Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698752395361.pdf (New Zealand)
Goods and Services Tax (Grants and Subsidies) Order 1992 (SR 1992/323) PURSUANT to section 5(6E) of the Goods and Services Tax Act 1985, Her Excellency the Governor­General, acting by and with the advice and consent of the Executive Council, hereby makes the fol­ lowing order.
Contents 1 2 3 Title and commencement Non­taxable grants and subsidies Revocation Schedule Non­Taxable Grants and Subsidies Page 1 1 2 2 1 (1) (2) 2 Title and commencement This order may be cited as the Goods and Services Tax (Grants and Subsidies) Order 1992.

This order shall come into force on the 1st day of January 1993.
Non­taxable grants and subsidies It is hereby declared that payments of the kinds speciﬁed in the Schedule to this order are not taxable grants or subsidies for the purposes of section 5(6D) of the Goods and Services Tax Act 1985.

Note This order is administered in the Inland Revenue Department.
1 1 2 3 5 cl 3 3 Goods and Services Tax (Grants and Subsidies) Order 1992 Reprinted as at 3 September 2007 Revocation The Goods and Services Tax (Non­Taxable Grants or Subsi­ dies) Order 1991 (SR 1991/300) is hereby revoked.

Schedule Non­Taxable Grants and Subsidies Any payment made on behalf of the Crown for the purpose of repaying the loans (both as to principal and interest) speciﬁed in section 2(1) of the Petroleum Sector Reform Act 1988.
Any suspensory loan or advance made on behalf of the Crown or by any public authority before the 1st day of January 1993, other than any suspensory loan or advance that, at the time it was made, was explicitly stated to include the amount of any goods and services tax payable by the person to whom of for whose beneﬁt the loan or advance was made.
So much of any payment made by the New Zealand Agency for International Development to a New Zealand organisation that, as a condition of the payment, must be— (a) (b) transferred outside New Zealand; and transferred to an organisation that is operating outside New Zealand at the time the payment is received by that organisation; and (c) used to acquire goods or services outside New Zealand.
Clause 3 was inserted, as from 1 July 2003, by clause 3 Goods and Services Tax (Grants and Subsidies) Amendment Order 2003 (SR 2003/113).

The Commissioner of Inland Revenue crediting, transferring, refunding, dealing with, or otherwise paying, a tax credit under the Income Tax Act 2004 or the Tax Administration Act 1994, if that tax credit is one to which entitlement arises under sub­ part KJ of the Income Tax Act 2004.
Clause 5 was inserted, as from 1 July 2007, by section 73 Taxation (KiwiSaver and Company Tax Rate Amendments) Act 2007 (2007 No 19).

BOB MACFARLANE, 2 Reprinted as at 3 September 2007 Goods and Services Tax (Grants and Subsidies) Order 1992 Acting for Clerk of the Executive Council.

Explanatory note This note is not part of the order, but is intended to indicate its general effect.
This order declares suspensory loans and advances made on behalf of the Crown or by a public authority before 1 January 1993 not to be taxable grants or subsidies for the purposes of section 5(6D) of the Goods and Services Tax Act 1985, except where the amount of the loan or advance was explicitly stated to include goods and services tax.
The order also revokes the Goods and Services Tax (Non­Taxable Grants or Subsidies) Order 1991, but repeats the exemption contained in that order in clause 1 of the Schedule to the new order.

Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notiﬁcation in Gazette: 19 November 1992.

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