ 9 CZ 10 CZ 11 CZ 12 CZ 13 CZ 14 CZ 15 CZ 16 3382 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CX 46 CX 47 CX 48 CX 49 CX 51 CX 52 CX 53 CX 54 CX 55 CX 56 CX 57 omitted omitted CZ 1 CZ 2 CZ 3 CZ 4 CZ 5 CZ 6 CZ 7 CZ 8 CZ 9 CZ 10 CZ 11 CZ 12 CZ 13 CZ 14 CZ 15 CZ 16 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CZ 17 CZ 18 CZ 19 CZ 20 PART D Subpart DA DA 1 DA 2 DA 3 DA 4 Subpart DB DB 1 DB 2 DB 3 DB 4 DB 5 DB 6 DB 7 DB 8 DB 9 DB 9B DB 10 DB 11 DB 12 DB 12B DB 12C DB 13 DB 13B DB 14 DB 15 DB 16 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CZ 17 CZ 18 CZ 19 CZ 22 DA 1 DA 2 DA 3 DA 4 DB 1 DB 2 DB 3 DB 4 DB 5 DB 6 DB 7 DB 8 DB 11 DB 12 DB 13 DB 14 DB 15 DB 16 DB 17 DB 18 DB 19 DB 20 DB 21 DB 22 3383 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) DB 17 DB 18 DB 19 DB 20 DB 21 DB 22 DB 23 DB 24 DB 25 DB 26 DB 27 DB 28 DB 28B DB 29 DB 30 DB 31 DB 32 DB 33 DB 34 DB 35
 DB 36 DB 37 DB 38 DB 39 DB 40 DB 41 DB 42 DB 43 DB 43B DB 43C DB 44 3384 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 DB 23 DB 24 DB 26 DB 27 DB 28 DB 30 DB 31 DB 32 DB 33 DB 34 DB 35 DB 36 DB 37 DB 38 DB 39 DB 40 DB 41 DB 42 DB 43 DB 44 DB 45 DB 46 DB 47 DB 48 DB 49 DB 50 DB 51 DB 52 DB 53 DB 54 DB 55 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) DB 45 Subpart DC Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 DB 56 DC 1 DC 2 DC 3 DC 4 DC 5 DC 6 DC 7 DC 8 DC 9 DC 10 DC 11 DC 12 DC 13 DC 14 Subpart DD DD 1 DD 2 DD 3 DD 4 DD 5 DD 6 DD 7 DD 8 DD 9 DD 10 DD 11 Subpart DE DE 1 DE 2 DC 1 DC 2 DC 3 DC 4 DC 6 DC 7 DC 8 DC 9 DC 10 DC 11 DC 12 DC 13 DC 14 DC 15 DD 1 DD 2 DD 3 DD 4 DD 5 DD 6 DD 7 DD 8 DD 9 DD 10 DD 11 DE 1 DE 2 3385 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) DE 3 DE 4 DE 5 DE 6 DE 7 DE 8 DE 9 DE 10 DE 11 DE 12 Subpart DF DF 1 DF 2 DF 3 DF 4 Subpart DN DN 1 DN 2 DN 3 DN 4 DN 5 DN 6 DN 7 DN 9 Subpart DO DO 1 DO 2 DO 3 DO 4 DO 4B DO 4C 3386 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 DE 3 DE 4 DE 5 DE 6 DE 7 DE 8 DE 9 DE 10 DE 11 DE 12 DF 1 DF 2 DF 3 DF 4 DN 1 DN 2 DN 3 DN 4 DN 5 DN 6 DN 7 DN 8 DO 1 DO 2 DO 3 DO 4 DO 5 DO 6 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) DO 4D DO 4E “planting”, “plot” DO 4E “replaced area fraction” DO 5 DO 5B DO 6 DO 7 Subpart DP DP 1 DP 2 DP 3 DP 3B DP 4 DP 5 DP 6 DP 7 DP 8 DP 9 DP 10 Subpart DQ DQ 1 DQ 2 DQ 3 DQ 4 Subpart DR DR 1 DR 2 DR 3 Subpart DS DS 1 DS 2 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 DO 7 DO 8 DO 9 DO 10 DO 11 DO 12 DO 13 DP 1 DP 2 DP 3 DP 4 DP 5 DP 6 DP 7 DP 8 DP 9 DP 10(1), (2) DP 11 DQ 1 DQ 2 DQ 3 DQ 4 DR
 1 DR 2 DR 3 DS 1 DS 2 3387 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) DS 3 DS 4 Subpart DT DT 1 DT 2 DT 3 DT 4 DT 5 DT 6 DT 7 DT 8 DT 9 DT 10 DT 11 DT 12 DT 13 DT 14 DT 15 DT 16 DT 17 DT 18 DT 19 DT 20 Subpart DU DU 1 DU 2 DU 3 DU 4 DU 5 DU 6 DU 7 3388 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 DS 3 DS 4 DT 1 DT 2 DT 3 DT 4 DT 5 DT 6 DT 7 DT 8 DT 9 DT 10 DT 11 DT 12 DT 13 DT 14 DT 15 DT 16 DT 17 DT 18 DT 19 DT 20 DU 1 DU 2 DU 3 DU 4 DU 5 DU 6 DU 7 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) DU 8 DU 9 DU 10 DU 11 DU 12 Subpart DV DV 1 DV 2 DV 3 DV 4 DV 5 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 DU 8 DU 9 DU 10 DU 11 DU 12 DV 1 DV 2 DV 3 DV 4 DV 5 DV 5(4)(b) IA 2(4)(b)(i), IA 7(4)(a) DV 6 DV 7 DV 7(2) DV 8 DV 9 DV 9(2) DV 10 DV 10B DV 11 DV 12 DV 13 Subpart DW DW 1 DW 2 Subpart DX DX 1 Subpart DY DY 1 DY 2 DV 6 DV 7 IA 2(4)(b)(ii), IA 7(4)(b) DV 8 DV 9 HC 24(4) DV 10 DV 11 DV 12 DV 13 DV 14 DW 1 DW 2 DX 1 omitted omitted 3389 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 Subpart DZ DZ 1 DZ 2 DZ 3 DZ 4 DZ 5 DZ 6 DZ 7 DZ 8 DZ 9 DZ 10 DZ 11 DZ 12 DZ 13 DZ 14 DZ 15 DZ 16 DZ 17 PART E Subpart EA EA 1 EA 2 EA 3 EA 4 Subpart EB EB 1 EB 2 EB 3 EB 4 EB 5 EB 6 3390 DZ 1 DZ 2 DZ 3 DZ 4 DZ 5 DZ 6 DZ 7 DZ 8 DZ 9 DZ 10 DZ 11 DZ 12 DZ 13 DZ 15 DZ 16 DZ 17 DZ 18 EA 1 EA 2 EA 3 EA 4 EB 1 EB 2 EB 3 EB 4 EB 5 EB 6 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EB 7 EB 8 EB 9 EB 10 EB 11 EB 12 EB 13 EB 14 EB 15 EB 16 EB 17 EB 18 EB 19 EB 20 EB 21 EB 22 EB 23 Subpart EC EC 1 EC
 2 EC 3 EC 5 EC 5B EC 6 EC 7 EC 8 EC 9 EC 10 EC 11 EC 12 EC 13 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EB 7 EB 8 EB 9 EB 10 EB 11 EB 12 EB 13 EB 14 EB 15 EB 16 EB 17 EB 18 EB 19 EB 20 EB 21 EB 22 EB 23 EC 1 EC 2 EC 3 EC 4 EC 5 EC 6 EC 7 EC 8 EC 9 EC 10 EC 11 EC 12 EC 13 3391 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EC 14 EC 15 EC 16 EC 17 EC 18 EC 19 EC 20 EC 21 EC 22 EC 23 EC 24 EC 25 EC 26 EC 27 EC 28 EC 29 EC 30 EC 31 EC 32 EC 33 EC 34 EC 35 EC 36 EC 37 EC 38 EC 39 EC 40 EC 41 EC 42 EC 43 EC 44 3392 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EC 14 EC 15 EC 16 EC 17 EC 18 EC 19 EC 20 EC 21 EC 22 EC 23 EC 24 EC 25 EC 26 EC 27 EC 28 EC 29 EC 30 EC 31 EC 32 EC 33 EC 34 EC 35 EC 36 EC 37 EC 38 EC 39 EC 40 EC 41 EC 42 EC 43 EC 44 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EC 45 EC 46 EC 47 EC 48 Subpart ED ED 1 ED 2 Subpart EE EE 1 EE 2 EE 3 EE 4 EE 5 EE 6 EE 7 EE 8 EE 9 EE 10 EE 11 EE 12 EE 13 EE 14 EE 15 EE 16 EE 17 EE 18 EE 19 EE 20 EE 21 EE 22 EE 23 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EC 45 EC 46 EC 47 EC 48 ED 1 ED 2 EE 1 EE 2 EE 3 EE 4 EE 5 EE 6 EE 7 EE 8 EE 9 EE 10 EE 11 EE 12 EE 13 EE 14 EE 15 EE 16 EE 17 EE 18 EE 19 EE 20 EE 21 EE 22 EE 23 3393 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EE 24 EE 24B EE 25 EE 25B EE 25C EE 25D EE 25E EE 26 EE 26B EE 27 EE 27B EE 28 EE 29 EE 30 EE 31 EE 32 EE 33 EE 34 EE 35 EE 36 EE 37 EE 38 EE 39 EE 40 EE 41 EE 42 EE 43 EE 44 EE 44B EE 45 EE 46 3394 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EE 24 EE 25 EE 26 EE 27 EE 28 EE 29 EE 30 EE 31 EE 32 EE 33 EE 34 EE 35 EE 36 EE 37 EE 38 EE 39 EE 40 EE 41 EE
 42 EE 43 EE 44 EE 45 EE 46 EE 47 EE 48 EE 49 EE 51 EE 52 EE 53 EE 54 EE 55 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EE 47 EE 48 EE 49 EE 50 EE 51 EE 52 EE 53 EE 54 EE 55 EE 56 EE 57 EE 58 Subpart EF EF 1 EF 2 EF 3 EF 4 EF 5 EF 6 Subpart EG EG 1 EG 2 EG 3 Subpart EH EH 1 EH 2 EH 3 EH 4 EH 5 EH 6 EH 7 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EE 56 EE 57 EE 58 EE 59 EE 60 EE 61 EE 62 EE 63 EE 64 EE 65 EE 66 EE 67 EF 1 EF 2 EF 3 EF 4 EF 5 EF 6 EG 1 EG 2 EG 3 EH 1 EH 2 EH 3 EH 4 EH 5 EH 6 EH 7 3395 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EH 8 EH 9 EH 10 EH 11 EH 12 EH 13 EH 14 EH 15 EH 16 EH 17 EH 18 EH 19 EH 20 EH 21 EH 22 EH 23 EH 24 EH 25 EH 26 EH 27 EH 28 EH 29 EH 30 EH 31 EH 32 EH 33 EH 34 EH 35 EH 37 EH 38 EH 39 3396 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EH 8 EH 9 EH 10 EH 11 EH 12 EH 13 EH 14 EH 15 EH 16 EH 17 EH 18 EH 19 EH 20 EH 21 EH 22 EH 23 EH 24 EH 25 EH 26 EH 27 EH 28 EH 29 EH 30 EH 31 EH 32 EH 33 EH 34 EH 35 EH 36 EH 37 EH 38 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EH 40 EH 41 EH 42 EH 43 EH 44 EH 45 EH 46 EH 47 EH 48 EH 49 EH 50 EH 51 EH 52 EH 53 EH 54 EH 55 EH 56 EH 57 EH 58 EH 59 EH 60 EH 61 EH 62 EH 64 EH 65 EH 66 EH 67 EH 68 EH 69 EH 70 EH 71 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EH 39 EH 40 EH 41 EH 42 EH 43 EH 44 EH 45 EH 46 EH 47 EH 48 EH 49 EH 50 EH 51 EH 52 EH 53 EH 54 EH 55 EH 56 EH 57 EH 58 EH 59 EH 60 EH 61 EH 62 EH 63 EH 64 EH 65 EH 66 EH 67 EH 68 EH 69 3397 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EH 72 EH 73 EH 74 EH 75 EH 76 EH 77 EH 78 EH 79 EH
 80 EH 81 Subpart EI EI 1 EI 2 EI 3 EI 3B EI 4 EI 5 EI 6 EI 7 EI 8 Subpart EJ EJ 1 EJ 2 EJ 3 EJ 4 EJ 5 EJ 6 EJ 7 EJ 8 EJ 9 EJ 10 3398 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EH 70 EH 71 EH 72 EH 73 EH 74 EH 75 EH 76 EH 77 EH 78 EH 79 EI 1 EI 2 EI 3 EI 4 EI 5 EI 6 EI 7 EI 8 EI 9 EJ 1 EJ 2 EJ 3 EJ 4 EJ 5 EJ 6 EJ 7 EJ 8 EJ 10 EJ 11 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EJ 11 EJ 12 EJ 13 EJ 14 EJ 15 EJ 16 EJ 17 EJ 18 EJ 19 EJ 20 EJ 21 Subpart EK EK 1 EK 2 EK 3 EK 4 EK 5 EK 6 EK 7 EK 8 EK 9 EK 10 EK 11 EK 12 EK 13 EK 14 EK 15 EK 16 EK 17 EK 18 EK 19 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EJ 12 EJ 13 EJ 15 EJ 16 EJ 17 EJ 18 EJ 19 EJ 20 EJ 21 EJ 22 EJ 23 EK 1 EK 2 EK 3 EK 4 EK 5 EK 6 EK 7 EK 8 EK 9 EK 10 EK 11 EK 12 EK 13 EK 14 EK 15 EK 16 EK 17 EK 18 EK 19 3399 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EK 20 EK 21 EK 22 EK 23 Subpart EW EW 1 EW 2 EW 3 EW 4 EW 5 EW 6 EW 7 EW 8 EW 9 EW 10 EW 11 EW 12 EW 13 EW 14 EW 15 EW 16 EW 17 EW 18 EW 19 EW 20 EW 21 EW 22 EW 23 EW 24 EW 25 EW 26 3400 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EK 20 EK 21 EK 22 EK 23 EW 1 EW 2 EW 3 EW 4 EW 5 EW 6 EW 7 EW 8 EW 9 EW 10 EW 11 EW 12 EW 13 EW 14 EW 15 EW 16 EW 17 EW 18 EW 19 EW 20 EW 21 EW 22 EW 23 EW 24 EW 25 EW 26 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EW 27 EW 28 EW 29 EW 30 EW 31 EW 32 EW 33 EW 34 EW 35 EW 36 EW 37 EW 38 EW 40 EW 41 EW 42 EW 43 EW 45 EW 46 EW 47 EW 47B EW 48 EW 49 EW 50 EW 51 EW 52 EW 52B EW 53 EW 54 EW 55 EW 56 EW 57 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EW 27 EW 28 EW 29 EW 30 EW 31 EW 32 EW 33 EW 34 EW 35 EW 36 EW 37 EW 38 EW 39 EW
 40 EW 41 EW 42 EW 43 EW 44 EW 45 EW 46 EW 47 EW 48 EW 49 EW 50 EW 51 EW 52 EW 53 EW 54 EW 55 EW 56 EW 57 3401 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EW 58 EW 59 EW 60 EW 61 EW 62 EW 63 Subpart EX EX 1 EX 2 EX 3 EX 4 EX 5 EX 6 EX 7 EX 8 EX 9 EX 10 EX 11 EX 12 EX 13 EX 14 EX 15 EX 16 EX 17 EX 18 EX 19 EX 20 EX 21 EX 22 EX 23 EX 24 3402 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EW 58 EW 59 EW 60 EW 61 EW 62 EW 63 EX 1 EX 2 EX 3 EX 4 EX 5 EX 6 EX 7 EX 8 EX 9 EX 10 EX 11 EX 12 EX 13 EX 14 EX 15 EX 16 EX 17 EX 18 EX 19 EX 20 EX 21 EX 22 EX 23 YA 1 “grey list company” Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EX 25 EX 26 EX 27 EX 28 EX 29 EX 30 EX 31 EX 32 EX 33(1), (2) EX 33(3) EX 33(4) EX 33(5) EX 33B(1), (3) EX 33B(2), (3) EX 33C EX 33D EX 33E EX 34 EX 35 EX 36 EX 37 EX 38 EX 39 EX 40 EX 40B EX 41 EX 42 EX 43 EX 44 EX 44(7) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EX 24 EX 25 EX 26 EX 27 EX 28 EX 29 EX 30 EX 34 EX 35 EX 36 EX 37 EX 38 EX 39 EZ 32 EX 31 EX 32 EX 33 EX 40 EX 41 EX 42 EX 43 EX 44 EX 45 EX 46 EX 47 EX 48 EX 49 EX 50 EX 51 EX 57 EX 44B(1), (3) EX 53(1)(b) 3403 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EX 44B(2) EX 44B(4) EX 44C EX 44C(11) EX 44D EX 44D(13) EX 44E EX 45 EX 45(15) EX 45B EX 45B(17) EX 46 EX 47 EX 48 EX 49 EX 50 EX 51 EX 52 EX 53 EX 54 EX 54B EX 56 EX 57 EX 58 EX 59 EX 60 Subpart EY EY 1 EY 2 EY 3 EY 4 3404 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EX 52(1)(b) omitted EX 52 EX 57 EX 53 EX 57 EX 54 EX 55 EX 57 EX 56 EX 57 EX 58 EX 59 EX 60 EX 61 EX 62 EX 63 EX 64 EX 65 EX 66 EX 67 EX 68 EX 69 EX 70 EX 71 EX 72 EY 1 EY 2 EY 3 EY 4 Reprinted as at 13 June
 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EY 5 EY 6 EY 7 EY 8 EY 9 EY 10 EY 11 EY 12 EY 13 EY 14 EY 15 EY 16 EY 17 EY 18 EY 19 EY 20 EY 21 EY 22 EY 23 EY 24 EY 25 EY 26 EY 27 EY 28 EY 29 EY 30 EY 31 EY 32 EY 33 EY 34 EY 35 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EY 5 EY 6 EY 7 EY 8 EY 9 EY 10 EY 12 EY 13 EY 14 EY 15 EY 16 EY 17 EY 18 EY 19 EY 20 EY 21 EY 22 EY 23 EY 24 EY 25 EY 26 EY 27 EY 28 EY 29 EY 30 EY 31 EY 32 EY 33 EY 34 EY 35 EY 36 3405 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EY 36 EY 37 EY 38 EY 39 EY 40 EY 41 EY 42 EY 42(10) EY 43 EY 44 EY 45 EY 46 EY 47 EY 48 Subpart EZ EZ 1 EZ 2 EZ 3 EZ 4 EZ 4B EZ 4C EZ 5 EZ 6 EZ 8 EZ 9 EZ 10 EZ 11 EZ 12 EZ 13 EZ 14 EZ 15 3406 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EY 37 EY 38 EY 39 EY 40 EY 41 EY 42 EY 43 IA 7(3) EY 44 EY 45 EY 46 EY 47 EY 48 EY 49 EZ 1 EZ 2 EZ 3 EZ 4 EZ 5 EZ 6 EZ 7 EZ 8 EZ 9 EZ 10 EZ 11 EZ 12 EZ 13 EZ 14 EZ 15 EZ 16 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EZ 16 EZ 17 EZ 18 EZ 19 EZ 20 EZ 21 EZ 21B EZ 22 EZ 23 EZ 24 EZ 25 EZ 26 EZ 27 EZ 28 EZ 29 EZ 30 EZ 31 EZ 32 EZ 33 EZ 34 EZ 35 EZ 36 EZ 37 EZ 38 EZ 39 EZ 40 EZ 41 EZ 42 EZ 43 EZ 44 EZ 45 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EZ 17 EZ 18 EZ 19 EZ 20 EZ 21 EZ 22 EZ 23 EZ 24 EZ 25 EZ 26 EZ 27 EZ 28 EZ 29 EZ 30 EZ 31 EZ 33 EZ 34 EZ 35 EZ 36 EZ 37 EZ 38 EZ 39 EZ 40 EZ 41 EZ 42 EZ 43 EZ 44 EZ 45 EZ 46 EZ 47 EZ 48 3407 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EZ 46 EZ 47 EZ 48 EZ 49 PART F Subpart FB FB 2(1), (1A) FB 2(2) FB 3 FB 4 FB 4A FB 7 Subpart FC FC 1 FC 1(1) FC 2 FC 2(2) FC 2(3)
 FC 3 FC 4 FC 4(f)(iv) FC 5 FC 5(1) FC 6(2)–(8) FC 6(4) FC 6(7), (8) FC 7 FC 8 FC 8A(1) FC 8A(2), (3) FC 8B(1) 3408 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EZ 49 EZ 50 EZ 51 EZ 52 YD 5 YD 4 CB 2 EB 24(1)–(4) DB 29 EE 50 FA 2, FZ 1 DB 10 FA 2 DB 10 omitted FA 3 FA 4 DB 25 FA 5 CG 7 FZ 2 DZ 14 CZ 20 FZ 3 DZ 14, FZ 4 FA 6 FA 7 FA 8 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) FC 8B(2) FC 8B(3) FC 8C FC 8D FC 8D(2) FC 8E FC 8F FC 8G FC 8H FC 8H(2) FC 8I FC 8I(3)(a) FC 9 FC 10 FC 10(1)(a) FC 10(1)(c), (5)(c) FC 10(2), (5)(a) FC 10(3) FC 10(4) FC 10(5)(b) FC 10(5)(d)–(f) FC 13 FC 14(1) FC 14(2) FC 15 FC 16 FC 17 FC 18 FC 19 FC 20 FC 21 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 FA 9(1) FA 10(1), (2) FA 10(6), (7) FA 10(3)–(5) CC 12 CC 11, FA 9(2), (3) FA 6 FA 6 FA 11(1), (2) CH 6 FA 11(3)–(7) CH 6 FA 12 FA 12 FA 13 FA 14 FA 15 FA 16 FA 17 omitted CC 13, FA 18 CR 3, YD 8 YD 8 CR 3 DW 3 HD 16 HD 17 CV 16, YD 6(1), (2), (4), (5) CV 16(3), YD 6(3) DW 3 YD 7 3409 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) FC 21(1), (2), (4) FC 21(3), (5) FC 22 FC 23 FC 24 Subpart FCB FCB 1 FCB 2 FCB 2(b) FCB 3 Subpart FD FD 1 FD 2 FD 3(a) FD 3(b)–(e) FD 4(1), (2) FD 4(3)–(8) FD 5 FD 6 FD 6(1) FD 7(1), (2) FD 7(3)–(8) FD 8(1) FD 8(2) FD 8(3), (4), (6), (7) FD 8(5) FD 8(5) proviso FD 8(8) FD 8(9) FD 9 FD 10(1), (2) 3410 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CV 1 DW 3 HR 8(1) HR 8(2) HR 8(3)–(6) FL 1 FL 2(1) CD 14 FL 2(2) FM 1, FM 2(1) FM 6(1)–(3), (5) FM 35(1) FM 31(2)–(6) FM 35 FM 38 FM 32 FM 34(1)–(4) HD 11 FM 36 FM 38 FM 37 FM 39 FM 40 FM 41 FM 34(5) FM 42 FM 33 FM 14 FM 15 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless
 otherwise stated) FD 10(3) FD 10(4), (4A) FD 10(4), (4B) FD 10(4), (4C) FD 10(5) FD 10(6), (7) FD 10(8) FD 10(9) FD 11 Subpart FDA FDA 1 FDA 2 FDA 2(1)–(3), (5) FDA 3(1), (3) FDA 3(2), (4) FDA 4 FDA 5 FDA 5(3) FDA 6(1) FDA 6(2) FDA 6(3), (4), (7), (8) FDA 6(5) FDA 6(6) FDA 6(9) Subpart FE FE 1(1)(a), (b) FE 1(1)(c) FE 1(2) FE 2 FE 3 FE 4(a) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 FM 16 FM 18 FM 19 FM 20 FM 17 FM 21 CV 3, FM 23 FM 22 FM 6(4) FN 4 FN 7 FN 9(1), (2) FN 8(2) FN 5 FN 3, FN 9(3) FN 6(1)–(5) HD 11 FN 10 FN 11 FN 12 FN 13 FN 6(6) FN 14 FO 1 FO 4(3) FO 2 FO 6 DV 15(1), (2), FO 8 FO 9 3411 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) FE 4(b) FE 5 FE 6(1)–(3B) FE 6(1), (4) FE 6(3A), (3B) FE 6(5), (6) FE 6(5), (7) FE 6(5), (8) FE 6A FE 7(1)(a), (2) FE 7(1)(b), (3) FE 7(1)(b), (4) FE 8 FE 9 FE 10(1)–(5), (6)(c) FE 10(6)(a) FE 10(6)(b) Subpart FF FF 1 FF 2 FF 3 FF 4 FF 5 FF 6(1)(a) FF 6(1)(a)(iv), (b)(iv), (2) FF 6(1)(b) FF 7(1), (2), (5) FF 7(3), (4), (5) FF 8 FF 9 FF 10 3412 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CV 4, FO 7 FO 11, FO 15 FO 10(1)–(6) FO 16 FO 17 FO 12 FO 13 FO 14 DV 15, FO 10(7) FO 12 FO 13 FO 14 FO 4(1), (2) FO 5 FO 18 FO 19 FO 20 FB 10 FB 9 FB 13 FB 2 FZ 5 FB 3 FB 5 FB 4 FB 6 FB 7 FB 8 FB 15 FB 16 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) FF 11 FF 12 FF 13 FF 13(1) FF 13(1)(a)(i), (3) FF 14 FF 15 FF 16 FF 17(1) FF 17(2), (3) FF 18 FF 19 Subpart FG FG 1 FG 2(1), (6), (8) FG 2(2) FG 2(3) FG 2(4) FG 2(4)–(6) FG 3 FG 4(1) FG 4(2) FG 4(3), (4) FG 4(5), (6) FG 4(7) FG 4(8) FG 4(9), (15), (17) FG 4(10), (11) FG 4(10) FG 4(12)–(14B) FG 4(12), (14C), (14E) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 FB 17 FB 18 FB 13 EB 24 FB 14 FB 19 FB 21 FB 21 FB 11 FB 12 IZ 1 FB
 20 FE 1 FE 2 FE 38 FE 39 FE 40 FE 41 FE 5, FE 12 FE 12 FE 15 FE 16 FE 8 FE 10(3) FE 11 FE 14(1)–(3) FE 25 FE 26 FE 27 FE 28 3413 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) FG 4(12), (14C), (14E), (14F) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 FE 29 FG 4(14)(D) FG 4(15), (16) FG 5(1) FG 5(2), (10) FG 5(2)–(5), (12), (13) FG 5(6) FG 5(7) FG 5(8) FG 5(9) FG 6 FG 7 FG 8 FG 8B FG 8B(1) FG 8B(3) FG 8C(1), (2), (4)–(7) FG 8C(3) FG 8C(8) FG 8C(9), (10) FG 8D FG 8E FG 8F FG 8G(1)–(3) FG 8G(4) FG 8G(5), (6) FG 8H FG 8I FG 8J FG 9 FG 10 3414 FE 30 FE 3 FE 12 FE 17 FE 18 FE 10(2)(a) FE 11 FE 31 FE 32 FE 13 FE 10(2)(b) CH 9, FE 6 FE 7 CH 10 FE 23 FE 36 omitted FE 35 FE 34 FE 37 FE 8 FE 20 FE 21 FE 22 FE 24 FE 19 FE 10(1) FE 11 FE 14(4) FE 9 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 Subpart FH FH 1 FH 1(1) FH 2 FH 3 FH 3(1) FH 4 FH 5 FH 6 FH 7 FH 8 FH 8(3) FH 8(6) Subpart FI FI 1 FI 2 FI 3 FI 4 FI 5 FI 6 FI 7 FI 8 FI 9 FI 10 FI 11 Subpart FZ FZ 1 FZ 2 PART G Subpart GB GB 1(1)–(2C) FF 4 FF 2 FF 8 FF 9 FF 10 FF 10 FF 5 FF 6(1), (4), (5) FF 6(2), (3) FF 7 CV 10 FF 11 FC 1 FC 2(1) FC 2(2) FC 3 FC 4 FC 6 FC 5 FC 7 FZ 6(1), (3), (4) FZ 6(2) FC 8 omitted omitted CW 63, DB 58, GA 1 3415 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) GB 1(3) Subpart GC GC 1 GC 2 GC 3 GC 4 GC 5 GC 6 GC 7 GC 8 GC 9(1), (4) GC 9(2) GC 9(3), (4) GC 9(5) GC 9(6) GC 9(7) GC 10 GC 11A GC 11B GC 12 GC 12(1) GC 14 GC 14A GC 14B GC 14C GC 14D GC 14E GC 14F GC 14G GC 15 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CD 11, GB 1 GB 2 GB 3 GB 5 GB 4 GB 6 GB 33 EX 3(2), GB 7 GB 8 EX 3(3)(a), (b),
 GB 9, GB 10 EX 3(3)(c), (d), GB 11, GB 12 EX 3(3)(e), (f), GB 13, GB 14 omitted YD 2(2) EX 3, GB 9–GB 14 GB 15, GB 16 DB 58, GB 17 EJ 9, GB 18 GB 20 GC 12 GB 22 GB 26 GB 27 GB 28 GB 29 GB 27 GB 30 GB 49 GB 32 GC 15(3), (4) CX 18, RD 54 3416 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) GC 16 GC 16(b) GC 17 GC 17B GC 18 GC 19 GC 20 GC 21 GC 22(1), (2) GC 22(3), (7), (8) GC 22(4), (5), (9) GC 23 GC 24 GC 25 GC 26 GC 27 GC 27A(1)–(3) GC 27A(4), (7)–(9) GC 27A(5), (6), (10) GC 28 GC 29(1) GC 29(2), (3) GC 30 GC 31 Subpart GD GD 1(1), (3), (4) GD 1(2), (3A) GD 3(1), (2) GD 3(3) GD 3(4), (5) GD 4 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 schedule 5, clause 4 GB 31 GB 31 GA 2 omitted omitted omitted GB 34 GB 35 TAA 90AF GB 36, LE 1(5) GB 37, LE 1(5) GB 38, LE 1(5) GB 39 GB 40 GB 41 GB 42 TAA 90AG GB 43 GB 44 GB 45 GB 47 GB 48 DB 58, GB 46 GC 1 GC 2 CD 11, CW 63, DB 58, GB 23 omitted GB 24 DB 57, DC 5 3417 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) GD 5 GD 6(1), (2) GD 6(3) GD 7 GD 8(1), (3)–(8) GD 8(2) GD 10 GD 11 GD 12 GD 12(1) GD 12A GD 12B GD 13(1), (2) GD 13(3) GD 13(4), (5) GD 13(6)–(9) GD 13(10) GD 13(11) GD 13(12) GD 13(13) GD 14 GD 15 Subpart GE GE 1 Subpart GZ GZ 1 PART H Subpart HB HB 1(1) HB 1(2) HB 1(3)–(5) 3418 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CD 11, DB 58, GB 25 CS 18 CZ 21 DB 59, GC 3 EY 11 omitted DB 59, GC 5 GB 21 DB 58, GB 17 GZ 1 DB 58, EJ 9, GB 19 EJ 9, GB 18 GC 6 GC 7 GC 8 GC 13 GC 9, GC 10 GC 11 GC 12 GC 14 GC 4 DP 10(3)–(5) omitted omitted FM 3 FM 5 FM 4 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) HB 2(1) HB 2(1)(a) HB 2(1)(b) HB 2(1)(c) HB 2(1)(d) HB 2(1)(e) HB 2(2) Subpart HD HD 1(1)(a) HD
 1(1)(b), (c), (2) Subpart HE HE 1 HE 2(1), (1A) HE 2(2), (3) Subpart HF HF 1(1) HF 1(2), (3)(a), (b), (4) HF 1(3)(c), (5), (6) HF 1(4) HF 1(7) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 FM 3, FM 7 CX 60, FM 8 DV 16(2), FM 10 DV 17, FM 11 DV 16(3), FM 12 CV 2, FM 9 FM 13 HC 2 HR 1 HD 13 HR 2 HR 3(5), (8) CB 33 DV 19 CB 34 HE 4 HE 5 HF 1(8) HF 1(9) “association”, “member” HF 1(9) “rebate” Subpart HG HE 2 YA 1 “association”, “member” HE 3 HG 1(a), (b) HG 1(c), (d) HG 1(d) HG 2 HG 3(1) HG 3(2), (3) HG 3(4), (5) HA 6(1) HA 1, HA 13 HA 1, HA 20 HA 44 HA 1, HA 5 HA 30 HA 31 3419 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) HG 4(1) HG 4(1)–(3) HG 4(2)(a) HG 4(3) HG 4(4) HG 5(1) HG 5(2) HG 6(1) HG 6(2)(a), (b) HG 6(2)(c) HG 6(3) HG 7 HG 8 HG 9(1) HG 9(2) HG 9(3)–(5) HG 10(a) HG 10(b) HG 11(1), (1A) HG 11(1B), (2), (4) HG 11(3) HG 11(3A) HG 12 HG 12(2) HG 13(1) HG 13(1)–(4) HG 13(1)(a), (1A) HG 13(1)(a)(i), (1A) HG 13(1)(aa) HG 13(5) HG 13(6) 3420 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 HA 1, HA 5 HA 8 HA 28 HA 29 HA 30 HA 32 HA 33 HA 34 HA 35 HA 36 HA 37 HA 4, HA 11 TAA 92AB HA 14 HA 20 DB 9 CW 14, HA 17 HA 22 HA 40 HA 41 HA 21 HA 23 HA 42 YA 2(1)–(3) HA 14 HA 15 CW 15 HA 16 HA 17 HA 19 HA 18 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) HG 14 HG 14(a), (b) HG 14(c) HG 14(d) HG 14A HG 15 HG 16 HG 16(1) HG 16(2) HG 16(3), (4) HG 16(4) HG 17 HG 17(1)(a) HG 18 Subpart HH HH 1(1) HH 1(2)–(4), (8), (10) HH 1(5), (6) HH 1(7) HH 1(8), (9) HH 1(9) HH 1(10) HH 1A HH 2 HH 2(2) HH 3(1) HH 3(1), (4) HH 3(2) HH 3(3) HH 3(4) HH 3(5) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 HA 1, HA 3 HA 5, HA 10 HA 38 HA 4, HA 12 HA 38 HA 39 HA 20, IA 7(2) HA 24 HA 26 HA 27 IA 7(5) HA 25 HA 24 HA 11 YB 21 HC 28 HC 13 CV
 13, HC 7(3) HC 1(2)(a), (b), (5) CD 12 HC 27 HC 3 HC 30 HC 10(2)–(4) CV 13, CX 59, HC 17, HC 18 HC 19 HC 32, HD 12(1) CV 15, HC 23 CX 59, HC 19, HC 22, HC 34(1), IA 3(3) CW 53, HC 20 3421 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) HH 3(5A) HH 3(6) HH 3A–HH 3F HH 3A HH 3A(1)(a) HH 3A(1)(b) HH 3A(2) HH 3B HH 3C HH 3C(1)(a)–(d), (2), (3) HH 3C(1)(e) HH 3D HH 3E HH 3F HH 3F(1)–(2A), (3), (4) HH 3F(2) HH 4(1), (2) HH 4(3), (3A), (6) provisos HH 4(3B) HH 4(3B), (3BB), (3BC) HH 4(4) HH 4(4), (5) HH 4(5) HH 4(7) HH 4(8) HH 5 HH 6(1), (2), (4) HH 6(2)(c), (3) HH 7 HH 8 3422 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CV 14, HC 21 HC 1(2)(c) CX 58 HC 35(2) HC 7(2) HC 17 HD 12(1) HC 35(4)(a) HC 35(4)(b)(i), (ii) HC 36 HC 37 HC 36 HC 35(4)(c) HC 35(4)(b)(iii), (iv) HC 36 YA 1 “minor” HC 24(1)–(3), (5) HC 25 CW 54 HC 26 HD 12(2) HC 29 HC 10(4) HC 33 HC 1(2)(c) HC 31 HC 16 HC 15 TAA 93B CV 12, HC 8 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 Subpart HI HI 1 HI 2 HI 3 HI 4(1), (2) HI 4(2) HI 4(3) HI 5(1) HI 5(2), (3) HI 5(4) HI 6 HI 7 HI 8 HI 9 Subpart HJ HJ 1 Subpart HK HK 1 HK 1(1) HK 2 HK 3(1), (1A) HK 3(1A) HK 3(2) HK 3(3) HK 4 HK 5 HK 6 HK 7(1) HK 7(2) HK 8 HK 9 HF 3 HF 2 HF 11 HF 4(1), (2), (4)–(6) CD 37 CV 11(1), HF 5 CW 53, HF 6 CV 11(1), HF 7 HF 4(3) HF 8 CV 11(2), HF 4(4) HF 9 HF 10 HR 4 HD 3(1), (2), (4) HD 1, HD 18(1) HD 7 HD 4 HC 32 HD 2 HD 3 HD 5(2) HD 5(3) HD 5(1) HD 2, HD 3(2) HD 5(4) HD 6 HD 9 3423 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) HK 10 HK 11 HK 12 HK 13 HK 16 HK 17 HK 18 HK 18(1) HK 19 HK 20 HK 21 HK 22 HK 23 HK 24(1), (4) HK 24(2) HK 24(3) HK 25 HK 26 Subpart HL
 HL 1 HL 2 HL 3 HL 4 HL 5 HL 6 HL 7 HL 8 HL 9 HL 10 HL 11 HL 11B 3424 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 HD 10 HD 15 HD 14(1) HD 14(2)–(6) HD 18(1), HD 20 HD 20 TAA 166B HD 24 HD 25 HD 19 HD 21 HD 23 HD 22 HD 26 HD 27(1) HD 28 HD 27(2) HD 29 HL 1 HL 2 HL 3 HL 4 HL 5 HL 6 HL 7 HL 8 HL 9 HL 10 HL 11 HL 12 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) HL 12 HL 13 HL 14 HL 15 HL 16 HL 17 HL 18 HL 19 HL 20 HL 21 HL 22 HL 23 HL 23B HL 24 HL 25 HL 26 HL 27 HL 28 HL 29 HL 30 HL 31 Subpart HZ HZ 1 HZ 2 PART I Subpart ID ID 1(1) Subpart IE IE 1(1)(a) IE 1(1), (2) IE 1(1), (3)(a) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 HL 13 HL 14 HL 15 HL 16 HL 17 HL 18 HL 19 HL 20 HL 21 HL 22 HL 23 HL 24 HL 25 HL 26 HL 27 HL 28 HL 29 HL 30 HL 31 HL 32 HL 33 HZ 1 HZ 2 IA 8 IA 1 IA 3(2), (4) IA 2(1), (2) 3425 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) IE 1(2) IE 1(2B) IE 1(2BB) IE 1(2C) IE 1(3)(b) IE 2 IE 2(1) IE 3(1) IE 3(2), (3), (5) IE 3(4) IE 3(5) IE 4(1) IE 4(2)–(6) IE 4(6) Subpart IF IF 1(1) IF 1(2), (3) IF 1(5) IF 1(6) IF 2 IF 3 IF 4 IF 5 IF 6 IF 7 Subpart IG IG 1(1) IG 1(1), (2) IG 1(1), (3) IG 1(2), (5) IG 1(3) 3426 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 IA 4 omitted IA 7(10) IA 7(9) IA 9(1), (2) IZ 1 IA 2(4)(g) IQ 1 IQ 2 IQ 9 IA 2(4)(e), IA 7(5) IQ 1 IQ 3 IA 2(4)(f), IA 7(6) IA 5 IP 3, IP 6 IZ 4 IZ 5 IZ 6 IQ 1(2) IE 1, IE 2, IE 5 IA 9(3), IE 1 IE 1, IE 3(1), (2), IQ 1(4) IV 1 IA 6(1), (2) IC 6 IC 1, IC 2 IC 3 IC 4 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) IG 2(1), 2(c), (e) IG 2(2) IG 2(2)(b)–(f), (5) IG 2(2)(c), (4)(d)(ii), (5)(c)(ii) IG 2(2)(c), (d)(ii)(B) IG 2(2)(c), (e) IG 2(2)(d), (11) IG
 2(2)(e), (4)(c), (d), (5)(b), (c) IG 2(2)(f), (g) IG 2(2)(g), (3) IG 2(4) IG 2(4)(c)(d), (5)(c), (d), (10) IG 2(4)(e), (f), (5)(e), (f) IG 2(4), (5) IG 2(6) IG 2(7) IG 3 IG 4 IG 4(1) IG 4(4) IG 5 IG 5(1) IG 5(4) IG 6(1A)–(3) IG 6(2) IG 6(4), (6), (7) IG 6(5) IG 6(6) IG 6(7) IG 6(8) IG 6(9) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 IC 1, IC 2 IC 5 IP 5 IC 6 IZ 7 IC 10 IC 7 IP 2 IC 8 IC 9 IP 4 IP 6 IP 1 IP 7 IC 12 IC 11 omitted IQ 4 IQ 1 IA 7(5) IQ 5 IQ 1 IA 7(6) ID 1 IS 1 ID 2 IA 9(3) ID 3 ID 4 ID 5 IS 1(2) 3427 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) IG 7(1) IG 7(2) IG 7(2), (3) IG 7(4) IG 7(5) IG 8 IG 9 IG 10 Subpart IH IH 1 IH 1(1) IH 1(2) IH 2 IH 2(1) IH 3 IH 3(1) IH 4 IH 4(1)(e) IH 4(2) IH 4(3) IH 4(3) proviso IH 5 Subpart II II 1(1), (2) II 1(3), (4) II 2 II 3 Subpart IZ IZ 1 IZ 2 IZ 3 3428 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 IQ 1 IQ 6 IA 7 IQ 7 IQ 8 IE 5 IE 4, IE 5 IA 3(1), IW 1 IS 6, IA 7(7) IS 2 IA 7(8), IZ 3 IZ 2 IA 7(8), IS 5(4) IS 5(1)–(3) EJ 14, IA 7(8) IA 7(7) IS 6 IS 1 IS 3 IS 4 IA 7(7), IS 2 IA 7(3) IT 1(1), (2) YA 1 “policyholder loss” IT 1(3), (4) RZ 8(1) RZ 8(3) RZ 7 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) IZ 4 IZ 5 IZ 6 IZ 7 PART K Subpart KB KB 2 KB 3 Subpart KC KC 1(1)(c) KC 1(1)(a), (b), (4) KC 1(2) KC 1(3) KC 2 KC 3(1) KC 3(2) KC 3(3) “full time earner”, “remunerative work” KC 4(1), (1A) KC 4(2) “child”, “communal home”, “home”, “institution”, “qualifying payments”, “separated person” KC 4(2) “housekeeper” KC 5 KC 5(1) KC 5(1)(aa)–(cp), (4) KC 5(1)(ae)–(cp) Subpart KD KD A1 KD 1(1)(a), (b), (e)(vii), (i), (3) KD 1(1)(e)(i)–(vi) KD 1(1)(f), (2) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RZ 8(2), (4)–(6) RZ 10 RZ 9 YA 2(1)–(3) LC 10 MA 4 LC 2
 LC 1 LC 11 LC 12 LC 3 LC 4 LC 11, LC 12 LC 5 LC 6 LC 8 LC 7 LD 1 LD 2 LD 3 schedule 32 omitted MB 1 omitted MB 3 3429 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) KD 1(1)(g) KD 1(1)(h) KD 1(4)–(6) KD 1A KD 1A(2) KD 2(1), (2) KD 2(3) KD 2(4) KD 2(5) KD 2(6), (7) KD 2(6B) KD 2(6C) KD 2A KD 2AA(1), (11) KD 2AA(2), (3) KD 2AA(3) KD 2AA(3A) KD 2AA(4) KD 2AA(7)–(11) KD 2AAA(1)(a) KD 2AAA(1)(b) KD 2AAA(1)(c), (3), (4) KD 2AAA(1)(d), (5)–(8) KD 2AAA(1)(e) KD 2AAA(1), (3A) KD 2AAA(2) KD 2AAAB KD 2AB KD 3(1) “qualifying person” KD 3(1) “employment” KD 3(2) 3430 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 MB 4 MB 5 MB 2 MC 1 LB 4 LB 4, MD 1 MD 3 MZ 2 MD 12 MD 13 MD 14 MD 15 MD 2 MC 11 MC 10 MD 3(7), MD 11(4) MZ 1(2) MC 4 MC 9 MD 5 MD 6 MD 7 MD 9 MD 8 MD 4 MD 10 MZ 1(2) MD 11 MC 3–MC 6 ME 2(1), (2) LB 4 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) KD 3(2)–(5) KD 3A(2)–(4) KD 3A(5)–(9) KD 3A(10) KD 3B KD 4(2) KD 4(2), (2A) KD 4(4) KD 4(5) KD 5(1), (1A) KD 5(1B)–(1C) KD 5(2)–(2AB) KD 5(2A), (5)(b), (7) KD 5(3), (3A) KD 5(4), (5)(a) KD 5(6) KD 5(6A), (7) KD 5(8) KD 5(9) KD 5(10), (12) KD 5(11) KD 5B KD 5C KD 6(1) KD 6(1A) KD 6(1B) KD 6(1C) KD 6(1D) KD 6(2), (3) KD 6(4) KD 7(1) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 ME 1 MC 7 MC 9 ME 2(3), (4) omitted LA 4, LA 7 MF 6 MF 5 TAA 80KV MF 1 TAA 80KA TAA 80KB TAA 80KF TAA 80KC TAA 80KD MF 3 MF 4 MF 2 TAA 80KG TAA 80KH TAA 80KE omitted MF 7 TAA 80KN TAA 80KO TAA 80KP TAA 80KQ TAA 80KR TAA 80KS TAA 80KT TAA 80KI 3431 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) KD 7(2), (2A) KD 7(2B), (2C) KD 7(3) KD 7(3A), (3B), (3C) KD 7(4) KD 7A KD 8 KD 9 Subpart KE KE 1(1) KE 1(3) Subpart KF KF 3 Subpart KG KG
 1(1) KG 1(1) proviso KG 1(2) KG 1(3), (4) Subpart KH KH 1(1), (2) KH 1(3) KH 2(1)–(2A), (4) KH 2(3), (5)–(7) Subpart KI KI 1 Subpart KJ KJ 1 KJ 2 KJ 3 KJ 4 KJ 5(1), (5) 3432 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 TAA 80KM TAA 80KK TAA 80KJ TAA 80KU TAA 80KL TAA 80KW MA 3 MA 5 LZ 6, LZ 7 LZ 8 LC 9 LZ 9 LZ 10 LZ 11 LZ 12 LQ 1 LQ 2 LQ 4 LQ 3 LS 1 MK 1, MK 3(2) MK 2 MK 4, MK 8 MK 3(1), (3), (4) MK 7 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) KJ 5(2) KJ 5(3), (4) Subpart KZ KZ 1 KZ 2 KZ 3(1) KZ 3(1), (4) KZ 3(2) KZ 3(3) PART L Subpart LB LB 1(1), (3), (3A) LB 1(1)(a), (2), (3), (3A) LB 1(1)(ab) LB 1(1)(b), (4), (4A), (4B) LB 1(1)(c) LB 1(1)(d) LB 1(1)(e), (5) LB 1(1)(ea) LB 1(1)(f) LB 1(1)(g) LB 1(1)(h) LB 1(1)(hb) LB 1(1)(i) LB 1(1)(j), (k) LB 1(1)(l) LB 1(1)(m) LB 1A LB 2(1), (1B), (1C), (2C) LB 2(1C) LB 2(2) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 MK 5 MK 6 omitted omitted LZ 5 LZ 2 LZ 3 LZ 4 LO 2 LE 5, LF 3 LE 4, LF 2 LE 6 LE 8 LF 6, LF 8 LE 9, LF 7 LO 3 LE 11 LF 10 LE 10 LE 3 LF 9 LE 1 LF 1 LO 1 LE 4, LF 2 LE 1 LE 7 LA 9 3433 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) LB 2(2B), (3) LB 2(2B), (3B), (3C) LB 2(3), (3A) LB 2(4) LB 2(5), (6) Subpart LC Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 LE 2 LE 3 IA 2(4)(a) LE 11, TAA 78D LE 10 LC 1(1), (1B), (1C) LJ 2(1), (3), (4) LC 1(1) LC 1(1)–(3), (4), (5) LC 1(2) LC 1(3A), (3B) LC 1(4) LC 1(5) LC 1A(1), (2) LC 1A(3) LC 2 LC 3 LC 4(1) LC 4(1)–(3) LC 4(1), (4) LC 4(1C) LC 4(4) LC 4(4)–(6) LC 4(7) LC 5 LC 8 LC 9 LC 10 LC 11 LC 12 LC 13(1) 3434 LJ 3 LJ 1 LJ 1(1)–LJ 6 LJ 7 LJ 1(5) LJ 1(3) TAA 225B omitted LJ 2(2) LJ 7 LK 3 LK 2 LK 1 TAA 93C LK 4 LK 5 LK 7 LK 6 LK 12, LK 13 LK 14(2) LK 14(1), (3) LK 12 LK 12, LK 15 TAA 78B Reprinted
 as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) LC 13(2) LC 14 LC 14(1) LC 14A LC 16(1) LC 16(2), (3) LC 16(4) LC 16(5) Subpart LD LD 1 LD 1(2), (2A), (4), (5) LD 1B LD 2 LD 3 LD 3(2) LD 3(3) LD 3(4) LD 3A LD 3A(1) LD 3A(4) LD 3A(5) LD 3A(6) LD 6 LD 7 LD 8 LD 8(1), (1B), (1C) LD 8(1C) LD 8(3) LD 8(4), (5) LD 9 LD 9(4) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 TAA 78C LJ 5 LJ 1, LJ 4 LJ 1(4) LK 8 LK 9 LK 10 LK 11 LA 6 LB 1 LB 6 LA 8 LA 6 LB 3 LA 4 TAA 78D LA 6 LO 1 LA 4 LO 5, TAA 78D LO 4 LA 6, LB 2 LA 6, LB 2 LA 6 LF 1 LF 5 LF 10, TAA 78D LF 9 LF 8, OC 1(6) TAA 78D 3435 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) LD 10 LD 10B LD 11 Subpart LE LE 1 LE 2(1), (2), (2A) LE 2(3), (4), (6), (7) LE 2(4), (8) LE 2(5) LE 2(6) LE 2(9), (10) LE 2(11), (12) LE 3(1), (3), (11) LE 3(5) LE 3(6), (8) LE 3(7), (9) LE 3(10) LE 4 LE 4(5) Subpart LF LF 1(1)(a) LF 1(1)(a), (2) LF 1(2) LF 2(2), (3) LF 3(1) LF 3(1)(f), (g), (h) LF 3(2) LF 4 LF 5(1) LF 5(1)(e), (5) LF 5(2)–(5) 3436 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 LS 2 LS 3 LS 4 LP 1 LP 2 LP 3 LA 9 LP 4 LA 4 LP 5 LP 6 LP 7 LP 2 CV 9, LP 8 LP 9 DX 3, LP 10 DX 3, LP 10 IA 2(4)(c) LL 1 LL 2 LL 9 LL 2, LL 9 LL 2 LL 5 LL 8 LF 6 LL 3 LL 9 LL 4 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) LF 5(2)(e) LF 6(1), (3) LF 6(4)–(6) LF 6(6) LF 7 Subpart LG LG 1 PART M Subpart MB MB 1 MB 2 MB 3 MB 4 MB 5 MB 6 MB 7 MB 8 MB 8(1), (2) MB 9 MB 10 MB 11 MB 12 MB 13 MB 14 MB 15(1)–(4), (11) MB 15(5)–(10) MB 16 MB 17 MB 18 MB 19 MB 20 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 LL 8 LZ 1 LL 2, TAA 78E TAA 78F DX 2, LL 7 LQ 5 RC 1 RC 3 RC 4 RA 4, RC 5 RC 6 RC 7 RC 8 RC 9 RA 14 RC 10 RC 11 RM
 11 RA 2, RC 12 RC 13 RC 14 RC 16 RC 17 RC 15 RC 18 RC 19 RC 20 RC 21 3437 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MB 21 MB 22 MB 23 MB 24 MB 25 MB 26 MB 27 MB 28 MB 29 MB 30 MB 31 MB 32 MB 33 MB 34 MB 35 MB 36 MB 37 MB 38 Subpart MBA MBA 1 MBA 2 MBA 3 MBA 3(1) MBA 3(1)(d) MBA 4(1), (2), (4) MBA 4(3) MBA 4(5), (6) MBA 5(1)–(4) MBA 5(5), (6) MBA 6(1)–(3) MBA 6(4)–(9) 3438 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RC 22 RC 23 RC 24 RC 25 RC 26 omitted RC 27 omitted RC 28 RC 29 RC 30 RC 31 RC 32 RC 33 RC 34 RM 12 RC 35 RC 36 RP 1 RP 17 RP 18, TAA 15R TAA 15N TAA 15Q TAA 15P RP 18(3) TAA 15O RP 18 TAA 120OE(1)–(3) RP 19 RP 20 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MBA 7 MBA 8 MBA 9 Subpart MBB MBB 1 MBB 2(1)(a), (d) MBB 2(1)(b), (c), (2)–(4) MBB 3 MBB 4 Subpart MC MC 1 Subpart MD MD 1 MD 1(1) MD 1(1A) MD 1(1B) MD 1(2) MD 1(2B) MD 1(3), (3A) MD 1(3), (3A), (4) MD 1(4)(b), (c) MD 2(1), (1A) MD 2(2) MD 2(3), (4) MD 2(5)(a)(ii) MD 2(5), (5A) MD 2(6) MD 2(7) MD 2A MD 2B(1), (1B) MD 2B(2) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RP 21 TAA 15S TAA 120OE(4)–(5) omitted RC 37 RC 38 RC 39 RC 40 RA 3, RA 13, RB 1 LA 6–LA 8 RM 2 RM 5 omitted RM 4 RM 6 RB 4 RM 10 RM 8 RM 13 RM 14 RM 15 RZ 6 RM 16 RM 17 RM 32 RM 33 RM 22 RM 23 3439 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MD 2B(3) MD 2B(4), (4B) MD 2B(5) MD 2B(6) MD 3(1) MD 3(2) MD 3(3) MD 3(4) MD 3(4)(a) MD 5 Subpart ME ME 1(1), (2) ME 1(3) ME 1A ME 1B ME 2 ME 3(1) ME 3(2) ME 4(1)(a)(viii) ME 4(1)(a), (1C), (2)(a) ME 4(1)(aab), (2)(aab) ME 4(1)(ab), (2)(ab) ME 4(1)(ac), (2)(ac) ME 4(1)(ad), (2)(ad) ME 4(1)(c), (2)(a) ME 4(1)(cb), (2)(bb) ME 4(1)(cc), (2)(bc) ME 4(1)(cd),
 (2)(bd) ME 4(1)(d), (2)(c) ME 4(1)(da) ME 4(1)(da), (2)(ca) 3440 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RM 24 RM 25 RM 26 RM 27 RM 28 RM 29 RM 30 RM 31 RZ 6 omitted OA 2(2), (3), OB 1 omitted OB 2 OB 60(6), (7) OA 3(3), (4) OA 2(2), (3), OA 3(2) OA 7 OZ 1 OB 4 OB 19 OB 16 OB 5 OB 6 OB 7 OB 13 OB 14 OB 15 OB 9 OF 5 OB 18 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ME 4(1)(e), (2)(c) ME 4(1)(ea), (2)(cb) ME 4(1)(e), (f) ME 4(1)(eb), (ec), (2)(cc) ME 4(1)(ed), (2)(cd) ME 4(1)(f), (2)(d) ME 4(1)(g), (2)(e) ME 4(1)(h), (2)(f) ME 4(1)(i), (2)(g) ME 4(1)(j), (2)(h) ME 4(1)(k), (2)(k) ME 4(1A), (2A) ME 4(1B)(a), (2B)(a) ME 4(1B)(b), (2B)(b) ME 4(1B)(c), (2B)(c) ME 5(1)(a), (2)(a) ME 5(1)(ab), (2)(ab) ME 5(1)(ac), (2)(ac) ME 5(1)(ad), (2)(ac) ME 5(1)(b), (2)(b) ME 5(1)(c), (2)(c) ME 5(1)(d), (2)(d) ME 5(1)(e)(i) ME 5(1)(e), (2)(e) ME 5(1)(ea), (2)(ea), (eb) ME 5(1)(eb), (2)(ea), (eb) ME 5(1)(f), (2)(f) ME 5(1)(fb), (2)(fb) ME 5(1)(g), (2)(g) ME 5(1)(h), (2)(e) ME 5(1)(i), (2)(h) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OB 10 OB 20 OC 1(8) OB 22 OB 23 OB 11 OB 12 OB 25 OB 8 OB 17 OB 21 OB 26 OB 27 OB 28 OB 29 OB 30 OB 49 OB 50 OB 51 OB 47 OB 42 OB 31 OZ 2 OB 32 OB 34 OB 35 OB 43 OB 44 OB 36 OB 37 OB 41 3441 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ME 5(1)(ia), (2)(ha) ME 5(1)(j), (2)(i) ME 5(1)(ja), (2)(ia) ME 5(1)(k), (2)(j) ME 5(1)(ka), (2)(ja) ME 5(1)(l), (2)(k) ME 5(1)(m), (2)(k) ME 5(1)(n) ME 5(1)(o), (2)(l), (6), (7) ME 5(1A)(a), (2A) ME 5(1A)(b), (2A) ME 5(1A)(c), (2A) ME 5(3) ME 5(4) ME 6 ME 6(1B)–(1D) ME 6(4)(a) ME 6B ME 7 ME 8(1) ME 8(1), (2) ME 8(2), (3) ME 9(1), (1A), (2) ME 9(3) ME 9(5), (5B) ME 9(5A), (8), (9) ME 9(5B) ME 9(6) ME 9(7)–(9) ME 9B ME 9B(1), (2) 3442 Corresponding provision in Income Tax Act
 2007 or Tax Administration Act 1994 OB 40 OB 54 OB 46 OB 56 OB 48 OB 33 OB 38 OZ 3 OB 39 OB 57 OB 58 OB 59 OA 8 OZ 4 OB 60(2), OB 62 OB 63 OB 55 OB 64 OB 47 OA 18 OB 60(3)–(5) OB 61 OB 65 OB 66 OB 69 OB 68 IA 2(4)(d) OB 70, YA 2(1)–(3) OB 67 OB 71 OB 13 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ME 9B(2)(a)(i) ME 9C ME 10 ME 10(1), (1A)–(1C) ME 10(1A)–(1C), (2) ME 10(1A), (1B), (1D) ME 10(1C) ME 11(1)(a), (2)(a) ME 11(1)(aa), (2)(aa) ME 11(1)(ab), (2)(ab) ME 11(1)(b), (2)(b) ME 11(1)(c), (2)(a) ME 11(1)(d), (2)(c) ME 11(1)(e), (2)(c) ME 11(1)(eb), (ec), (2)(cb) ME 11(1)(ed), (2)(cc) ME 11(1)(f), (2)(a) ME 11(1)(fb), (2)(fb) ME 11(1)(g), (2)(d) ME 11(1)(i), (2)(e) ME 11(1)(j), (2)(c) ME 11(1)(jb), (2)(eb) ME 11(1)(k), (2)(d) ME 11(1A), (2A) ME 11(1B)(a), (2B)(a) ME 11(1B)(b), (2B)(b) ME 11(1B)(c), (2B)(c) ME 12(1) ME 12(1)(a), (2)(a) ME 12(1)(ab), (2)(ab) ME 12(1)(ac), (2)(ac) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OB 44 OB 72 OP 1 OA 2(2), (3) OA 7 OP 3 OP 4 OP 7 OP 8 OP 9 OP 10 OP 11 OP 12 OP 13 OP 15 OP 16 OP 14 OP 18 OP 19 OP 24 OP 17 OP 20 OP 21 OP 23 OP 25 OP 26 OP 27 OP 5 OP 28 OP 39 OP 40 3443 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ME 12(1)(ad), (2)(ac) ME 12(1)(b), (2)(b) ME 12(1)(c), (2)(c) ME 12(1)(d), (2)(d) ME 12(1)(da), (2)(da) ME 12(1)(db), (2)(da) ME 12(1)(e), (2)(e) ME 12(1)(f), (2)(d) ME 12(1)(h) ME 12(1)(h), (2)(g) ME 12(1)(i), (2)(h) ME 12(1)(j), (2)(h) ME 12(1)(k), (2)(j) ME 12(1)(l), (2)(k) ME 12(1)(m), (2)(k) ME 12(1)(n), (2)(l), (3), (4) ME 12(1A)(a), (2A) ME 12(1A)(b), (2A) ME 12(1A)(c), (2A) ME 13 ME 13(1) ME 13(2) ME 13(2), (3) ME 13(2), (4) ME 13(3) ME 13(6) ME 14(1) ME 14(2) ME 14(3) ME 15 ME 16 3444 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OP 41 OP 44 OP 29 OP 30 OP 32 OP 33
 OP 43 OP 34, OP 35 OA 8 OP 42 OP 46 OP 47 OP 37 OP 31 OP 36 OP 38 OP 48 OP 49 OP 50 OA 4, OP 2 OB 3 OP 42 OP 22 OA 8 OB 52 OB 69 OJ 3(1)(a), OP 44 OB 61 OP 6 OA 2(2), (3), OJ 1, OJ 2(1) OA 3(3), (4) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ME 17(1) ME 17(2) ME 18(1)(a), (2)(a) ME 18(1)(b), (2)(b) ME 18(1)(bb), (2)(bb) ME 18(1)(bc), (2)(bb) ME 18(1)(c), (2)(c) ME 18(3)(a), (4)(a) ME 18(3)(b), (4)(b) ME 18(3)(c), (4)(c) ME 19 ME 19(1), (2) ME 19(3)–(6) ME 19A ME 20 ME 21 ME 21(1) ME 21(1), (2) ME 21(3), (4) ME 22(1) ME 22(2) ME 23(1)(a), (2)(a), (3), (6)(a) ME 23(1)(b), (2)(b) ME 23(4)(a), (5)(a) ME 23(4)(b), (5)(b) ME 23(4)(c), (5)(c) ME 24 ME 25 ME 26 ME 26(1) ME 26(2) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OA 2(2), (3), OA 3(2), OJ 2(2), (3) OA 7 OJ 3 OJ 4 OJ 6 OJ 7 OJ 5 OJ 8(4), (5) OJ 9(3), (8) OJ 11(4), (6) LR 1 OJ 8(1)–(3) OJ 9(1), (2), (4)–(7) OJ 11(1)–(3), (5) OA 2(5), TAA 104B OJ 1 OA 2(2), (3) OJ 12 OJ 13 OA 2(2), (3), OA 3(2), OJ 1(4) OA 7 OJ 14 OJ 15 OJ 16(4), (5) OJ 17 OJ 18 LR 1, OJ 16(1)–(3) OA 2(2), (3), OP 1(1), OP 109 OA 3(2) OA 7 OA 2(2), (3) 3445 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ME 26(2)(a), (3)(a) ME 26(2)(b), (3)(b) ME 26(2)(c), (3)(c) ME 26(2)(d), (3)(d) ME 26(2)(e), (3)(d) ME 26(4)(a), (5)(a) ME 26(4)(b), (5)(b) ME 27 ME 27(1), (3) ME 27(2) ME 28 ME 28(1), (2) ME 28(3), (4) ME 28(4) ME 29 ME 29(1) ME 29(1)(a) ME 29(2) ME 29(2)(a) ME 29(2)(b) ME 30 ME 30(2) ME 30(3), (4) ME 31 ME 32 ME 33 ME 34 ME 35 ME 35(2) ME 36 ME 37 3446 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OP 110 OP 111 OP 112(1), (4) OP 113 OP 114 OP 115(3), (5) OP 116(3), (8) OP 2 OJ 2(4), (5), OP 112(1)–(3) OJ 10 LR 1 OP 115(1), (2), (4) OP 116(1), (2), (4)–(7) OA 4 OB 24, OB 53 OA 10, OA 13 OA 9 OA 17 OA 14 OA
 15 OB 73(1)–(3), (8) DV 18 OB 77 OB 73(4)–(7) OB 74 OB 75 OB 76 OB 78, OB 82 DV 18 OB 78 OB 79 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ME 38 ME 39 ME 40 ME 41 Subpart MF MF 1(1) MF 1(1), (2) MF 1(3) MF 1(4), (5) MF 2 MF 3(1) MF 3(2) MF 4(1)(a) MF 4(1)(a), (2)(a) MF 4(1)(c), (2)(b) MF 4(1)(d), (2)(c) MF 4(1)(e), (2)(d), (5), (6) MF 4(1)(f), (2)(e) MF 4(3)(a), (4)(a) MF 4(3)(b), (4)(b) MF 4(3)(c), (4)(c) MF 4(3)(d), (4)(d), (5), (6) MF 4(3)(e), (4)(e) MF 4(5) MF 5(1)–(3) MF 5(4)–(7) MF 6 MF 7(1) ME 7(1)(a) MF 7(1), (2) MF 7(2) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OB 80 OB 81 OA 1(5),TAA 104B OB 45, OP 45 OA 2(2), (3), OE 1(1), (4) OE 3 OE 2(1) OE 4 OA 3(3), (4) OA 2(2), (3), OA 3(2) OA 7 OE 2(2) OE 6 OE 7(5), (9), OE 8 OE 9 OE 10 OE 11 OE 2(3), OE 12 OE 13 OE 14 OE 15 OE 16 OA 8, OE 2(6) OE 13(2)–(4) OE 7(1)–(4), (6)–(8), OE 8 OA 1(5), TAA 104B OA 2(2), (3) OE 2(4) OP 97 OP 1(1) 3447 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MF 7(3), (4) MF 8 MF 8(1) MF 8(2)(a), (3)(a) MF 8(2)(c), (3)(b) MF 8(2)(d), (3)(c) MF 8(2)(e), (3)(d) MF 8(4) MF 8(4)(a), (5)(a) MF 8(4)(b), (5)(b) MF 8(4)(c), (5)(c) MF 8(4)(d), (5)(d) MF 9 MF 10(1) MF 10(4), (5), (6) MF 11(1) MF 11(1), (2) MF 11(3) MF 11(4), (5) MF 12(1) MF 12(2) MF 13(1), (2) MF 13(3)(a) MF 13(3)(b) MF 13(3)(c) MF 14 MF 15 MF 16(1) MF 16(1)(a) MF 16(2)(a) MF 16(2)(b) 3448 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OP 98 OA 3(2) OA 7 OP 100 OP 101, OP 102 OP 103 OP 104 OA 8 OP 105 OP 106 OP 107 OP 108 OA 4, OE 2(5), OP 2, OP 99 OP 106 OP 101, OP 102 OA 2(2), (3), OE 1(2), (4) OE 17 OA 4 OE 18 OA 2(2), (3), OA 3(2) OA 7 OE 19 OE 20 OE 21 OE 22 OE 20(4), (5) OE 5 OA 10 OA 9 OA 14 OA 15 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued
 Provision in Income Tax Act 2004 (unless otherwise stated) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 Subpart MG MG 1 MG 2(1) MG 2(1), (3) MG 2(2), (3) MG 2(4), (5) MG 2(6), (7) MG 3(1) MG 3(2) MG 4(1)(a), (b) OA 3(3), (4) OA 2(2), (3) OC 1(1), (2) OC 3 OC 4, OP 52 OC 5 OA 2(2), (3), OA 3(2) OA 7 OC 1(3), (4) MG 4(1)(a), (c), (2)(a), (3) OC 6(1), (2), (3)(a), (4) MG 4(1)(b), (2)(b) MG 4(1)(ba), (2)(ba) MG 4(1)(bb), (2)(bb) MG 4(1)(bc), (2)(bc) MG 4(1)(bd), (2)(bd) MG 4(1)(d), (2)(d) MG 5(1)(a), (2)(a) MG 5(1)(ab), (2)(ab) MG 5(1)(b), (2)(b) MG 5(1)(c), (2)(c) MG 5(1)(ca), (2)(ca) MG 5(1)(d), (2)(d) MG 5(1)(e), (2)(d) MG 5(1)(f), (2)(e) MG 5(1)(g), (2)(e) MG 5(1)(h), (2)(f) MG 5(1)(i), (2)(g), (3), (4) MG 5(1)(j), (2)(h) MG 5(1)(k), (2)(i) MG 5(3) OC 7 OC 9 OC 8 OC 10 OC 11 OC 12 OC 13 OC 17 OC 20(2), (9) OC 18 OC 19(1), (4)–(6) OC 14 OC 16 OC 22 OC 23(2), (5) OC 25 OC 24 OC 26 OC 15 OC 1(7) 3449 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MG 5(4) MG 6 MG 7 MG 8(1) MG 8(1), (2) MG 8(1), (8) MG 8(2), (3) MG 8(2), (3), (8) MG 8(4) MG 8B MG 8B(4) “reduced deﬁcit debit” MG 8B(4) “DWP reference period” MG 8B(4) “maximum deﬁcit debit” MG 8B(4) “policyholder DWP ratio” MG 8B(4) “shareholder DWP ratio” MG 9(1), (2), (6) MG 9(3) MG 9(4), (5A) MG 9(5) MG 9(7), (8) MG 10 MG 10(1) MG 11 MG 12 MG 13 MG 13(1) MG 13(3) MG 13(6), (7) MG 14(1) MG 14(1)(a), (2)(a) MG 14(1)(b), (2)(a) 3450 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OZ 4 OC 27(1), (2) OC 20(1), (3)–(8) OA 18 OC 27(3)–(5) OD 20(2), (5) OC 28(1)–(6), (8), (9) OD 21(1)–(5) OC 22, OD 17(5) OC 23(1), (3) OC 38 OC 35 OC 36 OC 37 OC 39 OC 30 OC 31 OC 33 OC 34(1), (2) OC 32 OC 29, OD 22 OA 18 OC 18(1)–(5) OA 2(5), TAA 104B OP 1 OA 2(2), (3), OP 51 OA 7 OP 53 OA 2(2), (3), OA 3(2) OP 56 OP 58 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part
 A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MG 14(1)(bb), (2)(ab) MG 14(1)(c), (2)(a) MG 14(1)(d), (2)(b) MG 14(1)(e), (2)(c) MG 14(1)(f), (2)(d) MG 15(1) MG 15(1)(a), (2)(a) MG 15(1)(ab), (2)(ab) MG 15(1)(b), (2)(b) MG 15(1)(c), (2)(c) MG 15(1)(d), (2)(d) MG 15(1)(e), (2)(d) MG 15(1)(f), (2)(e) MG 15(1)(g), (2)(e) MG 15(1)(h), (2)(f) MG 15(1)(i), (2)(g) MG 15(1)(j), (2)(h) MG 15(1)(k), (2)(i) MG 15(1)(l), (2)(j) MG 16 MG 16(1) MG 16(1), (4) MG 16(2), (4) MG 16(3) MG 16(5) MG 16(6) MG 16A(1) MG 16A(1B) MG 16A(2) MG 17 MG 17(1) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OP 60 OP 57 OP 63 OP 59(2), (4) OP 62 OA 2(2), (3), OA 3(2), (4), OA 8 OP 64 OP 65 OP 74 OP 69 OP 66 OP 68 OP 72 OP 75 OP 76 OP 73 OP 77 OP 71 OP 67 OA 4, OP 2 OP 54 OC 2 OP 59(1), (3) OC 21 OP 71 OC 34(3) OC 28(7) OC 23(4) OP 55 OB 24, OB 53 OA 3(2)–(4), OA 10, OA 11 3451 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MG 17(1)(a) MG 17(2)(a) MG 17(2)(b) Subpart MH MH 1 Subpart MI MI 1 MI 2(1)–(3) MI 2(1), (4) MI 2(4) MI 2(5)–(7) MI 3 MI 3(2) MI 4(1)(a) MI 4(1)(a), (2)(a) MI 4(1)(b), (2)(b) MI 4(1)(c), (2)(c) MI 4(1)(d), (2)(d) MI 4(1)(e), (2)(e) MI 5(1)(a) MI 5(1)(a), (2)(a) MI 5(1)(b), (2)(b) MI 5(1)(c), (2)(c) MI 5(1)(d), (2)(d) MI 5(1)(e), (2)(e), (3)–(6) MI 5(1)(f), (2)(f), (5), (7) MI 5(1)(g), (2)(f), (5) MI 5(1)(h), (2)(g) MI 5(1)(i), (2)(h) MI 5(1)(j), (2)(i) MI 5(3)–(7) 3452 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OA 9 OA 14 OA 15, OA 16 RA 7 OA 3(2) OD 3 OA 2(2), (3), OD 1(1), (2), (5) OD 2(1) OD 4 OA 2(2), (3), OA 3(3), (4) OA 7 OD 1(3) OD 5 OD 8 OD 7 OD 9 OD 6 OD 1(4) OD 1(4), OD 10 OD 13 OD 17 OD 18 OD 16 OD 14 OD 15 OD 19 OD 11 OD 12 OA 8 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MI 6(1) MI 6(2) MI 7(1)
 MI 7(2) MI 8 MI 8(1) MI 9 MI 10 MI 10(2) MI 10(5) MI 11 MI 12 MI 13 MI 13(6) MI 13(7) MI 14 MI 14(1) MI 15 MI 16 MI 17(1) MI 17(1)(a), (2)(a) MI 17(1)(b), (2)(b) MI 17(1)(c), (2)(c) MI 17(1)(d), (2)(d) MI 17(1)(e), (2)(e) MI 17(1)(f), (2)(f) MI 18(1) MI 18(1)(a), (2)(a) MI 18(1)(b), (2)(b) MI 18(1)(c), (2)(c) MI 18(1)(d), (2)(d) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OC 19(2), (3), OD 6 OD 11 OD 22(1) OD 20(6) OD 21 OA 18, OD 20, OD 22 OD 18 OD 23 OC 6(3)(b) YA 2(1)–(3) OD 25 OA 2(5), TAA 104B OA 9, OA 10, OB 24, OB 53 OA 12 OD 24 OA 2(2), (3), OP 1(1), OP 78(1) OD 1(5) OA 7 OP 78(2), YA 1 “CTR company” OA 2(2), (3), OA 3(2) OP 81 OP 82 OP 83 OP 86 OP 84(2), (4) OP 85(1), (5) OA 2(2), (3), OA 3(2) OP 87 OP 89 OP 92 OP 93 3453 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MI 18(1)(e), (2)(e), (3), (4) MI 18(1)(e), (3), (4) MI 18(1)(f), (2)(f) MI 18(1)(g), (2)(g) MI 19 MI 19(1), (2) MI 19(1), (5) MI 19(3), (4) MI 19(5) MI 20(1) MI 20(2) MI 21 MI 21(5) MI 22 MI 22(1) MI 22(4) Subpart MJ MJ 1(1) MJ 1(2) MJ 2 MJ 3(1) MJ 3(2) MJ 4 MJ 5 MJ 5(1) MJ 6 MJ 6(1) MJ 7 MJ 8 Subpart MK MK 1 3454 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OP 91 OA 8 OP 94 OP 88(1), (5) OA 4, OP 2 OP 79 OD 2(2) OP 84(1), (3) OP 90 OP 70, OP 85(2)–(4) OP 61, OP 88(2)–(4) OP 95 YA 2(1)–(3) OD 21(6)–(8) OP 80 OP 96 OA 2(2), (3), OF 1(1), (2), OF 3 OZ 5 OA 3(3), (4) OA 2(2), (3), OA 3(2), OF 2 OA 7 OZ 5 OF 4 OF 1(3) OF 5(2)(b) OF 1(4) OA 7, OZ 6 OA 2(5), TAA 104B OK 1 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MK 1(1) MK 2 MK 3 MK 3(1) MK 3(2) MK 4(1)(a), (2)(a) MK 4(1)(b), (2)(a) MK 4(1)(c), (2)(a) MK 4(1)(d), (2)(b) MK 4(1)(e), (2)(c) MK 4(1)(f), (2)(c) MK 4(1)(g), (2)(d) MK 4(1)(h), (2)(e) MK 5(1)(a), (2)(a) MK 5(1)(b), (2)(b) MK 5(1)(c), (g),
 (2)(c) MK 5(1)(d), (2)(d) MK 5(1)(e), (2)(c) MK 5(1)(f), (2)(f) MK 5(1)(h), (2)(g) MK 5(1)(i), (2)(h) MK 5(1)(j), (2)(i) MK 5(3), (4) MK 6 MK 7(1) MK 7(2)–(4) MK 7(5) MK 8(1), (2), (6) MK 8(3), (4), (6) MK 8(5) MK 8(5B) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OA 1(5) OA 3(3), (4) OK 1 OA 2(2), (3), OA 3(2)–(4) OA 7 OK 2 OK 3 OK 4 OK 5 OK 6 OK 7 OK 9 OK 8 OK 10 OK 11 OK 12 OK 16(4), (5) OK 14 OK 15 OK 17 OK 18 OK 13 OA 8 OK 19 OA 18, OK 19(2), (3) OK 20 OK 16(1)–(3) OK 21 OK 22 OK 23 OK 24 3455 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MK 8(6) MK 9 Subpart MZ MZ 1 MZ 2 MZ 3 MZ 4 MZ 5 MZ 6 MZ 8 MZ 9 MZ 10 MZ 11 MZ 12 PART N Subpart NB NB 1 Subpart NBA NBA 1 NBA 2(1)(a)–(c), (2), (3) NBA 2(1)(c) NBA 2(4) NBA 3 NBA 4(1)(a) NBA 4(1)(b)(i), (ii) NBA 4(1)(b)(iii) NBA 4(1B) NBA 4(2), (3) NBA 4(4) NBA 5 NBA 5(1) 3456 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 YA 2(1)–(3) OA 2(5), TAA 104B omitted omitted omitted omitted omitted omitted RZ 1 RZ 2 RZ 3 RZ 4 RZ 5 FM 3 RP 2(1), (2), TAA 15C TAA 15D TAA 15F TAA 15E TAA 15J RP 9 RP 10 RP 11 RP 8 RP 7 RP 12 RP 16 RP 14 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) NBA 5(1B) NBA 5(1), (2) NBA 5(3) NBA 5(4) NBA 6 NBA 7 NBA 8 Subpart NBB NBB 1 NBB 2 NBB 3 NBB 3(2) NBB 4(1) NBB 4(2)–(5) NBB 5(1)–(3) NBB 5(4), (5) NBB 6 NBB 7(1), (2) NBB 7(3) Subpart NC NC 1(1) NC 1(2) NC 2(1) NC 2(2)–(4) NC 2(5) NC 3 NC 4 NC 5 NC 5(2) NC 6 NC 6(1A), (3) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RP 15 RP 13 TAA 15K TAA 15L RP 6 RA 19, RM 7 RP 2(3), TAA 15J(3), (4) RP 4 TAA 15G RP 3, TAA 15C(2) TAA 15M TAA 15H TAA 15I TAA 15M RP 5 RP 4 TAA 15J(3), (4) RP 2(3) omitted RD 3(1), (5) RA 2, RD 16 RD 15 RD 17 YA 1 “pay” RD 6 RD 21 RA 10 RD 10(1), (2), (4) RD 9 3457 Schedule
 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) NC 6(1C), (1D) NC 7(1) NC 7(2) NC 7(3) NC 8(1) proviso NC 8(1), (1AA) NC 8(1A) NC 8(2)–(4), (11) NC 8(7) NC 8(9A) NC 8(10) NC 8(12) NC 8A NC 9 NC 10 NC 11 NC 12 NC 12A NC 13 NC 14 NC 15 NC 15(1) NC 15(1), (2), (2B) NC 15(1), (5), (6) NC 15(3) NC 15(4) NC 15(7) NC 16 NC 18 NC 18(1) NC 19 3458 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RD 11 TAA 24L RD 18 TAA 24P TAA 24C TAA 24B RD 10(2)(a) TAA 24I TAA 24H TAA 24D TAA 24P TAA 24E TAA 24I TAA 24H RD 12 RD 13 RD 14 TAA 24G RD 11 TAA 24F RA 5, RA 15 RD 4(1) TAA 24J RD 22 TAA 24P RD 2(3) RA 20 RA 8, RA 10, RD 4(2) RD 23 RD 24 RA 9 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) NC 20 NC 20(1) NC 21 NC 21(f)–(h) Subpart ND ND 1 ND 1(1)–(3) ND 1(2)(a) ND 1(2)(b), (4) ND 1(2)(c), (4), (5) ND 1(2)(c), (5) ND 1(6) ND 1A(1) ND 1A(1)–(1D) ND 1A(2)–(6) ND 1AB ND 1B(1)–(6) ND 1B(7) ND 1C ND 1D ND 1DB ND 1E ND 1F ND 1G ND 1H ND 1I ND 1IB ND 1J ND 1K ND 1L ND 1M Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RA 22 RA 10 RA 21 RD 8 RA 5(1)(b), RA 10 RD 26 RD 59 RD 58 RD 61 RD 60 TAA 46E RD 27(1) RD 28 RD 29 RD 30 RD 31 RD 32 RD 33 RD 34 RD 35 RD 36 RA 21 RD 34(1), (3) RD 37 RD 38 RD 39 RD 40 RD 41 RD 27(2), (3) YA 1 “identical goods” 3459 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ND 1N ND 1O ND 1P(1) ND 1P(2) ND 1Q ND 1R ND 1S ND 1T ND 1U ND 1V ND 1W(1) ND 1W(2) ND 2(1)–(4) ND 2(2) ND 2(3) ND 2(4) ND 2(5) ND 3(1), (1A) ND 3(2) ND 3(4)–(7) ND 4 ND 5(1), (2) ND 5(3)–(6) ND 5A ND 6 ND 7 ND 7A ND 8 ND 8B ND 9 ND 9(2), (3) 3460 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RD 42 RD 43 YA 1 “cost”, “price” RD 44 RD 45 RD 46 RD 54 RD
 55 RD 56 RD 57 omitted RA 2, RA 10 RD 59 RD 58 TAA 46B RD 62(5) omitted RD 47 RD 48 RD 49(1), (2) RD 49(3) RD 51(1)–(2) RD 50 RD 52 RD 53 RD 51(4), (6) RD 51(5), (6) RD 63 RD 39 TAA 46B RA 15 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ND 10 ND 10(1) ND 10(2)–(5) ND 10(4)(a) ND 11 ND 12 ND 13 ND 13(5), (6) ND 13(8) ND 14 ND 14(2B) ND 14(5), (6) ND 14(8) ND 15 ND 15(7), (8) ND 16 Subpart NE NE 1 NE 2 NE 2(2) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RA 15 RD 59 TAA 46B RA 19, RM 9 TAA 46B TAA 46B RA 15, RD 61 TAA 46C RA 20 RA 15, RD 60 RD 62(5) TAA 46C RA 20 RD 62(5) RD 60(5), TAA 46D RD 49(4) RD 64(2) RD 67 RD 65(2) NE 2A(1), (2) RA 8, RD 68 NE 2A(3) NE 2AA NE 2B NE 3B NE 3 NE 4 NE 5 NE 6 NE 6(b), (c) NE 7 omitted RD 69 RD 69 RD 66(7)(d), (8)–(11), (13) RA 5(1)(c), RD 66(3)–(7), (13) RA 15 RA 10, RD 70 RA 9, RD 71 RD 66(12) RA 23 3461 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) NE 7(2) Subpart NEA NEA 1 Subpart NF NF 1(1) NF 1(2), (4), (5) NF 1(2)(b)(ix), (x) NF 2(1)(a) NF 2(1)(b) NF 2(1)(c), (2) NF 2(1)(d) NF 2(1)(e), (f) NF 2(1)(g) NF 2(1A), (1AB) NF 2(1B) NF 2(3), (4) NF 2(5) NF 2(6) NF 2(7), (7B) NF 2(8) NF 2A(1), (3) NF 2A(2) NF 2AA NF 2B NF 2C NF 2D(1), (3) NF 2D(2) NF 3 NF 3(1) NF 3(1), (2) NF 3(3)–(5) 3462 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RA 2, YA 2(1)–(3) RD 72 omitted RE 2 LB 3(3) RE 12 RE 13 RE 14 RE 15 RE 16 RE 17 RE 3 RE 18 RE 4 RE 10 RF 5 RE 5, RE 29 RE 6 RE 19 omitted TAA 15T RE 11 omitted RE 19 omitted RA 8, RA 10 RE 8 RE 7 RE 9 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) NF 4 NF 4(1), (2) NF 4(1)–(5), (7), (8) NF 4(5) NF 4(6) NF 4(6B) NF 4(9) NF 5 NF 6(1) NF 6(2)–(4) NF 7(1) NF 7(1), (2) NF
 7(1), (2), (5) NF 8(1) NF 8(2)–(4) NF 8A(1) NF 8A(2), (3) NF 8B NF 8B(b) NF 9(1) NF 9(1)–(3) NF 9(4), (5) NF 9(6), (7), (9)–(11) NF 9(8), (10) NF 9(12)–(14) NF 10 NF 10(1)(a), (d), (3) NF 11(1) NF 11(1), (2) NF 11(2)–(9) NF 12 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RA 6, RA 10, RA 15 RE 20 RE 21 RA 16 RA 17, RE 28 RA 18 RE 26 RE 22 RA 11 RA 12 RA 19 RA 12 RM 8 RE 23 TAA 24K RE 24 TAA 24K RE 25 LB 3(2) RE 27 TAA 32E TAA 32H TAA 32G TAA 32F TAA 32I RE 30 TAA 32J TAA 32K RE 27 TAA 32L RA 9 3463 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) NF 13 Subpart NG NG 1(1) NG 1(2)–(4) NG 2(1)(a) NG 2(1)(b)(i), (ib) NG 2(1)(ab) NG 2(1)(b)(iii) NG 2(1)(b)(ii) NG 2(1)(c) NG 2(2) NG 2(3), (4) NG 3 NG 4 NG 5 NG 6 NG 7 NG 8(1) NG 8(2), (3) NG 9 NG 9(1)(a) NG 10 NG 11 NG 11(1)–(3) NG 11(4) NG 11(4B) NG 12 NG 13 NG 14 NG 15 NG 16 3464 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RA 2, RA 10, YA 2(1)–(3) omitted RF 2 RF 8 RF 12 RF 12B RF 12C RF 10(5B) RF 7 RF 14 RF 9 RB 3, RF 2(4) RF 2(5), (6) TAA 32M(1) TAA 32M(2) TAA 32M(3)–(5) RF 3 RF 4 RF 10 OD 1(3) RF 15 RA 6, RA 15 RF 13 RA 16 RA 18 RA 8, RA 10 RA 10, RF 6 RF 11 RA 9 RA 19 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) NG 16(1), (1A) NG 16(5) NG 16A(1) NG 16A(2), (3) NG 17(1) NG 17(2) Subpart NH NH 1(1) NH 1(2) NH 2(1) NH 2(2), (3) NH 2(4) NH 3 NH 3(1) NH 3(2) NH 3(2)–(4) NH 3(6) NH 3(7) NH 4 NH 4(1) NH 4(2), (3) NH 4(4)(a) NH 4(4)(b) NH 4(5)(b), (c) NH 4(5), (6) NH 4(8) NH 4(9) NH 5(1), (2) NH 5(3), (9) NH 5(4) NH 5(5), (6), (8) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RM 8 TAA 165B RA 11 RA 12 RA 23 RA 2, YA 2(1)–(3) RG 3 RG 2 RG 4 RG 5 TAA 32N RA 6, RA 15 RG 3 IA 3(2)(b) RG 6 TAA 32N RA 2, RM 6, YA 2(1)–(3) RA 19 RM 3 RM 18 RM 19 RM 20 TAA
 71B IA 3(2)(c), RM 21 RA 20 FM 30(6) FM 25 FM 24 FM 26 FM 27 3465 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) NH 5(6), (7) NH 5(7) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 IA 3(2)(c) FM 28 NH 6(1), (2), (5), (7) FM 30(1)–(5), (7) NH 6(6) NH 7 Subpart NZ NZ 1 PART O Subpart OB OB 1 OB 1 “absentee” OB 1 “beneﬁciary income” OB 1 “category A income” OB 1 “category B income” OB 1 “complying fund rules” OB 1 “consideration” OB 1 “consolidation rules” OB 1 “corpus” OB 1 “current value” OB 1 “designated investment fund” OB 1 “distribution” OB 1 “dividend withholding payment rules” OB 1 “DWP reference period” OB 1 “effective interest” OB 1 “eligible company” OB 1 “eligible period” OB 1 “employer’s superannuation contribution” OB 1 “extra pay” OB 1 “FBT rules” OB 1 “foreign company” 3466 FM 29 RG 7 omitted YA 1 HD 18(2) HC 5, HC 6(1)–(3) HR 3(1), (2), (7) HR 3(3) RD 66 FA 7, FA 13 FM 2(2) HC 4 HR 3(4) HR 3(6) HC 14 RG 1 OC 35 HA 43 FM 31(1) MC 8 RD 65(1) RD 7 RD 25 HA 6(2) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 HC 10(2)–(4), HC 11 MK 1(2), MK 4, MK 8 FA 7, FA 13 FA 7, FA 13 FN 2 HF 1 HF 1 MA 7 FA 15 FA 15 OC 36 HR 3(4) MK 3(1) OB 1 “foreign trust” OB 1 “full time earner” OB 1 “fully conduit tax relief credited” RF 9(6), (7) OB 1 “group investment fund” OB 1 “imputation rules” OB 1 “lessee’s acquisition cost” OB 1 “lessee’s outstanding balance” OB 1 “lessor’s disposition value” OB 1 “lessor’s outstanding balance” OB 1 “Maori authority” OB 1 “Maori authority rules” OB 1 “maximum deﬁcit debit” OB 1 “member credit contributions” OB 1 “member credit year” OB 1 “net balance due” OB 1 “non-qualifying trust” OB 1 “NRWT rules” OB 1 “PAYE rules” OB 1 “policyholder DWP ratio” OB 1
 “principal caregiver” OB 1 “provisional tax rules” OB 1 “qualifying amalgamation” OB 1 “qualifying person” (a)(i) OB 1 “qualifying person” (a)(ii) OB 1 “qualifying person” (a)(iii) OB 1 “qualifying trust” OB 1 “reduced deﬁcit debit” OB 1 “relative” OB 1 “resident imputation subgroup” OB 1 “RWT rules” OB 1 “salary or wages” RC 2, RC 3 HC 10(1) MC 10 HC 12 OC 38 OC 37 FA 15 MC 4 MC 5 MC 3 RD 5 RE 1 FN 8 FO 3 RF 1 RD 2(1), (2) YB 9–YB 12 3467 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) OB 1 “settlor” OB 1 “shareholder DWP ratio” OB 1 “speciﬁed period” OB 1 “speciﬁed superannuation contribution” OB 1 “SSCWT rules” OB 1 “taxable distribution” OB 1 “trans-Tasman imputation group” OB 1 “trustee income” OB 2 OB 3(1) OB 3(1)(a), (b), (g) OB 3(1)(c), (3) OB 3(1)(d) OB 3(1)(f) OB 3(3A) OB 3(4) OB 3A OB 6 OB 6(1)(a), (d), (i) OB 6(1)(b), (c) OB 6(1)(e) OB 6(1)(f) OB 6(2), (3) Subpart OC OC 1(1) OC 1(2) OC 1(2)–(6) OC 1(6) OC 3(a) OC 3(b) 3468 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 HC 27, HC 28 OC 39 MC 11 RD 65(1), (2) RD 64 HC 15 FN 8 HC 5, HC 7(1) RD 3(1)–(4) HA 2 HA 6(2) HA 7 HA 9(1) HA 5 HA 11(5) HA 9(2) YA 1 “charitable purpose” YA 2 omitted YA 2(4) YA 2(5) YA 2(6) YA 3 omitted HR 5 HR 6 HR 7 YA 1 “company” (e) YA 1 “business” (b)(i) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) OC 3(c) OC 3(d) OC 4 Subpart OD OD 1 OD 2 OD 3(1), (2) OD 3(3)(a) OD 3(3)(c) OD 3(3)(d) OD 4(1), (2) OD 4(3)(a) OD 4(3)(c) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CV 5 omitted TAA 225AA YC 1 omitted YC 2 YC 5 YC 6 YC 4(1)–(3) YC 3 YC 5 YC 6 OD 4(3)(d), (4) YC 4(4)–(8) OD 5(1) OD 5(2) OD 5(3), (4) OD 5(5) OD 5(5A)–(5C) OD 5(6) OD 5(6A)–(6F) OD 5(7) OD 5(8) OD 5(9) OD 5A OD 5AA OD 5B OD 6 OD 7(1)(a), (2), (3) OD 7(1)(b), (2) OD 7(1)(c) YC 7
 YC 8 YC 9 YC 10 YC 12 YC 11 YC 13 YC 14 YC 15 YC 16 YC 17 YC 18 YC 19 YC 20 YB 2 YB 5 YB 9–YB 12 3469 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) OD 7(1)(d)(i) OD 7(1)(d)(ii) OD 8(1), (3), (4) OD 8(1)(a), (2), (3)(a)(i), (3A), (4)(a)(i), (6) OD 8(1)(b), (2)(b), (c) OD 8(1)(c), (3)(d), (4)(c) OD 8(1)(d), (3)(e), (4)(d) OD 8(1)(e), (3)(f), (4)(e) OD 8(1)(f), (3)(h) OD 8(1)(g), (3)(g) OD 8(1)(h) OD 8(3)(a)(ii), (3A) OD 8(3)(b) OD 8(3)(c), (3A) OD 8(3)(i) OD 8(3)(j) OD 8(4)(b) OD 8(4)(b)(i) OD 9 Subpart OE OE 1 OE 2(1), (1B) OE 2(2)–(6) OE 4(1) OE 4(1A) OE 5 OE 7(1), (2) OE 7(3)–(5) OE 8 Subpart OF OF 1 3470 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 YB 16 YB 17 YB 20 YB 2 YB 8 YB 9–YB 12 YB 16 YB 17 YB 14 YB 13 YB 19 YB 3 YB 7 YB 4 YB 15 YB 18 YB 6 YB 5 YB 21 YD 1 YD 2(1), (3) YD 3 YD 4 YZ 1 omitted YD 10 YD 11 YD 9 YE 1 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) OF 2(1) PART Y Subpart YA YA 1 YA 2 YA 3 YA 4 YA 5 YA 6 Schedules Schedule 1 Schedule 2 part A Schedule 2 part B Schedule 3 Schedule 4 Schedule 5 Schedule 6 Schedule 6B Schedule 7 Schedule 8 Schedule 9 Schedule 10 Schedule 11 Schedule 11B Schedule 12 Schedule 13 Schedule 14 Schedule 15 Schedule 16 Schedule 17 Schedule 18 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 HC 6(3), (4) ZA 1 ZA 2 ZA 3 ZA 4 ZA 5 ZA 6 schedule 1 schedule 5 schedule 1 schedule 24 schedule 25 schedule 26 schedule 27 schedule 19 schedule 20 schedule 17 schedule 18 schedule 10 schedule 12 schedule 11 schedule 31 schedule 3 schedule 1 schedule 37 schedule 13 schedule 14 schedule 36 3471 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) Schedule 19 Schedule 19, appendix Schedule 20 Schedule 21 Schedule 22
 Schedule 22A Schedule 23 Other legislation and regulations Income Tax Amendment Act (No 5) 1988, s 9 Income Tax (Withholding Payments) Regulations 1979, regs 2, 4, 6–8 Income Tax (Withholding Payments) Regulations 1979, reg 3 Income Tax (Withholding Payments) Regulations 1979, reg 5 Income Tax (Withholding Payments) Regulations 1979, reg 5(3) Income Tax (Withholding Payments) Regulations 1979, reg 6A Income Tax (Withholding Payments) Regulations 1979, regs 10, 11 Income Tax (Withholding Payments) Regulations 1979, reg 12 Income Tax (Withholding Payments) Regulations 1979, reg 12A Income Tax (Withholding Payments) Regulations 1979, schedule Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 schedule 2 omitted schedule 48 schedule 49 schedule 50 schedule 51 schedule 52 HC 1(2)(d) RD 8 RD 10(3) TAA 24M RD 24 TAA 24N RD 19 RD 20 TAA 24O schedule 4 Schedule 52 part A: amended, on 1 April 2008, by section 593(1)(a) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 52 part A: amended, on 1 April 2008, by section 593(1)(b) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part A: amended, on 1 April 2008, by section 593(2) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part A: amended, on 1 April 2008, by section 593(3) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
3472 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part A—continued Schedule 52 part A: amended, on 1 April 2008, by section 593(4)(a) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part A: amended, on 1 April 2008, by section 593(4)(b) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 52 part A: amended, on 1 April 2008, by section 593(5) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part A: amended, on 1 April 2008, by section 593(6) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part A: amended, on 1 April 2008, by section 593(7) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 52 part A: amended, on 1 April 2008, by section 593(8) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part A: amended, on 1 April 2008, by section 593(9) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part A: amended, on 1 April 2008, by section 593(10)(a) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 52 part A: amended, on 1 April 2008, by section 593(10)(b) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part A: amended, on 1 April 2008, by section 593(10)(c) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part A: amended, on 1 April 2008, by section 593(10)(d) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 52 part A: amended, on 1 April 2008, by section 593(11) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part A: amended, on 1 April 2008, by section 593(12) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part A: amended, on 1 April 2008, by section 593(13) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
3473 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B Income Tax Act 2007: corresponding provisions in Income Tax Act 2004 and other legislation or regulation Provision in Income Tax Act 2007 A 1 A 2 PART A AA 1 AA 2 AA 3(1) AA 3(2) AA 4 PART B Subpart BA BA 1 Subpart BB BB 1 BB 2 BB 3 Subpart BC BC 1 BC 2 BC 3 BC 4 BC 5 BC 6 BC 7 BC 8 Subpart BD BD 1 BD 2 BD 3 BD 4 3474 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) A 1 A 2 AA 1 AA 2 AA 3(2) new new BA 1 BB 1 BB 2 BB 3 BC 1 BC 2 BC 3 BC 4 BC 5 BC 6(1), (5) BC 7 BC 9 BD 1 BD 2 BD 3 BD 4 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart BE BE 1 Subpart BF BF 1 Subpart BG BG 1 Subpart BH BH 1 PART C Subpart CA CA 1 CA 2 Subpart CB CB 1 CB 2 CB 3 CB 4 CB 5 CB 6 CB 7 CB 8 CB 9 CB 10 CB 11 CB 12 CB 13 CB 14 CB 15 CB 16 CB 17 CB 18 CB 19 BE 1 BF 1 BG 1 BH 1 CA 1 CA 2 CB 1 FB 3 CB 2 CB 3 CB 4 CB 5, OB 1 “land” (a)(i) CB 6 CB 6B CB 7 CB 8 CB 9 CB 10 CB 11 CB 12 CB 13 CB 14 CB 15 CB 16 CB 17 3475 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 CB 20 CB 21 CB 22 CB 23 CB 24 CB 25 CB 26 CB 27 CB 28 CB 29 CB 30 CB 31 CB 32 CB 33 CB 34 Subpart CC CC 1 CC 2 CC 3 CC 4 CC 5 CC 6 CC 7 CC 8 CC 9 CC 10 CC 11 CC 12 CC 13 Subpart CD CD 1 CD 2 3476 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CB 18 CB 19 CB 20 CB 21 CB 22 CB 23 CB 4B CB 24 CB 24B CB 25 CB 26 CB 27 CB 28 HF 1(1) HF 1(3)(c), (5), (6) CC 1 CC 2 CC 3 CC 4 CC 5 CC 6 CC 7 CC 8 CC 9 CC 10 FC 8E FC 8D(2) FC 10(5)(d)–(f) CD 1 CD 1B Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 CD 3 CD 4 CD 5 CD 6 CD 7 CD 8 CD 9 CD 10 CD 11 CD 12 CD 13 CD 14 CD 15 CD 16 CD 17 CD 18 CD 19 CD 20 CD 21 CD 22 CD 23 CD 24 CD 25 CD 26 CD 27 CD 28 CD 29 CD 30 CD 31 CD 32 CD 33 CD 34 Corresponding provision in
 Income Tax Act 2004 (unless otherwise stated) CD 2 CD 3 CD 4 CD 5 CD 6 CD 7 CD 7B CD 7C GB 1(3), GD 3, GD 5 HH 1(9) CD 8 FCB 2(b) CD 9 CD 10 CD 10B CD 10C CD 11 CD 12 CD 13 CD 14 CD 15 CD 16 CD 17 CD 18 CD 19 CD 20 CD 21 CD 21B CD 22 CD 23 CD 24 CD 24B 3477 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 CD 35 CD 36 CD 37 CD 38 CD 39 CD 40 CD 41 CD 42 CD 43 CD 44 CD 45 CD 46 CD 47 CD 48 CD 49 CD 50 CD 51 CD 52 CD 53 CD 54 Subpart CE CE 1 CE 2 CE 3 CE 4 CE 5 CE 6 CE 7 CE 8 CE 9 CE 10 CE 11 3478 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CD 25 CD 26 HI 4(2) CD 27 CD 28 CD 29 CD 30 CD 31 CD 32 CD 33 CD 34 CD 35 CD 36 CD 37 CD 38 CD 39 CD 40 CD 41 CD 42 CD 43 CE 1 CE 2 CE 3 CE 4 CE 5 CE 6 CE 7 CE 8 CE 9 CE 10 CE 11 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 CE 12 Subpart CF CF 1 CF 2 Subpart CG CG 1 CG 2 CG 3 CG 4 CG 5 CG 6 CG 7 Subpart CH CH 1 CH 2 CH 3 CH 4 CH 5 CH 6 CH 7 CH 8 CH 9 CH 10 Subpart CP CP 1 Subpart CQ CQ 1 CQ 2 CQ 3 CQ 4 CQ 5 CQ 6 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CE 12 CF 1 CF 2 CG 1 CG 2 CG 3 CG 4 CG 5 CG 6 FC 5(1) CH 1 CH 2 CH 3 CH 4 CH 5 FC 8H(2), FC 8I(3)(a) new new FG 8(1) FG 8B(1) CP 1 CQ 1 CQ 2 CQ 3 CQ 4 CQ 5 CQ 6 3479 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart CR CR 1 CR 2 CR 3 Subpart CS CS 1 CS 2 CS 3 CS 4 CS 5 CS 6 CS 7 CS 8 CS 9 CS 10 CS 11 CS 12 CS 13 CS 14 CS 15 CS 16 CS 17 CS 18 Subpart CT CT 1 CT 2 CT 3 CT 4 CT 5 CT 6 CT 7 3480 CR 1 CR 2 FC 13, FC 14(2) CS 1 CS 2 CS 3 CS 4 CS 5 CS 6 CS 7 CS 8 CS 9 CS 10 CS 11 CS 12 CS 13 CS 14 CS 15 CS 16 CS 17 GD 6(1), (2) CT 1 CT 2 CT 3 CT 4 CT 5 CT 6 CT 7 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act
 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart CU CU 1 CU 2 CU 3 CU 4 CU 5 CU 6 CU 7 CU 8 CU 9 CU 10 CU 11 CU 12 CU 13 CU 14 CU 15 CU 16 CU 17 CU 18 CU 19 CU 20 CU 21 CU 22 CU 23 CU 24 CU 25 CU 26 CU 27 CU 28 CU 29 Subpart CV CV 1 CU 1 CU 2 CU 3 CU 4 CU 5 CU 6 CU 7 CU 8 CU 9 CU 10 CU 11 CU 12 CU 13 CU 14 CU 15 CU 16 CU 17 CU 18 CU 19 CU 20 CU 21 CU 22 CU 23 CU 24 CU 25 CU 26 CU 27 CU 28 CU 29 CV 1 3481 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 CV 2 CV 3 CV 4 CV 5 CV 6 CV 7 CV 8 CV 9 CV 10 CV 11 CV 12 CV 13 CV 14 CV 15 CV 16 CV 17 Subpart CW CW 1 CW 2 CW 3 CW 4 CW 5 CW 6 CW 7 CW 8 CW 9 CW 10 CW 11 CW 12 CW 13 CW 14 CW 15 3482 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HB 2(1)(e) FD 10(8) FE 4(b) OC 3(c) CV 2 CV 3 CV 4 LE 3(6), (8) FH 8(3) HI 4(3), HI 5(2), (3), HI 7 HH 8 HH 1(7), HH 3(1) HH 3(5A) HH 3(3) FC 18, FC 19 FC 21(1), (2), (4) CW 1 CW 2 CW 3 CW 4 CW 5 CW 6 CW 7 CW 8 CW 9 CW 10 CW 11 CW 11B CW 11C HG 10(a) HG 13(1)(a), (1A) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 CW 16 CW 17 CW 18 CW 19 CW 20 CW 21 CW 22 CW 23 CW 24 CW 25 CW 26 CW 27 CW 28 CW 29 CW 30 CW 31 CW 32 CW 33 CW 34 CW 35 CW 36 CW 37 CW 38 CW 39 CW 40 CW 41 CW 42 CW 43 CW 44 CW 45 CW 46 CW 47 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CW 12 CW 13 CW 14 CW 15 CW 16 CW 17 CW 18 CW 19 CW 20 CW 21 CW 22 CW 22B CW 23 CW 23B CW 24 CW 25 CW 26 CW 27 CW 28 CW 28B CW 29 CW 30 CW 31 CW 32 CW 33 CW 34 CW 35 CW 36 CW 37 CW 38 CW 39 CW 40 3483 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 CW 48 CW 49 CW 50 CW 51 CW 52 CW 53 CW 54 CW 55 CW 56 CW 57 CW 58 CW 59 CW 60 CW 61 CW 62 CW 63 CW 64 Subpart CX CX 1 CX 2 CX 3 CX 4 CX 5 CX 6 CX 7 CX 8 CX 9 CX 10 CX 11 CX 12 CX 13 CX 14 3484 Corresponding provision in Income
 Tax Act 2004 (unless otherwise stated) CW 40B CW 41 CW 42 CW 43 CW 44 HH 3(5) HH 4(3B) HI 5(1) CW 45 CW 45B CW 46 CW 47 CW 48 CW 49 CW 49B GB 1(1)–(2C), GD 3(1), (2) CW 50 CX 1 CX 2 CX 3 CX 4 CX 5 CX 6 CX 6B CX 7 CX 8 CX 9 CX 10 CX 11 CX 12 CX 13 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 CX 15 CX 16 CX 17 CX 18 CX 19 CX 20 CX 21 CX 22 CX 23 CX 24 CX 25 CX 26 CX 27 CX 28 CX 29 CX 30 CX 31 CX 32 CX 33 CX 34 CX 35 CX 36 CX 37 CX 38 CX 39 CX 40 CX 41 CX 42 CX 43 CX 44 CX 45 CX 46 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CX 14 CX 15 CX 16 GC 15(3), (4) CX 17 CX 18 CX 18B CX 19 CX 20 CX 20B CX 21 CX 22 CX 23 CX 24 CX 25 CX 26 CX 26B CX 27 CX 27B CX 28 CX 29 CX 30 CX 31 CX 32 CX 33 CX 34 CX 35 CX 36 CX 37 CX 38 CX 39 CX 40 3485 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 CX 47 CX 48 CX 49 CX 50 CX 51 CX 52 CX 53 CX 54 CX 55 CX 56 CX 57 CX 58 CX 59 CX 60 CX 61 Subpart CZ CZ 1 CZ 2 CZ 3 CZ 4 CZ 5 CZ 6 CZ 7 CZ 8 CZ 9 CZ 10 CZ 11 CZ 12 CZ 13 CZ 14 CZ 15 CZ 16 3486 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CX 41 CX 41B CX 42 CX 1B CX 43 CX 43B CX 44 CX 44B CX 44C CX 44D CX 44E HH 3A–HH 3F HH 3(4) HB 2(1)(a) GB (1)–(2C), GD 3(1), (2) CZ 1 CZ 2 CZ 3 CZ 4 CZ 5 CZ 6 CZ 7 CZ 8 CZ 9 CZ 10 CZ 11 CZ 12 CZ 13 CZ 14 CZ 15 CZ 16 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 CZ 17 CZ 18 CZ 19 CZ 20 CZ 21 CZ 22 PART D Subpart DA DA 1 DA 2 DA 3 DA 4 Subpart DB DB 1 DB 2 DB 3 DB 4 DB 5 DB 6 DB 7 DB 8 DB 9 DB 10 DB 11 DB 12 DB 13 DB 14 DB 15 DB 16 DB 17 DB 18 DB 19 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CZ 17 CZ 18 CZ 19 FC 6(7), (8) GD 6(3) CZ 20 DA 1 DA 2 DA 3 DA 4 DB 1 DB 2 DB 3 DB 4 DB 5 DB 6 DB 7 DB 8 HG 9(3)–(5) FC 1(1), FC 2(2) DB 9 DB 9B DB 10 DB 11 DB 12 DB 12B DB 12C DB 13 DB 13B 3487
 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 DB 20 DB 21 DB 22 DB 23 DB 24 DB 25 DB 26 DB 27 DB 28 DB 29 DB 30 DB 31 DB 32 DB 33 DB 34 DB 35 DB 36 DB 37 DB 38 DB 39 DB 40 DB 41 DB 42 DB 43 DB 44 DB 45 DB 46 DB 47 DB 48 DB 49 DB 50 DB 51 3488 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DB 14 DB 15 DB 16 DB 17 DB 18 FC 4(f)(iv) DB 19 DB 20 DB 21 FB 4A DB 22 DB 23 DB 24 DB 25 DB 26 DB 27 DB 28 DB 28B DB 29 DB 30 DB 31 DB 32 DB 33 DB 34 DB 35 DB 36 DB 37 DB 38 DB 39 DB 40 DB 41 DB 42 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 DB 52 DB 53 DB 54 DB 55 DB 56 DB 57 DB 58 DB 59 Subpart DC DC 1 DC 2 DC 3 DC 4 DC 5 DC 6 DC 7 DC 8 DC 9 DC 10 DC 11 DC 12 DC 13 DC 14 DC 15 Subpart DD DD 1 DD 2 DD 3 DD 4 DD 5 DD 6 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DB 43 DB 43B DB 43C DB 44 DB 45 GD 4 GB 1(1)–(2C), GC 11A, GC 31, GD 3(1), (2), GD 5, GD 12, GD 12A GD 7, GD 10 DC 1 DC 2 DC 3 DC 4 GD 4 DC 5 DC 6 DC 7 DC 8 DC 9 DC 10 DC 11 DC 12 DC 13 DC 14 DD 1 DD 2 DD 3 DD 4 DD 5 DD 6 3489 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 DD 7 DD 8 DD 9 DD 10 DD 11 Subpart DE DE 1 DE 2 DE 3 DE 4 DE 5 DE 6 DE 7 DE 8 DE 9 DE 10 DE 11 DE 12 Subpart DF DF 1 DF 2 DF 3 DF 4 Subpart DN DN 1 DN 2 DN 3 DN 4 DN 5 DN 6 DN 7 DN 8 3490 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DD 7 DD 8 DD 9 DD 10 DD 11 DE 1 DE 2 DE 3 DE 4 DE 5 DE 6 DE 7 DE 8 DE 9 DE 10 DE 11 DE 12 DF 1 DF 2 DF 3 DF 4 DN 1 DN 2 DN 3 DN 4 DN 5 DN 6 DN 7 DN 9 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart DO DO 1 DO 2 DO 3 DO 4 DO 5 DO 6 DO 7 DO 8 DO 9 DO 10 DO 11 DO 12 DO 13 Subpart DP DP 1 DP 2 DP 3 DP 4 DP 5 DP
 6 DP 7 DP 8 DP 9 DP 10 DP 11 Subpart DQ DQ 1 DQ 2 DQ 3 DQ 4 DO 1 DO 2 DO 3 DO 4 DO 4B DO 4C DO 4D DO 4E “planting”, “plot” DO 4E “replaced area fraction” DO 5 DO 5B DO 6 DO 7 DP 1 DP 2 DP 3 DP 3B DP 4 DP 5 DP 6 DP 7 DP 8 DP 9, GD 15 DP 10 DQ 1 DQ 2 DQ 3 DQ 4 3491 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart DR DR 1 DR 2 DR 3 Subpart DS DS 1 DS 2 DS 3 DS 4 Subpart DT DT 1 DT 2 DT 3 DT 4 DT 5 DT 6 DT 7 DT 8 DT 9 DT 10 DT 11 DT 12 DT 13 DT 14 DT 15 DT 16 DT 17 DT 18 DT 19 DT 20 Subpart DU DU 1 3492 DR 1 DR 2 DR 3 DS 1 DS 2 DS 3 DS 4 DT 1 DT 2 DT 3 DT 4 DT 5 DT 6 DT 7 DT 8 DT 9 DT 10 DT 11 DT 12 DT 13 DT 14 DT 15 DT 16 DT 17 DT 18 DT 19 DT 20 DU 1 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 DU 2 DU 3 DU 4 DU 5 DU 6 DU 7 DU 8 DU 9 DU 10 DU 11 DU 12 Subpart DV DV 1 DV 2 DV 3 DV 4 DV 5 DV 6 DV 7 DV 8 DV 9 DV 10 DV 11 DV 12 DV 13 DV 14 DV 15 DV 15(1), (2) DV 16 DV 17 DV 18 DV 19 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DU 2 DU 3 DU 4 DU 5 DU 6 DU 7 DU 8 DU 9 DU 10 DU 11 DU 12 DV 1 DV 2 DV 3 DV 4 DV 5 DV 6 DV 7 DV 8 DV 9 DV 10 DV 10B DV 11 DV 12 DV 13 FE 6A FE 3 HB 2(1)(b), (d) HB 2(1)(c) ME 30(2), ME 35(2) HF 1(2), (3)(a), (b), (4) 3493 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart DW DW 1 DW 2 DW 3 Subpart DX DX 1 DX 2 DX 3 Subpart DZ DZ 1 DZ 2 DZ 3 DZ 4 DZ 5 DZ 6 DZ 7 DZ 8 DZ 9 DZ 10 DZ 11 DZ 12 DZ 13 DZ 14 DZ 15 DZ 16 DZ 17 DZ 18 PART E Subpart EA EA 1 EA 2 EA 3 3494 DW 1 DW 2 FC 15, FC 20, FC 21(3), (5) DX 1 LF 7 LE 3(10), LE 4 DZ 1 DZ 2 DZ 3 DZ 4 DZ 5 DZ 6 DZ 7 DZ 8 DZ 9 DZ 10 DZ 11 DZ 12 DZ 13 FC 6(4), FC 8 DZ 14 DZ 15 DZ 16 DZ 17 EA 1 EA 2 EA 3 Reprinted as at 13 June 2013 Income
 Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EA 4 Subpart EB Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EA 4 EB 1 EB 2 EB 3 EB 4 EB 5 EB 6 EB 7 EB 8 EB 9 EB 10 EB 11 EB 12 EB 13 EB 14 EB 15 EB 16 EB 17 EB 18 EB 19 EB 20 EB 21 EB 22 EB 23 EB 24 Subpart EC EC 1 EC 2 EC 3 EC 4 EC 5 EB 1 EB 2 EB 3 EB 4 EB 5 EB 6 EB 7 EB 8 EB 9 EB 10 EB 11 EB 12 EB 13 EB 14 EB 15 EB 16 EB 17 EB 18 EB 19 EB 20 EB 21 EB 22 EB 23 FB 4, FF 13(1) EC 1 EC 2 EC 3 EC 5 EC 5B 3495 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 EC 6 EC 7 EC 8 EC 9 EC 10 EC 11 EC 12 EC 13 EC 14 EC 15 EC 16 EC 17 EC 18 EC 19 EC 20 EC 21 EC 22 EC 23 EC 24 EC 25 EC 26 EC 27 EC 28 EC 29 EC 30 EC 31 EC 32 EC 33 EC 34 EC 35 EC 36 EC 37 3496 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EC 6 EC 7 EC 8 EC 9 EC 10 EC 11 EC 12 EC 13 EC 14 EC 15 EC 16 EC 17 EC 18 EC 19 EC 20 EC 21 EC 22 EC 23 EC 24 EC 25 EC 26 EC 27 EC 28 EC 29 EC 30 EC 31 EC 32 EC 33 EC 34 EC 35 EC 36 EC 37 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EC 38 EC 39 EC 40 EC 41 EC 42 EC 43 EC 44 EC 45 EC 46 EC 47 EC 48 Subpart ED ED 1 ED 2 Subpart EE EE 1 EE 2 EE 3 EE 4 EE 5 EE 6 EE 7 EE 8 EE 9 EE 10 EE 11 EE 12 EE 13 EE 14 EE 15 EE 16 EE 17 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EC 38 EC 39 EC 40 EC 41 EC 42 EC 43 EC 44 EC 45 EC 46 EC 47 EC 48 ED 1 ED 2 EE 1 EE 2 EE 3 EE 4 EE 5 EE 6 EE 7 EE 8 EE 9 EE 10 EE 11 EE 12 EE 13 EE 14 EE 15 EE 16 EE 17 3497 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 EE 18 EE 19 EE 20 EE 21 EE 22 EE 23 EE 24 EE 25 EE 26 EE 27 EE 28 EE 29 EE 30 EE 31 EE 32 EE 33 EE 34 EE 35 EE 36 EE 37 EE 38 EE 39 EE 40 EE 41 EE 42 EE 43 EE 44 EE 45 EE 46 EE 47 EE 48 EE 49 3498 Corresponding provision in Income Tax Act 2004 (unless
 otherwise stated) EE 18 EE 19 EE 20 EE 21 EE 22 EE 23 EE 24 EE 24B EE 25 EE 25B EE 25C EE 25D EE 25E EE 26 EE 26B EE 27 EE 27B EE 28 EE 29 EE 30 EE 31 EE 32 EE 33 EE 34 EE 35 EE 36 EE 37 EE 38 EE 39 EE 40 EE 41 EE 42 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EE 50 EE 51 EE 52 EE 53 EE 54 EE 55 EE 56 EE 57 EE 58 EE 59 EE 60 EE 61 EE 62 EE 63 EE 64 EE 65 EE 66 EE 67 Subpart EF EF 1 EF 2 EF 3 EF 4 EF 5 EF 6 Subpart EG EG 1 EG 2 EG 3 Subpart EH EH 1 EH 2 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FB 7 EE 43 EE 44 EE 44B EE 45 EE 46 EE 47 EE 48 EE 49 EE 50 EE 51 EE 52 EE 53 EE 54 EE 55 EE 56 EE 57 EE 58 EF 1 EF 2 EF 3 EF 4 EF 5 EF 6 EG 1 EG 2 EG 3 EH 1 EH 2 3499 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 EH 3 EH 4 EH 5 EH 6 EH 7 EH 8 EH 9 EH 10 EH 11 EH 12 EH 13 EH 14 EH 15 EH 16 EH 17 EH 18 EH 19 EH 20 EH 21 EH 22 EH 23 EH 24 EH 25 EH 26 EH 27 EH 28 EH 29 EH 30 EH 31 EH 32 EH 33 EH 34 3500 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EH 3 EH 4 EH 5 EH 6 EH 7 EH 8 EH 9 EH 10 EH 11 EH 12 EH 13 EH 14 EH 15 EH 16 EH 17 EH 18 EH 19 EH 20 EH 21 EH 22 EH 23 EH 24 EH 25 EH 26 EH 27 EH 28 EH 29 EH 30 EH 31 EH 32 EH 33 EH 34 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EH 35 EH 36 EH 37 EH 38 EH 39 EH 40 EH 41 EH 42 EH 43 EH 44 EH 45 EH 46 EH 47 EH 48 EH 49 EH 50 EH 51 EH 52 EH 53 EH 54 EH 55 EH 56 EH 57 EH 58 EH 59 EH 60 EH 61 EH 62 EH 63 EH 64 EH 65 EH 66 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EH 35 EH 37 EH 38 EH 39 EH 40 EH 41 EH 42 EH 43 EH 44 EH 45 EH 46 EH 47 EH 48 EH 49 EH 50 EH 51 EH 52 EH 53 EH 54 EH 55 EH 56 EH 57 EH 58 EH 59 EH 60 EH 61 EH 62 EH 64 EH 65 EH 66 EH 67 EH 68 3501 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act
 2007 EH 67 EH 68 EH 69 EH 70 EH 71 EH 72 EH 73 EH 74 EH 75 EH 76 EH 77 EH 78 EH 79 Subpart EI EI 1 EI 2 EI 3 EI 4 EI 5 EI 6 EI 7 EI 8 EI 9 Subpart EJ EJ 1 EJ 2 EJ 3 EJ 4 EJ 5 EJ 6 EJ 7 EJ 8 3502 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EH 69 EH 70 EH 71 EH 72 EH 73 EH 74 EH 75 EH 76 EH 77 EH 78 EH 79 EH 80 EH 81 EI 1 EI 2 EI 3 EI 3B EI 4 EI 5 EI 6 EI 7 EI 8 EJ 1 EJ 2 EJ 3 EJ 4 EJ 5 EJ 6 EJ 7 EJ 8 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EJ 9 EJ 10 EJ 11 EJ 12 EJ 13 EJ 14 EJ 15 EJ 16 EJ 17 EJ 18 EJ 19 EJ 20 EJ 21 EJ 22 EJ 23 Subpart EK EK 1 EK 2 EK 3 EK 4 EK 5 EK 6 EK 7 EK 8 EK 9 EK 10 EK 11 EK 12 EK 13 EK 14 EK 15 EK 16 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) GC 11B, GD 12A, GD 12B EJ 9 EJ 10 EJ 11 EJ 12 IH 3(1) EJ 13 EJ 14 EJ 15 EJ 16 EJ 17 EJ 18 EJ 19 EJ 20 EJ 21 EK 1 EK 2 EK 3 EK 4 EK 5 EK 6 EK 7 EK 8 EK 9 EK 10 EK 11 EK 12 EK 13 EK 14 EK 15 EK 16 3503 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 EK 17 EK 18 EK 19 EK 20 EK 21 EK 22 EK 23 Subpart EW EW 1 EW 2 EW 3 EW 4 EW 5 EW 6 EW 7 EW 8 EW 9 EW 10 EW 11 EW 12 EW 13 EW 14 EW 15 EW 16 EW 17 EW 18 EW 19 EW 20 EW 21 EW 22 EW 23 EW 24 3504 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EK 17 EK 18 EK 19 EK 20 EK 21 EK 22 EK 23 EW 1 EW 2 EW 3 EW 4 EW 5 EW 6 EW 7 EW 8 EW 9 EW 10 EW 11 EW 12 EW 13 EW 14 EW 15 EW 16 EW 17 EW 18 EW 19 EW 20 EW 21 EW 22 EW 23 EW 24 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EW 25 EW 26 EW 27 EW 28 EW 29 EW 30 EW 31 EW 32 EW 33 EW 34 EW 35 EW 36 EW 37 EW 38 EW 39 EW 40 EW 41 EW 42 EW 43 EW 44 EW 45 EW 46 EW 47 EW 48 EW 49 EW 50 EW 51 EW 52 EW 53 EW 54 EW 55 EW 56 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EW 25 EW 26 EW 27 EW 28 EW 29 EW 30 EW 31 EW 32 EW 33 EW 34 EW
 35 EW 36 EW 37 EW 38 EW 40 EW 41 EW 42 EW 43 EW 45 EW 46 EW 47 EW 47B EW 48 EW 49 EW 50 EW 51 EW 52 EW 52B EW 53 EW 54 EW 55 EW 56 3505 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 EW 57 EW 58 EW 59 EW 60 EW 61 EW 62 EW 63 Subpart EX EX 1 EX 2 EX 3 EX 4 EX 5 EX 6 EX 7 EX 8 EX 9 EX 10 EX 11 EX 12 EX 13 EX 14 EX 15 EX 16 EX 17 EX 18 EX 19 EX 20 EX 21 EX 22 EX 23 EX 24 3506 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EW 57 EW 58 EW 59 EW 60 EW 61 EW 62 EW 63 EX 1 EX 2 EX 3, GB 7, GC 9 EX 4 EX 5 EX 6 EX 7 EX 8 EX 9 EX 10 EX 11 EX 12 EX 13 EX 14 EX 15 EX 16 EX 17 EX 18 EX 19 EX 20 EX 21 EX 22 EX 23 EX 25 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EX 25 EX 26 EX 27 EX 28 EX 29 EX 30 EX 31 EX 32 EX 33 EX 34 EX 35 EX 36 EX 37 EX 38 EX 39 EX 40 EX 41 EX 42 EX 43 EX 44 EX 45 EX 46 EX 47 EX 48 EX 49 EX 50 EX 51 EX 52 EX 53 EX 54 EX 55 EX 56 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EX 26 EX 27 EX 28 EX 29 EX 30 EX 31 EX 33C EX 33D EX 33E EX 32 EX 33(1), (2) EX 33(3) EX 33(4) EX 33(5) EX 33B(1), (3) EX 34 EX 35 EX 36 EX 37 EX 38 EX 39 EX 40 EX 40B EX 41 EX 42 EX 43 EX 44 EX 44B(2), EX 44C EX 44B(1), (3), EX 44D EX 44E EX 45 EX 45B 3507 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 EX 57 EX 58 EX 59 EX 60 EX 61 EX 62 EX 63 EX 64 EX 65 EX 66 EX 67 EX 68 EX 69 EX 70 EX 71 EX 72 Subpart EY EY 1 EY 2 EY 3 EY 4 EY 5 EY 6 EY 7 EY 8 EY 9 EY 10 EY 11 EY 12 EY 13 EY 14 3508 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EX 44(7), EX 44C(11), EX 44D(13), EX 45(15), EX 45B(17) EX 46 EX 47 EX 48 EX 49 EX 50 EX 51 EX 52 EX 53 EX 54 EX 54B EX 56 EX 57 EX 58 EX 59 EX 60 EY 1 EY 2 EY 3 EY 4 EY 5 EY 6 EY 7 EY 8 EY 9 EY 10 GD 8(1), (3)–(9) EY 11 EY 12 EY 13 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule
 52 Part B—continued Provision in Income Tax Act 2007 EY 15 EY 16 EY 17 EY 18 EY 19 EY 20 EY 21 EY 22 EY 23 EY 24 EY 25 EY 26 EY 27 EY 28 EY 29 EY 30 EY 31 EY 32 EY 33 EY 34 EY 35 EY 36 EY 37 EY 38 EY 39 EY 40 EY 41 EY 42 EY 43 EY 44 EY 45 EY 46 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EY 14 EY 15 EY 16 EY 17 EY 18 EY 19 EY 20 EY 21 EY 22 EY 23 EY 24 EY 25 EY 26 EY 27 EY 28 EY 29 EY 30 EY 31 EY 32 EY 33 EY 34 EY 35 EY 36 EY 37 EY 38 EY 39 EY 40 EY 41 EY 42 EY 43 EY 44 EY 45 3509 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 EY 47 EY 48 EY 49 Subpart EZ EZ 1 EZ 2 EZ 3 EZ 4 EZ 5 EZ 6 EZ 7 EZ 8 EZ 9 EZ 10 EZ 11 EZ 12 EZ 13 EZ 14 EZ 15 EZ 16 EZ 17 EZ 18 EZ 19 EZ 20 EZ 21 EZ 22 EZ 23 EZ 24 EZ 25 EZ 26 EZ 27 EZ 28 3510 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EY 46 EY 47 EY 48 EZ 1 EZ 2 EZ 3 EZ 4 EZ 4B EZ 4C EZ 5 EZ 6 EZ 8 EZ 9 EZ 10 EZ 11 EZ 12 EZ 13 EZ 14 EZ 15 EZ 16 EZ 17 EZ 18 EZ 19 EZ 20 EZ 21 EZ 21B EZ 22 EZ 23 EZ 24 EZ 25 EZ 26 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EZ 29 EZ 30 EZ 31 EZ 32 EZ 33 EZ 34 EZ 35 EZ 36 EZ 37 EZ 38 EZ 39 EZ 40 EZ 41 EZ 42 EZ 43 EZ 44 EZ 45 EZ 46 EZ 47 EZ 48 EZ 49 EZ 50 EZ 51 EZ 52 PART F Subpart FA FA 1 FA 2 FA 3 FA 4 FA 5 FA 6 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EZ 27 EZ 28 EZ 29 EX 33B(2), (3) EZ 30 EZ 31 EZ 32 EZ 33 EZ 34 EZ 35 EZ 36 EZ 37 EZ 38 EZ 39 EZ 40 EZ 41 EZ 42 EZ 43 EZ 44 EZ 45 EZ 46 EZ 47 EZ 48 EZ 49 new FC 1, FC 2 FC 3 FC 4 FC 5 FC 8A(1), FC 8F, FC 8G 3511 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 FA 7 FA 8 FA 9(1) FA 9(2), (3) FA 10(1), (2) FA 10(3)–(5) FA 10(6), (7) FA 11(1), (2) FA 11(3)–(7) FA 12 FA 13 FA 14 FA 15 FA 16 FA 17 FA 18 Subpart FB FB 1 FB 2 FB 3 FB 4 FB 5 FB 6 FB 7 FB 8 FB 9 FB 10 FB 11 3512 Corresponding
 provision in Income Tax Act 2004 (unless otherwise stated) FC 8A(2), (3), OB 1 “consideration”, “lessee’s acquisition cost”, “lessor’s disposition value” FC 8B(1) FC 8B(2) FC 8E FC 8B(3) FC 8D FC 8C FC 8H FC 8I FC 9, FC 10 FC 10(1)(a), OB 1 “consideration”, “lessee’s acquisition cost”, “lessor’s disposition value” FC 10(1)(c), (5)(c) FC 10(2), (5)(a), OB 1 “lessee’s outstanding balance”, “lessor’s outstanding balance”, “net balance due” FC 10(3) FC 10(4) FC 10(5)(d)–(f) new FF 4 FF 6(1)(a) FF 6(1)(b) FF 6(1)(a)(iv), (b)(iv), (2) FF 7(1), (2), (5) FF 7(3), (4), (5) FF 8 FF 2 FF 1 FF 17(1) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 FB 12 FB 13 FB 14 FB 15 FB 16 FB 17 FB 18 FB 19 FB 20 FB 21 Subpart FC FC 1 FC 2 FC 3 FC 4 FC 5 FC 6 FC 7 FC 8 Subpart FE FE 1 FE 2 FE 3 FE 4 FE 5 FE 6 FE 7 FE 8 FE 9 FE 10 FE 11 FE 12 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FF 17(2), (3) FF 13 FF 13(1)(a)(i), (3) FF 9 FF 10 FF 11 FF 12 FF 14 FF 19 FF 15, FF 16 FI 1 FI 2, FI 3 FI 4 FI 5 FI 7 FI 6 FI 8 FI 11 FG 1 FG 2(1), (6), (8) FG 4(15), (16) new FG 3 FG 8 FG 8B FG 4(5), (6), FG 8E FG 10 FG 4(7), FG 5(6), FG 7, FG 8I FG 4(8), FG 5(7), FG 8J FG 3, FG 4(1), FG 5(1) 3513 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 FE 13 FE 14 FE 15 FE 16 FE 17 FE 18 FE 19 FE 20 FE 21 FE 22 FE 23 FE 24 FE 25 FE 26 FE 27 FE 28 FE 29 FE 30 FE 31 FE 32 FE 33 FE 34 FE 35 FE 36 FE 37 FE 38 FE 39 FE 40 FE 41 Subpart FF FF 1 FF 2 3514 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FG 6 FG 4(9), (15), (17), FG 9 FG 4(2) FG 4(3), (4) FG 5(2), (10) FG 5(2)–(5), (12), (13) FG 8H FG 8F FG 8G(1)–(3) FG 8G(4) FG 8B(3) FG 8G(5), (6) FG 4(10), (11) FG 4(10) FG 4(12)–(14B) FG 4(12), (14C), (14E) FG 4(12), (14C), (14E), (14F) FG 4(14D) FG 5(8) FG 5(9) new FG 8C(9), (10) FG 8C(8) FG 8C(1), (2), (4)–(7) FG 8D FG 2(2) FG 2(3) FG 2(4) FG
 2(4)–(6) new FH 1(1) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 FF 3 FF 4 FF 5 FF 6 FF 7 FF 8 FF 9 FF 10 FF 11 Subpart FL FL 1 FL 2 Subpart FM FM 1 FM 2 FM 3 FM 4 FM 5 FM 6 FM 7 FM 8 FM 9 FM 10 FM 11 FM 12 FM 13 FM 14 FM 15 FM 16 FM 17 FM 18 FM 19 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) new FH 1 FH 5 FH 6, FH 7 FH 8 FH 2 FH 3 FH 3(1), FH 4 FH 8(6) FCB 1 FCB 2, FCB 3 FD 1 FD 1, OB 1 “consolidation rules” HB 1(1), HB 2(1), NB 1 HB 1(3)–(5) HB 1(2) FD 2, FD 11 HB 2(1) HB 2(1)(a) HB 2(1)(e) HB 2(1)(b) HB 2(1)(c) HB 2(1)(d) HB 2(2) FD 9 FD 10(1), (2) FD 10(3) FD 10(5) FD 10(4), (4A) FD 10(4), (4B) 3515 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 FM 20 FM 21 FM 22 FM 23 FM 24 FM 25 FM 26 FM 27 FM 28 FM 29 FM 30 FM 31 FM 32 FM 33 FM 34 FM 35 FM 36 FM 37 FM 38 FM 39 FM 40 FM 41 FM 42 Subpart FN FN 1 FN 2 FN 3 FN 4 FN 5 FN 6 FN 7 3516 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FD 10(4), (4C) FD 10(6), (7) FD 10(9) FD 10(8) NH 5(3), (9) NH 5(1), (2) NH 5(4) NH 5(5), (6), (8) NH 5(7) NH 6(6) NH 4(9), NH 6(1), (2), (5), (7) FD 3(b)–(e), OB 1 “eligible company” FD 5 FD 8(9) FD 6, FD 8(5) proviso FD 3(a), FD 4(1), (2) FD 7(1), (2) FD 8(1) FD 4(3)–(8), FD 7(3)–(8) FD 8(2) FD 8(3), (4), (6), (7) FD 8(5) FD 8(8) new OB 1 “imputation rules” FDA 4 FDA 1 FDA 3(2)–(4) FDA 5, FDA 6(6) FDA 2 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 FN 8 FN 9 FN 10 FN 11 FN 12 FN 13 FN 14 Subpart FO FO 1 FO 2 FO 3 FO 4 FO 5 FO 6 FO 7 FO 8 FO 9 FO 10 FO 11 FO 12 FO 13 FO 14 FO 15 FO 16 FO 17 FO 18 FO 19 FO 20 Subpart FZ FZ 1 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FDA 3(1), (3), OB 1 “resident imputation subgroup”, “trans-Tasman imputation group” FDA 2(1)–(3), (5), FDA 4 FDA 6(1) FDA 6(2) FDA 6(3), (4), (7), (8)
 FDA 6(5) FDA 6(9) FE 1(1)(a), (b) FE 1(2) OB 1 “qualifying amalgamation” FE 1(1)(c), FE 8 FE 9 FE 2 FE 4(b) FE 3 FE 4(a) FE 6(1)–(3B), FE 6A FE 5 FE 6(5), (6), FE 7(1)(a), (2) FE 6(5), (7), FE 7(1)(b), (3) FE 6(5), (8), FE 7(1)(b), (4) FE 5 FE 6(1), (4) FE 6(3A), (3B) FE 10(1)–(5), (6)(c) FE 10(6)(a) FE 10(6)(b) FC 1 3517 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 FZ 2 FZ 3 FZ 4 FZ 5 FZ 6 PART G Subpart GA GA 1 GA 2 Subpart GB GB 1 GB 2 GB 3 GB 4 GB 5 GB 6 GB 7 GB 8 GB 9 GB 10 GB 11 GB 12 GB 13 GB 14 GB 15 GB 16 GB 17 GB 18 GB 19 GB 20 GB 21 GB 22 3518 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FC 6(2)–(8) FC 7 FC 8 FF 5 FI 9, FI 10 GB 1(1)–(2C) GC 17B GB 1(3) GC 1 GC 2 GC 4 GC 3 GC 5 GC 7 GC 8 GC 9(1), (4) GC 9(1), (4) GC 9(2) GC 9(2) GC 9(3), (4) GC 9(3), (4) GC 10 GC 10 GC 11A, GD 12 GC 11B, GD 12B GD 12A GC 12 GD 11 GC 14 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 GB 23 GB 24 GB 25 GB 26 GB 27 GB 28 GB 29 GB 30 GB 31 GB 32 GB 33 GB 34 GB 35 GB 36 GB 37 GB 38 GB 39 GB 40 GB 41 GB 42 GB 43 GB 44 GB 45 GB 46 GB 47 GB 48 GB 49 Subpart GC GC 1 GC 2 GC 3 GC 4 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) GD 3(1), (2) GD 3(4), (5) GD 5 GC 14A GC 14B, GC 14E GC 14C GC 14D GC 14F GC 16(b), GC 17 GC 15 GC 6 GC 21 GC 22(1), (2) GC 22(4), (5), (9) GC 23 GC 24 GC 25 GC 26 GC 27 GC 27A(1)–(3) GC 27A(5), (6), (10) GC 28 GC 29(1) GC 31 GC 29(2), (3) GC 30 GC 14G GD 1(1), (3), (4) GD 1(2), (3A) GD 7 GD 14 3519 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 GC 5 GC 6 GC 7 GC 8 GC 9 GC 10 GC 11 GC 12 GC 13 GC 14 Subpart GZ GZ 1 PART H Subpart HA HA 1 HA 2 HA 3 HA 4 HA 5 HA 6 HA 7 HA 8 HA 9 HA 10 HA 11 HA 12 HA 13 HA 14 HA 15 HA 16 HA 17 3520 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) GD 10 GD
 13(1), (2) GD 13(3) GD 13(4), (5) GD 13(10) GD 13(10) GD 13(11) GC 12(1), GD 13(12) GD 13(6)–(9) GD 13(13) GD 12(1) HG 1(c), (d), HG 3(1), HG 4(1), HG 14 OB 3(1) HG 14 HG 7, HG 14(d) HG 3(1), HG 4(1), HG 14(a), (b), OB 3(1)(f) HG 1(a), (b), OB 1 “foreign company”, OB 3(1)(a), (b), (g) OB 3(1)(c), (3) HG 4(1)–(3) OB 3(1)(d), (4) HG 14(a), (b) HG 7, HG 18, OB 3(3A) HG 14(d) HG 1(c) HG 9(1), HG 13(1) HG 13(1)–(4) HG 13(1)(a)(i), (1A) HG 10(a), HG 13(1)(aa) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 HA 18 HA 19 HA 20 HA 21 HA 22 HA 23 HA 24 HA 25 HA 26 HA 27 HA 28 HA 29 HA 30 HA 31 HA 32 HA 33 HA 34 HA 35 HA 36 HA 37 HA 38 HA 39 HA 40 HA 41 HA 42 HA 43 HA 44 Subpart HC HC 1 HC 2 HC 3 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HG 13(6) HG 13(5) HG 1(d), HG 9(2), HG 16 HG 11(3) HG 10(b) HG 11(3A) HG 16(1), HG 17(1)(a) HG 17 HG 16(2) HG 16(3), (4) HG 4(2)(a) HG 4(3) HG 3(2), (3), HG 4(4) HG 3(4), (5) HG 5(1) HG 5(2) HG 6(1) HG 6(2)(a), (b) HG 6(2)(c) HG 6(3) HG 14(c), HG 14A HG 15 HG 11(1), (1A) HG 11(1B), (2), (4) HG 12 OB 1 “effective interest” HG 2 GC 14, HH 1(8), (9), HH 3(6), HH 4(8), Income Tax Amendment Act (No 5) 1988, s 9 HD 1(1)(a) HH 1A 3521 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 HC 4 HC 5 HC 6 HC 7 HC 8 HC 9 HC 10 HC 11 HC 12 HC 13 HC 14 HC 15 HC 16 HC 17 HC 18 HC 19 HC 20 HC 21 HC 22 HC 23 HC 24 HC 25 HC 26 HC 27 HC 28 HC 29 HC 30 HC 31 HC 32 3522 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) OB 1 “corpus” OB 1 “beneﬁciary income”, “trustee income” OB 1 “beneﬁciary income”, OF 2(3) HH 1(7), HH 3A(1)(a), OB 1 “trustee income” HH 8 new HH 2(2), HH 4(5) proviso, OB 1 “foreign trust”, “qualifying trust” OB 1 “foreign trust” OB 1 “non-qualifying trust” HH 1(5), (6) OB 1 “distribution” HH 6(2)(c), (3), OB 1 “taxable distribution” HH 6(1), (2), (4) HH 3(1), HH 3A(1)(b) HH
 3(1) HH 3(1), (4) HH 3(5) HH 3(5A) HH 3(4) HH 3(3) DV 9(2), HH 4(1), (2) HH 4(3), (3A), (6) provisos HH 4(3B), (3BB), (3BC) HH 1(10), OB 1 “settlor” HH 1(1)–(4), (8), (10), OB 1 “settlor” HH 4(4), (5) HH 2 HH 5 HH 3(2), HK 3(1A) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 HC 33 HC 34 HC 35 HC 36 HC 37 Subpart HD HD 1 HD 2 HD 3 HD 4 HD 5 HD 6 HD 7 HD 8 HD 9 HD 10 HD 11 HD 12 HD 13 HD 14 HD 15 HD 16 HD 17 HD 18 HD 19 HD 20 HD 21 HD 22 HD 23 HD 24 HD 25 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HH 4(7) HH 3(4) HH 3A–HH 3C, HH 3E, HH 3F(2), (2A) HH 3C(1)(a)–(d), (2), (3), HH 3D, HH 3F(1), (2A)–(4) HH 3C(1)(e) HK 1(1) HK 3(2), HK 7(1) HK 1, HK 3(3), HK 7(1) HK 3(1), (1A) HK 4–HK 6, HK 7(2) HK 8 HK 2 new HK 9 HK 10 FD 6(1), FDA 5(3) HH 3(2), HH 3A(2), HH (4) HE 1 HK 12, HK 13 HK 11 FC 16 FC 17 HK 1(1), HK 16, OB 1 “absentee” HK 20 HK 16, HK 17 HK 21 HK 23 HK 22 HK 18(1) HK 19 3523 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 HD 26 HD 27 HD 28 HD 29 Subpart HE HE 1 HE 2 HE 3 HE 4 HE 5 Subpart HF HF 1 HF 2 HF 3 HF 4 HF 5 HF 6 HF 7 HF 8 HF 9 HF 10 HF 11 Subpart HL HL 1 HL 2 HL 3 HL 4 HL 5 HL 6 HL 7 HL 8 3524 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HK 24(1), (4) HK 24(2), HK 25 HK 24(3) HK 26 new HF 1(8) HF 1(9) “rebate” HF 1(4) HF 1(7) OB 1 “Maori authority”, “Maori authority rules” HI 2 HI 1 HI 4(1), (2), HI 5(4), HI 7 HI 4(3) HI 5(1) HI 5(2), (3) HI 6 HI 8 HI 9 HI 3 HL 1 HL 2 HL 3 HL 4 HL 5 HL 6 HL 7 HL 8 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 HL 9 HL 10 HL 11 HL 12 HL 13 HL 14 HL 15 HL 16 HL 17 HL 18 HL 19 HL 20 HL 21 HL 22 HL 23 HL 24 HL 25 HL 26 HL 27 HL 28 HL 29 HL 30 HL 31 HL 32 HL 33 Subpart HR HR 1 HR 2 HR 3 HR 4 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HL 9 HL 10 HL 11 HL
 11B HL 12 HL 13 HL 14 HL 15 HL 16 HL 17 HL 18 HL 19 HL 20 HL 21 HL 22 HL 23 HL 23B HL 24 HL 25 HL 26 HL 27 HL 28 HL 29 HL 30 HL 31 HD 1(1)(b), (c), (2) HE 2(1), (1A) HE 2(2), (3), OB 1 “category A income”, “category B income”, “current value”, “designated investment fund”, “group investment fund” HJ 1 3525 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 HR 5 HR 6 HR 7 HR 8 HR 8(2) Subpart HZ HZ 1 HZ 2 PART I Subpart IA IA 1 IA 2 IA 3 IA 4 IA 5 IA 6 IA 7 IA 8 IA 9 IA 10 Subpart IC IC 1 IC 2 IC 3 IC 4 IC 5 IC 6 3526 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) OC 1(2) OC 1(2)–(6) OC 1(6) FC 22–FC 24 FC 23 HZ 1 HZ 2 IE 1(1)(a) BC 4(4), DV 5(4)(b), DV 7(2), IE 1(1), (3)(a), IE 2(1), IE 3(5), IE 4(6), LB 2(3), (3A), LE 4(5), ME 9(5B) BC 4(4), HH 3(4), IE 1(1), (2), IG 10, NH 3(2), NH 4(5), (6), NH 5(6), (7) IE 1(2) IF 1(1) IG 1(1) DV 5(4)(b), DV 7(2), EY 42(10), HG 16, IE 1(2BB), (2C), IE 3(5), IE 4(6), IG 4(4), IG 5(5), IG 7(2), (3), IH 1, IH 2(1), IH 3–IH 5, II 1(1), (2) ID 1(1) IE 1(3)(b), IF 5, IG 6(5) new IG 1(1), (3), IG 2(1), 2(c), (e) IG 1(1), (3), IG 2(1), 2(c), (e) IG 1(2), (5) IG 1(3) IG 2(2) IG 1(1), (2), IG 2(2)(c), (4)(d)(ii), (5)(c)(ii) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 IC 7 IC 8 IC 9 IC 10 IC 11 IC 12 Subpart ID ID 1 ID 2 ID 3 ID 4 ID 5 Subpart IE IE 1 IE 2 IE 3(1), (2) IE 4 IE 5 Subpart IP IP 1 IP 2 IP 3 IP 4 IP 5 IP 6 IP 7 Subpart IQ IQ 1 IQ 2 IQ 3 IQ 4 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) IG 2(2)(d), (11) IG 2(2)(f), (g) IG 2(g), (3) IG 2(c), (e) IG 2(7) IG 2(6) IG 6(1A)–(3) IG 6(4), (6), (7) IG 6(6) IG 6(7) IG 6(8) IF 4–IF 6 IF 4 IF 6 IG 9 IF 4, IG 8, IG 9 IG 2(4)(e), (f), (5)(e), (f) IG 2(2)(e), (4)(c), (d), (5)(b), (c) IF 1(2), (3) IG 2(4) IG 2(2)(b)–(f), (5) IF 1(2), (3), IG 2(4)(c), (d), (5)(c), (d), (10) IG 2(4), (5) IE 3(1), IE 4(1), IF 3, IF 6,
 IG 4(1), IG 5(1), IG 7(1) IE 3(2), (3), (5) IE 4(2)–(6) IG 4 3527 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 IQ 5 IQ 6 IQ 7 IQ 8 IQ 9 Subpart IS IS 1 IS 2 IS 3 IS 4 IS 5 IS 6 Subpart IT IT 1 Subpart IV IV 1 Subpart IW IW 1 Subpart IZ IZ 1 IZ 2 IZ 3 IZ 4 IZ 5 IZ 6 IZ 7 PART L Subpart LA LA 1 LA 2 LA 3 3528 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) IG 5 IG 7(2) IG 7(4) IG 7(5) IE 3(4) IG 6(2), IH 4(2) IH 1(1), IH 5 IH 4(3) IH 4(3) proviso IH 2(1), IH 3 IH 1, IH 4(1)(e) II 1(3), (4), II 3 IF 7 IG 10 FF 18, IE 2 IH 2 IH 1(2) IF 1(5) IF 1(6) IF 2 IG 2(2)(c), (d)(ii)(B) new BC 9 BC 9 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 LA 4 LA 5 LA 6 LA 7 LA 8 LA 9 LA 10 Subpart LB LB 1 LB 2 LB 3 LB 4 LB 5 LB 6 Subpart LC LC 1 LC 2 LC 3 LC 4 LC 5 LC 6 LC 7 LC 8 LC 9 LC 10 LC 11 LC 12 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) BC 8(2), BC 9(1), BC 10, KD 4(2), LD 3(3), LD 3A(4), LE 2(6) BC 9, BC 10 LD 1, LD 3, LD 3A, LD 6, LD 7, LD 8, MD 1 BC 8(1), MD 1, KD 4(2) LD 2, MD 1 BC 9(1), LB 2(2), LE 2(4), (8) BC 9 LD 1(2), (2A), (4), (5) LD 6, LD 7 LD 3(2), NF 1(2)(b)(ix), (x), NF 8B(b) KD 1A(2), KD 2(1), KD 3(2) LD 2 LD 1B KC 1(1)(a), (b), (4) KC 1(1)(c) KC 2 KC 3(1) KC 3(3) “full time earner”, “remunerative work” KC 4(1), (1A) KC 4(2) “housekeeper” KC 4(2) “child”, “communal home”, “home”, “institution”, “qualifying payments”, “separated person” KF 3 KB 2 KC 1(2), KC 3(2) KC 1(3), KC 3(2) 3529 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart LD LD 1 LD 2 LD 3 Subpart LE LE 1 LE 2 LE 3 LE 4 LE 5 LE 6 LE 7 LE 8 LE 9 LE 10 LE 11 Subpart LF LF 1 LF 2 LF 3 LF 4 LF 5 LF 6 LF 7 LF 8 LF 9 LF 10 Subpart LJ LJ 1 LJ 2 LJ 3 3530 KC 5 KC 5(1) KC 5(1)(aa)–(cp), (4)
 LB 1(1)(j), (k), LB 2(1), (1B), (1C), (2C), GC 22(4), (5), (9), GC 23, GC 24 LB 2(2B), (3) LB 1(1)(hb), LB 2(2B), (3B), (3C) LB 1(1)(ab), LB 1A LB 1(1)(a), (2), (3), (3A) LB 1(1)(b), (4), (4A), (4B) LB 2(1C) LB 1(1)(c) LB 1(1)(e), (5) LB 1(1)(h), LB 2(5), (6) LB 1(1)(f), LB 2(4) LB 1(1)(l), LD 8(1), (1B), (1C) LB 1(1)(ab), LB 1A LB 1(1)(a), (2), (3), (3A) LB 1(1)(b), (4), (4A), (4B) LD 8(1C) LB 1(1)(d) LB 1(1)(e), (5) LB 1(1)(d), LD 9 LB 1(1)(i), LD 8(4), (5) LB 1(1)(g), LD 8(3) LC 1(1)–(5), LC 14(1), LC 14A LC 1(1), (1B), (1C), LC 2 LC 1(1) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 LJ 4 LJ 5 LJ 6 LJ 7 Subpart LK LK 1 LK 2 LK 3 LK 4 LK 5 LK 6 LK 7 LK 8 LK 9 LK 10 LK 11 LK 12 LK 13 LK 14 LK 15 Subpart LL LL 1 LL 2 LL 3 LL 4 LL 5 LL 6 LL 7 LL 8 LL 9 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) LC 14(1) LC 14 LC 1(2) LC 1(3A), (3B), LC 3 LC 4(1), (4) LC 4(1)–(3) LC 4(1) LC 4(4) LC 4(4)–(6) LC 5 LC 4(7) LC 16(1) LC 16(2), (3) LC 16(4) LC 16(5) LC 8, LC 11, LC 12 LC 8 LC 9, LC 10 LC 12 LF 1(1)(a) LF 1(1)(a), (2), LF 2(2), (3), LF 3(1), LF 6(4)–(6) LF 5(1) LF 5(2)–(5) LF 3(1)(f), (g), (h) LF 4 LF 7 LF 3(2), LF 5(2)(e) LF 1(2), LF 2(2), (3), LF 5(1)(e), (5) 3531 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart LO LO 1 LO 2 LO 3 LO 4 LO 5 Subpart LP LP 1 LP 2 LP 3 LP 4 LP 5 LP 6 LP 7 LP 8 LP 9 LP 10 Subpart LQ LQ 1 LQ 2 LQ 3 LQ 4 LQ 5 Subpart LR LR 1 Subpart LS LS 1 LS 2 LS 3 LS 4 Subpart LZ LZ 1 3532 LB 1(1)(m), LD 3A(1) LB 1(3), (3A) LB 1(1)(ea) LD 3A(6) LD 3A(5) LE 1 LE 2(1), (2), (2A), LE 3(5) LE 2(3), (4), (6), (7) LE 2(5) LE 2(9), (10) LE 2(11), (12) LE 3(1), (3), (11) LE 3(6), (8) LE 3(7), (9) LE 3(10), LE 4 KH 1(1), (2) KH 1(3) KH 2(3), (5)–(7) KH 2(1)–(2A), (4) LG 1 ME 19, ME 24, ME 28 KI 1 LD 10 LD 10B LD 11 LF 6(1), (3)
 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 LZ 2 LZ 3 LZ 4 LZ 5 LZ 6 LZ 7 LZ 8 LZ 9 LZ 10 LZ 11 LZ 12 PART M Subpart MA MA 1 MA 2 MA 3 MA 4 MA 5 MA 6 MA 7 MA 8 Subpart MB MB 1 MB 2 MB 3 MB 4 MB 5 Subpart MC MC 1 MC 2 MC 3 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) KZ 3(1), (4) KZ 3(2) KZ 3(3) KZ 3(1) KE 1(1) KE 1(1) KE 1(3) KG 1(1) KG 1(1) proviso KG 1(2) KG 1(3), (4) new new KD 8 KB 3 KD 9 new OB 1 “full time earner” new KD 1(1)(a), (b), (e)(vii), (i), (3) KD 1(4)–(6) KD 1(1)(f), (2) KD 1(1)(g) KD 1(1)(h) KD 1A new KD 2AA(4), KD 3(1), OB 1 “qualifying person” (a)(i) 3533 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 MC 4 MC 5 MC 6 MC 7 MC 8 MC 9 MC 10 MC 11 Subpart MD MD 1 MD 2 MD 3 MD 4 MD 5 MD 6 MD 7 MD 8 MD 9 MD 10 MD 11 MD 12 MD 13 MD 14 MD 15 Subpart ME ME 1 ME 2 Subpart MF MF 1 3534 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) KD 2AA(4), KD 3(1), OB 1 “qualifying person” (a)(ii) KD 3(1), OB 1 “qualifying person” (a)(iii) KD 3(1) “qualifying person” KD 3A(2)–(4) OB 1 “eligible period” KD 2AA(7)–(10), KD 3A(5)–(9) KD 2AA(2), (3), OB 1 “principal caregiver” KD 2AA(1), (11), OB 1 “speciﬁed period”, “eligible period” KD 2(1), (2) KD 2A KD 2(3), KD 2AA(3) KD 2AAA(1), (3A) KD 2AAA(1)(a) KD 2AAA(1)(b) KD 2AAA(1)(c), (3), (4) KD 2AAA(1)(e) KD 2AAA(1)(d), (5)–(8) KD 2AAA(2) KD 2AA(3), KD 2AB KD 2(5) KD 2(6), (7) KD 2(6B) KD 2(6C) KD 3(2)–(5) KD 3(1) “employment”, KD 3A(10) KD 5(1), (1A) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 MF 2 MF 3 MF 4 MF 5 MF 6 MF 7 Subpart MK MK 1 MK 2 MK 3 MK 4 MK 5 MK 6 MK 7 MK 8 Subpart MZ MZ 1 MZ 2 PART O Subpart OA OA 1 OA 2(2), (3) Corresponding provision in Income Tax Act 2004 (unless otherwise stated) KD 5(8) KD 5(6) KD 5(6A), (7) KD 4(4) KD 4(2), (2A) KD 5C KJ 1, OB 1 “member
 credit year” KJ 2 KJ 1, KJ 4, OB 1 “member credit contribution” KJ 3, OB 1 “member credit year” KJ 5(2) KJ 5(3), (4) KJ 5(1), (5) KJ 3, OB 1 “member credit year” KD 2AA(3A), KD 2AAAB KD 2(4) new ME 1(1), ME 3(1), ME 10(1), (1A)–(1C), ME 15, ME 17(1), ME 20, ME 21(1), ME 22(1), ME 25, ME 26(2), ME 40, MF 1(1), MF 3(1), MF 6, MF 7(1), MF 11(1), MF 12(1), MG 2(1), MG 3(1), MG 12, MG 13(1), MG 14(1), MG 15(1), MI 2(1), (4), MI 3(1), MI 14, MI 17(1), MI 18(1), MJ 1(1), MJ 3(1), MJ 8, MK 1(1), MK 3(1), MK 9 3535 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 OA 3 OA 4 OA 5 OA 6 OA 7 OA 8 OA 9 OA 10 OA 11 OA 12 OA 13 OA 14 OA 15 OA 16 OA 17 OA 18 Subpart OB OB 1 OB 2 OB 3 OB 4 OB 5 OB 6 3536 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 2, ME 3(1), ME 16, ME 17(1), ME 22(1), ME 26, MF 3(1), MF 8, MF 12(1), MG 1, MG 3(1), MG 14(1), MG 15(1), MI 1, MI 3(1), MI 17(1), MI 18(1), MJ 2, MJ 3(1), MK 2, MK 3(1) ME 13, ME 28(4), MF 9, MF 11(3), MG 16, MI 19 new new ME 3(2), ME 10(1A)–(1C), (2), ME 17(2), ME 22(2), ME 26(1), MF 3(2), MF 8(1), MF 12(2), MG 3(2), MG 13(3), MI 3(2), MI 15, MJ 3(2), MK 3(2) ME 5(3), ME 12(1)(h), ME 13(2), (4), MF 4(5), MF 8(4), MG 15(1), MI 5(3)–(7), MI 18(1)(e), (3), (4), MK 5(3), (4) ME 29(1)(a), MF 16(1)(a), MG 17(1)(a), MI 13 ME 29(1), MF 16(1), MG 17(1), MI 13 MG 17(1) MI 13(6) ME 29(1) ME 29(2)(a), MF 16(2)(a), MG 17(2)(a) ME 29(2)(b), MF 16(2)(b), MG 17(2)(b) MG 17(2)(b) ME 29(2) ME 8(1), MG 8(1), MG 10(1), MI 8(1), MK 7(1) ME 1 ME 1A ME 13(1) ME 4(1)(a), (1C), (2)(a) ME 4(1)(ac), (2)(ac) ME 4(1)(ad), (2)(ad) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 OB 7 OB 8 OB 9 OB 10 OB 11 OB 12 OB 13 OB 14 OB 15 OB 16 OB 17 OB 18 OB 19 OB 20 OB 21 OB 22 OB 23 OB 24 OB 25 OB 26 OB 27 OB 28 OB 29 OB 30 OB 31 OB 32 OB 33 OB 34 OB 35 OB 36 OB 37 OB 38 Corresponding provision in Income Tax Act 2004
 (unless otherwise stated) ME 4(1)(c), (2)(a) ME 4(1)(i), (2)(g) ME 4(1)(d), (2)(c) ME 4(1)(e), (2)(c) ME 4(1)(f), (2)(d) ME 4(1)(g), (2)(e) ME 4(1)(cb), (2)(bb), ME 9B(1), (2) ME 4(1)(cc), (2)(bc) ME 4(1)(cd), (2)(bd) ME 4(1)(ab), (2)(ab) ME 4(1)(j), (2)(h) ME 4(1)(da), (2)(ca) ME 4(1)(aab), (2)(aab) ME 4(1)(ea), (2)(cb) ME 4(1)(k), (2)(k) ME 4(1)(eb), (ec), (2)(cc) ME 4(1)(ed), (2)(cd) ME 29, MG 17, MI 13 ME 4(1)(h), (2)(f) ME 4(1A), (2A) ME 4(1B)(a), (2B)(a) ME 4(1B)(b), (2B)(b) ME 4(1B)(c), (2B)(c) ME 5(1)(a), (2)(a) ME 5(1)(d), (2)(d) ME 5(1)(e), (2)(e) ME 5(1)(l), (2)(k) ME 5(1)(ea), (2)(ea), (eb) ME 5(1)(eb), (2)(ea), (eb) ME 5(1)(g), (2)(g) ME 5(1)(h), (2)(e) ME 5(1)(m), (2)(k) 3537 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 OB 39 OB 40 OB 41 OB 42 OB 43 OB 44 OB 45 OB 46 OB 47 OB 48 OB 49 OB 50 OB 51 OB 52 OB 53 OB 54 OB 55 OB 56 OB 57 OB 58 OB 59 OB 60 OB 61 OB 62 OB 63 OB 64 OB 65 OB 66 OB 67 OB 68 OB 69 OB 70 3538 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 5(1)(o), (2)(l), (6), (7) ME 5(1)(ia), (2)(ha) ME 5(1)(i), (2)(h) ME 5(1)(c), (2)(c) ME 5(1)(f), (2)(f) ME 5(1)(fb), (2)(fb), ME 9B(2)(a)(i) ME 41 ME 5(1)(ja), (2)(ia) ME 5(1)(b), (2)(b), ME 7 ME 5(1)(ka), (2)(ja) ME 5(1)(ab), (2)(ab) ME 5(1)(ac), (2)(ac) ME 5(1)(ad), (2)(ac) ME 13(3) ME 29, MG 17, MI 13 ME 5(1)(j), (2)(i) ME 6(4)(a) ME 5(1)(k), (2)(j) ME 5(1A)(a), (2A) ME 5(1A)(b), (2A) ME 5(1A)(c), (2A) ME 1B, ME 6, ME 8(1), (2) ME 8(2), (3), ME 14(2) ME 6 ME 6(1B)–(1D) ME 6B ME 9(1), (1A), (2) ME 9(3) ME 9(7)–(9) ME 9(5A), (8), (9) ME 9(5), (5B), ME 13(6) ME 9(6) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 OB 71 OB 72 OB 73 OB 74 OB 75 OB 76 OB 77 OB 78 OB 79 OB 80 OB 81 OB 82 Subpart OC OC 1 OC 2 OC 3 OC 4 OC 5 OC 6 OC 7 OC 8 OC 9 OC 10 OC 11 OC 12 OC 13 OC 14 OC 15 OC 16 OC 17 OC 18 Corresponding provision in Income Tax Act 2004
 (unless otherwise stated) ME 9B ME 9C ME 30, ME 31 ME 32 ME 33 ME 34 ME 30(3), (4) ME 35, ME 36 ME 37 ME 38 ME 39 ME 35 CD 9, LD 9, ME 4(1)(e), (f), MG 2(1), (3), MG 4(1)(a), (b), MG 5(3) MG 16(1), (4) MG 2(2), (3) MG 2(4), (5) MG 2(6), (7) MG 4(1)(a), (c), (2)(a), (3), MI 10(2) MG 4(1)(b), (2)(b) MG 4(1)(bb), (2)(bb) MG 4(1)(ba), (2)(ba) MG 4(1)(bc), (2)(bc) MG 4(1)(bd), (2)(bd) MG 4(1)(d), (2)(d) MG 5(1)(a), (2)(a) MG 5(1)(d), (2)(d) MG 5(1)(k), (2)(i) MG 5(1)(e), (2)(d) MG 5(1)(ab), (2)(ab) MG 5(1)(c), (2)(c), MG 11 3539 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 OC 19 OC 20 OC 21 OC 22 OC 23 OC 24 OC 25 OC 26 OC 27 OC 28 OC 29 OC 30 OC 31 OC 32 OC 33 OC 34 OC 35 OC 36 OC 37 OC 38 OC 39 Subpart OD OD 1 OD 2 OD 3 OD 4 OD 5 OD 6 OD 7 OD 8 OD 9 3540 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) MG 5(1)(ca), (2)(ca), MI 6(1) MG 5(1)(b), (2)(b), MG 7 MG 16(3) MG 5(1)(f), (2)(e), MG 8(4) MG 5(1)(g), (2)(e), MG 8B, MG 16A(1B) MG 5(1)(i), (2)(g), (3), (4) MG 5(1)(h), (2)(f) MG 5(1)(j), (2)(h) MG 6, MG 8(1), (2) MG 8(2), (3), MG 16A(1) MG 10 MG 9(1), (2), (6) MG 9(3) MG 9(7), (8) MG 9(4), (5A) MG 9(5), MG 16(6) MG 8B(4) “DWP reference period” MG 8B(4) “maximum deﬁcit debit” MG 8B(4) “policyholder DWP ratio” MG 8B(4) “reduced deﬁcit debit” MG 8B(4) “shareholder DWP ratio” MI 2(1), (4), MI 4(1)(a), MI 5(1)(a), MI 14(1), NG 9(1)(a) MI 2(4), MI 19(1), (5) MI 2(1)–(3) MI 2(5)–(7) MI 4(1)(a), (2)(a) MI 4(1)(e), (2)(e), MI 6(1) MI 4(1)(c), (2)(c) MI 4(1)(b), (2)(b) MI 4(1)(d), (2)(d) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 OD 10 OD 11 OD 12 OD 13 OD 14 OD 15 OD 16 OD 17 OD 18 OD 19 OD 20 OD 21 OD 22 OD 23 OD 24 OD 25 Subpart OE OE 1 OE 2 OE 3 OE 4 OE 5 OE 6 OE 7 OE 8 OE 9 OE 10 OE 11 OE 12 OE 13 OE 14 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) MI 5(1)(a), (2)(a) MI 5(1)(i), (2)(h),
 MI 6(2) MI 5(1)(j), (2)(i) MI 5(1)(b), (2)(b) MI 5(1)(f), (2)(f), (5), (7) MI 5(1)(g), (2)(f), (5) MI 5(1)(e), (2)(e), (3)–(6) MG 8(4), MI 5(1)(c), (2)(c) MI 5(1)(d), (2)(d), MI 9 MI 5(1)(h), (2)(g) MG 8(1), (8), MI 7(2), MI 8(1) MG 8(2), (3), (8), MI 8, MI 22(1)–(3) MG 10, MI 7(1), MI 8(1) MI 10 MI 13(7) MI 11 MF 1(1), MF 11(1) MF 1(3), MF 4(1)(a), (3)(a), (5), MF 7(1)(a), MF 9 MF 1(1), (2) MF 1(4), (5) MF 15 MF 4(1)(a), (2)(a) MF 4(1)(c), (2)(b), MF 5(4)–(7) MF 4(1)(c), MF 5(4)–(7) MF 4(1)(d), (2)(c) MF 4(1)(e), (2)(d), (5), (6) MF 4(1)(f), (2)(e) MF 4(3)(a), (4)(a) MF 4(3)(b), (4)(b), MF 5(1)–(3) MF 4(3)(c), (4)(c) 3541 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 OE 15 OE 16 OE 17 OE 18 OE 19 OE 20 OE 21 OE 22 Subpart OF OF 1 OF 2 OF 3 OF 4 OF 5 Subpart OJ OJ 1 OJ 2 OJ 3 OJ 4 OJ 5 OJ 6 OJ 7 OJ 8 OJ 9 OJ 10 OJ 11 OJ 12 OJ 13 OJ 14 OJ 15 OJ 16 OJ 17 3542 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) MF 4(3)(d), (4)(d), (5), (6) MF 4(3)(e), (4)(e) MF 11(1), (2) MF 11(4), (5) MF 13(1), (2) MF 13(3)(a), MF 14 MF 13(3)(b) MF 13(3)(c) MJ 1(1), MJ 5(1), MJ 6(1) MJ 3(1) MJ 1(1) MJ 5 ME 4(1)(da), MJ 6 ME 15, ME 21, ME 22(1) ME 15, ME 17(1), ME 27(1), (3) ME 14(1), ME 18(1)(a), (2)(a) ME 18(1)(b), (2)(b) ME 18(1)(c), (2)(c) ME 18(1)(bb), (2)(bb) ME 18(1)(bc), (2)(bb) ME 18(3)(a), (4)(a), ME 19(1), (2) ME 18(3)(b), (4)(b), ME 19(3)–(6) ME 27(2) ME 18(3)(c), (4)(c), ME 19A ME 21(1), (2) ME 21(3), (4) ME 23(1)(a), (2)(a), (3), (6)(a) ME 23(1)(b), (2)(b) ME 23(4)(a), (5)(a), ME 24 ME 23(4)(b), (5)(b) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 OJ 18 Subpart OK Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 23(4)(c), (5)(c) OK 1 OK 2 OK 3 OK 4 OK 5 OK 6 OK 7 OK 8 OK 9 OK 10 OK 11 OK 12 OK 13 OK 14 OK 15 OK 16 OK 17 OK 18 OK 19 OK 20 OK 21 OK 22 OK 23 OK 24 Subpart OP OP 1 OP 2 OP 3 OP 4 OP 5
 MK 1, MK 3 MK 4(1)(a), (2)(a) MK 4(1)(b), (2)(a) MK 4(1)(c), (2)(a) MK 4(1)(d), (2)(b) MK 4(1)(e), (2)(c) MK 4(1)(f), (2)(c) MK 4(1)(h), (2)(e) MK 4(1)(g), (2)(d) MK 5(1)(a), (2)(a) MK 5(1)(b), (2)(b) MK 5(1)(c), (g), (2)(c) MK 5(1)(j), (2)(i) MK 5(1)(e), (2)(c) MK 5(1)(f), (2)(f) MK 5(1)(d), (2)(d), MK 7(5) MK 5(1)(h), (2)(g) MK 5(1)(i), (2)(h) MK 6, MK 7(1) MK 7(2)–(4) MK 8(1), (2), (6) MK 8(3), (4), (6) MK 8(5) MK 8(5B) ME 10, ME 25, MF 7, MG 13, MI 14 ME 13, ME 27, MF 9, MG 16, MI 19 ME 10(1A), (1B), (1D) ME 10(1C) ME 12(1) 3543 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 OP 6 OP 7 OP 8 OP 9 OP 10 OP 11 OP 12 OP 13 OP 14 OP 15 OP 16 OP 17 OP 18 OP 19 OP 20 OP 21 OP 22 OP 23 OP 24 OP 25 OP 26 OP 27 OP 28 OP 29 OP 30 OP 31 OP 32 OP 33 OP 34 OP 35 OP 36 OP 37 3544 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 14(3) ME 11(1)(a), (2)(a) ME 11(1)(aa), (2)(aa) ME 11(1)(ab), (2)(ab) ME 11(1)(b), (2)(b) ME 11(1)(c), (2)(a) ME 11(1)(d), (2)(c) ME 11(1)(e), (2)(c) ME 11(1)(f), (2)(a) ME 11(1)(eb), (ec), (2)(cb) ME 11(1)(ed), (2)(cc) ME 11(1)(j), (2)(c) ME 11(1)(fb), (2)(fb) ME 11(1)(g), (2)(d) ME 11(1)(jb), (2)(eb) ME 11(1)(k), (2)(d) ME 13(2), (3) ME 11(1A), (2A) ME 11(1)(i), (2)(e) ME 11(1B)(a), (2B)(a) ME 11(1B)(b), (2B)(b) ME 11(1B)(c), (2B)(c) ME 12(1)(a), (2)(a) ME 12(1)(c), (2)(c) ME 12(1)(d), (2)(d) ME 12(1)(l), (2)(k) ME 12(1)(da), (2)(da) ME 12(1)(db), (2)(da) ME 12(1)(f), (2)(d) ME 12(1)(f), (2)(d) ME 12(1)(m), (2)(k) ME 12(1)(k), (2)(j) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 OP 38 OP 39 OP 40 OP 41 OP 42 OP 43 OP 44 OP 45 OP 46 OP 47 OP 48 OP 49 OP 50 OP 51 OP 52 OP 53 OP 54 OP 55 OP 56 OP 57 OP 58 OP 59 OP 60 OP 61 OP 62 OP 63 OP 64 OP 65 OP 66 OP 67 OP 68 OP 69 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 12(1)(n), (2)(l), (3), (4) ME 12(1)(ab), (2)(ab) ME
 12(1)(ac), (2)(ac) ME 12(1)(ad), (2)(ac) ME 12(1)(h), (2)(g), ME 13(2) ME 12(1)(e), (2)(e) ME 12(1)(b), (2)(b), ME 14(1) ME 41 ME 12(1)(i), (2)(h) ME 12(1)(j), (2)(h) ME 12(1A)(a), (2A) ME 12(1A)(b), (2A) ME 12(1A)(c), (2A) MG 13(1) MG 2(4), (5) MG 13(6), (7) MG 16(1) MG 16A(2) MG 14(1)(a), (2)(a) MG 14(1)(c), (2)(a) MG 14(1)(b), (2)(a) MG 14(1)(e), (2)(c), MG 16(2), (4) MG 14(1)(bb), (2)(ab) MI 20(2) MG 14(1)(f), (2)(d) MG 14(1)(d), (2)(b) MG 15(1)(a), (2)(a) MG 15(1)(ab), (2)(ab) MG 15(1)(d), (2)(d) MG 15(1)(l), (2)(j) MG 15(1)(e), (2)(d) MG 15(1)(c), (2)(c) 3545 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 OP 70 OP 71 OP 72 OP 73 OP 74 OP 75 OP 76 OP 77 OP 78 OP 79 OP 80 OP 81 OP 82 OP 83 OP 84 OP 85 OP 86 OP 87 OP 88 OP 89 OP 90 OP 91 OP 92 OP 93 OP 94 OP 95 OP 96 OP 97 OP 98 OP 99 OP 100 OP 101 3546 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) MI 20(1) MG 15(1)(k), (2)(i), MG 16(5) MG 15(1)(f), (2)(e) MG 15(1)(i), (2)(g) MG 15(1)(b), (2)(b) MG 15(1)(g), (2)(e) MG 15(1)(h), (2)(f) MG 15(1)(j), (2)(h) MI 14, MI 16 MI 19(1), (2) MI 22(1) MI 17(1)(a), (2)(a) MI 17(1)(b), (2)(b) MI 17(1)(c), (2)(c) MI 17(1)(e), (2)(e), MI 19(3), (4) MI 17(1)(f), (2)(f), MI 20(1) MI 17(1)(d), (2)(d) MI 18(1)(a), (2)(a) MI 18(1)(g), (2)(g), MI 20(2) MI 18(1)(b), (2)(b) MI 19(5) MI 18(1)(e), (2)(e), (3), (4) MI 18(1)(c), (2)(c) MI 18(1)(d), (2)(d) MI 18(1)(f), (2)(f) MI 21 MI 22(4) MF 7(1), (2) MF 7(3), (4) MF 9 MF 8(2)(a), (3)(a) MF 8(2)(c), (3)(b), MF 10(4)–(6) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 OP 102 OP 103 OP 104 OP 105 OP 106 OP 107 OP 108 OP 109 OP 110 OP 111 OP 112 OP 113 OP 114 OP 115 OP 116 Subpart OZ OZ 1 OZ 2 OZ 3 OZ 4 OZ 5 OZ 6 PART R Subpart RA RA 1 RA 2 RA 3 RA 4 RA 5 RA 6 RA 7 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) MF 8(2)(c), (3)(b), MF 10(4), (5), (6) MF 8(2)(d), (3)(c) MF
 8(2)(e), (3)(d) MF 8(4)(a), (5)(a) MF 8(4)(b), (5)(b), MF 10(1) MF 8(4)(c), (5)(c) MF 8(4)(d), (5)(d) ME 25 ME 26(2)(a), (3)(a) ME 26(2)(b), (3)(b) ME 26(2)(c), (3)(c), ME 27(1), (3) ME 26(2)(d), (3)(d) ME 26(2)(e), (3)(d) ME 26(4)(a), (5)(a), ME 28(1), (2) ME 26(4)(b), (5)(b), ME 28(3), (4) ME 4(1)(a)(viii) ME 5(1)(e)(i) ME 5(1)(n) ME 5(4), MG 5(4) MJ 1(2), MJ 4 MJ 7 new MB 12, NC 2(1), ND 1W(2), NE 7(2), NF 13, NG 17(2), NH 3(7) BC 9, MC 1 BB 2(3), MB 4 BE 1(1), (4), (5), NC 15, ND 1, NE 3 NF 4, NG 11, NH 3 MH 1 3547 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 RA 8 RA 9 RA 10 RA 11 RA 12 RA 13 RA 14 RA 15 RA 16 RA 17 RA 18 RA 19 RA 20 RA 21 RA 22 RA 23 Subpart RB RB 1 RB 2 RB 3 RB 4 Subpart RC RC 1 RC 2 RC 3 RC 4 RC 5 RC 6 RC 7 3548 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) NC 16, NE 2A(1), (2), NF 3, NG 12 NC 19, NE 6, NF 12, NG 15 NC 5(2), NC 16, NC 20(1), ND 1, ND 1W(2), NE 5, NF 3, NF 4, NF 13, NG 12, NG 13 NF 6(1), NG 16A(1) NF 6(2)–(4), NF 7(1), (2), NG 16A(2), (3) MC 1 MB 8(1), (2) NC 15, ND 9(2), (3), ND 10, ND 13, ND 14, NE 4, NF 4, NG 11, NH 3 NF 4(5), NG 11(4) NF 4(6) NF 4(6B), NG 11(4B) NBA 7, ND 10(4)(a), NF 7, NG 16, NH 4 NC 15(7), ND 13(8), ND 14(8), NH 4(8) NC 21, ND 1F NC 20 NE 7, NG 17(1) MC 1 BC 1 BC 7, NG 3 MD 1(3), (3A) MB 1 OB 1 “provisional tax rules” MB 2, OB 1 “provisional tax rules” MB 3 MB 4 MB 5 MB 6 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 RC 8 RC 9 RC 10 RC 11 RC 12 RC 13 RC 14 RC 15 RC 16 RC 17 RC 18 RC 19 RC 20 RC 21 RC 22 RC 23 RC 24 RC 25 RC 26 RC 27 RC 28 RC 29 RC 30 RC 31 RC 32 RC 33 RC 34 RC 35 RC 36 RC 37 RC 38 RC 39 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) MB 7 MB 8 MB 9 MB 10 MB 12 MB 13 MB 14 MB 16 MB 15(1)–(4), (11) MB 15(5)–(10) MB 17 MB 18 MB 19 MB 20 MB 21 MB 22 MB 23 MB 24 MB 25 MB 27 MB 29 MB 30 MB 31 MB 32 MB 33 MB 34
 MB 35 MB 37 MB 38 MBB 2(1)(a), (d) MBB 2(1)(b), (c), (2)–(4) MBB 3 3549 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 RC 40 Subpart RD RD 1 RD 2 RD 3 RD 4 RD 5 RD 6 RD 7 RD 8 RD 9 RD 10 RD 11 RD 12 RD 13 RD 14 RD 15 RD 16 RD 17 RD 18 RD 19 RD 20 RD 21 RD 22 RD 23 RD 24 RD 25 3550 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) MBB 4 new NC 15(4), OB 1 “PAYE rules” NC 1(2), OB 2 NC 15(1), NC 16 OB 1 “salary or wages” NC 4 OB 1 “extra pay” NC 21(f)–(h), Income Tax (Withholding Payments) Regulations 1979, regulations 2, 4, 6–8 NC 6(1A), (3) NC 6, NC 8(1A), Income Tax (Withholding Payments) Regulations 1979, regulation 3 NC 6(1C), (1D), NC 13 NC 10 NC 11 NC 12 NC 2(2)–(4) NC 2(1) NC 2(5) NC 7(2) Income Tax (Withholding Payments) Regulations 1979, regulations 10, 11 Income Tax (Withholding Payments) Regulations 1979, regulation 12 NC 5 NC 15(1), (5), (6) NC 18 NC 18(1), Income Tax (Withholding Payments) Regulations 1979, regulation 5(3) OB 1 “FBT rules” Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 RD 26 RD 27 RD 28 RD 29 RD 30 RD 31 RD 32 RD 33 RD 34 RD 35 RD 36 RD 37 RD 38 RD 39 RD 40 RD 41 RD 42 RD 43 RD 44 RD 45 RD 46 RD 47 RD 48 RD 49 RD 50 RD 51 RD 52 RD 53 RD 54 RD 55 RD 56 RD 57 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ND 1(1)–(3) ND 1A(1), ND 1L ND 1A(1)–(1D) ND 1A(2)–(6) ND 1AB ND 1B(1)–(6) ND 1B(7) ND 1C ND 1D, ND 1G ND 1DB ND 1E ND 1H ND 1I ND 1IB, ND 8B ND 1J ND 1K ND 1N ND 1O ND 1P(2) ND 1Q ND 1R ND 3(1), (1A) ND 3(2) ND 3(4)–(7), ND 4, ND 16 ND 5(3)–(6) ND 5(1), (2), ND 7, ND 7A ND 5A ND 6 GC 15(3), (4), ND 1S ND 1T ND 1U ND 1V 3551 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 RD 58 RD 59 RD 60 RD 61 RD 62 RD 63 RD 64 RD 65 RD 66 RD 67 RD 68 RD 69 RD 70 RD 71 RD 72 Subpart RE RE 1 RE 2 RE 3 RE 4 RE 5 RE 6
 RE 7 RE 8 RE 9 RE 10 RE 11 RE 12 RE 13 RE 14 3552 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ND 1(2)(b), (4), ND 2(2) ND 1(2)(a), ND 10(1), ND 2(1)–(4) ND 1(2)(c), (5), ND 14, ND 15(7), (8) ND 1(2)(c), (4), (5), ND 13 ND 2(4), ND 14(2B), ND 15 ND 8 NE 1, OB 1 “SSCWT rules” NE 2(2), NE 3, NE 3B, NE 6, OB 1 “employer’s superannuation contribution”, “speciﬁed superannuation contribution” OB 1 “complying fund rules” NE 2 NE 2A(1), (2) NE 2B NE 5 NE 6 NEA 1 OB 1 “RWT rules” NF 1(2), (4), (5) NF 2(1A), (1AB) NF 2(3), (4) NF 2(7) NF 2(8) NF 3(1), (2) NF 3(1) NF 3(3)–(5) NF 2(5) NF 2B NF 2(1)(a) NF 2(1)(b) NF 2(1)(c), (2) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 RE 15 RE 16 RE 17 RE 18 RE 19 RE 20 RE 21 RE 22 RE 23 RE 24 RE 25 RE 26 RE 27 RE 28 RE 29 RE 30 Subpart RF RF 1 RF 2 RF 3 RF 4 RF 5 RF 6 RF 7 RF 8 RF 9 RF 10 RF 11 RF 12 RF 12B RF 12C Corresponding provision in Income Tax Act 2004 (unless otherwise stated) NF 2(1)(d) NF 2(1)(e), (f) NF 2(1)(g) NF 2(1B) NF 2A(1), (3), NF 2D(1), (3) NF 4(1), (2) NF 4(1)–(5), (7), (8) NF 5 NF 8(1) NF 8A(1) NF 8B NF 4(9) NF 9(1), NF 11(1), (2) NF 4(6) NF 2(7) NF 10 OB 1 “NRWT rules” NG 1(2)–(4), NG 3, NG 4 NG 8(1) NG 8(2), (3) NF 2(6) NG 13 NG 2(1)(c) NG 2(1)(a) NG 2(3), (4), OB 1 “fully conduit tax relief credited” NG 2(1)(b)(ii), NG 9 NG 14 NG 2(1)(b)(i), (ib), (iii) NG 2(1)(ab) NG 2(1)(b)(iii) 3553 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 RF 13 RF 14 RF 15 Subpart RG RG 1 RG 2 RG 3 RG 4 RG 5 RG 6 RG 7 Subpart RM RM 1 RM 2 RM 3 RM 4 RM 5 RM 6 RM 7 RM 8 RM 9 RM 10 RM 11 RM 12 RM 13 RM 14 RM 15 RM 16 RM 17 RM 18 RM 19 3554 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) NG 11(1)–(3) NG 2(2) NG 10 OB 1 “dividend withholding payment rules” NH 1(2) NH 1(1), NH 3(1) NH 2(1) NH 2(2), (3) NH 3(2)–(4) NH 7 new MD 1(1) NH 4(1) MD 1(2) MD 1(1A) MD
 1(2B), NH 3(7) NBA 7 MD 1(4)(b), (c), NF 7(1), (2), (5), NG 16(1), (1A) ND 10(4)(a) MD 1(3), (3A), MD 1(4) MB 11 MB 36 MD 2(1), (1A) MD 2(2) MD 2(3), (4) MD 2(5), (5A) MD 2(6) NH 4(2), (3) NH 4(4)(a) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 RM 20 RM 21 RM 22 RM 23 RM 24 RM 25 RM 26 RM 27 RM 28 RM 29 RM 30 RM 31 RM 32 RM 33 Subpart RP RP 1 RP 2 RP 3 RP 4 RP 5 RP 6 RP 7 RP 8 RP 9 RP 10 RP 11 RP 12 RP 13 RP 14 RP 15 RP 16 RP 17 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) NH 4(4)(b) NH 4(5), (6) MD 2B(1), (1B) MD 2B(2) MD 2B(3) MD 2B(4), (4B) MD 2B(5) MD 2B(6) MD 3(1) MD 3(2) MD 3(3) MD 3(4) MD 2(7) MD 2A MBA 1 NBA 1, NBA 8, NBB 7(3) NBB 3 NBB 1, NBB 6 NBB 5(4), (5) NBA 6 NBA 4(2), (3) NBA 4(1B) NBA 4(1)(a) NBA 4(1)(b)(i), (ii) NBA 4(1)(b)(iii) NBA 4(4) NBA 5(1), (2) NBA 5(1) NBA 5(1B) NBA 5 MBA 2 3555 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Corresponding provision in Income Tax Act 2004 (unless otherwise stated) MBA 3, MBA 4(3), MBA 5(1)–(4) MBA 6(1)–(3) MBA 6(4)–(9) MBA 7 MZ 8 MZ 9 MZ 10 MZ 11 MZ 12 MD 2(5)(a)(ii), MD 3(4)(a) IZ 3 IZ 1, IZ 2, IZ 4 IZ 6 IZ 5 HF 1(9) “association” OC 1(2)(c), OC 3(b) OB 3A OC 1(2)(a), OC 3(a) ND 1P(1) MI 16 EX 24 ND 1M HF 1(9) “member” HH 3F(2) II 2 ND 1P(1) Provision in Income Tax Act 2007 RP 18 RP 19 RP 20 RP 21 Subpart RZ RZ 1 RZ 2 RZ 3 RZ 4 RZ 5 RZ 6 RZ 7 RZ 8 RZ 9 RZ 10 PART Y Subpart YA YA 1 “association” YA 1 “business” (b) YA 1 “charitable purpose” YA 1 “company” (d), (e) YA 1 “cost” YA 1 “CTR company” YA 1 “grey list company” YA 1 “identical goods” YA 1 “member” YA 1 “minor” YA 1 “policyholder loss” YA 1 “price” 3556 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 YA 2 YA 3 Subpart YB YB 1 YB 2 YB 3 YB 4 YB 5 YB 6 YB 7 YB 8 YB 9 YB 10 YB 11 YB 12 YB 13 YB 14 YB 15 YB 16 YB 17 YB 18 YB 19 YB 20 YB 21 Subpart YC YC 1 Corresponding
 provision in Income Tax Act 2004 (unless otherwise stated) HG 12(2), IZ 7, MB 12, ME 9(6), MI 10(5), MI 21(5), MK 8(6), NC 20(1), ND 1W(2), NE 7(2), NF 13, NG 17(2), NH 3(7), OB 6 OB 6(2), (3) new OD 7(1)(a), (2), (3), OD 8(1)(a), (2), (3)(a)(i), (3A), (4)(a)(i), (6) OD 8(3)(a)(ii), (3A) OD 8(3)(c), (3A) OD 7(1)(b), (2), OD 8(4)(b)(i) OD 8(4)(b) OD 8(3)(b) OD 8(1)(b), (2)(b), (c) OB 1 “relative”, OD 7(1)(c), OD 8(1)(c), (3)(d), (4)(c) OB 1 “relative”, OD 7(1)(c), OD 8(1)(c), (3)(d), (4)(c) OB 1 “relative”, OD 7(1)(c), OD 8(1)(c), (3)(d), (4)(c) OB 1 “relative”, OD 7(1)(c), OD 8(1)(c), (3)(d), (4)(c) OD 8(1)(g), (3)(g) OD 8(1)(f), (3)(h) OD 8(3)(i) OD 7(1)(d)(i), OD 8(1)(d), (3)(e), (4)(d) OD 7(1)(d)(ii), OD 8(1)(e), (3)(f), (4)(e) OD 8(3)(j) OD 8(1)(h) OD 8(1), (3), (4) HH 1(1), OD 9 OD 1 3557 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 YC 2 YC 3 YC 4 YC 5 YC 6 YC 7 YC 8 YC 9 YC 10 YC 11 YC 12 YC 13 YC 14 YC 15 YC 16 YC 17 YC 18 YC 19 YC 20 Subpart YD YD 1 YD 2 YD 3 YD 4 YD 5 YD 6 YD 7 YD 8 YD 9 YD 10 YD 11 3558 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) OD 3(1), (2) OD 4(1), (2) OD 3(3)(d), OD 4(3)(d), (4) OD 3(3)(a), OD 4(3)(a) OD 3(3)(c), OD 4(3)(c) OD 5(1) OD 5(2) OD 5(3), (4) OD 5(5) OD 5(6) OD 5(5A)–(5C) OD 5(6A)–(6F) OD 5(7) OD 5(8) OD 5(9) OD 5A OD 5AA OD 5B OD 6 OE 1 GC 9(6), OE 2(1), (1B) OE 2(2)–(6) FB 2(2) FB 2(1A) FC 18, FC 19 FC 21 FC 13, FC 14(1) OE 8 OE 7(1), (2) OE 7(3)–(5) Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart YE YE 1 Subpart YF YF 1 Subpart YZ YZ 1 PART Z ZA 1 ZA 2 ZA 3 ZA 4 ZA 5 ZA 6 Schedules Schedule 1 Schedule 2 Schedule 3 Schedule 4 Schedule 5 Schedule 10 Schedule 11 Schedule 12 Schedule 13 Schedule 14 Schedule 17 Schedule 18 Schedule 19 Schedule 20 Schedule 24 Schedule 25 Schedule 26 OF 1 new
 OE 4(1A) YA 1 YA 2 YA 3 YA 4 YA 5 YA 6 schedule 1, schedule 14, schedule 2 part B schedule 19 schedule 13 Income Tax (Withholding Payments) Regulations 1979, schedule GC 16, schedule 2 part A schedule 10 schedule 11B schedule 11 schedule 16 schedule 17 schedule 8 schedule 9 schedule 6B schedule 7 schedule 3 schedule 4 schedule 5 3559 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part B—continued Provision in Income Tax Act 2007 Schedule 27 Schedule 31 Schedule 32 Schedule 36 Schedule 37 Schedule 48 Schedule 49 Schedule 50 Schedule 51 Schedule 52 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) schedule 6 schedule 12 KC 5(1)(ae)–(cp) schedule 18 schedule 15 schedule 20 schedule 21 schedule 22 schedule 22A schedule 23 Schedule 52 part B: amended, on 1 April 2008, by section 593(14) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 52 part B: amended, on 1 April 2008, by section 593(15) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part B: amended, on 1 April 2008, by section 593(16) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part B: amended, on 1 April 2008, by section 593(17) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 52 part B: amended, on 1 April 2008, by section 593(18) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part B: amended, on 1 April 2008, by section 593(19) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part B: amended, on 1 April 2008, by section 593(20) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 52 part B: amended, on 1 April 2008, by section 593(21)(a) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part B: amended, on 1 April 2008, by section 593(21)(b) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part B: amended, on 1 April 2008, by section 593(22) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 52 part B: amended, on 1 April 2008, by section 593(23) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part B: amended, on 1 April 2008, by section 593(24) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 part B: amended, on 1 April 2008, by section 593(25) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 52 part B: amended, on 1 April 2008, by section 593(26) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
3560 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 Part C New TAA provisions New section in TAA 1994 TAA 15C TAA 15D TAA 15E TAA 15F TAA 15G TAA 15H TAA 15I TAA 15J TAA 15K TAA 15L TAA 15M TAA 15N TAA 15O TAA 15P TAA 15Q TAA 15R TAA 15S TAA 15T TAA 24B TAA 24C TAA 24D TAA 24E TAA 24F TAA 24G TAA 24H TAA 24I TAA 24J TAA 24K TAA 24L TAA 24M From section in ITA 2004 (unless otherwise stated) NBA 1, NBB 3 NBA 2(1)(a)–(c), (2), (3) NBA 2(4) NBA 2(1)(c) NBB 2 NBB 4(1) NBB 4(2)–(5) NBA 3, NBA 8, NBB 7(1), (2) NBA 5(3) NBA 5(4) NBB 3(2), NBB 5(1), (3) MBA 3(1) MBA 4(5), (6) MBA 4(1), (2), (4) MBA 3(1)(d) MBA 3 MBA 8 NF 2AA NC 8(1), (1AA) NC 8(1) proviso NC 8(9A) NC 8(12) NC 14 NC 12A NC 8(7), NC 9 NC 8(2)–(4), (11), NC 8A NC 15(1), (2), (2B) NF 8(2)–(4), NF 8A(2)–(3) NC 7(1) Income Tax (Withholding Payments) Regulations 1979, reg 5 3561 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part C—continued From section in ITA 2004 (unless otherwise stated) Income Tax (Withholding Payments) Regulations 1979, reg 6A Income Tax (Withholding Payments) Regulations 1979, reg 12A NC 7(3), NC 8(10), NC 15(3) NF 9(1)–(3) NF 9(8), (10) NF 9(6), (7), (9)–(11) NF 9(4), (5) NF 9(12)–(14) NF 10(1)(a), (d), (3) NF 11(1) NF 11(2)–(9) NG 5 NG 6 NG 7 NH 2(4), NH 3(6) ND 2(3), ND 9, ND 10(2)–(5), ND 11, ND 12 ND 13(5), (6), ND 14(5), (6) ND 15(7), (8) ND 1(6) NH 4(5)(b), (c) LC 13(1) LC 13(2) LB 2(4), LD 3(4), LD 3A(5), LD 8(3), LD 9(4) LF 6(4) LF 6(6) KD 5(1B)–(1C) KD 5(2)–(2AB) KD 5(3), (3A) KD 5(4), (5)(a) New section in TAA 1994 TAA 24N TAA 24O TAA 24P TAA 32E TAA 32F TAA 32G TAA 32H TAA 32I TAA 32J TAA 32K TAA 32L TAA 32M(1) TAA 32M(2) TAA 32M(3)–(5) TAA 32N TAA 46B TAA 46C TAA 46D TAA 46E TAA 71B TAA 78B TAA 78C TAA 78D TAA 78E TAA 78F TAA 80KA TAA 80KB TAA 80KC TAA 80KD 3562 Reprinted as at 13 June 2013 Income Tax Act 2007 Schedule 52 New section in TAA 1994 TAA 80KE TAA 80KF TAA 80KG TAA 80KH TAA 80KI TAA 80KJ TAA 80KK TAA 80KL TAA 80KM TAA 80KN TAA 80KO TAA 80KP TAA 80KQ TAA 80KR TAA 80KS TAA 80KT TAA 80KU
 TAA 80KV TAA 80KW TAA 90AF TAA 90AG TAA 92AB TAA 93B TAA 93C TAA 104B TAA 120OE(1)–(3) TAA 120OE(4)–(5) TAA 165B TAA 166B Part C—continued From section in ITA 2004 (unless otherwise stated) KD 5(11) KD 5(2A), (5)(b), (7) KD 5(9) KD 5(10), (12) KD 7(1) KD 7(3) KD 7(2B), (2C) KD 7(4) KD 7(2), (2A) KD 6(1) KD 6(1A) KD 6(1B) KD 6(1C) KD 6(1D) KD 6(2), (3) KD 6(4) KD 7(3A), (3B), (3C) KD 4(5) KD 7A GC 22(3), (7), (8) GC 27A(4), (7)–(9) HG 8 HH 7 LC 4(1C) ME 20, ME 40, MF 6, MG 12, MI 12, MJ 8, MK 9 MBA 5(5), (6) MBA 9 NG 16(5) HK 18 3563 Schedule 52 Income Tax Act 2007 Reprinted as at 13 June 2013 Part C—continued New section in TAA 1994 TAA 225AA TAA 225B From section in ITA 2004 (unless otherwise stated) OC 4 LC 1A(1), (2) 3564 Reprinted as at 13 June 2013 Income Tax Act 2007 Taxation (Limited Partnerships) Act 2008 Public Act Date of assent Commencement 2008 No 2 13 March 2008 see section 2 1 2 4 (1) (2) 5 (1) (2) 6 (1) (2) Title This Act is the Taxation (Limited Partnerships) Act 2008.
Commencement This Act comes into force on 1 April 2008.

Part 1 Amendments to Income Tax Act 2007 New section CB 27B Amendment incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

New heading and section CB 35 added Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

Meaning of asset for sections CU 3 to CU 10 Amendment incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.
3565 7 (1) (2) 8 (1) (2) 9 (1) (2) 10 (1) (2) 11 (1) (2) Income Tax Act 2007 Reprinted as at 13 June 2013 Amount treated as repayment for purposes of section CU 17: net income Amendment incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

New heading and section CW 55B added Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

New heading and section CX 62 added Amendments incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.
New heading and section DV 20 added Amendments incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

New section DO 11B inserted Amendment incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

12 Meaning of asset for sections DU 1 to DU 7 Amendment incorporated in the principal Act.
(1) 3566 Reprinted as at 13 June 2013 Income Tax Act 2007 (2) 13 (1) (2) 14 (1) (2) 15 (1) (2) 16 (1) (2) 17 (1) (2) For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

Financial arrangements, income, and expenditure relevant to criteria Amendment incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

Section EX 13 repealed Amendment incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.
Cash basis holder Amendment incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

Attribution rule: calculation Amendment incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

New heading and section GB 50 added Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, 3567 Income Tax Act 2007 Reprinted as at 13 June 2013 subsection (1) applies for income years starting on and after 1 April 2008.

Section HD 20 replaced Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

New subpart HG Amendments incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.
Section HR 1 repealed Amendment incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

New sections HZ 3 and HZ 4 Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

18 (1) (2) 19 (1) (2) 20 (1) (2) 21 (1) (2) 22 When unincorporated bodies hold certiﬁcates (1) (2) Amendment incorporated in the principal Act.
For a person who is not a limited partner in a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

3568 Reprinted as at 13 June 2013 Income Tax Act 2007 Deﬁnitions 23 This section amends section YA 1.

(1) Amendment incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Amendment incorporated in the principal Act.


(5) Amendment incorporated in the principal Act.

(6) Amendment incorporated in the principal Act.

(7) Amendments incorporated in the principal Act.

(8) (9) Amendment incorporated in the principal Act.

(10) Amendment incorporated in the principal Act.

(11) Amendments incorporated in the principal Act.

(12) Amendment incorporated in the principal Act.

(13) Amendments incorporated in the principal Act.

(14) Amendment incorporated in the principal Act.


(15) For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsections (2) to (14) apply for income years starting on and after 1 April 2008.

24 (1) (2) (3) 25 (1) (2) (3) Partnerships: partnership and partner Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsections (1) and (2) apply for income years starting on and after 1 April 2008.

Partnerships: partnership and associate of partner Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsections (1) and (2) apply for income years starting on and after 1 April 2008.

3569 Income Tax Act 2007 Reprinted as at 13 June 2013 26 (1) (2) (3) Classes of income treated as having New Zealand source Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsections (1) and (2) apply for income years starting on and after 1 April 2008.
3570 Reprinted as at 13 June 2013 Income Tax Act 2007 Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008 Public Act Date of assent Commencement 2008 No 36 29 May 2008 see section 2 1 2 (1) (2) (3) (4) Title This Act is the Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008.

Commencement This Act comes into force on the date on which it receives the Royal assent, except as provided in this section.
In Part 1, other than sections 3, 4, 9 and 11,— (a) the subsections (1) of the sections are treated as coming into force on 1 April 2008: the subsections (2) of the sections come into force on 1 April 2009: the subsections (3) of the sections come into force on 1 April 2010: the subsections (4) of the sections come into force on 1 April 2011.
(b) (c) (d) subsection (1) comes into force on 1 July 2008: subsection (2) comes into force on 1 April 2009: subsection (3) comes into force on 1 April 2010: subsection (4) comes into force on 1 April 2011.

In Part 1, 11,— (a) (b) (c) (d) In Part 2, other than sections 12 and 17,— (a) the subsections (1) of the sections come into force on 1 October 2008: the subsections (2) of the sections come into force on 1 April 2010: the subsections (3) of the sections come into force on 1 April 2011.
(b) (c) (5) In Part 3,–– 3571 Income Tax Act 2007 Reprinted as at 13 June 2013 (a) (b) (c) (d) (e) Sections 59 and 60 are treated as coming into force on 19 December 2007: Sections 24, 25, 26(1), 27, 28, 29, 30, 32, 33, 34, 35, 36, 37, 38, 43, 44, 45, 46, 48(2) and (3)(a), 49, 50, 56, and 58are treated as coming into force on 1 April 2008: Sections 20, 21, 22, 23, 31, 48(4) and (5), 55, and 57 come into force on 1 July 2008: Sections 39, 40, 41, 42, 47, 51, and 52 come into force on 1 October 2008: Section 26(2) comes into force on 1 April 2009.
Part 1 Personal tax cuts and Working for Families tax credit increase: 2008–09 start Application In this Part, other than sections 4 and 9,— (a) the subsections (1) of the sections apply for the 2008–09 income year and later income years: the subsections (2) of the sections apply for the 2009–10 income year and later income years: the subsections (3) of the sections apply for the 2010–11 income year and later income years: the subsections (4) of the sections apply for the 2011–12 income year and later income years.
(b) (c) (d) Part 3 Annual rates, consequential personal tax cuts amendments, and remedial matters Amendments to Income Tax Act 2007 Heading and section LC 1 repealed Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.

Section LC 2 repealed Amendment incorporated in the principal Act.
3 24 (1) (2) 25 (1) 3572 Reprinted as at 13 June 2013 Income Tax Act 2007 (2) 26 (1) (2) (3) (4) 27 (1) (2) 28 (1) (2) 29 (1) (2) 30 (1) (2) (3) 32 (1) (2) Subsection (1) applies for the 2008–09 income year and later income years.

Child’s income Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.

Subsection (2) applies for the 2009–10 income year and later income years.
Tax credits for absentees Amendment incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.

Adjustment for change in return date Amendment incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.

Adjustment when person is non-resident for part of tax year Amendment incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.
Adjustment when person is non-resident Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 income year and later income years.

Tax credits for supplementary dividends Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.
3573 Income Tax Act 2007 Reprinted as at 13 June 2013 33 (1) (2) New sections MF 4B and MF 4C Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year.

34 Meaning of net family scheme income (1) (2) Amendment incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.

Calculation of maximum permitted ratios Amendment incorporated in the principal Act.
Subsection (1) applies for the 2008–09 income year and later income years.

Tax credits for non-resident investors Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 income year and later income years.

Payment dates for terminal tax Amendment incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.
Calculation of all-inclusive pay Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 income year and later income years.

Resident passive income Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 income year and later income years.
36 (1) (2) 37 (1) (2) (3) 38 (1) (2) 43 (1) (2) (3) 44 (1) (2) (3) 3574 Reprinted as at 13 June 2013 Income Tax Act 2007 47 (1) (2) 48 (1) (2) (3) (4) (5) (6) 49 (1) (2) New sections RZ 5B and RZ 5C Amendments incorporated in the principal Act.

Subsection (1) applies for provisional tax instalments payable on or after 1 October 2008.

Deﬁnitions This section amends section YA 1.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsections (2) and (3)(a) apply for the 2008–09 income year and later income years.

Treatment of qualifying company election tax, FBT, FDP penalty tax, imputation penalty tax, and withdrawal tax Amendment incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.
3575 Income Tax Act 2007 Reprinted as at 13 June 2013 Income Tax (Minimum Family Tax Credit) Order 2008 (SR 2008/384) Anand Satyanand, Governor-General Order in Council At Wellington this 6th day of October 2008 Present: His Excellency the Governor-General in Council Pursuant to section MF 7(1)(d) of the Income Tax Act 2007, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following order.
Order Title This order is the Income Tax (Minimum Family Tax Credit) Order 2008.

Commencement This order comes into force on 1 April 2009.

Increase of prescribed amount in formula for minimum family tax credit Amendment incorporated in the principal Act.

Subclause (1) applies in respect of the 2009–10 tax year and later tax years.

Rebecca Kitteridge, Clerk of the Executive Council.

1 2 3 (1) (2) 3576 Reprinted as at 13 June 2013 Income Tax Act 2007 Date of notiﬁcation in Gazette: 9 October 2008.
3577 Income Tax Act 2007 Reprinted as at 13 June 2013 Taxation (Urgent Measures and Annual Rates) Act 2008 Public Act Date of assent Commencement 2008 No 105 15 December 2008 see section 2 Title This Act is the Taxation (Urgent Measures and Annual Rates) Act 2008.

Commencement This Act comes into force on the date on which it receives the Royal assent, except as provided in this section.
In Part 1, other than sections 3, 4, and 15,— (a) the subsections (1) of the sections come into force on 1 April 2009: the subsections (2) of the sections come into force on 1 April 2010: the subsections (3) of the sections come into force on 1 April 2011.
(b) (c) In Part 2,–– (a) sections 24, 27, and 28 are treated as coming into force on 19 December 2007: section 19(1)(a) and (b) is treated as coming into force on 1 April 2008: sections 19(1)(c), 21, 25, and 26 come into force on 1 April 2009: sections 19(1)(d), 20(2) to (7), and 22 come into force on 1 October 2009.
(b) (c) (d) In Part 3,–– (a) sections 33(1) and 40 are treated as coming into force on 1 April 2008: section 41 is treated as coming into force on 29 May 2008: sections 34 and 35 are treated as coming into force on 1 October 2008: 1 2 (1) (2) (3) (4) (b) (c) 3578 Reprinted as at 13 June 2013 (d) Income Tax Act 2007 sections 29, 31, 33(2), 36(2), 37, and 39 come into force on 1 April 2009: section 32 comes into force on 1 April 2010.
(e) In Part 4, sections 43, 44, 45, 46, 48, 50, 52, 53, 54, 55, 56(2) and (3), 57, and 58 come into force on 1 April 2009.

Part 2 Research and development tax credits repeal Amendments to Income Tax Act 2007 Subpart LH—Tax credits for expenditure on research and development Amendments incorporated in the principal Act.

Subsection (1)(a) and (b) applies for the 2008–09 income year and later income years.

Subsection (1)(c) applies for the 2009–10 income year and later income years.
Some deﬁnitions Amendment incorporated in the principal Act.

Subsection (1) applies for the 2009–10 income year and later income years.
(5) 19 (1) (2) (3) 21 (1) (2) Part 3 Annual rates, independent earner tax credit, and consequential personal tax cuts amendments Annual rates of income tax for 2009–10 tax year 29 (1) (2) Rates of income tax for 2009–10 tax year Income tax imposed by section BB 1 of the Income Tax Act 2007 must, for the 2009–10 tax year, be paid at the basic rates speciﬁed in schedule 1 of that Act.

Section 61 of the Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008 is repealed.
3579 Income Tax Act 2007 Reprinted as at 13 June 2013 Taxation (Business Tax Measures) Act 2009 Public Act Date of assent Commencement 2009 No 5 30 March 2009 see section 2 Title This Act is the Taxation (Business Tax Measures) Act 2009.

Commencement This Act comes into force on the date on which it receives the Royal assent, except as provided in this section.

In Part 1, the sections, other than sections 3 and 24, come into force on 1 April 2009.
In Part 2,–– (a) section 32 is treated as coming into force on 19 Decem- ber 2007: sections 29(1), 30(1), and 31(1) come into force on 1 April 2009: sections 29(2), 30(2), and 31(2) come into force on 1 April 2010.

(b) (c) Part 1 Business tax measures Amendments to Income Tax Act 2007 New heading and new section DB 62 Amendment incorporated in the principal Act.

Subsection (1) applies for the 2009–10 income year and later income years.
Valuing closing stock under $5,000 Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Subsections (1) and (2) apply for the 2009–10 income year and later income years.

1 2 (1) (2) (3) 4 (1) (2) 5 (1) (2) (3) 3580 Reprinted as at 13 June 2013 Income Tax Act 2007 6 (1) (2) 7 (1) (2) 8 (1) (2) (3) 9 (1) (2) 10 (1) (2) 11 (1) (2) (3) (4) (5) When use of spreading method not required Amendment incorporated in the principal Act.
Subsection (1) applies for the 2009–10 income year and later income years.

Straight-line method Amendment incorporated in the principal Act.

Subsection (1) applies for the 2009–10 income year and later income years.

Consistency of use of straight-line method and market valuation method Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Subsections (1) and (2) apply for the 2009–10 income year and later income years.
Section EW 54 replaced Amendment incorporated in the principal Act.

Subsection (1) applies for the 2009–10 income year and later income years.

Section EW 56 repealed Amendment incorporated in the principal Act.

Subsection (1) applies for the 2009–10 income year and later income years.

Thresholds Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.


Subsections (1) to (3) apply for the 2009–10 income year and later income years.

3581 Income Tax Act 2007 Reprinted as at 13 June 2013 Financial arrangements, income, and expenditure relevant to criteria Amendment incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) to (4) apply for the 2009–10 income year and later income years.

Section EW 59 replaced Amendment incorporated in the principal Act.

Subsection (1) applies for the 2009–10 income year and later income years.

Trustee of deceased’s estate Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Subsections (1) and (2) apply for the 2009–10 income year and later income years.
Part 2 Minor remedial matters Amendments to Income Tax Act 2007 Employer’s liability for attributed beneﬁts Amendment incorporated in the principal Act.

In section RD 50(5), “61.29%” is replaced by “58.73%”.

Subsection (1) applies for the 2009–10 income year and later income years.

Subsection (2) applies for the 2010–11 income year and later income years.

Calculation for certain employees when information lacking Amendment incorporated in the principal Act.
In section RD 52(3)(b), “61.29%” is replaced by “58.73%”.

12 (1) (2) (3) (4) (5) 13 (1) (2) 14 (1) (2) (3) 29 (1) (2) (3) (4) 30 (1) (2) 3582 Reprinted as at 13 June 2013 Income Tax Act 2007 (3) (4) 31 (1) (2) (3) (4) Subsection (1) applies for the 2009–10 income year and later income years.

Subsection (2) applies for the 2010–11 income year and later income years.

Pooling non-attributed beneﬁts Amendment incorporated in the principal Act.

In section RD 53(4)(a), “61%” is replaced by “59%”.
Subsection (1) applies for the 2009–10 income year and later income years.

Subsection (2) applies for the 2010–11 income year and later income years.

3583 Income Tax Act 2007 Reprinted as at 13 June 2013 Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 Public Act Date of assent Commencement 2009 No 34 6 October 2009 see section 2 Title This Act is the Taxation (International Taxation, Life Insur- ance, and Remedial Matters) Act 2009.
Commencement This Act comes into force on the day on which it receives the Royal assent, except as provided in this section.

Sections 74, 108, 319, 320, 322, 323, 502, 510, 546, 549, 557(26), (45), (53), (132), (145), and (147), 605(1), and (3), 606, 610, 682, 862, and 863 are treated as coming into force 3 months after this Act receives the Royal assent.
Section 704(5) is treated as coming into force— (a) in relation to the Parliamentary Service, on 1 October 1986: in relation to the Ofﬁce of the Clerk of the House of Representatives, on 1 August 1988.

(b) Section 855 is treated as coming into force on 1 April 1993.

Section 850 is treated as coming into force on 1 April 1995.

Sections 851 and 860 are treated as coming into force on 1 April 1997.

Sections 847, 848, 849, 852, 853, 854, and 856 are treated as coming into force on 1 October 2001.
Sections 628(1), 646(1) and (4), 647(1), (3), and (6), 712, 735, 736, 738, 741, 742, 743, 746, 747, 748, 749, 750, 751, 754, 759, 760, 761, 764(2), 767, 769, 770, 771, 772, 773, 789(2) and (4), 832, 844(2), (9), (15), (23), (25), (31), and (33), 845, 858(1) and (3), and 864 are treated as coming into force on 1 April 2005.

1 2 (1) (2) (3) (4) (5) (6) (7) (8) 3584 Reprinted as at 13 June 2013 Income Tax Act 2007 (9) Section 647(2) is treated as coming into force on 1 October 2005.
(10) Sections 744, 768, and 844(3), (13), (14), (22), and (32) are treated as coming into force on 1 April 2006.

(11) Sections 646(2) and 647(4) are treated as coming into force on 3 April 2006.

(12) Sections 706, 739, 779, 780, 781, 782, 783, 784, 785, 786, 787, 788, 789(1) and (3), 793, 794, 795, 796, 797, 798, 799, 800, 801, 802, 819(2), 841, and 844(8), (11), (18), (21), and (35) are treated as coming into force on 1 April 2007.

(13) Section 684 is treated as coming into force on 17 May 2007.
(14) Sections 720, 731, 733(2) and (4), and 844(6) and (17) are treated as coming into force on 1 July 2007.

(15) Sections 612, 625, 675, 677, 756, 808, 809, 811, 812, 813, 814, 815, 816, 817, 818, 819(1), 820, 821, 822, 823, 824, 825, 826, 827, 828, 829, 833, 834, 835, 836, 837, 838, 839, 840, 842, 843, and 844(26) are treated as coming into force on 1 October 2007.

(16) Section 764(1) and (3) is treated as coming into force on 1 December 2007.
(17) Sections 638(2), 757, 830, and 831 are treated as coming into force on 19 December 2007.

(18) Section 758 is treated as coming into force on 1 January 2008.

(19) Section 737, 740, 755, 762, 790, 791, 792, 803, 804, 805, 806, 807, 810, and 844(4), (5), (7), (10), (12), (16), and (27) to (30) are treated as coming into force on 25 February 2008.

(20) Section 763 is treated as coming into force on 4 March 2008.
(21) Sections 5(1), (2), (4), (5), and (7), 11, 12, 15(1)(b), 16, 18, 19(1), (2), (3) and (5), 20(3), 24, 25, 26, 32, 34, 35, 36, 37, 38, 41(1) and (2), 42, 43, 44, 45, 47, 48, 52, 53, 54, 56(1) and (4), 60, 62, 68, 72, 73(3), 76, 81, 82, 83, 84, 85, 93, 96(1) and (3), 97, 98(1), (3), and (4), 99, 100, 101, 102(1), (3), (5), and (7), 103(1), (3), and (5), 104(1) and (3), 105(1), (3), and (5), 106(1), (3), and (5), 107, 109, 111, 117, 118, 119, 120, 121, 127, 128, 129, 130, 131, 133, 134, 135, 136(1) and (3), 137(1), (2), (3), and (5), 138, 140, 141, 142, 143, 144, 145, 146, 147, 150, 151, 152(1), 161(7) and (15), 166, 167, 168, 169, 170, 171, 172, 173(1) to (3), (5) to (7), and (11), 174, 3585 Income Tax Act 2007 Reprinted as at 13 June 2013 176(1), 177(1), (2) to (4), and (6) to (10), 178(1) to (5), and (7) to (11), 179, 180(1), 181(1), (2), and (5), 182, 183, 188, 196, 197, 198, 201, 202(1) and (3), 203, 204, 205(1), (4), and (5), 209(2), (3), and (5), 211(3) and (6), 215(1) and (3), 218(1), (4), (5), (7), and (9), 227, 230(4), 232, 233, 234, 235, 236, 238(1) and (4), 239(1), 241, 242(1), 251, 253, 254, 255, 256, 257, 258, 261, 262(1), 263, 264(2) and (4), 265, 266, 268, 269, 270, 271, 272, 273, 274, 275, 277, 280, 281, 282(1), (3), (4), and (5), 283, 284(1), (2), (4), and (6), 285, 286, 287, 288, 289, 290, 291, 293, 294, 296(2), (3), and (8), 297(2) and (5), 298(1) and (4), 299, 300, 302(2) and (4), 304, 306, 308(1), 309, 311, 312, 314, 317, 318, 321, 324(1), (2), (4), and (6), 329, 330, 331, 332, 333, 334, 335, 336(1), (3), (5), and (6), 337, 338, 339, 340(1), (3), (4), and (7), 341, 344, 345, 349, 350, 352, 353, 354, 355, 356, 357, 358, 359, 360(1) and (3), 361, 362, 363, 364, 365, 366, 367, 368, 369, 370, 371, 376, 378(1), (2), (4), (5), and (7), 379, 381(2) and (4), 383, 387, 388(2) and (5), 389(2) and (3), 390, 391, 393, 394, 397, 398, 399(1), (4), and (8), 400(2) and (6), 409, 420(1) and (3), 421(1) and (3), 422, 427, 431(1) and (3), 440, 441, 442, 443, 444, 446, 447(2) and (5), 452(3) and (6), 453, 455,
 457, 460(2), (4), and (7), 466, 470, 486, 489, 490(2), (3) and (5), 491(1), (3), and (5), 492(1) and (5), 493, 494, 495, 496, 497, 500, 503(2), (3), and (4), 504, 505, 506, 507, 509, 511, 512, 513, 514(1) to (4), (7), and (9) to (11), 515, 516, 517(1) and (3) to (5), 518(1) and (3) to (5), 519(1) to (6) and (8) to (13), 520, 521, 522, 523, 524, 525, 526, 529, 530, 531(1), (2), and (4) to (7), 532, 533, 534, 536, 537, 538, 539, 541, 542, 543, 544, 545, 547, 548, 554, 555, 556, 557(5), (7), (10), (25), (28), (29), (36), (37), (39), (42), (49), (50), (51), (52), (54), (55), (57), (58), (59), (62), (63), (64), (68), (69), (76), (84), (85), (88), (93), (95), (98), (99), (109), (114), (118), (119), (130), (134), (137), (138), (139), (140), (141), (142), (143), (144), (146), (149), (156), (157), (164), (170), (171), (175), (176), (184), (187), (191), (193), (195), (197), (198), (199), (200), (202), (204), (210), (214), (217), (219), (222), (224), (225), and (228), 559, 560, 561, 562, 564, 567, 568, 569, 570, 571(1) and (3), 572, 573, 574, 575, 576, 579(3) to (8), 580, 581, 582, 583, 585, 590, 591, 592, 593, 596(3), (4), (7), and (8), 597(4), 598(1) and (3), 599(1), 3586 Reprinted as at 13 June 2013 Income Tax Act 2007 609, 614, 615, 616(2), 619(2), (3), (6), and (7), 620, 624, 627, 628(2) to (4), 630(1), 631, 632, 633, 636, 637, 640, 642, 643, 644, 646(3) and (5), 647(5) and (7), 648, 649, 650, 651(1) and (3), 654, 659, 660, 661, 664, 665, 669, 671, 672, 673, 680, 683, 690, 691, 693, 701, 702, 715(1) to (3), 717, 719, 724, 725, 726, 727, 729, 730, 733(3) and (5), 765, 766, 774, 775, 776, 777, 778, 844(19), (20), (24), and (34), 858(2) and (4), 859, and 865 are treated as coming into force on 1 April 2008.
(22) Sections 88, 315, 316, 360(2), 503(1), 557(148), 732, 867, and 868 are treated as coming into force on 1 July 2008.

(23) Sections 40, 58, 61, 243, 244, 745, 752, and 753 are treated as coming into force on 26 September 2008.

(24) Section 137(4) and (6) are treated as coming into force on 1 October 2008.
(25) Sections 10, 80, 112(2) and (3), 115, 116, 132(2) and (4), 173(8), (13), and (15), 557(32), (48), (60), (82), (105), (127), (131), (159), (160), (181), (186), and (206), and 704(2) and (4) are treated as coming into force on 1 January 2009.
(26) Sections 9, 27, 50, 64, 92, 114, 136(2), (4), (5), and (6), 139, 173(9), 176(2) and (3), 181(4) and (8), 184, 276, 278, 279, 282(2), 284(3), (5), (7), and (8), 301, 347(1), 399(2) and (6), 445(1) and (4), 462, 463, 464, 465, 492(2), 508, 514(5), (6), and (8), 517(2), 518(2), 519(7), 550, 557(92), (158), (165), (166), (188), and (209), 571(2), (4), and (5), 587, 607, 608, 619(1), (4), and (5), 623, 715(4), and 721 are treated as coming into force on 1 April 2009.
(27) Sections 5(3), (6), and (8), 6, 14, 17(2), (3) and (5), 20(1), (2), and (4), 22, 23, 29, 30, 39, 41(3) and (6), 69, 70, 71, 79, 90, 91, 110, 152(2) and (3), 153, 154, 155, 156, 160, 161(1) to (6), (9) to (14), (16), and (17), 162, 163, 164, 165, 175, 180(2) to (4), 195, 202(2) and (4), 206, 207, 208, 209(1) and (4), 210, 211(1), (2), (4), (5), and (7), 212, 213, 214, 215(2), (4), and (5), 216, 217, 218(3) and (10), 219, 220, 221, 222, 223, 224, 225, 226, 228, 229, 230(1) to (3), and (5) to (7), 231, 237, 238(2), (3), and (5), 240, 246, 247, 248, 249, 250, 252, 259, 260, 302(1) and (3), 303, 305, 340(2), (5), and (6), 342, 343, 346, 377, 385, 395, 399(3) and (7), 400(3) and (7), 401(2) and (5), 403, 404, 405, 406, 407, 408, 412, 413, 414, 415, 416, 3587 Income Tax Act 2007 Reprinted as at 13 June 2013 417, 419, 421(2) and (4), 423, 424, 425, 426, 428, 429, 430, 431(2) and (4), 432, 433, 434, 435, 436, 437, 448, 456, 459(1) and (3), 460(3) and (8), 461(1) and (3), 468, 469(1) and (3), 471, 472, 473, 474, 475, 476, 477, 478, 479, 480, 481, 482, 485, 488, 490(1) and (4), 491(2), (4) and (6), 492(3), (4), and (6), 527, 528, 540, 557(8), (9), (11), (14), (16), (22), (23), (30), (34), (38), (40), (41), (43), (61), (70), (71), (74), (75), (77), (78), (79), (80), (89), (94), (96), (104), (117), (123), (128), (129), (182), (183), (185), (203), (208), (211), (212), (213), (215), (216), and (229), 558, 577(2), 584, 586, 596(5) and (9), 597(1) to (3), (5) and (6), 605(2) and (4), 617, 634, 635, 651(2) and (5), 652, 655, 656, 657, 658, 666, 668, 674, 676, 678, 686, 687, 688, 695, 697, and 700 are treated as coming into force on 30 June 2009.
(28) Sections 46, 56(2), (3), and (5), 59, 86, 87, and 89 come into force on 1 October 2009.

(29) Sections 95, 123, 124, 125, 126, 557(108), and (110) come into force on 1 January 2010.
(30) Sections 4, 7, 8, 13, 15(1)(a) and (2), 17(1) and (4), 19(4), (6), and (7), 21, 28, 41(4), (5), and (7), 51, 63, 65, 66, 67, 73(1), (2), and (4), 75, 77, 78, 96(2), (4), and (5), 98(2), (5), and (6), 102(2), (4), (6), and (8), 103(2), (4), and (6), 104(2) and (4), 105(2), (4), and (6), 106(2), (4), and (6), 112(1), 113, 122, 149, 157, 158, 159, 161(8) and (18), 173(4), (10), (12), and (14), 177(5), (11), and (12), 178(6), (12), and (13), 181(3), (6), and (7), 191, 192, 218(2), (6), (8), and (11), 239(2) and (3), 242(2) to (4), 245, 262(2) and (3), 264(1) and (3), 267, 292, 295, 296(4), (6), and (9), 298(2), (3), and (5), 308(2) and (3), 313, 324(3), (5), and (7), 328, 336(2), (4), and (7), 347(2), 348, 351, 378(3), (6), and (8), 384, 401(1), (3), and (4), 438, 498, 531(3) and (8), 535, 557(2), (3), (4), (13), (15), (17), (18), (19), (21), (24), (31), (44), (66), (73), (81), (83), (91), (97), (100), (101), (102), (103), (106), (107), (111), (115), (116), (121), (126), (133), (136), (150), (154), (155), (167), (177), (179), (180), (192), (196), (220), (221), (223), and (227), 563, 565, 566, 579(1) and (2), 588, 594, 599(2), 611, 613, 618, 621, 622, 626, 628(5) and (6), 645, 651(4) and (6), 679, 681, 710(3), 713, and 861 come into force on 1 April 2010.
(31) Sections 200 and 487 come into force on 30 June 2010.
3588 Reprinted as at 13 June 2013 Income Tax Act 2007 (32) Sections 33, 49, 55, 94, 132(1), (3), (5), and (6), 185, 186, 187, 189, 190, 193, 194, 199, 296(1), (5), and (7), 297(1), (3), and (4), 307, 310, 325, 326, 327, 372, 373, 374, 375, 380, 381(1), (3), and (5), 382, 386, 388(1), (3), and (4), 392, 396, 399(5) and (9), 400(1), (4), and (5), 402, 410, 411, 418, 420(2) and (4), 439, 445(2), (3), and (5), 447(1), (3), and (4), 449, 450, 451, 452(1), (2), (4), and (5), 454, 458, 459(2) and (4), 460(1), (5), and (6), 461(2) and (4), 467, 469(2) and (4), 483, 484, 557(6), (12), (20), (27), (33), (35), (46), (56), (65), (67), (72), (87), (90), (112), (113), (120), (122), (124), (151), (152), (153), (161), (162), (163), (168), (169), (172), (178), (189), (190), (194), (201), (205), (207), (218), and (226), 577(1) and (3), 629, and 663 come into force on 1 July 2010.
Part 1 Amendments to Income Tax Act 2007 Withholding liabilities Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

Subsection (3) applies for all income years beginning on or after 1 July 2009.
Other obligations Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

Section CB 27B repealed Amendments incorporated in the principal Act.

Subsection (1) applies for the 2009–10 and later income years.
5 (1) (2) (3) (4) (5) (6) (7) (8) 6 (1) (2) (3) 9 (1) (2) 3589 Income Tax Act 2007 Reprinted as at 13 June 2013 11 (1) (2) New section CC 8B inserted Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

12 What is a transfer of value?

(1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
14 (1) (2) 16 (1) (2) 17 (1) (2) (3) (4) (5) 20 (1) (2) (3) (4) Section CD 21 repealed Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

Treasury stock acquisitions Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

Property made available intra-group Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for the 2010–11 and later income years.

Subsection (2) applies for all income years beginning on or after 1 July 2009.

Available subscribed capital (ASC) amount Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
22 (1) Heading and sections CD 45 to CD 52 repealed Amendments incorporated in the principal Act.

3590 Reprinted as at 13 June 2013 Income Tax Act 2007 (2) 23 (1) (2) (3) (4) 24 (1) (2) (3) (4) (5) 27 (1) (2) Subsection (1) applies for all income years beginning on or after 1 July 2009.

Prevention of double taxation of share cancellation dividends Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for all income years beginning on or after 1 July 2009.

Amounts derived in connection with employment Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (3) apply for the 2008–09 and later income years.

New subpart CO inserted Amendments incorporated in the principal Act.
Subsection (1) applies for the 2009–10 and later income years.

29 When attributed CFC income arises (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (4) apply for all income years beginning on or after 1 July 2009.
30 When FIF income arises (1) (2) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

3591 (3) 33 (1) (2) 34 (1) (2) Income Tax Act 2007 Reprinted as at 13 June 2013 Subsection (1) applies for all income years beginning on or after 1 July 2009.

Sections CR 1 and CR 2 replaced Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

New section CR 4 added Amendments incorporated in the principal Act.
Subsection (1) applies— (a) for an insurer who uses IFRS 4,–– (i) (ii) (ii) for the 2009–10 and later income years, unless subparagraph (ii) applies: for the ﬁrst income year for which an insurer adopts IFRSs for the purposes of ﬁnancial report- ing and later income years, if that ﬁrst income year is before the 2009–10 income year and the person chooses to use IFRS 4 in a return of in- come for that ﬁrst year: on and after 1 July 2010, unless subparagraph (ii) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(b) for a life insurer,–– (i) 35 Withdrawals (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

3592 Reprinted as at 13 June 2013 Income Tax Act 2007 (4) 36 (1) (2) (3) 37 (1) (2) (3) 38 (1) (2) (3) 39 (1) (2) 41 (1) (2) (3) (4) (5) (6) (7) 44 (1) Subsections (1) and (2) apply for the 2008–09 and later income years.

Exclusions of withdrawals of various kinds Amendments incorporated in the principal Act.


Subsection (1) applies for the 2008–09 and later income years.

Exclusion of withdrawal on partial retirement Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

Exclusion of withdrawal when member ends employment Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for the 2008–09 and later income years.

Section CV 10 repealed Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009. Dividend derived by company from overseas Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (3) applies for all income years beginning on or after 1 July 2009.

Subsection (4) applies for the 2010–11 and later income years.

Expenditure on account, and reimbursement, of employees Amendments incorporated in the principal Act.

3593 Income Tax Act 2007 Reprinted as at 13 June 2013 Amendments incorporated in the principal Act.
Subsection (1) does not apply in relation to a tax position taken by a person— (a) in the period from 1 April 2008 to the date on which this Act receives the Royal assent; and in relation to a deduction for an amount of depreciation loss; and relying on section CW 17 in the absence of the amend- ment made by subsection (1).

(b) (c) Section CW 37 repealed Amendments incorporated in the principal Act.
Subsection (1) applies for an amount derived by a company as a large budget screen production grant if— (a) the ﬁnal application for the large budget screen produc- tion grant is made on or after 1 October 2009; and the company does not incur before 1 July 2008 an amount of $3,000,000 or more in expenditure on the project to which the large budget screen production grant relates.

(b) New section CW 59C inserted Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

New section CW 62B inserted Amendments incorporated in the principal Act.

Subsection (1) applies for the 2009–10 and later income years.
Contributions to superannuation schemes Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

(2) (3) 46 (1) (2) 49 (1) (2) 50 (1) (2) 52 (1) (2) 3594 Reprinted as at 13 June 2013 Income Tax Act 2007 (3) Subsection (1) applies for the 2008–09 and later income years.

54 (1) (2) 55 (1) (2) 56 (1) (2) (3) (4) (5) 60 (1) (2) 63 (1) (2) Section CX 28 replaced Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
Section CX 39 repealed Amendments incorporated in the principal Act.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

Government grants to businesses Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
Subsection (2) applies for an amount derived by a company as a large budget screen production grant if— (a) the ﬁnal application for the large budget screen produc- tion grant is made on or after 1 October 2009; and the company does not incur before 1 July 2008 an amount of $3,000,000 or more in expenditure on the project to which the large budget screen production grant relates.

(b) New heading and section CX 48D inserted Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

Section CX 55 replaced Amendments incorporated in the principal Act.
Subsection (1) applies— 3595 Income Tax Act 2007 Reprinted as at 13 June 2013 (a) (b) for a portfolio investment entity, including a life fund PIE, and the New Zealand Superannuation Fund, for the 2010–11 and later income years: for a life insurer, other than in relation to a life fund PIE,— (i) on and after 1 July 2010, unless subparagraph (ii) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(ii) Section 63(2)(b)(i): amended (with effect on 7 October 2009), on 7 December 2009, by section 166 of the Taxation (Consequential Rate Alignment and Re- medial Matters) Act 2009 (2009 No 63).

Determining tax liabilities Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

Interest: not capital expenditure Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

Interest: most companies need no nexus with income Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

Interest: money borrowed to acquire shares in group companies Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
68 (1) (2) (3) 69 (1) (2) 70 (1) (2) 71 (1) (2) 3596 Reprinted as at 13 June 2013 Income Tax Act 2007 76 (1) (2) 79 (1) (2) (3) 81 (1) (2) 82 (1) (2) (3) (4) 83 (1) (2) 87 (1) (2) (3) Portfolio investment entities: zero-rated portfolio investors and allocated losses Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

Expenditure incurred in deriving exempt dividend Amendments incorporated in the principal Act.


Subsection (1) applies for all income years beginning on or after 1 July 2009.

New section DB 60B inserted Amendments incorporated in the principal Act.

Subsection (1) applies for deductions accrued on or after 1 January 2008.

Contributions to employees’ superannuation schemes Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for the 2008–09 and later income years.

Criteria for approval of share purchase schemes: before period of restriction ends Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

Government grants to businesses Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for an amount derived by a company as a large budget screen production grant if— (a) the ﬁnal application for the large budget screen produc- tion grant is made on or after 1 October 2009; and the company does not incur before 1 July 2008 an amount of $3,000,000 or more in expenditure on the (b) 3597 Income Tax Act 2007 Reprinted as at 13 June 2013 project to which the large budget screen production grant relates.
90 When attributed CFC loss arises (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (2) and (3) apply for all income years beginning on or after 1 July 2009.

91 When FIF loss arises (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for all income years beginning on or after 1 July 2009.

92 (1) (2) 94 (1) (2) Section DO 11B repealed Amendments incorporated in the principal Act.

Subsection (1) applies for the 2009–10 and later income years.

Sections DR 1 to DR 3 replaced Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

97 (1) (2) New section DT 1A inserted Amendments incorporated in the principal Act.

Subsection (1) applies for expenditure incurred on or after 4 March 2008.
3598 Reprinted as at 13 June 2013 Income Tax Act 2007 99 (1) (2) Petroleum development expenditure Amendments incorporated in the principal Act.

Subsection (1) applies for expenditure incurred on or after 1 April 2008.

100 Disposal of petroleum mining asset to associate (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for expenditure incurred on or after 1 April 2008.
101 Amount written off by holding company (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) applies for the 2008–09 and later income years.

102 Transfer of expenditure to master fund (1) (2) (3) (4) (5) (6) (7) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (3) apply for the 2008–09 and 2009–10 income years.

Subsections (2) and (4) apply for the 2010–11 and later income years.

(8) 103 Carry forward of expenditure (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for the 2008–09 and 2009–10 income years.

Subsection (2) applies for the 2010–11 and later income years.

(6) 3599 Income Tax Act 2007 Reprinted as at 13 June 2013 104 New section DV 4B inserted and replaced (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and 2009–10 income years.
Subsection (2) applies for the 2010–11 and later income years.

Investment funds: transfer of expenditure to master funds Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and 2009–10 income years.

Subsection (2) applies for the 2010–11 and later income years.
(4) 105 (1) (2) (3) (4) (5) (6) 106 Formula for calculating maximum deduction Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Subsection (1) applies for the 2008–09 and 2009–10 income (5) years.

Subsection (2) applies for the 2010–11 and later income years.

(6) 107 Carry forward of expenditure (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

109 New section DW 4 added (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies— (a) for an insurer who uses IFRS 4,–– (i) for the 2009–10 and later income years, unless subparagraph (ii) applies: 3600 Reprinted as at 13 June 2013 Income Tax Act 2007 (ii) for the ﬁrst income year for which an insurer adopts IFRSs for the purposes of ﬁnancial report- ing and later income years, if that ﬁrst income year is before the 2009–10 income year and the person chooses to use IFRS 4 in a return of in- come for that ﬁrst year: (b) for a life insurer,–– (i) (ii) on and after 1 July 2010, unless subparagraph (ii) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
110 Section DX 2 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

114 New heading and section EC 26B inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2009–10 and later income years.

117 Pool method: calculating amount of depreciation Amendments incorporated in the principal Act.

(1) Subsection (1) applies for the 2008–09 and later income years.
(2) 120 Meaning of adjusted tax value (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

121 Employer’s superannuation contribution tax Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Subsection (1) applies for the 2008–09 and later income years.

(3) 3601 Income Tax Act 2007 Reprinted as at 13 June 2013 127 Section EJ 12 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for expenditure incurred on or after 1 April 2008.

128 Relinquishing petroleum mining permit (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for expenditure incurred on or after 1 April 2008.

129 New sections EJ 13B and EJ 13C inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for expenditure incurred on or after 1 April 2008.
130 Disposal of petroleum mining asset (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for expenditure incurred on or after 1 April 2008.

131 Sections EJ 19 and EJ 20 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for expenditure incurred on or after 1 April 2008.

132 What is an excepted ﬁnancial arrangement?

Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Amendments incorporated in the principal Act.


(5) Subsections (1) and (3) apply— (6) (a) on and after 1 July 2010, unless paragraph (b) applies; or for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for (b) 3602 Reprinted as at 13 June 2013 Income Tax Act 2007 the tax year corresponding to the ﬁrst relevant income year.
135 (1) (2) (3) (4) (5) IFRS ﬁnancial reporting method Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) does not apply for a taxpayer and an income year if the taxpayer has,— (a) before 30 June 2009, ﬁled a return of income for the income year; and taken a tax position in the return which ignores subsec- tion (2).
(b) 136 Determination alternatives (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (2) and (4) apply for the 2009–10 and later income years.

137 Expected value method (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (4) applies for the 2009–10 and later income years.

139 Mandatory use of some determinations (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2009–10 and later income years.
3603 Income Tax Act 2007 Reprinted as at 13 June 2013 152 Associates and 10% threshold (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) applies for all income years beginning on or after 1 July 2009.

153 New section EX 18A inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
154 Formula for calculating attributed CFC income or loss (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

155 Taxable distribution from non-complying trust (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) to (3) apply for all income years beginning on or after 1 July 2009.

156 New heading and sections EX 20B to EX 20E inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

161 Branch equivalent income or loss: calculation rules Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Amendments incorporated in the principal Act.

(5) 3604 Reprinted as at 13 June 2013 Income Tax Act 2007 Amendments incorporated in the principal Act.

(6) Amendments incorporated in the principal Act.

(7) Amendments incorporated in the principal Act.

(8) Amendments incorporated in the principal Act.


(9) (10) Amendments incorporated in the principal Act.

(11) Amendments incorporated in the principal Act.

(12) Amendments incorporated in the principal Act.

(13) Amendments incorporated in the principal Act.

(14) Amendments incorporated in the principal Act.

(15) Amendments incorporated in the principal Act.

(16) Amendments incorporated in the principal Act.


(17) Subsections (1) to (6) and (9) to (14) apply for all income years beginning on or after 1 July 2009.

(18) Subsection (8) applies for the 2010–11 and later income years.

162 New heading and sections EX 21B to EX 21E inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

163 Heading and section EX 22 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

164 Section EX 23 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

165 Change of CFC’s balance date (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
3605 Income Tax Act 2007 Reprinted as at 13 June 2013 169 Exemption for Australian unit trusts with adequate turnover or distributions Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

(1) (2) 173 Limits on choice of calculation methods Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.


(4) Amendments incorporated in the principal Act.

(5) Amendments incorporated in the principal Act.

(6) Amendments incorporated in the principal Act.

(7) Amendments incorporated in the principal Act.

(8) (9) Amendments incorporated in the principal Act.

(10) Amendments incorporated in the principal Act.

(11) Amendments incorporated in the principal Act.

(12) Amendments incorporated in the principal Act.


(13) Amendments incorporated in the principal Act.

(14) Subsections (4) and (10) apply for the 2010–11 and later in- come years.

(15) Subsection (8) applies for all income years beginning on or after 1 July 2009.

175 Branch equivalent method (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
176 Comparative value method (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) applies for the 2009–10 and later income years.

180 Additional FIF income or loss if CFC owns FIF (1) Amendments incorporated in the principal Act.

3606 Reprinted as at 13 June 2013 Income Tax Act 2007 (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (2) and (3) apply for all income years beginning on or after 1 July 2009.

(1) (2) (3) 181 Codes: comparative value method, deemed rate of return method, fair dividend rate method, and cost method Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Section EX 59(1C)(b) is replaced by the following: the FIF is a foreign PIE equivalent.” “(b) Amendments incorporated in the principal Act.


In section EX 59, in the list of deﬁned terms,— “foreign investment vehicle” is omitted: (a) (b) “foreign PIE equivalent” is inserted.

Subsection (3) applies for the 2010–11 and later income years.

Subsection (4) applies for the 2009–10 and later income years.

(4) (5) (6) (7) (8) 183 Changes in application of FIF exemptions (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for the 2008–09 and later income years.

184 New section EX 66B inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2009–10 and later income years.

185 Sections EY 1 to EY 5 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for 3607 Income Tax Act 2007 Reprinted as at 13 June 2013 the tax year corresponding to the ﬁrst relevant income year.

186 Section EY 6 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

187 Meaning of claim (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

188 Superannuation schemes providing life insurance Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Amendments incorporated in the principal Act.

(3) Subsections (1) and (2) apply for the 2008–09 and later income (4) years.

189 Meaning of life reinsurance (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply–– (a) on and after 1 July 2010, unless paragraph (b) applies: 3608 Reprinted as at 13 June 2013 (b) Income Tax Act 2007 for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
190 Sections EY 15 to EY 47 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
193 Non-resident life insurers with life insurance policies in (1) (2) (3) New Zealand Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
194 Deductions for disposal of property: 1982–83 and 1989–90 (1) (2) (3) (4) (5) income years Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) to (4) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new 3609 Income Tax Act 2007 Reprinted as at 13 June 2013 life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

195 Section EZ 31 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

197 (1) (2) Income and expenditure where ﬁnancial arrangement redeemed or disposed of Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

199 New headings and sections EZ 53 to EZ 62 added Amendments incorporated in the principal Act.
(1) Subsection (1) applies–– (2) (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

202 New section FA 2B inserted (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies if a debt security is stapled to a share on or after 25 February 2008.

Subsection (2) applies for all income years beginning on or after 1 July 2009.

(4) 203 Financial arrangements rules (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
3610 Reprinted as at 13 June 2013 Income Tax Act 2007 205 Property transferred to charities or to close relatives and others Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

(1) (2) (3) (4) (5) 206 What this subpart does (1) (2) (3) Amendments incorporated in the principal Act.


Subsection (1) applies for all income years beginning on or after 1 July 2009.

207 When this subpart applies (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

208 Section FE 3 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
209 Some deﬁnitions (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

Subsection (2) applies for the 2008–09 and later income years.

(5) 210 Thresholds for application of interest apportionment rules (1) (2) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


3611 Income Tax Act 2007 Reprinted as at 13 June 2013 (3) Subsection (1) applies for all income years beginning on or after 1 July 2009.

211 Apportionment of interest by excess debt entity (1) (2) (3) (4) (5) (6) (7) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (3) applies for the 2008–09 and later income years.

Subsections (1), (2), and (4) apply for all income years begin- ning on or after 1 July 2009.

212 Calculation of debt percentages (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) to (4) apply for all income years beginning on or after 1 July 2009.

213 Financial arrangements entered into with persons outside (1) (2) (3) (4) (5) group Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (3) applies for all income years beginning on or after 1 July 2009.
214 Consolidation of debts and assets (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

3612 Reprinted as at 13 June 2013 Income Tax Act 2007 215 Total group debt (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (2) applies for all income years beginning on or after 1 July 2009.

216 Total group assets (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

217 Measurement of debts and assets of worldwide group (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (4) apply for all income years beginning on or after 1 July 2009.

218 Banking group’s New Zealand net equity (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Subsection (3) applies for all income years beginning on or Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

after 1 July 2009.
after 1 July 2009.

3613 Income Tax Act 2007 Reprinted as at 13 June 2013 (11) Subsections (2), (6), and (8) apply for the 2010–11 and later income years.

219 New Zealand group for excess debt entity that is a (1) (2) (3) company Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

Identifying New Zealand parent 220 Amendments incorporated in the principal Act.
(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Amendments incorporated in the principal Act.

(5) Amendments incorporated in the principal Act.

(6) Amendments incorporated in the principal Act.

(7) Amendments incorporated in the principal Act.

(8) (9) Amendments incorporated in the principal Act.

(10) Amendments incorporated in the principal Act.


(11) Subsections (1) to (9) apply for all income years beginning on or after 1 July 2009.

221 Section FE 28 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

222 Section FE 29 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
3614 Reprinted as at 13 June 2013 Income Tax Act 2007 223 Ownership interests in companies outside New Zealand (1) (2) (3) (4) group Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for all income years beginning on or after 1 July 2009.

224 Worldwide group for corporate excess debt entity Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Amendments incorporated in the principal Act.

(3) Subsections (1) and (2) apply for all income years beginning (4) on or after 1 July 2009.

225 New sections FE 31B and FE 31C inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

226 Section FE 32 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

227 (1) (2) (3) (4) (5) Identifying members of New Zealand banking group Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (4) apply for the 2008–09 and later income years.

228 Subpart FF repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

3615 Income Tax Act 2007 Reprinted as at 13 June 2013 229 Consolidation rules (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

230 Some general rules for treatment of consolidated groups (1) (2) (3) (4) (5) (6) (7) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (3) and (5) apply for all income years be- ginning on or after 1 July 2009.

231 Heading and sections FM 24 to FM 26 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

232 Eligibility rules (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

234 Trans-Tasman imputation groups and resident imputation (1) (2) (3) subgroups Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for the 2008–09 and later income years.

235 Amortising property (1) Amendments incorporated in the principal Act.

3616 Reprinted as at 13 June 2013 Income Tax Act 2007 (2) Subsection (1) applies for the 2008–09 and later income years.

237 New sections GB 15B and GB 15C inserted Amendments incorporated in the principal Act.

(1) Subsection (1) applies for all income years beginning on or (2) after 1 July 2009.
238 Attribution rule for income from personal services Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Subsection (1) applies for the 2008–09 and later income years.

(4) Subsection (2) applies for all income years beginning on or (5) after 1 July 2009.

240 Section GB 39 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

246 (1) (2) Insufﬁcient amount receivable by person Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

247 Compensating arrangement: person receiving more than (1) (2) arm’s length amount Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
248 Requests for matching treatment (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

3617 Income Tax Act 2007 Reprinted as at 13 June 2013 249 Section GC 12 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
250 New section GZ 2 inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

251 Shareholding requirements (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

252 New section HA 8B inserted (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

253 Limit on foreign non-dividend income (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

254 When requirements no longer met (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

256 Fully imputed distributions (1) (2) (3) Amendments incorporated in the principal Act.


Subsection (1) applies for the 2008–09 and later income years.

257 Section HA 16 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

3618 Reprinted as at 13 June 2013 Income Tax Act 2007 259 Calculating qualifying company election tax Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.


(3) Subsections (1) and (2) apply for all income years beginning (4) on or after 1 July 2009.

260 Corpus of trust (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for all income years beginning on or after 1 July 2009.

261 Trustee income (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

263 Distributions from community trusts (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

264 Who is a settlor?

(1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies, for the purposes of— (a) (b) (c) for the provisions other than the land provisions, 2010–11 and later income years: the land provisions other than section CB 11, for land acquired on or after the date on which this Act receives the Royal assent: section CB 11, for land on which improvements are be- gun on or after the date on which this Act receives the Royal assent.

(4) Subsection (2) applies for the 2008–09 and later income years.
3619 Income Tax Act 2007 Reprinted as at 13 June 2013 265 Liability of trustee as agent (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

266 Beneﬁciary income of minors (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

269 General provisions relating to disposals (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsections (1) and (2) apply for income years starting on and after 1 April 2008.

270 Section HG 4 replaced (1) (2) Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

271 Disposal of partner’s interests (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsections (1) and (2) apply for income years starting on and after 1 April 2008.

272 Disposal of trading stock (1) (2) Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, 3620 Reprinted as at 13 June 2013 Income Tax Act 2007 subsection (1) applies for income years starting on and after 1 April 2008.

273 Disposal of depreciable property (1) (2) Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

274 Disposal of ﬁnancial arrangements and certain excepted (1) (2) ﬁnancial arrangements Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

275 Disposal of short-term agreements for the sale and (1) (2) (3) (4) purchase of property or services Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (2) applies for income years starting on and after 1 April 2008.

276 Section HG 10 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2009–10 and later income years.

282 (1) (2) (3) (4) Investor membership requirement Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

3621 Income Tax Act 2007 Reprinted as at 13 June 2013 (5) (6) 284 (1) (2) (3) (4) (5) (6) (7) (8) Amendments incorporated in the principal Act.

Subsection (2) applies for the 2009–10 and later income years.

Investor interest size requirement Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (3), (5), and (7) apply for the 2009–10 and later income years.

288 Treatment of income from interest when entitlement conditional or lacking Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

(1) (2) 290 Credits received by portfolio tax rate entity or portfolio (1) (2) (3) (4) investor proxy Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (3) apply for the 2008–09 and later income years.

293 Transitional residents (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (5) apply for the 2008–09 and later income years.

3622 Reprinted as at 13 June 2013 Income Tax Act 2007 294 New heading and sections HR 9 and HR 10 added Amendments incorporated in the principal Act.

(1) Subsection (1) applies for the 2008–09 and later income years.
(2) 296 Restrictions relating to ring-fenced tax losses Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Amendments incorporated in the principal Act.

(5) Amendments incorporated in the principal Act.


(6) Subsection (1) applies–– (7) (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

(8) (9) Subsections (2) and (3) apply for the 2008–09 and later income years.
Subsection (4) applies for the 2010–11 and later income years.

297 Restrictions relating to schedular income (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (3) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

(5) Subsection (2) applies for the 2008–09 and later income years.
298 Common ownership: group of companies (1) Amendments incorporated in the principal Act.

3623 Income Tax Act 2007 Reprinted as at 13 June 2013 (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and 2009–10 income years.

Subsection (2) applies for the 2010–11 and later income years.

300 Pre-consolidation losses: use by group companies Amendments incorporated in the principal Act.
(1) Amendments incorporated in the principal Act.

(2) Subsection (1) applies for the 2008–09 and later income years.

(3) 301 When this subpart applies (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

302 Ring-fencing cap on attributed CFC net losses (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
Subsection (2) applies for the 2008–09 and later income years.

(4) 303 New section IQ 2B inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

304 Ring-fencing cap on FIF net losses (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.
305 Group companies using attributed CFC net losses Amendments incorporated in the principal Act.

(1) 3624 Reprinted as at 13 June 2013 Income Tax Act 2007 (2) Subsection (1) applies for all income years beginning on or after 1 July 2009.

306 Group companies using FIF net losses (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
307 Subpart IT replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

310 New section LA 8B inserted (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

311 Use of tax credits (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
314 Tax credits for families (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

3625 Income Tax Act 2007 Reprinted as at 13 June 2013 (5) Subsections (1) and (2) apply for the 2008–09 and later income years.

315 Tax credits related to personal service rehabilitation payments: providers Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

(1) (2) 316 Tax credits related to personal service rehabilitation payments: payers Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

(1) (2) 317 Tax credits for transitional circumstances (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
324 Tax credits for imputation credits (1) (2) (3) (4) (5) (6) (7) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

Subsection (3) applies for the 2010–11 and later income years.
325 Use of remaining credits by companies and trustees Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Amendments incorporated in the principal Act.


(5) Subsections (1) to (4) apply–– (6) (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new 3626 Reprinted as at 13 June 2013 Income Tax Act 2007 life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
326 New section LE 2B inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

327 Use of remaining credits by others (1) (2) (3) Amendments incorporated in the principal Act.


Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

330 Who this subpart applies to (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (4) apply for the 2008–09 and later income years.

331 Tax credits relating to expenditure on research and development Amendments incorporated in the principal Act.

(1) 3627 Income Tax Act 2007 Reprinted as at 13 June 2013 (2) Subsection (1) applies for the 2008–09 and later income years.
332 Requirements (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

333 Adjustments to eligible expenditure (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
334 New section LH 14B inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

335 What this subpart does (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

336 Tax credits for foreign income tax (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (3) apply for the 2008–09 and later income years.

Subsection (2) applies for the 2010–11 and later income years.

(7) 338 Calculation of New Zealand tax (1) (2) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


3628 Reprinted as at 13 June 2013 Income Tax Act 2007 (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (3) apply for the 2008–09 and later income years.

339 Section LJ 7 replaced by new sections LJ 7 and LJ 8 Amendments incorporated in the principal Act.

(1) Subsection (1) applies for the 2008–09 and later income years.
(2) 340 Tax credits relating to attributed CFC income (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) applies for all income years beginning on or after 1 July 2009.

Subsections (1) and (3) apply for the 2008–09 and later income years.
(7) 341 Calculation of amount of credit (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

342 New section LK 5B inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

343 Subpart LL repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
344 Use of remaining credits (1) Amendments incorporated in the principal Act.

3629 Income Tax Act 2007 Reprinted as at 13 June 2013 (2) Subsection (1) applies for the 2008–09 and later income years.

345 Continuity rules for carrying credits forward Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Subsection (1) applies for the 2008–09 and later income years.

(3) 346 Sections LQ 1 to LQ 4 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

349 Meaning of full-time earner for family scheme (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

352 Family scheme income of major shareholders in close companies Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

(1) (2) 354 Third requirement: residence (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

355 When person does not qualify (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

356 Continuing requirements (1) (2) Amendments incorporated in the principal Act.


3630 Reprinted as at 13 June 2013 Income Tax Act 2007 (3) (4) Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

357 Principal caregiver (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

358 Second requirement: principal care (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

359 Third requirement: residence (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

360 Fifth requirement: full-time earner (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (3) apply for the 2008–09 and later income years.
361 Calculation of in-work tax credit (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

363 Meaning of net family scheme income (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (3) apply for the 2008–09 and later income years.

364 Recovery of overpaid tax credit (1) Amendments incorporated in the principal Act.
3631 Income Tax Act 2007 Reprinted as at 13 June 2013 (2) Subsection (1) applies for the 2008–09 and later income years.

365 Section MF 6 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

368 When short payment and unpaid compulsory employer contributions found after tax credit used Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
(1) (2) 371 New section MZ 3 added (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

372 Memorandum accounts (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

373 Credits (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

3632 Reprinted as at 13 June 2013 Income Tax Act 2007 374 Debits (1) (2) (3) Amendments incorporated in the principal Act.


Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

375 Opening balances of memorandum accounts Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Subsection (1) applies–– (3) (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

377 Section OA 12 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

378 General rules for companies with imputation credit (1) (2) (3) (4) (5) (6) (7) accounts Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1), (2), and (4) apply for the 2008–09 and later income years.

3633 Income Tax Act 2007 Reprinted as at 13 June 2013 (8) Subsection (3) applies for the 2010–11 and later income years.

379 Australian companies with imputation credit accounts (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
380 New section OB 3B inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

ICA payment of tax Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsection (2) applies for the 2008–09 and later income years.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
ICA resident withholding tax withheld Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new 381 (1) (2) (3) (4) (5) 382 (1) (2) (3) 3634 Reprinted as at 13 June 2013 Income Tax Act 2007 life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
385 Section OB 11 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for dividends received in all income years beginning on or after 1 July 2009.

386 Section OB 17 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

387 (1) (2) 388 (1) (2) (3) (4) ICA transfer to master fund Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
ICA refund of income tax Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(5) Subsection (2) applies for the 2008–09 and later income years.

3635 389 (1) (2) (3) 390 (1) (2) (3) Income Tax Act 2007 Reprinted as at 13 June 2013 ICA amount applied to pay other taxes Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) applies for the 2008–09 and later income years.

ICA refund from tax pooling account Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for a tax position taken on or after 1 April 2008 except for a tax position taken by a company when— (a) the company has received a refund of the type referred to in section OB 34(1); and the refund is received in the company’s 2008–09 in- come year but before 2 July 2008; and the company has relied on section OB 34(4), as it was before the amendment made by this section, to deter- mine the date of the debit.
(b) (c) 392 New section OB 35B inserted (1) (2) Amendments incorporated in the principal Act.\ Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

393 (1) (2) (3) ICA refund of tax credit Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for the 2008–09 and later income years.

394 (1) ICA transfer for net foreign attributed income Amendments incorporated in the principal Act.

3636 Reprinted as at 13 June 2013 Income Tax Act 2007 (2) Subsection (1) applies for the 2008–09 and later income years.

395 Section OB 39 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
396 Section OB 47 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
397 (1) (2) 398 (1) (2) (3) (4) (5) ICA benchmark dividend rules Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

Imputation additional tax on leaving wholly-owned group Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (4) apply for the 2008–09 and later income years.
399 Table O1: imputation credits (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) applies for the 2009–10 and later income years.

3637 Income Tax Act 2007 Reprinted as at 13 June 2013 (7) (8) (9) Subsection (3) applies for all income years beginning on or after 1 July 2009.
Subsection (4) applies for the 2008–09 and later income years.

Subsection (5) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

400 Table O2: imputation debits (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (4) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(6) (7) Subsection (2) applies for the 2008–09 and later income years.

Subsection (3) applies for all income years beginning on or after 1 July 2009.

401 General rules for companies with FDP accounts (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2010–11 and later income years.

Subsection (2) applies for all income years beginning on or after 1 July 2009.
402 New section OC 2B inserted (1) Amendments incorporated in the principal Act.

3638 Reprinted as at 13 June 2013 Income Tax Act 2007 (2) Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
403 When company chooses to stop being FDPA company (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

404 When company emigrates (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

405 Section OC 6 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for dividends received in all income years beginning on or after 1 July 2009.

406 Section OC 8 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

407 Section OC 9 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

408 Section OC 10 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

3639 Income Tax Act 2007 Reprinted as at 13 June 2013 409 FDPA refund of tax credit (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

410 Section OC 20 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

411 Section OC 23 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

413 Payment of further FDP for closing debit balance Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Subsections (1) to (3) apply for all income years beginning on (5) or after 1 July 2009.

414 Payment of further FDP when company no longer New Zealand resident Amendments incorporated in the principal Act.

(1) 3640 Reprinted as at 13 June 2013 Income Tax Act 2007 (2) (3) (4) (5) Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsections (1) to (3) apply for all income years beginning on or after 1 July 2009.

415 Reduction of further FDP (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for all income years beginning on or after 1 July 2009.
416 Section OC 33 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

417 Section OC 34 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

418 Heading and sections OC 35 to OC 39 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

419 Table O3: FDP credits (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
3641 Income Tax Act 2007 Reprinted as at 13 June 2013 420 Table O4: FDP debits (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
Subsection (2) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

421 General rules for companies with CTR accounts Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Subsection (1) applies for the 2008–09 and later tax years.

(3) Subsection (2) applies for all income years beginning on or (4) after 1 July 2009.

422 Choosing to become CTR company (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later tax years.

423 When company stops being CTR company (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

424 Section OD 5 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

425 Section OD 8 repealed (1) Amendments incorporated in the principal Act.

3642 Reprinted as at 13 June 2013 Income Tax Act 2007 (2) Subsection (1) applies for all income years beginning on or after 1 July 2009.
426 Section OD 11 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

427 CTRA increase in resident shareholding (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later tax years.

428 Section OD 23 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
429 Section OD 24 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

430 Table O5: conduit tax relief credits (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

431 Table O6: conduit tax relief debits (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for the 2008–09 and later tax years.

Subsection (2) applies for all income years beginning on or after 1 July 2009.

432 Branch equivalent tax accounts of companies Amendments incorporated in the principal Act.

(1) 3643 Income Tax Act 2007 Reprinted as at 13 June 2013 (2) Subsection (1) applies for all income years beginning on or after 1 July 2009.
433 Heading and sections OE 12 and OE 13 repealed Amendments incorporated in the principal Act.

(1) Subsection (1) applies for dividends received in all income (2) years beginning on or after 1 July 2009.

434 Sections OE 14 to OE 16 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

435 New heading and section OE 16B inserted (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

436 Table O7: branch equivalent tax credits (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

437 Table O8 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

439 Subpart OJ repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

3644 Reprinted as at 13 June 2013 Income Tax Act 2007 440 MACA payment of tax (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

441 MACA refund of income tax (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

442 MACA payment of other taxes (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

443 New section OK 14B inserted (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

444 Table O18: Maori authority debits (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

445 When credits and debits arise only in consolidated (1) (2) (3) (4) (5) imputation group accounts Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for all income years beginning on or after 1 July 2009.

Subsections (2) and (3) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
446 Provisions applying to consolidated imputation groups (1) Amendments incorporated in the principal Act.

3645 Income Tax Act 2007 Reprinted as at 13 June 2013 (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

447 Consolidated ICA payment of tax (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

(5) Subsection (2) applies for the 2008–09 and later income years.
448 Section OP 14 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

449 Consolidated ICA resident withholding tax withheld Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Subsection (1) applies–– (3) (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

450 Section OP 20 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– 3646 Reprinted as at 13 June 2013 Income Tax Act 2007 (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

451 Section OP 21 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

452 Consolidated ICA refund of income tax (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsections (1) and (2) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(6) Subsection (3) applies for the 2008–09 and later income years.

453 Consolidated ICA amount applied to pay other taxes (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

454 New section OP 33B inserted (1) Amendments incorporated in the principal Act.
3647 Income Tax Act 2007 Reprinted as at 13 June 2013 (2) Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

455 Consolidated ICA refund of tax credit (1) (2) (3) (4) Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

456 Section OP 38 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

457 Consolidated ICA transfer to policyholder credit account (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for the 2008–09 and later income years.

458 Section OP 44 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

3648 Reprinted as at 13 June 2013 Income Tax Act 2007 459 Table O19: imputation credits of consolidated imputation (1) (2) (3) (4) groups Amendments incorporated in the principal Act.


Subsection (1) applies for all income years beginning on or after 1 July 2009.

Subsection (2) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
460 Table O20: imputation debits of consolidated imputation (1) (2) (3) (4) (5) (6) groups Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (5) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

(7) (8) Subsections (2) and (4) apply for the 2008–09 and later income years.
Subsection (3) applies for all income years beginning on or after 1 July 2009.

461 When credits and debits arise only in consolidated FDP group accounts Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

(1) (2) 3649 Income Tax Act 2007 Reprinted as at 13 June 2013 (3) (4) Subsection (1) applies for all income years beginning on or after 1 July 2009.
Subsection (2) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

462 Section OP 56 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
463 Section OP 57 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

464 Section OP 61 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

465 Section OP 62 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
466 Consolidated FDPA refund of tax credit (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

3650 Reprinted as at 13 June 2013 Income Tax Act 2007 467 Section OP 74 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

468 Table O21: FDP credits of consolidated FDP groups Amendments incorporated in the principal Act.

(1) Subsection (1) applies for all income years beginning on or (2) after 1 July 2009.
(4) 469 Table O22: FDP debits of consolidated FDP groups Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Subsection (1) applies for all income years beginning on or (3) after 1 July 2009.
Subsection (2) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

470 CTR accounts of consolidated groups (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
471 When credits and debits arise only in CTR group accounts (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

3651 Income Tax Act 2007 Reprinted as at 13 June 2013 472 Section OP 81 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

473 Section OP 82 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

474 Section OP 88 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

475 Section OP 95 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
476 Table O23: conduit tax relief credits of consolidated (1) (2) groups Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

477 Table O24: conduit tax relief debits of consolidated (1) (2) groups Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

478 Section OP 99 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

3652 Reprinted as at 13 June 2013 Income Tax Act 2007 479 Heading and sections OP 105 to OP 108 repealed Amendments incorporated in the principal Act.

(1) Subsection (1) applies for all income years beginning on or (2) after 1 July 2009.

480 New heading and section OP 108B inserted Amendments incorporated in the principal Act.

(1) Subsection (1) applies for all income years beginning on or (2) after 1 July 2009.
481 Table O25: branch equivalent tax credits of consolidated (1) (2) BETA groups Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

482 Table O26 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

483 Headings and sections OP 109 to OP 116 repealed Amendments incorporated in the principal Act.
(1) Subsection (1) applies–– (2) (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

484 Tables O27 and O28 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for 3653 Income Tax Act 2007 Reprinted as at 13 June 2013 the tax year corresponding to the ﬁrst relevant income year.

485 ASCA lost excess available subscribed capital (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

486 Modifying ratios for imputation credits and FDP credits (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

488 What this Part does (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
489 Tax obligations for employment-related taxes Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Subsections (1) to (3) apply for the 2008–09 and later income (5) years.

490 Withholding and payment obligations for passive income (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for all income years beginning on or after 1 July 2009.

Subsection (2) applies for the 2008–09 and later income years.

(5) 491 When obligations not met (1) Amendments incorporated in the principal Act.

3654 Reprinted as at 13 June 2013 Income Tax Act 2007 (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for the 2008–09 and later income years.

Subsection (2) applies for all income years beginning on or after 1 July 2009.

492 Payment dates for interim and other tax payments Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.


(4) Subsection (1) applies for the 2008–09 and later income years.

(5) However, subsection (1) does not apply to a person in relation to a tax position taken by the person— (a) in the period from 1 April 2008 to the date of Royal assent of this Act; and in relation to the payment of FDP; and relying upon section RA 15(2) prior to the amendment made by subsection (1).
(b) (c) (6) Subsection (3) applies for all income years beginning on or after 1 July 2009.

493 Amalgamation of companies (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

494 Regulations (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
495 Application of other provisions for purposes of ESCT rules and NRWT rules Amendments incorporated in the principal Act.

(1) 3655 Income Tax Act 2007 Reprinted as at 13 June 2013 (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

496 Payment of terminal tax (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
497 Schedular income tax liability for ﬁling taxpayers for non-resident passive income Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

(1) (2) 500 Attribution rule for income from personal services Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Subsection (1) applies for the 2008–09 and later income years.
(3) 503 PAYE income payments (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (2) and (3) apply for the 2008–09 and later income years.
However, subsections (2) and (3) do not apply to a person in relation to a tax position taken by the person— (a) in the period from 1 April 2008 to the date of Royal assent of this Act; and relating to the treatment of an amount of income; and relying upon section RD 3(3) and (4) as they were prior to the amendment made by subsections (2) and (3).

(b) (c) 504 Salary or wages (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

3656 Reprinted as at 13 June 2013 Income Tax Act 2007 (6) (7) (8) (9) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1), (2), and (6) apply for the 2008–09 and later income years.
(10) Subsections (3) and (4) apply for the 2008–09 and later income years.

507 Reduction in certain circumstances (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

508 Multiple payments of salary or wages (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for the 2009–10 and later income years.

509 Advance payments of salary or wages (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

511 Payments of extra pay with other PAYE income payments (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
512 Schedular payments without notiﬁcation (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

514 PAYE income payment forms for amounts of tax paid to Commissioner Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

(1) (2) (3) 3657 Income Tax Act 2007 Reprinted as at 13 June 2013 Amendments incorporated in the principal Act.
(4) Amendments incorporated in the principal Act.

(5) Amendments incorporated in the principal Act.

(6) Amendments incorporated in the principal Act.

(7) Amendments incorporated in the principal Act.

(8) (9) Amendments incorporated in the principal Act.

(10) Amendments incorporated in the principal Act.

(11) Subsections (4) and (7) apply for the 2008–09 and later income years.

517 Close company option (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (3) apply for the 2008–09 and later income years.

518 Small business option (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (3) apply for the 2008–09 and later income years.

519 Employer’s superannuation contributions (1) (2) (3) (4) (5) (6) (7) (8) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


3658 Reprinted as at 13 June 2013 Income Tax Act 2007 Amendments incorporated in the principal Act.

(9) (10) Amendments incorporated in the principal Act.

(11) Amendments incorporated in the principal Act.

(12) Amendments incorporated in the principal Act.

(13) Subsections (1) to (6) and (8) to (11) apply for the 2008–09 and later income years.
520 Calculating amounts of tax for employer’s superannuation (1) (2) (3) (4) (5) contributions Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (3) apply for the 2008–09 and later income years.

521 Choosing to have amount treated as salary or wages Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Subsections (1) to (3) apply for the 2008–09 and later income (5) years.

522 Choosing different rates for employer’s superannuation (1) (2) (3) (4) contributions Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for the 2008–09 and later income years.

523 Calculating amounts on failure to withhold Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Subsection (1) applies for the 2008–09 and later income years.
(3) 3659 Income Tax Act 2007 Reprinted as at 13 June 2013 524 Amounts of tax treated as paid to and received by (1) (2) (3) (4) superannuation funds Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

525 Resident passive income (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for the 2008–09 and later income years.
However, subsections (1) and (2) do not apply to a person in relation to a tax position taken by the person— (a) in the period from 1 April 2008 to 3 December 2008; and in relation to the payment of an amount of resident pas- sive income to a non-resident engaged in business in New Zealand; and relying upon section RE 2 as it was prior to the amend- ment made by subsections (1) and (2).

(b) (c) 526 Obligation to withhold RWT (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

527 Persons who have withholding obligations (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

528 Agents’ or trustees’ obligations in relation to certain dividends Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


(1) (2) 3660 Reprinted as at 13 June 2013 Income Tax Act 2007 (3) Subsection (1) applies for all income years beginning on or after 1 July 2009.

529 Notiﬁcation by companies (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

530 (1) (2) Interest Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
531 Non-resident passive income (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

Subsection (4) applies for the 2008–09 and later income years.
However, subsection (4) does not apply to a person in relation to a tax position taken by the person— (a) (7) in the period from 1 April 2008 to 3 December 2008; and in relation to a payment of non-resident passive income; and relying on section RF 2(5) as it was prior to the amend- ment made by subsection (4).

(b) (c) (8) Subsection (3) applies for the 2010–11 and later income years.

533 When dividends fully imputed or fully credited (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

534 Non-cash dividends (1) (2) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

3661 Income Tax Act 2007 Reprinted as at 13 June 2013 (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (3) apply for the 2008–09 and later income years.
536 Section RF 12 replaced by sections RF 12 to RF 12C Amendments incorporated in the principal Act.

(1) Subsection (1) applies for the 2008–09 and later income years.

(2) 537 Credit balance in branch equivalent tax account Amendments incorporated in the principal Act.

(1) Subsection (1) applies for the 2008–09 and later income years.

(2) 538 Using loss balances (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
539 Reduction of payments for conduit tax relief Amendments incorporated in the principal Act.

(1) Subsection (1) applies for the 2008–09 and later income years.

(2) 540 Subpart RG repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

543 Using refund to satisfy tax liability (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

544 Operation of PAYE intermediaries’ trust accounts Amendments incorporated in the principal Act.

(1) 3662 Reprinted as at 13 June 2013 Income Tax Act 2007 (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) to (3) apply for the 2008–09 and later income years.

545 General responsibility of employers (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

547 Employer’s superannuation contributions (1) (2) (3) (4) Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

548 General responsibilities of PAYE intermediaries (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

554 Standard method: 2008–09 and 2009–10 income years (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

555 GST ratio method: 2008–09 and 2009–10 income years (1) (2) This section amends section YA 1.

Subsection (1) applies for the 2008–09 and later income years.

557 Deﬁnitions (1) (2) (3) (4) This section amends section YA 1.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


3663 Income Tax Act 2007 Reprinted as at 13 June 2013 Amendments incorporated in the principal Act.

(5) Amendments incorporated in the principal Act.

(6) Amendments incorporated in the principal Act.

(7) Amendments incorporated in the principal Act.

(8) (9) Amendments incorporated in the principal Act.

(10) Amendments incorporated in the principal Act.

(11) Amendments incorporated in the principal Act.

(12) Amendments incorporated in the principal Act.


(13) Amendments incorporated in the principal Act.

(14) Amendments incorporated in the principal Act.

(15) Amendments incorporated in the principal Act.

(16) Amendments incorporated in the principal Act.

(17) Amendments incorporated in the principal Act.

(18) Amendments incorporated in the principal Act.

(19) Amendments incorporated in the principal Act.

(20) Amendments incorporated in the principal Act.


(21) Amendments incorporated in the principal Act.

(22) Amendments incorporated in the principal Act.

(23) Amendments incorporated in the principal Act.

(24) Amendments incorporated in the principal Act.

(25) Amendments incorporated in the principal Act.

(26) Amendments incorporated in the principal Act.

(27) Amendments incorporated in the principal Act.

(28) Amendments incorporated in the principal Act.


(29) Amendments incorporated in the principal Act.

(30) Amendments incorporated in the principal Act.

(31) Amendments incorporated in the principal Act.

(32) Amendments incorporated in the principal Act.

(33) Amendments incorporated in the principal Act.

(34) Amendments incorporated in the principal Act.

(35) Amendments incorporated in the principal Act.

(36) Amendments incorporated in the principal Act.


(37) Amendments incorporated in the principal Act.

(38) Amendments incorporated in the principal Act.

3664 Reprinted as at 13 June 2013 Income Tax Act 2007 (39) Amendments incorporated in the principal Act.

(40) Amendments incorporated in the principal Act.

(41) Amendments incorporated in the principal Act.

(42) Amendments incorporated in the principal Act.

(43) Amendments incorporated in the principal Act.


(44) Amendments incorporated in the principal Act.

(45) Amendments incorporated in the principal Act.

(46) Amendments incorporated in the principal Act.

(47) Amendments incorporated in the principal Act.

(48) Amendments incorporated in the principal Act.

(49) Amendments incorporated in the principal Act.

(50) Amendments incorporated in the principal Act.

(51) Amendments incorporated in the principal Act.


(52) Amendments incorporated in the principal Act.

(53) Amendments incorporated in the principal Act.

(54) Amendments incorporated in the principal Act.

(55) Amendments incorporated in the principal Act.

(56) Amendments incorporated in the principal Act.

(57) Amendments incorporated in the principal Act.

(58) Amendments incorporated in the principal Act.

(59) Amendments incorporated in the principal Act.


(60) Amendments incorporated in the principal Act.

(61) Amendments incorporated in the principal Act.

(62) Amendments incorporated in the principal Act.

(63) Amendments incorporated in the principal Act.

(64) Amendments incorporated in the principal Act.

(65) Amendments incorporated in the principal Act.

(66) Amendments incorporated in the principal Act.

(67) Amendments incorporated in the principal Act.


(68) Amendments incorporated in the principal Act.

(69) Amendments incorporated in the principal Act.

(70) Amendments incorporated in the principal Act.

(71) Amendments incorporated in the principal Act.

(72) Amendments incorporated in the principal Act.

3665 Income Tax Act 2007 Reprinted as at 13 June 2013 (73) Amendments incorporated in the principal Act.

(74) Amendments incorporated in the principal Act.


(75) Amendments incorporated in the principal Act.

(76) Amendments incorporated in the principal Act.

(77) Amendments incorporated in the principal Act.

(78) Amendments incorporated in the principal Act.

(79) Amendments incorporated in the principal Act.

(80) Amendments incorporated in the principal Act.

(81) Amendments incorporated in the principal Act.

(82) Amendments incorporated in the principal Act.


(83) Amendments incorporated in the principal Act.

(84) Amendments incorporated in the principal Act.

(85) Amendments incorporated in the principal Act.

(86) Amendments incorporated in the principal Act.

(87) Amendments incorporated in the principal Act.

(88) Amendments incorporated in the principal Act.

(89) Amendments incorporated in the principal Act.

(90) Amendments incorporated in the principal Act.


(91) Amendments incorporated in the principal Act.

(92) Amendments incorporated in the principal Act.

(93) Amendments incorporated in the principal Act.

(94) Amendments incorporated in the principal Act.

(95) Amendments incorporated in the principal Act.

(96) Amendments incorporated in the principal Act.

(97) Amendments incorporated in the principal Act.

(98) Amendments incorporated in the principal Act.


(99) Amendments incorporated in the principal Act.

(100) Amendments incorporated in the principal Act.

(101) Amendments incorporated in the principal Act.

(102) Amendments incorporated in the principal Act.

(103) Amendments incorporated in the principal Act.

(104) Amendments incorporated in the principal Act.

(105) Amendments incorporated in the principal Act.

(106) Amendments incorporated in the principal Act.
3666 Reprinted as at 13 June 2013 Income Tax Act 2007 (107) Amendments incorporated in the principal Act.

(108) Amendments incorporated in the principal Act.

(109) Amendments incorporated in the principal Act.

(110) Amendments incorporated in the principal Act.

(111) Amendments incorporated in the principal Act.

(112) Amendments incorporated in the principal Act.

(113) Amendments incorporated in the principal Act.

(114) Amendments incorporated in the principal Act.
(115) Amendments incorporated in the principal Act.

(116) Amendments incorporated in the principal Act.

(117) Amendments incorporated in the principal Act.

(118) Amendments incorporated in the principal Act.

(119) Amendments incorporated in the principal Act.

(120) Amendments incorporated in the principal Act.

(121) Amendments incorporated in the principal Act.

(122) Amendments incorporated in the principal Act.

(123) Amendments incorporated in the principal Act.
(124) Amendments incorporated in the principal Act.

(125) Amendments incorporated in the principal Act.

(126) Amendments incorporated in the principal Act.

(127) Amendments incorporated in the principal Act.

(128) Amendments incorporated in the principal Act.

(129) Amendments incorporated in the principal Act.

(130) Amendments incorporated in the principal Act.

(131) Amendments incorporated in the principal Act.

(132) Amendments incorporated in the principal Act.
(133) Amendments incorporated in the principal Act.

(134) Amendments incorporated in the principal Act.

(135) Amendments incorporated in the principal Act.

(136) Amendments incorporated in the principal Act.

(137) Amendments incorporated in the principal Act.

(138) Amendments incorporated in the principal Act.

(139) Amendments incorporated in the principal Act.

(140) Amendments incorporated in the principal Act.
3667 Income Tax Act 2007 Reprinted as at 13 June 2013 (141) Amendments incorporated in the principal Act.

(142) Amendments incorporated in the principal Act.

(143) Amendments incorporated in the principal Act.

(144) Amendments incorporated in the principal Act.

(145) Amendments incorporated in the principal Act.

(146) Amendments incorporated in the principal Act.

(147) Amendments incorporated in the principal Act.

(148) Amendments incorporated in the principal Act.
(149) Amendments incorporated in the principal Act.

(150) Amendments incorporated in the principal Act.

(151) Amendments incorporated in the principal Act.

(152) Amendments incorporated in the principal Act.

(153) Amendments incorporated in the principal Act.

(154) Amendments incorporated in the principal Act.

(155) Amendments incorporated in the principal Act.

(156) Amendments incorporated in the principal Act.

(157) Amendments incorporated in the principal Act.
(158) Amendments incorporated in the principal Act.

(159) Amendments incorporated in the principal Act.

(160) Amendments incorporated in the principal Act.

(161) Amendments incorporated in the principal Act.

(162) Amendments incorporated in the principal Act.

(163) Amendments incorporated in the principal Act.

(164) Amendments incorporated in the principal Act.

(165) Amendments incorporated in the principal Act.

(166) Amendments incorporated in the principal Act.
(167) Amendments incorporated in the principal Act.

(168) Amendments incorporated in the principal Act.

(169) Amendments incorporated in the principal Act.

(170) Amendments incorporated in the principal Act.

(171) Amendments incorporated in the principal Act.

(172) Amendments incorporated in the principal Act.

(173) Amendments incorporated in the principal Act.

(174) Amendments incorporated in the principal Act.
3668 Reprinted as at 13 June 2013 Income Tax Act 2007 (175) Amendments incorporated in the principal Act.

(176) Amendments incorporated in the principal Act.

(177) Amendments incorporated in the principal Act.

(178) Amendments incorporated in the principal Act.

(179) Amendments incorporated in the principal Act.

(180) Amendments incorporated in the principal Act.

(181) Amendments incorporated in the principal Act.

(182) Amendments incorporated in the principal Act.
(183) Amendments incorporated in the principal Act.

(184) Amendments incorporated in the principal Act.

(185) Amendments incorporated in the principal Act.

(186) Amendments incorporated in the principal Act.

(187) Amendments incorporated in the principal Act.

(188) Amendments incorporated in the principal Act.

(189) Amendments incorporated in the principal Act.

(190) Amendments incorporated in the principal Act.

(191) Amendments incorporated in the principal Act.
(192) Amendments incorporated in the principal Act.

(193) Amendments incorporated in the principal Act.

(194) Amendments incorporated in the principal Act.

(195) Amendments incorporated in the principal Act.

(196) Amendments incorporated in the principal Act.

(197) Amendments incorporated in the principal Act.

(198) Amendments incorporated in the principal Act.

(199) Amendments incorporated in the principal Act.

(200) Amendments incorporated in the principal Act.
(201) Amendments incorporated in the principal Act.

(202) Amendments incorporated in the principal Act.

(203) Amendments incorporated in the principal Act.

(204) Amendments incorporated in the principal Act.

(205) Amendments incorporated in the principal Act.

(206) Amendments incorporated in the principal Act.

(207) Amendments incorporated in the principal Act.

(208) Amendments incorporated in the principal Act.
3669 Income Tax Act 2007 Reprinted as at 13 June 2013 (209) Amendments incorporated in the principal Act.

(210) Amendments incorporated in the principal Act.

(211) Amendments incorporated in the principal Act.

(212) Amendments incorporated in the principal Act.

(213) Amendments incorporated in the principal Act.

(214) Amendments incorporated in the principal Act.

(215) Amendments incorporated in the principal Act.

(216) Amendments incorporated in the principal Act.
(217) Amendments incorporated in the principal Act.

(218) Amendments incorporated in the principal Act.

(219) Amendments incorporated in the principal Act.

(220) Amendments incorporated in the principal Act.

(221) Amendments incorporated in the principal Act.

(222) Amendments incorporated in the principal Act.

(223) Amendments incorporated in the principal Act.
(224) Subsections (7) and (141) apply— (a) (b) (ii) (ii) for an insurer who uses IFRS 4,–– (i) for the 2009–10 and later income years, unless subparagraph (ii) applies: for the ﬁrst income year for which an insurer adopts IFRSs for the purposes of ﬁnancial report- ing and later income years, if that ﬁrst income year is before the 2009–10 income year and the person chooses to use IFRS 4 in a return of in- come for that ﬁrst year: for a life insurer,–– (i) on and after 1 July 2010, unless subparagraph (ii) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(225) Subsections (5), (10), (29), (36), (42), (51), (54), (55), (57), (58), (59), (62), (68), (84), (88), (99), (109), (119), (130), (134), (144), (145), (146), (184), (187), (193), (195), (198), 3670 Reprinted as at 13 June 2013 Income Tax Act 2007 (199), (214), and (217) apply for the 2008–09 and later in- come years.
(226) Subsections (6), (12), (20), (27), (33), (35), (46), (56), (65), (67), (72), (87), (90), (112), (113), (120), (122), (124), (151), (152), (153), (161), (162), (163), (168), (169), (172), (178), (189), (190), (194), (201), (205), (207), (218), and (219) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(227) Subsections (2), (3), (4), (13), (15), (31), (44), (91), (100), (107), (115), (179), (180), and (196) apply, for the purposes of— (a) (b) (c) for the provisions other than the land provisions, 2010–11 and later income years: the land provisions other than section CB 11, for land acquired on or after the date on which this Act receives the Royal assent: section CB 11, for land on which improvements are be- gun on or after the date on which this Act receives the Royal assent.
(228) Subsections (50) and (52) apply for the 2008–09 and later in- come years.

However, subsections (50) and (52) do not apply to a person in relation to a tax position taken by the person— in the period from 1 April 2008 to 3 December 2008; (a) and in relation to the rate of tax applying to a schedular payment; and relying on the deﬁnition of employee or employer, as applicable, as the deﬁnition was before the amendment made by subsections (50) and (52).
(b) (c) (229) Subsections (8), (9), (11), (14), (16), (22), (23), (30), (34), (38), (40), (41), (43), (61), (70), (71), (74), (75), (77), (78), (79), (80), (89), (94), (96), (104), (117), (123), (128), (129), (182), (183), (185), (203), (208), (211), (212), (213), (215), 3671 Income Tax Act 2007 Reprinted as at 13 June 2013 and (216) apply for all income years beginning on or after 1 July 2009.

558 Meaning of income tax varied (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

563 Table, heading, and sections YB 1 to YB 20 replaced Amendments incorporated in the principal Act.
(1) Subsection (1) applies, for the purposes of— (2) (a) (b) (c) for the provisions other than the land provisions, 2010–11 and later income years: the land provisions other than section CB 11, for land acquired on or after the date on which this Act receives the Royal assent: section CB 11, for land on which improvements are be- gun on or after the date on which this Act receives the Royal assent.

568 Disregarding certain securities (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

571 Residence of natural persons (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) applies for the 2009–10 and later income years.

572 Country of residence of foreign companies (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

576 New section YZ 2 inserted (1) Amendments incorporated in the principal Act.

3672 Reprinted as at 13 June 2013 Income Tax Act 2007 (2) Subsection (1) applies for the 2008–09 and later income years.

577 Schedule 1—Basic tax rates: income tax, ESCT, RSCT, (1) (2) (3) RWT, and attributed fringe beneﬁts Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies— (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

579 Schedule 4—Rates of tax for schedular payments Amendments incorporated in the principal Act.
(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Amendments incorporated in the principal Act.

(5) Amendments incorporated in the principal Act.

(6) Amendments incorporated in the principal Act.

(7) Subsections (3) to (7) apply for the 2008–09 and later income (8) years.

580 Schedule 5—Fringe beneﬁt values for motor vehicles Amendments incorporated in the principal Act.
(1) Subsection (1) applies for the 2008–09 and later income years.

(2) 581 Schedule 13—Depreciable land improvements (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

3673 Income Tax Act 2007 Reprinted as at 13 June 2013 582 Schedule 20—Expenditure on farming, horticultural, (1) (2) (3) aquacultural, and forestry improvements Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for the 2008–09 and later income years.

583 Schedule 21—Expenditure and activities related to (1) (2) (3) research and development Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

585 Schedule 25—Foreign investment funds (1) (2) (3) Amendments incorporated in the principal Act.


Subsection (2) applies for the 2008–09 and later income years.

589 Schedule 32—Recipients of charitable or other public (1) (2) (3) beneﬁt gifts Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.
3674 Reprinted as at 13 June 2013 Income Tax Act 2007 Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 Public Act Date of assent Commencement 2009 No 63 7 December 2009 see section 2 1 Title This Act is the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009.

(2) (5) 2 (1) (3) (4) Commencement This Act comes into force on the day after the date on which it receives the Royal assent, except as provided in this section.
Sections 102 and 118(20) come into force on the day that the New Zealand Superannuation and Retirement Income Amend- ment Act 2009 comes into force.

Section 164 is treated as coming into force on 1 April 1995.

Sections 149, 150, 151, 152, 153, 155, 157, 158, 160, 161, 162(2), (5), (6), (7), (8), and (9), and 163, and schedule 2, rows 1, and 3 to 13 are treated as coming into force on 1 April 2005.

Sections 146 and 162(3) are treated as coming into force on 1 July 2007.
Section 159 and schedule 2, row 2 are treated as coming into force on 1 October 2007.

Section 154 is treated as coming into force on 19 December 2007.

Section 162(4) is treated as coming into force on 25 February 2008.

Section 156 is treated as coming into force on 4 March 2008.
(9) (10) Sections 80(1), 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 99, 100, 101, 104(1), 105, 106, 107, 110, 111, 112, 113, 116, 117, 118(2), (3), (4), (7) (8) (6) 3675 Income Tax Act 2007 Reprinted as at 13 June 2013 (7), (8), (9), (10), (11), (12), (13), (14), (15), (16), (17), (24), (26), (27), (29), (31), (32), and (33), 121, 122(1), 123(1), 125, 126, 135, 139, and schedule 1, rows 2 to 17, 20, 22, 23, and 27 to 44 are treated as coming into force on 1 April 2008.
(11) Sections 19, 30, 43, and schedule 1, row 21 are treated as com- ing into force on 1 April 2009.

(12) Sections 23, 24, 25, 27, 28, and schedule 1, row 18 are treated as coming into force on 30 June 2009.

(13) Sections 147 and 165 are treated as coming into force on 1 July 2009.

(14) Sections 166 and 167 are treated as coming into force on 7 October 2009.

(15) Sections 74, 75, and 76 come into force on 7 January 2010.
(16) Sections 78(1), 114, 115, 118(21), and schedule 1, row 35 come into force on 1 February 2010.

(17) Sections 8, 9, 21, 22, 39, 46, 47, 48, 49, 50, 51, 52, 83, 103, 104(2), 108, 109, 118(5), (18), (22), (23), (25), and (36), 120, 122(2), (4), (5), and (6), 123(2) and (3), 124, 130, 131, 132, 133, and 134(1), (2), (3), (4), (5), (6), and (7), and schedule 1, rows 24 to 26 come into force on 1 April 2010.
(18) Sections 32, 33, 34, 35, 36, 37, 38, 118(6), (19), (28), and (34), and schedule 1, row 19 come into force on 1 July 2010.

(19) Sections 77, 78(2), (3), and (5), 118(35), 119, 122(3), and schedule 1, row 37 comes into force on 1 April 2011.

(20) Sections 73, 78(4) and (6), 79, 80(2), 81, 82, 118(30) and (40), and schedule 1, row 36 come into force on 1 April 2013.

Part 1 Amendments to Income Tax Act 2007 11 (1) (2) (3) Research or development Amendment(s) incorporated in the Act(s).


Subsections (1) and (2) apply for the 2008–09 and later income years.

3676 Reprinted as at 13 June 2013 Income Tax Act 2007 14 (1) (2) 15 (1) (2) 16 (1) (2) Cost of acquiring timber or right to take timber: other cases Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

Section DP 11 replaced Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
Acquiring ﬁlm rights Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

17 Mining exploration expenditure or mining development expenditure on acquisition of asset Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

(1) (2) 18 Meaning of income from forestry (1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
19 (1) (2) 23 (1) (2) (3) (4) 24 (1) (2) Determination alternatives Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2009–10 and later income years.

Attributable CFC amount Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) to (3) apply for all income years beginning on or after 1 July 2009.

Net attributable CFC income or loss Amendment(s) incorporated in the Act(s).
Subsection (1) applies for all income years beginning on or after 1 July 2009.

3677 Income Tax Act 2007 Reprinted as at 13 June 2013 Adjustment of fraction for excessively debt funded CFC Amendment(s) incorporated in the Act(s).

Subsection (1) applies for all income years beginning on or after 1 July 2009.

Attributable CFC amount and net attributable CFC income or loss Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
Non-attributing active CFC: default test Amendment(s) incorporated in the Act(s).

Subsection (1) applies for all income years beginning on or after 1 July 2009.

Non-attributing active CFC: test based on accounting standard Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) to (3) apply for all income years beginning on or after 1 July 2009.
Exemption for Australian unit trusts with adequate turnover or distributions Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

Accounting proﬁts method Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
However, subsection (1) does not apply to a person in relation to a tax position taken by the person in a return of income ﬁled before the date of Royal assent of this Act in relation to the calculation of an income interest in a FIF, relying on section EX 49(6) before the amendment made by this section.
25 (1) (2) 26 (1) (2) 27 (1) (2) 28 (1) (2) (3) (4) 29 (1) (2) 31 (1) (2) 3678 Reprinted as at 13 June 2013 Income Tax Act 2007 33 (1) (2) (3) (4) (5) 34 (1) (2) 36 (1) (2) (3) (4) Policyholder base income: proﬁt participation policies Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsections (1) to (4) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
Policyholder base allowable deductions: proﬁt participation policies Amendment(s) incorporated in the Act(s).

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
Shareholder base income: proﬁt participation policies Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsections (1) to (3) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009in a return of income for the tax year corresponding to the ﬁrst relevant income year.
3679 Income Tax Act 2007 Reprinted as at 13 June 2013 37 (1) (2) Shareholder base allowable deductions: proﬁt participation policies Amendment(s) incorporated in the Act(s).
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.

38 Transitional adjustments: life risk (1) Amendment(s) incorporated in the Act(s).
(2) Amendment(s) incorporated in the Act(s).

(3) Amendment(s) incorporated in the Act(s).

(4) Amendment(s) incorporated in the Act(s).

(5) Amendment(s) incorporated in the Act(s).

(6) Amendment(s) incorporated in the Act(s).

(7) Amendment(s) incorporated in the Act(s).

(8) Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

(9) (10) Amendment(s) incorporated in the Act(s).

(11) Amendment(s) incorporated in the Act(s).


(12) Subsections (1) to (11) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
41 (1) (2) Attribution rule for income from personal services Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

3680 Reprinted as at 13 June 2013 Income Tax Act 2007 43 (1) (2) (3) (4) Beneﬁciary income Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) to (3) apply for income years corresponding to the 2009–10 and later tax years.

44 Who is a settlor?


(1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
However, subsection (1) does not apply to a person in relation to a tax position taken by the person— (a) (b) (c) in the period that starts on the ﬁrst day of the 2008–09 income year and ends on the date of Royal assent of this Act; and in relation to a payment to an employee share purchase agreement in consideration of a valid salary sacriﬁce made by the employee; and relying upon paragraph (a)(i) of the deﬁnition of settlor in the Income Tax Act 2004, that the term settlor in the trust rules, and in the deﬁnitions of corpus, foreign trust, and settlement, for a trust other than a unit trust, means a person who makes, or has made at any time, a disposition of property to or for the beneﬁt of the trust or on terms of the trust for less than market value.
45 (1) (2) 54 (1) (2) (3) (4) (5) Unlisted company choosing to become portfolio listed company Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

Tax losses Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


3681 Income Tax Act 2007 Reprinted as at 13 June 2013 Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

(6) (7) (8) (9) (10) Subsections (1) to (9) apply for the 2008–09 and later income years.

Using tax losses in tax year Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsections (1) and (2) apply for the 2008–09 and later income years.

Using loss balances carried forward to tax year Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.

Restrictions on companies’ loss balances carried forward Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsections (1) to (3) apply for the 2008–09 and later income years.

Restrictions on companies grouping tax losses Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

Restrictions relating to ring-fenced losses Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) to (3) apply for the 2008–09 and later income years.
55 (1) (2) (3) 56 (1) (2) (3) 57 (1) (2) (3) (4) 58 (1) (2) 59 (1) (2) (3) (4) 3682 Reprinted as at 13 June 2013 Income Tax Act 2007 60 (1) (2) 61 (1) (2) 62 (1) (2) (3) (4) 63 (1) (2) (3) 64 (1) (2) (3) (4) (5) 65 (1) (2) General treatment Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

New section IQ 1B inserted Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
Ring-fencing cap on attributed CFC net losses Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) to (3) apply for the 2008–09 and later income years.

Ring-fencing cap on FIF net losses Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.
Group companies using attributed CFC net losses Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) to (4) apply for the 2008–09 and later income years.

Pre-consolidation losses: general treatment Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
66 When group membership lacking in loss period Amendment(s) incorporated in the Act(s).

(1) Amendment(s) incorporated in the Act(s).

(2) 3683 Income Tax Act 2007 Reprinted as at 13 June 2013 (3) Subsections (1) and (2) apply for the 2008–09 and later income years.

67 When group membership lacking in tax year of use (1) (2) (3) Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.
General treatment of mining companies’ tax losses Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) to (3) apply for the 2008–09 and later income years.

Treatment of tax losses resulting from certain expenditure Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsections (1) to (6) apply for the 2008–09 and later income years.

Holding companies’ tax losses Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

Petroleum miners’ tax losses Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
Life insurers’ policyholder net losses Amendment(s) incorporated in the Act(s).

68 (1) (2) (3) (4) 69 (1) (2) (3) (4) (5) (6) (7) 70 (1) (2) 71 (1) (2) 72 (1) 3684 Reprinted as at 13 June 2013 Income Tax Act 2007 (2) (3) 84 (1) (2) 85 (1) (2) 87 (1) (2) (3) 89 (1) (2) (3) 91 (1) (2) (3) Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.

Adjustments for calculation of family scheme income Amendment(s) incorporated in the Act(s).
Subsection (1) applies for the 2008–09 and later income years.

Calculation of maximum permitted ratios Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

ICA debit for loss of shareholder continuity Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.

FDPA debit for loss of shareholder continuity Amendment(s) incorporated in the Act(s).


Subsections (1) and (2) apply for the 2008–09 and later income years.

BETA credit for loss of shareholder continuity Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.

93 MACA debit for loss of shareholder continuity Amendment(s) incorporated in the Act(s).

(1) Amendment(s) incorporated in the Act(s).


(2) Subsections (1) and (2) apply for the 2008–09 and later income (3) years.

3685 Income Tax Act 2007 Reprinted as at 13 June 2013 95 (1) (2) (3) 97 (1) (2) (3) 99 (1) (2) (3) Consolidated ICA debit for loss of shareholder continuity Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.
Consolidated FDPA debit for loss of shareholder continuity Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.

Consolidated BETA credit for loss of shareholder continuity Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.

101 Amounts treated as income tax (1) (2) Amendment(s) incorporated in the Act(s).
Subsection (1) applies for the 2008–09 and later income years.

104 Payment of extra pay with other PAYE income payments (1) (2) (3) (4) Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

Subsection (2) applies for the 2010–11 and later income years.

105 RWT rules and their application (1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
106 Resident passive income (1) Amendment(s) incorporated in the Act(s).

3686 Reprinted as at 13 June 2013 Income Tax Act 2007 (2) Subsection (1) applies for the 2008–09 and later income years.

107 New section RE 10B inserted (1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

110 When payment treated as non-resident passive income (1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
111 NRWT rules and their application (1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

112 Obligation to withhold amounts of tax for non-resident (1) (2) (3) passive income Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.

113 When amounts of tax not withheld or partly withheld (1) (2) Amendment(s) incorporated in the Act(s).
Subsection (1) applies for the 2008–09 and later income years.

117 Overpaid RWT or NRWT (1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

118 Deﬁnitions (1) (2) (3) (4) (5) (6) This section amends section YA 1.

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


3687 Income Tax Act 2007 Reprinted as at 13 June 2013 Amendment(s) incorporated in the Act(s).

(7) Amendment(s) incorporated in the Act(s).

(8) (9) Amendment(s) incorporated in the Act(s).

(10) Amendment(s) incorporated in the Act(s).

(11) Amendment(s) incorporated in the Act(s).

(12) Amendment(s) incorporated in the Act(s).

(13) Amendment(s) incorporated in the Act(s).

(14) Amendment(s) incorporated in the Act(s).


(15) Amendment(s) incorporated in the Act(s).

(16) Amendment(s) incorporated in the Act(s).

(17) Amendment(s) incorporated in the Act(s).

(18) Amendment(s) incorporated in the Act(s).

(19) Amendment(s) incorporated in the Act(s).

(20) Amendment(s) incorporated in the Act(s).

(21) Amendment(s) incorporated in the Act(s).

(22) Amendment(s) incorporated in the Act(s).

(23) Amendment(s) incorporated in the Act(s).


(24) Amendment(s) incorporated in the Act(s).

(25) Amendment(s) incorporated in the Act(s).

(26) Amendment(s) incorporated in the Act(s).

(27) Amendment(s) incorporated in the Act(s).

(28) Amendment(s) incorporated in the Act(s).

(29) Amendment(s) incorporated in the Act(s).

(30) The deﬁnition of supplementary dividend holding company is omitted.

(31) Amendment(s) incorporated in the Act(s).

(32) Amendment(s) incorporated in the Act(s).


(33) Amendment(s) incorporated in the Act(s).

(34) Amendment(s) incorporated in the Act(s).

(35) The deﬁnition of year of payment is omitted.

(36) Amendment(s) incorporated in the Act(s).

(37) Subsections (2), (3), (4), (7), (8), (9), (10), (11), (12), (13), (14), (17), (27), (29), (31), (32), and (33) apply for the 2008–09 and later income years.
3688 Reprinted as at 13 June 2013 Income Tax Act 2007 (38) Subsections (5), (18), (22), (25), and (36) apply for the 2010–11 and later income years.
(39) Subsections (6), (19), (28), and (34) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.

(40) Subsection (30) applies for the 2013–14 and later income years.
121 Transparency of nominees (1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

122 Schedule 1—Basic tax rates: income tax, ESCT, RSCT, RWT, and attributed fringe beneﬁts Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

In schedule 1, part D, table 3, “0.33” is replaced by “0.30” in each place where it appears.

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsection (1) applies for the 2008–09 and later income years.

Subsections (2), (4), (5), and (6) apply for the 2010–11 and later income years.

Subsection (3) applies for the 2011–12 and later income years.

(1) (2) (3) (4) (5) (6) (7) (8) (9) 123 Schedule 2—Basic tax rates for PAYE income payments (1) (2) (3) (4) Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsection (1) applies for the 2008–09 and later income years.

3689 Income Tax Act 2007 Reprinted as at 13 June 2013 (5) Subsections (2) and (3) apply for the 2010–11 and later income years.

125 Schedule 51—Identiﬁed changes in legislation Amendment(s) incorporated in the Act(s).

(1) Amendment(s) incorporated in the Act(s).

(2) Subsections (1) and (2) apply for the 2008–09 and later income (3) years.
3690 Reprinted as at 13 June 2013 Income Tax Act 2007 Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 Public Act Date of assent Commencement 2010 No 109 7 September 2010 see section 2 1 2 (1) (2) (3) (4) (5) (6) (7) (8) (9) Title This Act is the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010.
Commencement This Act comes into force on the day on which it receives the Royal assent, except as provided in this section.

Section 195(2) is treated as coming into force on 24 May 1999.

Section 198 is treated as coming into force on 21 December 2004.

Section 192 is treated as coming into force on 1 January 2005.

Sections 199, 202, 207(1) and (3), 208, and 211(1) and (3) are treated as coming into force on 1 April 2005.

Sections 200, 201, and 207(2) are treated as coming into force on 1 April 2007.
Sections 66, 131, 134, 135, 170, 204, 205, and 206 are treated as coming into force on 1 October 2007.

Sections 197 and 203 are treated as coming into force on 19 December 2007.
Sections 117(2), (4), (5), (8), (10), (23), (28), and (33), 118, 119, 121(1), (2), and (4), 127, 128, 130(1) to (3), 136, 138, 145, 195(5), and 211(2) and (4) are treated as coming into force on 1 April 2008.

(10) Section 195(4) is treated as coming into force on 1 July 2008.
3691 Income Tax Act 2007 Reprinted as at 13 June 2013 (11) Section 56 is treated as coming into force on 26 September 2008.

(12) Sections 6(1), (2), (3), and (5)(b), 20, 21, 28(1) and (5)(b) and 117(9), (18), (22), and (24) are treated as coming into force on 1 January 2009.

(13) Section 117(12) is treated as coming into force on 1 April 2009.

(14) Sections 43, 44, 103, 104, 109, 110, and 149(1) are treated as coming into force on 30 June 2009.
(15) Sections 178, 179, and 180 are treated as coming into force on 7 October 2009.

(16) Section 14 is treated as coming into force on 31 December 2009.

(17) Sections 23, 32 to 35, 117(11) and (14), and 126(3) are treated as coming into force on 1 January 2010.

(18) Sections 101 and 102 are treated as coming into force on 1 March 2010.
(19) Sections 7, 8, 9, 19, 24, 67, 70, 72(3) and (4), 73, 74, 80, 91, 93, 113, 115, 117(13), (15), (19), (20), (21), (29), and (34), 120, 121(3), 122, 123, 124, 126(6), 129, 130(4) and (5), 137, and 186 are treated as coming into force on 1 April 2010.

(20) Sections 76, 77, 78, 79, and 117(6), (25), and (31) are treated as coming into force on 1 June 2010.
(21) Sections 6(4) and (5)(a), 18, 22, 28(2), (3), (4), and (5)(a), 29, 45, 46, 47, 48, 49, 50, 85, 117(7), (26), and (35), 189(3), and 191 are treated as coming into force on 1 July 2010.

(22) Sections 39 to 41 and 51 come into force on 26 September 2010.

(23) Sections 69, 71, 72(1) and (2), and 111 come into force on 1 October 2010.

(24) Sections 12, 16, 68, 88, 96, 114, 117(16), (27), (30), and (32), 132, 133, and 173 come into force on 1 April 2011.
(25) Sections 13, 94, 117(3) and (17), 176(1) and (3), 183, 184, 188, and 189(1), (2), (4), and (5) come into force on the ﬁrst day of the second month after the month in which the Gov- ernments of Australia and New Zealand exchange notes, as 3692 Reprinted as at 13 June 2013 Income Tax Act 2007 provided by clause 21 of the Arrangement between them on trans-Tasman retirement savings portability.
Part 2 Amendments to Income Tax Act 2007 17 (1) (2) 27 (1) (2) Beneﬁts provided to employees who are shareholders or investors Amendment(s) incorporated in the Act(s).
Subsection (1)— (a) applies for the 2008–09 and later income years, except if paragraph (b) applies: does not apply for a person and an income year in rela- tion to a tax position taken for the income year by the person— (i) (b) in the period from 1 April 2008 to the date of the Royal assent of this Act; and in a return of income, an FBT return, or a GST return ﬁled before the date of the Royal assent of this Act; and relying upon section CX 17(4) as it was before the amendment made by subsection (1).
(ii) (iii) Apportionment on disposal of business assets that include trading stock Amendment(s) incorporated in the Act(s).
Subsection (1)— (a) applies for the 2008–09 and later income years, except if paragraph (b) applies: does not apply for a person and an income year in rela- tion to a tax position taken by the person— (i) (b) in a return of income ﬁled before 28 October 2009; and relating to an apportionment of an amount on a disposal of trading stock and other assets; and relying on section EB 24(1) as it was before the amendment made by subsection (1).
(ii) (iii) 3693 Income Tax Act 2007 Reprinted as at 13 June 2013 42 Meaning of controlled foreign company Amendment(s) incorporated in the Act(s).

(1) Subsection (1)— (2) (a) (b) applies for the 2008–09 and later income years, except if paragraph (b) applies: does not apply for a person in relation to a tax position taken by the person— (i) (ii) before 19 November 2009; and relying on the provision amended by this sec- tion as it was immediately before the amendment made by this section.
Part-year tax calculations Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsections (1) to (3) apply–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
Outstanding claims reserving amount: non-participation policies not annuities Amendment(s) incorporated in the Act(s).
Subsection (1) applies–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
45 (1) (2) (3) (4) 46 (1) (2) 3694 Reprinted as at 13 June 2013 Income Tax Act 2007 47 (1) (2) 48 (1) (2) 49 (1) (2) Premium smoothing reserving amount: non-participation policies not annuities Amendment(s) incorporated in the Act(s).
Subsection (1) applies–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
Unearned premium reserving amount: non-participation policies not annuities Amendment(s) incorporated in the Act(s).
Subsection (1) applies–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
Capital guarantee reserving amount: non-participation policies not annuities Amendment(s) incorporated in the Act(s).
Subsection (1) applies–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.

50 (1) Transitional adjustments: life risk Amendment(s) incorporated in the Act(s).
3695 Income Tax Act 2007 Reprinted as at 13 June 2013 Amendment(s) incorporated in the Act(s).

(2) Amendment(s) incorporated in the Act(s).

(3) Amendment(s) incorporated in the Act(s).

(4) Amendment(s) incorporated in the Act(s).

(5) Amendment(s) incorporated in the Act(s).

(6) Amendment(s) incorporated in the Act(s).

(7) Amendment(s) incorporated in the Act(s).

(8) (9) Amendment(s) incorporated in the Act(s).

(10) Amendment(s) incorporated in the Act(s).


(11) Amendment(s) incorporated in the Act(s).

(12) Amendment(s) incorporated in the Act(s).

(13) Amendment(s) incorporated in the Act(s).

(14) Amendment(s) incorporated in the Act(s).

(15) Amendment(s) incorporated in the Act(s).

(16) Amendment(s) incorporated in the Act(s).


(17) Subsections (1) to (15) apply–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(b) Disposals of trading stock at below market value Amendment(s) incorporated in the Act(s).

Subsection (1)— (a) applies for the 2008–09 and later income years, except if paragraph (b) applies: does not apply for a person and an income year in rela- tion to a tax position taken by the person— (i) in a return of income ﬁled before 28 October 2009; and relating to a disposal of trading stock; and relying on section GC 1 as it was before the re- placement made by subsection (1).
(ii) (iii) 54 (1) (2) 3696 Reprinted as at 13 June 2013 Income Tax Act 2007 89 (1) (2) (3) (4) Limitation on deductions Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsections (2) and (3)— (a) (b) apply for the 2008–09 and later income years, except if paragraph (b) applies: do not apply for a person and an income year after the 2007–08 income year in relation to a tax position for the income year taken by the person— (i) (ii) before 19 November 2009; and relying on the provision amended by this sec- tion as it was immediately before the amendment made by this section.
117 Deﬁnitions (1) (2) (3) After the deﬁnition of Australian approved deposit fund, the This section amends section YA 1.

Amendment(s) incorporated in the Act(s).

following is inserted: “Australian complying superannuation scheme means an entity that is a complying superannuation fund for the purposes of Part 5, Division 2 of the Superannuation Industry (Supervi- sion) Act 1993 (Aust) and that is regulated by the Australian Prudential Regulation Authority”.

Amendment(s) incorporated in the Act(s).


(4) Amendment(s) incorporated in the Act(s).

(5) Amendment(s) incorporated in the Act(s).

(6) Amendment(s) incorporated in the Act(s).

(7) Amendment(s) incorporated in the Act(s).

(8) (9) Amendment(s) incorporated in the Act(s).

(10) Amendment(s) incorporated in the Act(s).

(11) Amendment(s) incorporated in the Act(s).

(12) Amendment(s) incorporated in the Act(s).

(13) Amendment(s) incorporated in the Act(s).

(14) Amendment(s) incorporated in the Act(s).


(15) Amendment(s) incorporated in the Act(s).

3697 Income Tax Act 2007 Reprinted as at 13 June 2013 (16) (17) In the deﬁnition of member, paragraph (b) is repealed.

In the deﬁnition of member credit contribution, after para- graph (a)(iii), the following is added: “(iv) a superannuation contribution that was trans- ferred from an Australian complying superannu- ation scheme and contributed to a KiwiSaver scheme:”.
(18) Amendment(s) incorporated in the Act(s).

(19) Amendment(s) incorporated in the Act(s).

(20) Amendment(s) incorporated in the Act(s).

(21) Amendment(s) incorporated in the Act(s).

(22) Amendment(s) incorporated in the Act(s).

(23) Amendment(s) incorporated in the Act(s).

(24) Amendment(s) incorporated in the Act(s).

(25) Amendment(s) incorporated in the Act(s).

(26) Amendment(s) incorporated in the Act(s).

(27) The deﬁnition of signiﬁcant ﬁnancial hardship is repealed.
(28) Amendment(s) incorporated in the Act(s).

(29) Amendment(s) incorporated in the Act(s).

(30) (31) Amendment(s) incorporated in the Act(s).

(32) The deﬁnition of withdrawal is repealed.

(33) Subsections (2), (5), (8), (23), and (28) apply for the 2008–09 In the deﬁnition of trust rules, paragraph (a) is repealed.

and later income years.

(34) Subsection (13) applies for the 2010–11 and later income years.
(35) Subsection (26) applies–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
3698 Reprinted as at 13 June 2013 Income Tax Act 2007 121 Schedule 4––Rates of tax for schedular payments (1) (2) (3) (4) Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsection (2) applies to a payment for work and services made in the 2008–09 and later income years, other than a pay- ment–– (a) for work or services performed before the day that this Act receives the Royal assent; and from which the payer is not obliged to withhold an amount of tax, ignoring subsection (2).
(b) 3699 Income Tax Act 2007 Reprinted as at 13 June 2013 Taxation (GST and Remedial Matters) Act 2010 Public Act Date of assent Commencement 2010 No 130 20 December 2010 see section 2 1 2 (1) (2) (3) (4) (5) (6) (7) (8) (9) Title This Act is the Taxation (GST and Remedial Matters) Act 2010.

Commencement This Act comes into force on the day after the date on which it receives the Royal assent, except as provided in this section.

Section 184 is treated as coming into force on 1 January 2005.
Sections 164, 165, 168, and 170 are treated as coming into force on 1 April 2005.

Section 169 is treated as coming into force on 1 April 2006.

Sections 166 and 167 are treated as coming into force on 1 Oc- tober 2007.

Section 12 is treated as coming into force on 30 November 2007.
Sections 28, 30, 37(1), 38, 41, 51, 52, 65, 66, 82, 83, 106, 108, 113, 117, 118, 119, 125, 126(1) and (3), 127, 128, 132(30), (32), and (46), 133, 141, 146(2), (4), (5), and (9), 147, 156, 160, and 188 are treated as coming into force on 1 April 2008.

Section 114 is treated as coming into force on 1 October 2008.

Sections 132(39) and 146(1), (6), and (8) are treated as coming into force on 1 April 2009.

(10) Sections 132(31) and 151 are treated as coming into force on 6 October 2009.
(11) Sections 43, 44, 57, 72, 75, 85, 86, 87, 88, 89, 90, 91, 92, 94, 97, 98, 99, 100, 105, 110, 130(2), 132(3), (13), and (22), and 146(3) and (7) are treated as coming into force on 1 April 2010.

(12) Sections 49 and 50 are treated as coming into force on 20 May 2010.

3700 Reprinted as at 13 June 2013 Income Tax Act 2007 (13) Sections 10(2), 11, 27, 47, 48, 58, 59, 132(35), and 180 are treated as coming into force on 1 July 2010.

(14) Sections 145, 182, and 183 come into force on 1 August 2010.
(15) Section 34 comes into force on 5 August 2010.

(16) Section 23 comes into force on 7 September 2010.

(17) Sections 22, 35, 42, 56(1) and (3), 116, 120 to 124, 131, and 157 come into force on 1 October 2010.

(18) Section 186 comes into force on 31 October 2010.

(19) Section 138 comes into force on 1 November 2010.
(20) Sections 4, 5, 6, 7, 8, 9, 10(1), (3), and (4), 14, 15, 16, 19, 21, 26, 31, 37(2) and (3), 39, 40, 46, 54, 56(2), (4), and (5), 62, 63, 67, 68, 69, 70, 73, 74, 76, 77, 78, 79, 81, 96(1), 104, 111, 112, 126(2) and (4), 132(2), (4), (5), (6), (7), (8), (9), (11), (12), (14), (15), (16), (19), (21), (23), (24), (25), (26), (27), (28), (33), (34), (36), (37), (38), (40), (41), (42), (44), (45), (47), (48), and (50), 135, 136, 137, 139(1)(b), (c), and (d), 140, 144, 149, 152, 154, 155, 158, 162, and 172 come into force on 1 April 2011.
(21) Section 96(2) comes into force on 1 April 2013.

(22) Section 115 comes into force on the ﬁrst day of the second month after the month in which the Governments of Australia and New Zealand exchange notes, as provided by clause 21 of the Arrangement between them on trans-Tasman retirement savings portability.

Part 2 Amendments to Income Tax Act 2007 58 (1) (2) Outstanding claims reserving amount: non-participation policies not annuities Amendment(s) incorporated in the Act(s).
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 3701 Income Tax Act 2007 Reprinted as at 13 June 2013 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
Transitional adjustments: life risk 59 (1)–(3) Amendment(s) incorporated in the Act(s).

Subsections (1), (2), and (3) apply–– (4) (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
84 (1) (2) 95 (1) (2) New section HL 19B inserted Amendment(s) incorporated in the Act(s).
Subsection (1) does not apply to a portfolio tax rate entity in relation to a tax position taken by the entity— (a) in the period from 1 April 2008 to the date of Royal assent of this Act; and in relation to the attribution of income to investors in the entity and the determination of net amounts in section HL 19; and relying on the rules related to portfolio investment en- tities as they were before the amendment made by sub- section (1).
(b) (c) New section HM 35B inserted Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2010–11 and later income years.
However, subsection (1) does not apply to a multi-rate PIE in relation to a tax position taken by the PIE— (a) in the period from 1 April 2010 to the date of Royal assent of this Act; and in relation to the attribution of income to investors in the PIE and the determination of net amounts in section HM 35; and (b) 3702 Reprinted as at 13 June 2013 Income Tax Act 2007 (c) relying on the PIE rules as they were before the amend- ment made by subsection (1).
115 Treatment of tax credits on permanent emigration other (1) (2) than to Australia In the heading to section MK 8(1), “other than to Australia” is omitted.

In section MK 8(1), “to a place other than Australia” is omit- ted.

3703 Income Tax Act 2007 Reprinted as at 13 June 2013 Taxation (Tax Administration and Remedial Matters) Act 2011 Public Act Date of assent Commencement 2011 No 63 29 August 2011 see section 2 Title This Act is the Taxation (Tax Administration and Remedial Matters) Act 2011.
Commencement This Act comes into force on the date on which it receives the Royal assent, except as provided in this section.

Sections 219 and 222 are treated as coming into force on 1 April 1995.

Sections 220 and 221 are treated as coming into force on 1 April 1997.

Sections 192, 193, 194, 195, 196, 197, 198, 201, 206, 207, and 208 are treated as coming into force on 1 April 2005.

Sections 199, 200, and 202 are treated as coming into force on 1 April 2007.
Sections 203, 204, and 205 are treated as coming into force on 1 October 2007.
Sections 4, 7, 12, 13, 17, 18, 19, 20, 22, 31, 32, 33, 34, 35, 40, 41, 45(1), (3), (4), and (6), 46, 48, 49, 50, 91, 92(1) and (3), 93, 94(1), (3), (7), (8), and (10), 96(1), (3), (4), and (5), 97(1), (2), (3), (6), and (8), 98, 99, 100, 101, 102, 103, 104, 108, 112, 113, 114, 115, 116, 117, 118, 119, 120, 121, 122, 124, 130(3), (5), (10), (15), (16), and (19), 131, 133, 135, 140, 161, and 210 are treated as coming into force on 1 April 2008.
Section 130(14) is treated as coming into force on 1 January 2009.

Sections 21(1) and (3), 37(1), (3), and (5), 39, 42, 44(1) and (3), 94(4), (5), (6), (9), and (11), 95, 96(2) and (6), 97(5), (7), and (9), and 130(6), (8), and (17) come into force on 30 June 2009.

1 2 (1) (2) (3) (4) (5) (6) (7) (8) (9) 3704 Reprinted as at 13 June 2013 Income Tax Act 2007 (10) Sections 109 and 110 come into force on 5 January 2010.
(11) Sections 53, 54(1) and (5), 59(1) and (2), 65, 80(1), (3), (4), and (5), 106(1) and (3), and 130(9) and (18) are treated as coming into force on 1 April 2010.

(12) Section 237 comes into force on 1 July 2010.

(13) Sections 5, 11, 23, 24, 25, 26, 27, 43, and 188 are treated as coming into force on 4 September 2010.

(14) Sections 47, 130(2), and 160 are treated as coming into force on 30 September 2010.

(15) Section 136(8) is treated as coming into force on 1 October 2010.
(16) Section 45(2) and (5) are treated as coming into force on the day of introduction for the Taxation (Tax Administration and Remedial Matters) Bill.

(17) Sections 28, 29, 30, 88, 89, 107, 134, 136(1), (2), (3), (6), (7), and (9), 139, 209, 235(1)(b) and (c), (2), and (3), 236, 238, 239, 240, 241, 243, 244(2) and (3) are treated as coming into force on 1 April 2011.

(18) Section 132 is treated as coming into force on 1 May 2011.
(19) Sections 92(2), 94(2) and (12), and 97(4) and (10) come into force on 1 July 2011.

(20) Section 245 comes into force on 1 October 2011.

(21) Sections 9(3) and (5), 71, 81, 106(2) and (4), 123, 130(13) and (20), 136(4) and (5), and 138 come into force on 1 April 2012.

(22) Sections 21(2) and (4), 37(2), (4), and (6), and 44(2) and (4) come into force on 30 June 2013. Dividend within New Zealand wholly-owned group 8 (1)–(2) Amendment(s) incorporated in the Act(s).
Subsections (1) and (2) apply to— (3) (a) dividends derived by a company, other than a Maori authority, on or after the ﬁrst day of the company’s 2010–11 income year; or dividends derived by a Maori authority on or after the ﬁrst day of the Maori authority’s 2012–13 income year.

(b) 3705 Income Tax Act 2007 Reprinted as at 13 June 2013 New section DB 3B Amendment(s) incorporated in the Act(s).
Subsection (1) applies— (a) (b) for the 2010–11 and later income years; and for the 2009–10 income year,— (i) (ii) for a person who has not furnished a return of in- come for the income year on or before 24 Novem- ber 2010; or for a person who has furnished a return of income on or before 24 November 2010, only in relation to an amount of interest imposed under Part 7 of the Tax Administration Act 1994 that the person has treated as a deduction in the return or in a notice of proposed adjustment issued before that date: (c) for the 2008–09 income year, only in relation to an amount of interest imposed under Part 7 of the Tax Ad- ministration Act 1994 that the person has treated as a deduction— (i) in a return of income that they have furnished on or before 24 November 2010: in a notice of proposed adjustment that is issued on or before 24 November 2010.
(ii) Limits on choice of calculation methods Amendment(s) incorporated in the Act(s).
Subsection (1)— (a) (b) applies for income years beginning on or after 1 July 2009, except if paragraph (b) applies: does not apply for a person and an income year in rela- tion to a tax position taken by the person— (i) in a return of income ﬁled before the date of Royal assent to the Taxation (Tax Administration and Remedial Matters) Act 2011; and relating to the calculation of FIF income or loss from shares; and relying on section EX 46(10)(a) as it was before the replacement made by subsection (1).
(ii) (iii) 13 (1) (2) 39 (1) (2) 3706 Reprinted as at 13 June 2013 Income Tax Act 2007 Apportionment of interest by excess debt entity 45 (1)–(4) Amendment(s) incorporated in the Act(s).
(5) Subsection (2) does not apply to a person and an income year in relation to a tax position taken by the person— (a) in a return of income ﬁled before the date on which the Taxation (Tax Administration and Remedial Matters) Bill is reported to the House of Representatives by the select committee considering the bill; and relating to the apportionment of interest expenditure; and relying on section FE 6(3)(ac) as it was before the re- placement made by subsection (2).
(b) (c) (6) Subsection (3) applies for the 2008–09 and later income years.

Further eligibility requirements relating to investments 49 (1) After section HL 10(2)(b)(vii), the following is added: “(viii) an amount of income under section CW 4 (An- nuities under life insurance policies) or CX 40 (Superannuation fund deriving amount from life insurance policy).” (2) Subsection (1) applies for the 2008–09 and later income years.
50 Portfolio entity tax liability and tax credits of portfolio tax rate entity for period (1) After section HL 21(12), the following is added: “Determining investors’ prescribed investor rate “(13) For the purposes of determining the item rate in subsection (9), the taxable income of the investor does not include an amount that— “(a) arises because their portfolio investor rate is lower than their prescribed investor rate; and is treated as taxable income because section CX 56 (Portfolio investor allocated income and distributions of income by portfolio investment entities) does not apply.” “(b) (2) (3) In section HL 21, in the list of deﬁned terms, “prescribed in- vestor rate” and “taxable income” are inserted.
Subsection (1) applies for the 2008–09 and later income years.

3707 Income Tax Act 2007 Reprinted as at 13 June 2013 Ring-fencing cap on attributed CFC net losses 94 (1)–(2) Amendment(s) incorporated in the Act(s).
(3) Section IQ 2(1), other than its heading, is replaced by the fol- lowing: “(1) The total amount of attributed CFC net loss and FIF net loss, relating to a CFC or FIF that is resident in the jurisdiction when the loss arises, that is subtracted from the person’s net income for the tax year is— “(a) the total amount of attributed CFC income and FIF in- come calculated under the branch equivalent method that the person derives in the tax year in relation to a CFC or FIF that is resident in the jurisdiction, if that amount is less than or equal to the amount referred to in paragraph (b); or the total amount of such attributed CFC net loss and FIF net loss that— “(i) “(ii) the person carries forward to the tax year: is made available in the tax year to the person by another company in the same group.” “(b) (4)–(9) Amendment(s) incorporated in the Act(s).
(10) Subsections (1), (3), and (7) apply for the 2008–09 and later income years.

(11)–(12) Amendment(s) incorporated in the Act(s).


“(1) 96 (1) Ring-fencing cap on FIF net losses Section IQ 3(1), other than the heading, is replaced by the following: If a person’s FIF net loss is carried forward to a tax year or FIF net loss is made available to the person in the tax year, the FIF net loss may be subtracted, under section IQ 2, from the person’s net income for the tax year.” (2)–(4) Amendment(s) incorporated in the Act(s).
(5) Subsections (1), (3), and (4) apply for the 2008–09 and later income years.

Amendment(s) incorporated in the Act(s).

(6) 130 Deﬁnitions (1)–(12) Amendment(s) incorporated in the Act(s).

3708 Reprinted as at 13 June 2013 Income Tax Act 2007 (14)–(15) Amendment(s) incorporated in the Act(s).
(16) Subsection (5) does not apply in relation to a tax position taken by a person— (a) in the period from 1 April 2008 to 30 November 2010; and in relation to the payment of fringe beneﬁt tax; and relying on section RD 3(2) to (4) in the absence of the amendment made by subsection (5).

(b) (c) (17)–(19) Amendment(s) incorporated in the Act(s).
3709 1 2 (1) (2) (3) (4) (5) (6) (7) (8) Income Tax Act 2007 Reprinted as at 13 June 2013 Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 Public Act Date of assent Commencement 2012 No 88 2 November 2012 see section 2 Title This Act is the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012.

Commencement This Act comes into force on the day on which it receives the Royal assent, except as provided in this section.
Section 251(1) and (4) come into force on 1 February 1995.

Section 251(2) and (5) come into force on 1 April 1998.

Section 251(3) and (6) come into force on 1 October 2001.

Section 173 comes into force on 17 October 2002.

Section 209(2) and (3) come into force on 1 April 2003.

Sections 209(1) and 214(1) come into force on 1 January 2005.

Sections 170(2) and (5), 241, 242, 244, 245, 246, and 247 come into force on 1 April 2005.

Section 243 comes into force on 1 April 2006.


(9) (10) Section 248 comes into force on 1 October 2007.

(11) Sections 11, 16, 21, 23, 30, 37, 38, 39, 69, 72, 82, 84, 85(1), (2), (3), (7), and (9), 86, 115, 117, 120, 122, 124, 125, 126(1), 127(2), 134, 136, 139, 140(1), (2), and (4), 141, 143, 144, 145, 153, 154(7), (11), (12), (17), and (43), 162(3), (4), and (7), 170(3) and (6), 171(1)(b) and (d), 186, 199, and 202 come into force on 1 April 2008.

(12) Section 83 comes into force on 1 April 2009.


(13) Section 154(30) comes into force on 9 June 2009.

(14) Sections 24(1), (3), (4), and (6), 25(1), (3), (4), and (6), 28, 40, 41, 42(1), (2), (6), (7), and (8), 43(1) to (6), 44, 52, 63, 64, 65, 3710 Reprinted as at 13 June 2013 Income Tax Act 2007 76, 114, 129, 131, 132, 146, and 154(8) and (44) come into force on 30 June 2009.

(15) Sections 68 and 154(40) come into force on 1 July 2009.

(16) Section 152 comes into force on 1 February 2010.
(17) Sections 98 and 100 come into force on 1 April 2010.

(18) Section 66 comes into force on 30 June 2010.

(19) Sections 31, 32, 53, 54, and 55 come into force on 1 July 2010.

(20) Section 45 comes into force on 1 August 2010.

(21) Sections 12, 13, 18, 19, 20, 29, 35, 36, 56, 57, 58, 59, 60, 61, and 73 come into force on 4 September 2010.

(22) Sections 27 and 33 come into force on 7 September 2010.

(23) Section 154(3), (4), and (42) come into force on 1 October 2010.
(24) Section 154(5) comes into force on 27 October 2010.

(25) Sections 154(22) and 207(3) come into force on 1 November 2010.

(26) Sections 154(28), 155, 156(a), and 158 come into force on 1 January 2011.

(27) Sections 78, 79, 80, 81, 111, 112, 123, 126(2) and (3), 127(1) and (3), 154(6), (9), (10), (14), (19), (27), and (32), 162(1), (2), (5), (6), and (8), 207(2) and (4), 208(2) and (3), 210, 211, 212, 214, 215, 216, 217, 218, 221, 222, 223, 224, 225, and 226 come into force on 1 April 2011.
(28) Sections 24(2) and (7), 25(2) and (7), 42(3), (4), (5), and (9), 43(7) and (8), 46, 48, 49, 50, 116, 128, and 133 come into force on 1 July 2011.

(29) Sections 90, 91, 97, 252, 253, 254, and 255 come into force on 29 August 2011.

(30) Section 208(1) comes into force on the date of introduction of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Bill.

(31) Sections 47 and 51 come into force on 1 October 2011.

(32) Section 194 comes into force on 7 March 2012.


(33) Sections 70, 85(4), (5), (6), and (8), 89, 94, 140(3), 142, 154(20) and (33), and 163(2) come into force on 1 April 2012.

(34) Section 168(1)(d) comes into force on 31 May 2012.

3711 Income Tax Act 2007 Reprinted as at 13 June 2013 (35) Sections 71, 228, 229, 230, 235, and 238 come into force on 1 July 2012.

(36) Sections 6, 7, 8, 9, 10, 147, 148, 151, and 154(2), (31), (37), and (39) come into force on 1 October 2012.
(37) Sections 88, 93(2), 99, 101, 103, 104(2), 107, 118, 150, 154(18) and (29), 163(3), 166, 168(1)(a) to (c) and (e) and (3), 231, and 234 come into force on 1 April 2013.

(38) Sections 137, 154(25), 170(4), 171(3), 176, 177, 179, 180, 181, 183, 184, 185, 189, 190, 191, 192, 193, 197, 198, 200, 201, and 239 come into force on 1 April 2016 or on an earlier date set by Order in Council.

(39) Section 168(2) and (4) come into force on 1 April 2014.
Part 2 Amendments to Income Tax Act 2007 12 (1) (2) Section CG 4 replaced Amendment(s) incorporated in the Act(s).

Subsection (1) applies for— (a) (b) the 2011–12 and later income years, except as given by paragraph (b); or the 2010–11 and later income years for a person who is granted an extension of time for ﬁling a return of in- come for the 2010–11 income year under the Canter- bury Earthquake (Inland Revenue Acts) Order 2011.
13 Receipts from insurance, indemnity, or compensation for interruption or impairment of business activities (1)–(2) Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for— (3) (a) the 2011–12 and later income years, except as given by paragraph (b); or the 2010–11 and later income years for a person who is granted an extension of time for ﬁling a return of in- come for the 2010–11 income year under the Canter- bury Earthquake (Inland Revenue Acts) Order 2011.
(b) 3712 Reprinted as at 13 June 2013 Income Tax Act 2007 27 Deduction for general insurance outstanding claims reserve (1)–(2) Amendment(s) incorporated in the Act(s).
(3) Subsections (1) and (2) apply to a transfer of general insurance contracts–– (a) on and after 1 October 2012, unless paragraph (b) ap- plies: on and after 7 September 2010, if the transferor chooses to apply subsection (1) and the transfer is made— (i) (b) to a transferee who is a non-resident and does not carry on a business in New Zealand through a ﬁxed establishment; and for the purposes of complying with the Insurance (Prudential Supervision) Act 2010.
(ii) 30 (1) (2) 33 (1) (2) Application of subpart Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

However, subsection (1) does not apply to a person in relation to a tax position taken by the person— (a) (b) (c) in the period from 1 April 2008 to 31 May 2011; and relating to the valuation of livestock; and relying on the provisions of subpart EC as they were before the amendment made by subsection (1).
New section ED 3 Amendment(s) incorporated in the Act(s).
Subsection (1) applies to a transfer of general insurance con- tracts–– (a) on and after 1 October 2012, unless paragraph (b) ap- plies: on and after 7 September 2010, if the transferor chooses to apply subsection (1) and the transfer is made— (i) (b) to a transferee who is a non-resident and does not carry on a business in New Zealand through a ﬁxed establishment; and for the purposes of complying with the Insurance (Prudential Supervision) Act 2010.
(ii) 3713 Income Tax Act 2007 Reprinted as at 13 June 2013 Cases affecting pool 35 (1)–(2) Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for— (3) (a) the 2011–12 and later income years, except as given by paragraph (b); or the 2010–11 and later income years for a person who is granted an extension of time for ﬁling a return of in- come for the 2010–11 income year under the Canter- bury Earthquake (Inland Revenue Acts) Order 2011.
36 (1) (2) Consideration for purposes of section EE 44 Amendment(s) incorporated in the Act(s).

Subsection (1) applies for— (a) the 2011–12 and later income years, except as given by paragraph (b); or the 2010–11 and later income years for a person who is granted an extension of time for ﬁling a return of in- come for the 2010–11 income year under the Canter- bury Earthquake (Inland Revenue Acts) Order 2011.
(b) (b) 54 Shareholder base other proﬁt: proﬁt participation policies that are existing business (1)–(2) Amendment(s) incorporated in the Act(s).
(3) Subsections (1) and (2) apply–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.

Transitional adjustments: life risk 55 (1)–(4) Amendment(s) incorporated in the Act(s).
(5) Subsections (1) to (4) apply–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new 3714 Reprinted as at 13 June 2013 Income Tax Act 2007 life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
139 ESCT rules and their application (1)–(2) Amendment(s) incorporated in the Act(s).

(3) Subsections (1) and (2) do not apply for a tax position that is inconsistent with subsections (1) and (2) and that is taken in a tax return ﬁled before the date on which the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Bill was intro- duced.

140 Employer’s superannuation cash contributions (1)–(3) Amendment(s) incorporated in the Act(s).
(4) Subsections (1) and (2) do not apply for a tax position that is inconsistent with subsections (1) and (2) and that is taken in a tax return ﬁled before the date on which the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Bill was intro- duced.

141 Calculating amounts of tax for employer’s superannuation (1) (2) (3) cash contributions In section RD 67(a), “if the employer” is replaced by “if, for a contribution that is an employer’s superannuation contribu- tion, the employer”.
In section RD 67, in the list of deﬁned terms, “employer’s superannuation contribution” is inserted.

Subsections (1) and (2) do not apply for a tax position that is inconsistent with subsections (1) and (2) and that is taken in a tax return ﬁled before the date on which the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Bill was intro- duced.
143 Choosing different rates for employer’s superannuation (1) cash contributions In section RD 69(1), “on behalf of an employee” is replaced by “that is an employer’s superannuation contribution”.

3715 Income Tax Act 2007 Reprinted as at 13 June 2013 (2) (3) In section RD 69, in the list of deﬁned terms, “employer’s superannuation contribution” is inserted.
Subsections (1) and (2) do not apply for a tax position that is inconsistent with subsections (1) and (2) and that is taken in a tax return ﬁled before the date on which the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Bill was intro- duced.

144 Calculating amounts of tax on failure to withhold (1) (2) Amendment(s) incorporated in the Act(s).
Subsection (1) does not apply for a tax position that is incon- sistent with subsection (1) and that is taken in a tax return ﬁled before the date on which the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Bill was introduced.

145 Amounts of tax treated as paid to and received by (1) (2) superannuation funds Amendment(s) incorporated in the Act(s).
Subsection (1) does not apply for a tax position that is incon- sistent with subsection (1) and that is taken in a tax return ﬁled before the date on which the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Bill was introduced.

154 Deﬁnitions (1)–(17) Amendment(s) incorporated in the Act(s).

(18) In the deﬁnition of fully imputed, paragraph (a), “RF 8, and RF 10” is replaced by “RF 8, RF 10, and schedule 6, table 1B”.

(19)–(24) Amendment(s) incorporated in the Act(s).


(25) In the deﬁnition of non-ﬁling taxpayer, paragraph (a), “to whom section 33A(1) of the Tax Administration Act 1994 ap- plies” is replaced by “who meets the requirements of section 33AA(1) of the Tax Administration Act 1994”.

(26)–(28) Amendment(s) incorporated in the Act(s).


(29) In the deﬁnition of portfolio investment entity, after para- graph (d), the following is added: 3716 Reprinted as at 13 June 2013 Income Tax Act 2007 “(e) a foreign investment PIE that is either a foreign invest- ment zero-rate PIE or a foreign investment variable-rate PIE”.

(30)–(41) Amendment(s) incorporated in the Act(s).


(42) Subsections (3) and (4) apply for the 2011–12 and later tax years, except for a tax position that is— (a) (b) inconsistent with subsections (3) and (4); and taken in a tax return ﬁled before the date on which the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Bill is ﬁrst considered by a committee of the whole House.

(43)–(45) Amendment(s) incorporated in the Act(s).

Section 154(18) not yet in force.

Section 154(25) not yet in force.


Section 154(29) not yet in force.

3717 Notes Income Tax Act 2007 Reprinted as at 13 June 2013 Contents 1 2 3 4 General Status of reprints How reprints are prepared Changes made under section 17C of the Acts and Regulations Publication Act 1989 List of amendments incorporated in this reprint (most recent ﬁrst) General This is a reprint of the Income Tax Act 2007.
The reprint incorporates all the amendments to the Act as at 13 June 2013, as speciﬁed in the list of amendments at the end of these notes.

Relevant provisions of any amending enactments that contain transitional, savings, or application provisions that cannot be compiled in the reprint are also included, after the principal enactment, in chronological order.

For more information, see http://www.pco.parliament.govt.nz/reprints/.
Status of reprints Under section 16D of the Acts and Regulations Publication Act 1989, reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by the amendments to that enactment.

This presumption applies even though editorial changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in the reprint.
This presumption may be rebutted by producing the ofﬁcial volumes of statutes or statutory regulations in which the principal enactment and its amendments are contained.

of How reprints are prepared A number in the preparation of enacting words provisions are editorial that are repealed or conventions reprints.

not included followed are the For example, and in Acts, revoked are omitted.
5 Notes 1 2 3 3718 Reprinted as at 13 June 2013 Income Tax Act 2007 Notes see For a detailed list of http://www.pco.parliament.govt.nz/editorial-conventions/ or Part 8 of the Tables of New Zealand Acts and Ordinances and Statutory Regulations and Deemed Regulations in Force.
the editorial conventions, 4 Changes made under section 17C of the Acts and Regulations Publication Act 1989 Section 17C of the Acts and Regulations Publication Act 1989 authorises the making of editorial changes in a reprint as set out in sections 17D and 17E of that Act so that, to the extent permitted, the format and style of the reprinted enactment is consistent with current legislative drafting practice.

Changes that would alter the effect of the legislation are not permitted.
A new format of legislation was introduced on 1 January 2000.

Changes to legislative drafting style have also been made since 1997, and are ongoing.

To the extent permitted by section 17C of the Acts and Regulations Publication Act 1989, all legislation reprinted after 1 January 2000 is in the new format for legislation and reﬂects current drafting practice at the time of the reprint.
In outline, the editorial changes made in reprints under the authority of section 17C of the Acts and Regulations Publication Act 1989 are set out below, and they have been applied, where relevant, in the preparation of this reprint: • omission of unnecessary referential words (such as “of this section” and “of this Act”) typeface and type size (Times Roman, generally in 11.5 point) layout of provisions, including: • • indentation position of section headings (eg, the number and heading now appear above the section) format of deﬁnitions (eg, the deﬁned term now appears in bold type, without quotation marks) format of dates (eg, a date formerly expressed as “the 1st day of January 1999” is now expressed as “1 January 1999”) 3719 • • • • Notes Income Tax Act 2007 Reprinted as at 13 June 2013 • • • • • • • position of the date of assent (it now appears on the front page of each Act) punctuation (eg, colons are not used after deﬁnitions) Parts numbered with roman numerals are replaced with arabic numerals, and all cross-references are changed accordingly case and appearance of letters and words, including: • followed by small capital format of headings (eg, headings where each word formerly appeared with an initial capital letter letters are amended so that the heading appears in bold, with only the ﬁrst word (and any proper nouns) appearing with an initial capital letter) small capital letters in section and subsection references are now capital letters • schedules are renumbered (eg, Schedule 1 replaces First Schedule), and all cross-references are changed accordingly running heads (the information that appears at the top of each page) format of amendments, and schedules of are rearranged into alphabetical order, chronological).
two-column schedules of consequential they rather than repeals (eg, 5 List of amendments incorporated in this reprint (most recent ﬁrst) Education Amendment Act 2013 (2013 No 34): section 46 Crown Minerals Amendment Act 2013 (2013 No 14): section 65 State-Owned Enterprises (KiwiRail Holdings Limited) Order 2012 (SR 2012/346): clause 5 Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88): Part 2 Income Tax (Minimum Family Tax Credit) Order 2012 (SR 2012/325): clause 3(1) Income Tax (Working for Families Indexation—Budget Measures) Amendment Act 2012 (2012 No 80): section 3 Social Security (Youth Support and Work Focus) Amendment Act 2012 (2012 No 50): section 26(2)–(4) Public Finance (Mixed Ownership Model) Amendment Act 2012 (2012 No 45): section 11 3720 Reprinted as at 13 June 2013 Income Tax Act 2007 Notes State-Owned Enterprises Amendment Act 2012 (2012 No 44): sections 10(3), 11(3) Taxation (Budget Measures) Act 2012 (2012 No 38): Part 1 Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34): Part 1 Income Tax (Family Tax Credit) Order 2011 (SR 2011/403): clause 3 Local Government Borrowing Act 2011 (2011 No 77): section 14 Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63): Part 1 Student Loan Scheme Act 2011 (2011 No 62): section 223 Taxation (Canterbury Earthquake Measures) Act 2011 (2011 No 24): Part 1 Taxation (Annual Rates and Budget Measures) Act 2011 (2011 No 23): sections 6–14 Financial Reporting Amendment Act 2011 (2011 No 22): section 12 Land Transport (Road Safety and Other Matters) Amendment Act 2011 (2011 No 13): section 100(3) Kiwisaver Amendment Act 2011 (2011 No 8): section 56 Financial Markets Authority Act 2011 (2011 No 5): sections 82, 85(1) Research, Science, and Technology Act 2010 (2010 No 131): section 18 Taxation (GST and Remedial Matters) Act 2010 (2010 No 130): Part 2, section 189 Governor-General Act 2010 (2010 No 122): sections 22–25 Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and
 Remedial Matters) Act 2010 (2010 No 109): sections 5–12, 14–93, 95–116, 117(2), (4)–(16), (18)–(35), 118–124 Taxation (Deﬁnitions of Dependent Child) Act 2010 (2010 No 104): section 7 Local Government (Auckland Transitional Provisions) Act 2010 (2010 No 37): section 113(1) Taxation (Budget Measures) Act 2010 (2010 No 27): sections 4–40, 59–61, 63–72, 75–94, 96(2)–(5), (7)–(9), 97–99 Accident Compensation Amendment Act 2010 (2010 No 1): section 49 Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63): Part 1 Immigration Act 2009 (2009 No 51): section 406(1) Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34): Part 1 Taxation (Business Tax Measures) Act 2009 (2009 No 5): sections 4–22, 29–31 Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105): sections 5–14, 19–22, 29(1), 31, 33–36, 52–57 Climate Change Response (Emissions Trading) Amendment Act 2008 (2008 No 85): sections 68–76 Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008 (2008 No 36): sections 5–8, 13–16, 20–52 Taxation (Limited Partnerships) Act 2008 (2008 No 2): Part 1 Taxation (KiwiSaver) Act 2007 (2007 No 110): sections 123–137 3721 Notes Income Tax Act 2007 Reprinted as at 13 June 2013 Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109): sections 307–562 12 Wellington, New Zealand: Published under the authority of the New Zealand Government—2013 3722