Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698753978379.pdf (New Zealand)
3219 Schedule 2 Income Tax Act 2007 Reprinted as at 2 September 2013 Schedule 2 ss RD 9–RD 11, RD 13, RD 14, RD 17, YA 1 Basic tax rates for PAYE income payments Part A Salary or wages “M” and “ME” tax codes: payments for weekly pay periods The basic tax rate amount for a payment of salary or wages is set by applying the Commissioner’s weekly PAYE table to the amount, using the employee’s tax code, if— (a) the payment is for a weekly pay period (including the case of section RD 3 applying); and the employee has notiﬁed their employer that the em- ployee’s tax code is “M” or “ME” under section 24B(3) of the Tax Administration Act 1994.
(b) Schedule 2 part A clause 1 heading: amended, on 1 April 2013, by section 8(1)(a) of the Taxation (Budget Measures) Act 2012 (2012 No 38).

Schedule 2 part A clause 1(b): amended, on 1 April 2013, by section 8(1)(b) of the Taxation (Budget Measures) Act 2012 (2012 No 38).
“M” and “ME” tax codes: payments for pay periods longer than a week If an employee has notiﬁed their employer that the employee’s tax code is “M” or “ME” under section 24B(3) of the Tax Ad- ministration Act 1994, and the payment of salary or wages is for a pay period longer than a week, then the basic tax rate amount for the payment is calculated using the formula— total payment ( weekly portion of payment ) × weekly PAYE table amount.
(a) total payment means the payment of salary or wages to which this clause applies: (b) weekly portion of the payment means the portion of the payment that is attributable to the part of the pay period that is for a week if it is assumed that the pay- ment accrued at a uniform daily rate throughout the pay period: weekly PAYE table amount means the amount that re- sults from applying the Commissioner’s weekly PAYE (c) 1 2 3220 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 2 Part A—continued table to the weekly portion of the payment (described in paragraph (b)) using the employee’s tax code, as if the weekly portion is a payment for a weekly pay period.
Schedule 2 part A clause 2 heading: amended, on 1 April 2013, by section 8(2)(a) of the Taxation (Budget Measures) Act 2012 (2012 No 38).

Schedule 2 part A clause 2: amended, on 1 April 2013, by section 8(2)(b) of the Taxation (Budget Measures) Act 2012 (2012 No 38).

Schedule 2 part A clause 2 formula: substituted (with effect on 1 April 2008), on 7 December 2009, by section 123(1) of the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63).
“No notiﬁcation” tax code If an employee’s tax code under section 24B(3) of the Tax Administration Act 1994 is “no notiﬁcation”, the basic tax rate amount for a payment of salary or wages is set by applying the rate of 0.45 for each dollar of the payment.
“S” tax code If an employee has notiﬁed their employer that the employee’s tax code is “S” under section 24B(3) of the Tax Administration Act 1994, the basic tax rate amount for a payment of secondary employment earnings is set by applying the rate of 0.175 for each dollar of the payment.

Schedule 2 part A clause 4: amended, on 1 October 2010, by section 36(a) of the Taxation (Budget Measures) Act 2010 (2010 No 27).
“SH” tax code If an employee has notiﬁed their employer that the employee’s tax code is “SH” under section 24B(3) of the Tax Adminis- tration Act 1994, the basic tax rate amount for a payment of secondary employment earnings is set by applying the rate of 0.300 for each dollar of the payment.

Schedule 2 part A clause 5: amended, on 1 October 2010, by section 36(b) of the Taxation (Budget Measures) Act 2010 (2010 No 27).
“ST” tax code If an employee has notiﬁed their employer that the employee’s tax code is “ST” under section 24B(3) of the Tax Adminis- 3221 3 4 5 6 Schedule 2 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued tration Act 1994, the basic tax rate amount for a payment of secondary employment earnings is set by applying the rate of 0.330 for each dollar of the payment.
Schedule 2 part A clause 6: amended, on 1 October 2010, by section 36(c) of the Taxation (Budget Measures) Act 2010 (2010 No 27).

“CAE” or “EDW” tax code If an employee has notiﬁed their employer that the employee’s tax code is “CAE” or “EDW” under section 24B(3) of the Tax Administration Act 1994, the basic tax rate amount for a pay- ment for employment as a casual agricultural worker or an election day worker (as applicable) is set by applying the rate of 0.175 for each dollar of the payment.
Schedule 2 part A clause 7: amended, on 1 October 2010, by section 36(d) of the Taxation (Budget Measures) Act 2010 (2010 No 27).

“NSW” tax code If an employee has notiﬁed their employer that the employee’s tax code is “NSW” under section 24B(3) of the Tax Adminis- tration Act 1994, the basic tax rate amount for a payment for employment as a non-resident seasonal worker is set by apply- ing the rate of 0.105 for each dollar of the payment.
Schedule 2 part A clause 8: amended, on 1 April 2011 (applying for the 2011–12 and later income years), by section 137(1) of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).

Schedule 2 part A clause 8: added, on 6 October 2009, by section 578 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
“SB” tax code If an employee has notiﬁed their employer that the employee’s tax code is “SB” under section 24B(3)(bb) of the Tax Admin- istration Act 1994, the basic tax rate amount for a payment of secondary employment earnings is set by applying the rate of 0.105 for each dollar of the payment.

Schedule 2 part A clause 9: amended, on 1 October 2010, by section 36(e) of the Taxation (Budget Measures) Act 2010 (2010 No 27).
Schedule 2 part A clause 9: added, on 1 April 2010 (applying for the 2010–11 and later income years), by section 123(2) of the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63).

7 8 9 3222 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 2 Part B Extra pays Table 1 Row Condition 1 2 3 4 Section RD 17(2)(a) applies and the sum is $14,000 or less.

Section RD 10(2)(a) or RD 17(2)(b) applies.

Section RD 10(2)(b) or RD 17(2)(c) applies.


Section RD 10(2)(c) or RD 17(2)(d) applies.

Tax rate 0.105 0.175 0.300 0.330 How to use this table: Find the applicable condition in the second column, in order to ﬁnd the relevant rate to apply, in the third column.

Schedule 2 part B table 1: substituted, on 1 October 2010, by section 37 of the Taxation (Budget Measures) Act 2010 (2010 No 27).
3223 Schedule 3 Income Tax Act 2007 Reprinted as at 2 September 2013 Schedule 3 ss EF 3, RA 13, RA 14, RC 1, RC 9, RC 21, RC 25, RM 24, YA 1 Payment of provisional tax and terminal tax Schedule 3 heading: amended (with effect on 1 April 2008 and applying for the 2008–09 income year and later income years), on 17 July 2013, by section 102(1) of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).
Part A Dates for payment of provisional tax and terminal tax Month of balance date A B C D E F G H October 28 Jan 28 Mar 28 May 28 Jul 28 Sep 28 Nov Sep November 28 Feb 7 May 28 Jun 28 Aug 28 Oct 15 Jan December 28 Mar 28 May 28 Jul 28 Sep 28 Nov 28 Jan Oct Nov January 7 May 28 Jun 28 Aug 28 Oct 15 Jan 28 Feb Dec February 28 May 28 Jul 28 Sep 28 Nov 28 Jan 28 Mar March April May June July 28 Jun 28 Aug 28 Oct 15 Jan 28 Feb 7 May 28 Jul 28 Sep 28 Nov 28 Jan 28 Mar 28 May Feb 28 Aug 28 Oct 15 Jan 28 Feb 7 May 28 Jun 28 Sep 28 Nov 28 Jan 28 Mar 28 May 28 Jul 28 Oct 15 Jan 28 Feb 7 May 28 Jun 28 Aug August 28 Nov 28 Jan 28 Mar 28 May 28 Jul 28 Sep September 15 Jan 28 Feb 7 May 28 Jun 28 Aug 28 Oct Jan Feb Feb Feb Feb Feb Feb Nov Dec Jan Feb Mar Apr Apr Apr Apr Apr Apr Apr For the purposes of this schedule, balance date, in relation to provi- sional tax or terminal tax payable by a person for a tax year to which an income year corresponds, means— (a) if neither of paragraphs (b) and (c) apply, the person’s annual balance date for their accounts for the income year: if the person has an income year that coincides with the tax year or is not required to provide a return of income for the tax year, 31 March: if the person is a non-resident company that does not have a ﬁxed establishment in New Zealand, 31 March.
(b) (c) 3224 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 3 Part B Months for payment under sections RC 9 and RC 22 to RC 25 Monthly and 2-monthly non-ratio and non-GST provisional taxpayers Transitional year length 0–4 mths 5–8 mths 9–12 mths 13–16 mths 17–20 mths 21–24 mths Transitional year length 0–6 mths 7–12 mths 13–18 mths 19–24 mths Transitional year length 0–2 mths 3–4 mths 5–6 mths 7–8 mths 9–10 mths 11–12 mths 13–14 mths 15–16 mths 17–18 mths New instalment months month following ﬁnal month 5th month, month following ﬁnal month 5th, 9th months, month following ﬁnal month 5th, 9th, 13th months, month following ﬁnal month 5th, 9th, 13th, 17th months, month following ﬁnal month 5th, 9th, 13th, 17th, 21st months, month following ﬁnal month 6-monthly non-ratio provisional taxpayers New instalment months month following ﬁnal month 7th month, month following ﬁnal month 7th, 13th months, month following ﬁnal month 7th, 13th, 19th months, month following ﬁnal month GST ratio provisional taxpayers New instalment months month following ﬁnal month 3rd month, month following ﬁnal month 3rd, 5th months, month following ﬁnal month 3rd, 5th, 7th months, month following ﬁnal month 3rd, 5th, 7th, 9th months, month following ﬁnal month 3rd, 5th, 7th, 9th, 11th months, month following ﬁnal month 3rd, 5th, 7th, 9th, 11th, 13th months, month following ﬁnal month 3rd, 5th, 7th, 9th, 11th, 13th, 15th months, month following ﬁnal month 3rd, 5th, 7th, 9th, 11th, 13th, 15th, 17th months, month following ﬁnal month 1 2 3 4 19–20 mths 10 3rd, 5th, 7th, 9th, 11th, 13th, 15th, 17th, 19th months, month following ﬁnal month 3225 Schedule 3 Income Tax Act 2007 Reprinted as at 2 September 2013 Transitional year length 21–22 mths 23–24 mths 11 12 Part B—continued New instalment months 3rd, 5th, 7th, 9th, 11th, 13th, 15th, 17th, 19th, 21st months, month following ﬁnal month 3rd, 5th, 7th, 9th, 11th, 13th, 15th, 17th, 19th, 21st, 23rd months, month following ﬁnal month For the purposes of
 counting months under this schedule, the number is reckoned as set out in section RC 21(5).
3226 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 4 1 1 1B 2 Schedule 4 Rates of tax for schedular payments ss RD 8, YA 1 Part A Payments to non-resident contractors A contract payment that relates to a non-resident contractor’s contract activity or service has a 0.15 rate of tax for each dollar of the payment, if the payment is— to the non-resident contractor: (a) to an agent of the non-resident contractor: (b) to a person acting on behalf of the non-resident contrac- (c) tor.
Part B Payments of company directors’ fees, examiners’ fees, honoraria, and other payments A payment of a company director’s fee, or an examiner’s fee, or an honorarium, has a 0.33 rate of tax for each dollar of the payment.
A payment has a 0.33 rate of tax for each dollar of the payment, if it is for work or services performed by— (a) (b) (c) (d) a local government elected representative: an ofﬁcial of a community organisation, society, or club: a chair or member of a committee, board, or council: an ofﬁcial, chair, or member of a body or organisation similar to one described in paragraph (b) or (c).
In this part, examiner’s fee means fees or remuneration for work or services that relate to examining an examination can- didate, if the work or services have the following nature: (a) setting an examination paper or question: (b) marking a candidate’s answer: examining a candidate orally: (c) examining a candidate’s practical work or performance.
(d) 3227 Schedule 4 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Schedule 4 part B heading: amended (with effect on 1 April 2008), on 7 Septem- ber 2010, by section 121(1) of the Taxation (Annual Rates, Trans-Tasman Sav- ings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).
Schedule 4 part B clause 1B: inserted (with effect on 1 April 2008), on 7 Septem- ber 2010, by section 121(2) of the Taxation (Annual Rates, Trans-Tasman Sav- ings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).
Part C Payments for work or services relating to primary production 1 A payment for work or services referred to in the following paragraphs has a 0.15 rate of tax for each dollar of the payment: (a) (b) (c) (d) (e) (f) farming contract work: cultivation contract work: shearing: droving: [Repealed] forestry or bush work (including bush felling, road and tramway work, removal of timber, undergrowth cutting, burning, or clearing): planting or cutting ﬂax: (g) (h) work described in section DO 1 or DO 2 that is related to land that is used or intended to be used for farming or agriculture.
Schedule 4 part C clause 1(b): substituted, on 1 April 2010, by section 579(1)(a) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 4 part C clause 1(e): repealed, on 1 April 2010, by section 579(1)(b) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
2 In this part,— cultivation contract work— (a) means work or services provided under a contract or arrangement— (i) for the supply of labour, or substantially for the supply of labour; and 3228 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 4 Part C—continued (b) (ii) on or in connection with land that is used or in- tended to be used for the cultivation of fruit crops, vegetables, orchards, or vineyards: excludes work or services provided by— (i) (ii) a post-harvest facility: a management entity under a formal management agreement under which the entity is responsible for payment for the work or services provided farming contract work means work that is related to land that is used or intended to be used for farming or agriculture, if the work has the following nature: (a) (b) ﬁrewood cutting, or post or rail splitting: cutting down trees incidental to work under paragraph (a): grass or grass seed cutting: hedge cutting: planting trees: planting or cutting ﬂax: threshing, chaffcutting, hay making, hay baling, or har- vesting or gathering crops (c) (d) (e) (f) (g) Schedule 4 part C clause 2 cultivation contract work: substituted (with effect on 1 April 2010), on 7 September 2010, by section 121(3) of the Taxation (An- nual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Mat- ters) Act 2010 (2010 No 109).
Schedule 4 part C clause 2 horticultural contract work: repealed, on 1 April 2010, by section 579(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Part D Payments for commercial cleaning and maintenance work, or for general contracting A payment for commercial cleaning or maintenance work has a 0.20 rate of tax for each dollar of the payment.
A payment for work or services referred to in the following paragraphs has a 0.15 rate of tax for each dollar of the payment: (a) mail delivery or collection: (b) transporting school children: 1 2 3229 Schedule 4 Income Tax Act 2007 Reprinted as at 2 September 2013 Part D—continued (c) milk delivery: (d) (e) (f) refuse removal: caretaking or acting as a guard: street or road cleaning.
In this part,— commercial cleaning or maintenance work means work or services that are related to schedular commercial land, if the work or services have the following nature: cleaning all or part of premises: (a) cleaning or laundering plant, vehicles, furniture, fur- (b) nishings, ﬁttings, or equipment: gardening (including grass cutting and hedge cutting): destroying vermin: destroying weeds (c) (d) (e) schedular commercial land means land that— (a) (b) (c) is not used for farming or agriculture purposes: is not a dwellinghouse: is not premises that are used exclusively for residential purposes.
Part E Payments for labour-only building work, or for labour-only ﬁshing boat operating A payment for labour-only building work, or for labour-only ﬁshing boat work, has a 0.20 rate of tax for each dollar of the payment.
In this part,— labour-only ﬁshing boat work means work or services under a contract, arrangement, or agreement for proﬁt-sharing which is exclusively or substantially for the supply of labour in con- nection with operating or maintaining a ﬁshing boat that is re- quired to be registered under section 103 of the Fisheries Act 1996 3 1 2 3230 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 4 Part E—continued labour-only building work means work or services under a contract or arrangement which is exclusively or substantially for the supply of labour in connection with a building or a construction (including pre-fabrication and pre-cutting for the relevant building or construction), if the work or services have the following nature: (a) work or services that, customarily, may form part of the work or services of a carpenter under a building contract: (b) work or services connected with roof-ﬁxing, steel-ﬁx- ing, erecting fences, or laying concrete, bricks, blocks, tiles, slabs, or stones, if the relevant building or con- struction is not land that is used or intended to be used for farming or agriculture: work or services connected with hanging wallpaper, hanging decorative wall coverings or furnishings, or painting or decorating (including plastering): (c) (d) work or services connected with installing ﬁbrous plas- ter, wallboard, insulating material, interior tiles, interior lining, ﬂoor tiles, carpet, linoleum, or ﬂoor coverings.
Part F Payments for activities related to sports, media, entertainment, and public speaking Schedule 2 part F heading: amended (with effect on 1 April 2008), on 6 October 2009, by section 579(3) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

1 2 A payment of a media contribution fee, or of a promotional appearance fee, has a 0.25 rate of tax for each dollar of the payment.
A payment that relates to media production work has a 0.20 rate of tax for each dollar of the payment, if part A of this schedule, and clauses 4 and 5 of this part do not apply to the payment.

3231 Schedule 4 Income Tax Act 2007 Reprinted as at 2 September 2013 Part F—continued A payment of a modelling fee has a 0.20 rate of tax for each dollar of the payment.
A payment for services connected with a non-resident enter- tainer providing or performing a Part F activity has a 0.20 rate of tax for each dollar of the payment, if the payment is— (a) (b) (c) to the non-resident entertainer: to an agent of the non-resident entertainer: to a person acting on behalf of the non-resident enter- tainer.
Schedule 2 part F clause 4: amended (with effect on 1 April 2008), on 6 October 2009, by section 579(4) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
A payment for services connected with a New Zealand resident providing or performing a Part F activity has a 0.20 rate for each dollar of the payment, if clause 6 does not apply to the payment and it is— (a) (b) (c) Schedule 2 part F clause 5: amended (with effect on 1 April 2008), on 6 October 2009, by section 579(5) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
to the New Zealand resident: to an agent of the resident: to a person acting on behalf of the resident.
A payment for services connected with a New Zealand resident providing or performing a Part F activity has a 0.15 rate for each dollar of the payment, if the payment relates to shares of riding or driving fees and it is— (a) to the New Zealand resident, and the resident is an ap- prentice jockey or an apprentice driver: to an agent of the apprentice jockey or apprentice driver: to a person acting on behalf of the apprentice jockey or apprentice driver.
(b) (c) Schedule 2 part F clause 6: amended (with effect on 1 April 2008), on 6 October 2009, by section 579(5) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
3 4 5 6 3232 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 4 Part F—continued 7 In this part,— media contribution fee means fees or remuneration, paid to a contributor, that relate to a contribution for television, radio, theatre, stage, or printed media media production work means work or services that relate to television, videos, or ﬁlms, if the work or services have the following nature: (a) (b) (c) modelling fee means fees or remuneration that relate to mod- elling, including a personal attendance for any promotional purpose, for photography, for supplying personal photographs, or for supplying personal endorsements or statements Part F activity means an activity or performance— (a) on-set and off-set pre-production work or services: on-set and off-set production work or services: on-set and off-set post-production work or services connected with— (i) (ii) making speeches or giving lectures or talks for a sporting event or competition: (iii) any purpose: acting, singing, playing music, dancing, or enter- taining generally, for any purpose and whether alone or not; and (b) undertaken by a person who meets the requirements of any of the following paragraphs: (i) (ii) (iii) they are not fully or partly sponsored under a cultural programme of an overseas government or the Government of New Zealand: they are not an ofﬁcial representative of a body that administers a game or sport in an overseas country: they are not undertaking an activity or perform- ance under a programme of a foundation, trust, or organisation outside New Zealand which exists for the promotion of a cultural activity and is not carried on for individual proﬁt of the member or shareholder: 3233 Schedule 4 Income Tax Act 2007 Reprinted as at 2 September 2013 Part F—continued (iv) if they are an employee, ofﬁcer, or principal of a company, ﬁrm, or other person, includes the company, ﬁrm, or other person promotional appearance fee means fees or remuneration that relate to a personal attendance for exhibiting or demonstrating goods
 Schedule 2 part F clause 7 Part F activity: inserted (with effect on 1 April 2008), on 6 October 2009, by section 579(6) of the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 2 part F clause 7 schedular entertainment activities: repealed (with effect on 1 April 2008), on 6 October 2009, by section 579(7) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Part G Sales commission A payment of commission or remuneration to an insurance agent or sub-agent, or to a salesperson has a 0.20 rate of tax for each dollar of the payment.
Part H Payments to purchase natural products A payment that relates to a purchase of schedular natural prod- ucts has a 0.25 rate of tax for each dollar of the payment, if the payment is made to the seller and it is not an exempt natural products payment.

A payment that relates to a purchase of game has a 0.25 rate of tax for each dollar of the payment, if the payment is made to the seller.
In this part,— exempt natural products payment means a payment that re- lates to the purchase of schedular natural products, if the pay- ment is made— (a) to a natural products dealer: 1 1 2 3 3234 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 4 Part H—continued (b) on a purchase that occurs after a disposal by a natural products dealer: to an auctioneer or a dealer acting as agent for the seller: at retail, in a shop (c) (d) game means all or part of a wild deer, wild pig, or wild goat, whether dead or alive natural products dealer means a person who— (a) is registered under any Act or regulation as a broker, dealer, or trader in relation to schedular natural prod- ucts: holds a natural product dealer certiﬁcate, issued by the Commissioner under section 44D of the Tax Adminis- tration Act 1994: holds an unrevoked certiﬁcate from the Commissioner showing that the person would be a licensed dealer for purposes of the Income Tax (Withholding Payments) Regulations 1979 if those regulations had not been re- voked by this Act (b) (c) schedular natural products means— (a) (b) (c) (d) greenstone (nephrite): eel: whitebait: sphagnum moss.
Part I Personal service rehabilitation payments Schedule 4 part I: added, on 1 April 2008, by section 556 of the Taxation (Busi- ness Taxation and Remedial Matters) Act 2007 (2007 No 109).

1 A personal service rehabilitation payment for a person under the Accident Compensation Act 2001 has a 0.105 rate of tax for each dollar of the payment.

Schedule 4 part 1 clause 1: amended, on 21 December 2010, by section 189 of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).
Schedule 4 part I clause 1: amended, on 1 October 2010, by section 38 of the Taxation (Budget Measures) Act 2010 (2010 No 27).

3235 Schedule 4 Income Tax Act 2007 Reprinted as at 2 September 2013 Part I—continued Schedule 4 part I clause 1: amended, on 1 October 2008, by section 51 of the Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008 (2008 No 36).
3236 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 5 Schedule 5 ss GB 31, RD 28, RD 29, RD 56, RD 57 Fringe beneﬁt values for motor vehicles 1 2 The following paragraphs apply to determine the value of the beneﬁt that an employee has for a quarter, tax year, or income year when section RD 60 applies, if in the quarter, tax year, or income year, a motor vehicle is provided by a person for the private use of an employee, or is made available for their private use: (a) if the vehicle is owned by the person, jointly or other- wise,— (i) on the basis of the cost price of the vehicle to the person: for a quarter, 5% of the cost price, and for a tax year or income year, 20% of the cost price: subject to clause 10, on the basis of the tax value of the vehicle to the person: for a quarter, 9% of the tax value, and for a tax year or income year, 36% of the tax value: (b) if the vehicle is leased or rented by the person from another person, whether they are associated or not,— (i) on the basis of the cost price of the vehicle to its owner at the time the beneﬁt is provided to the employee: for a quarter, 5% of the cost price, and for a tax year or income year, 20% of the cost price: subject to clause 10, on the basis of the tax value of the vehicle to its owner at the time the beneﬁt is provided to the employee: for a quarter, 9% of the tax value, and for a tax year or income year, 36% of the tax value.
(ii) (ii) If a motor vehicle to which this schedule applies is 1 of a num- ber of motor vehicles, each of which is available for private use as described in clause 1, the value of the beneﬁt is determined as follows: (a) if the employee mainly uses the same vehicle, clause 1 applies to that vehicle: if paragraph (a) does not apply, and the employee is employed in a business engaged in the selling of motor (b) 3237 Schedule 5 Income Tax Act 2007 Reprinted as at 2 September 2013 vehicles, and the vehicles available for use are trading stock of the business, clause 1 applies to the quotient obtained by dividing the sum of either the cost price of the vehicles or their tax value, by the total number of those vehicles: if paragraphs (a) and (b) do not apply, clause 1 applies to the highest value of any vehicle used by the employee.
(c) 3 4 In this schedule, a motor vehicle’s tax value in a quarter, tax year, or income year is— (a) the value of the vehicle as determined under subpart EE for the beginning of the tax year or income year, if paragraphs (b) and (c) do not apply; or the cost price of the vehicle, if the vehicle is acquired after the beginning of the tax year or income year, and paragraph (c) does not apply; or determined under clause 4 if, in the period of 2 years before the vehicle’s acquisition by the person (person A) providing it to the employee, the vehicle is owned by person A or by a person (person B) associated with them.
(b) (c) Schedule 5 clause 3(a): 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 5 clause 3(c): substituted (with effect on 1 April 2008), on 6 October 2009, by section 580(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
For the purposes of clause 3(c), the tax value of the vehicle is the value it would have under subpart EE at the beginning of the tax year or income year, or at the time of acquisition in the year, treating the cost of the vehicle on acquisition as the amount determined under— clause 5, if— (a) (i) the cost price was last used by person A or person B for the vehicle under clause 1: clause 1 did not apply to the vehicle in the 2-year period referred to in clause 3(c) and neither per- son A nor person B has used the tax value for the vehicle under clause 1: (ii) 3238 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 5 (b) (c) clause 6, if person A did not own the vehicle and person B last used the tax value of the vehicle under clause 1: clause 7, if person A owned the vehicle and the tax value was last used for the vehicle under clause 1.
5 6 7 8 The highest of the following amounts is the relevant amount for clause 4(a): (a) the highest cost of the vehicle to person A on an acqui- sition of it by them: the highest cost of the vehicle to person B on an acqui- sition of it by them.

(b) The highest of the following amounts is the relevant amount for clause 4(b): (a) the tax value of the vehicle under this schedule for per- son B, immediately before the last disposal of the ve- hicle by them: the cost of the vehicle to person A on acquisition.
(b) The highest of the following amounts is the relevant amount for clause 4(c): (a) the tax value of the vehicle under this schedule for whichever of person A or person B last used tax value for the vehicle under clause 1, immediately before the last disposal of the vehicle by that person: the cost of the vehicle to person A on the last acquisition of it by them.
(b) To determine the value of a beneﬁt under clause 1— (a) any GST paid on the acquisition of a vehicle by the owner or lessor of the vehicle is— (i) included in the cost price of the motor vehicle or in the calculation of the motor vehicle’s tax value: not reduced by an amount of input tax on the supply of the vehicle to the owner or lessor: if, in the period of 2 years before the vehicle’s acquisi- tion by the person providing it to the employee, the ve- hicle is owned by the person or by someone associated (ii) (b) 3239 Schedule 5 Income Tax Act 2007 Reprinted as at 2 September 2013 (c) (ii) with them, the cost price is treated as being the highest one of the cost prices paid for the vehicle by the person or an associate since its manufacture: subject to paragraph (b), the cost price of the vehicle is treated as being equal to the vehicle’s market value if,— the cost to the person who acquires the vehicle is (i) zero; or the cost price is unable to be established to the satisfaction of the Commissioner by the person who acquires the vehicle; or at the time the vehicle is acquired, the cost price to the person who acquires the vehicle is less than the market value because of an arrangement between that person and an associated person, and that arrangement has the purpose of defeating the intent and application of the FBT rules.
(iii) Despite clause 8(a), a person who in a quarter, tax year, or income year provides a beneﬁt that is valued under clause 1 may choose to value the vehicle on the basis of its cost price exclusive of GST or its tax value calculated exclusive of GST using clause 1 as modiﬁed by clause 10.
The following paragraphs apply to a person who values a ve- hicle on the basis of its cost price exclusive of GST or its tax value calculated exclusive of GST: (a) the terms ‘cost price’ and ‘tax value’ in clause 1 do not include an amount of GST payable: the references to 5% in clause 1 are treated as if they were references to a percentage calculated using the for- mula— 5 + (5 × rate of GST applying on last day of relevant quarter): the references to 9% in clause 1 are treated as if they were references to a percentage calculated using the for- mula— 9 + (9 × rate of GST applying on last day of relevant quarter): (b) (c) 9 10 3240 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 5 (d) (e) the references to 20% in clause 1 are treated as if they were references to a percentage calculated using the for- mula— 20 + (20 × rate of GST applying on last day of relevant tax year or corresponding income year): the references to 36% in clause 1 are treated as if they were references to a percentage calculated using the for- mula— 36 + (36 × rate of GST applying on last day of relevant tax year or corresponding income year).
11 When a vehicle is leased or rented to the person after it has been leased or rented to another person (the other person), the cost price of a vehicle is its market value at the time it is ﬁrst leased or rented to the person if— (a) (b) the person is not associated with the other person; and the person is not associated with the lessor or owner of the vehicle; and the employee is not the lessor or owner of the vehicle; and the employee is not associated with the lessor or owner of the vehicle.
(c) (d) 12 If the vehicle is leased or rented by the person from another person and the lessee requests that the lessor disclose the cost price or tax value of the vehicle for the lessor, the lessor must disclose to the lessee the information requested.

13 The minimum tax value of a motor vehicle to which this sched- ule applies is $8,333.
3241 Schedule 6 Income Tax Act 2007 Reprinted as at 2 September 2013 Schedule 6 Prescribed rates: PIE investments and retirement scheme contributions ss CX 50B, HM 56 Schedule 6: inserted, on 1 April 2010 (applying to income years beginning on or after 1 April 2010), by section 124(1) of the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63).

1 PIE investments The prescribed investor rate for a person who is an investor in a multi-rate PIE is set out in table 1.
Table 1 Row Conditions Prescribed rate 1 2 3 4 For a natural person who is resident in New Zealand, other than a person described in row 4 or 6.

For a non-resident person other than a person de- scribed in row 7B or 9.

0.280 0.280 For a person who— (a) is resident in New Zealand and who derives income for the relevant tax year as a trustee of a trust other than a trust with income that is exempt income under section CW 41 or CW 42; and (b) notiﬁes this rate for the relevant tax year.
0.280 For a natural person who is resident in New Zealand and is not a person described in row 6 and who, in either of the 2 income years before the relevant tax year, derives— (a) (b) $48,000 or less in taxable income; and $70,000 or less in the sum of their tax- able income and attributed PIE income after subtracting any attributable PIE loss 0.175 5 For a person who— (a) is resident in New Zealand and derives in- come for the relevant tax year as a trustee of a trust other than a trust with income that is exempt income under section CW 41 or CW 42; and (b) notiﬁes this rate for the relevant tax year.
0.175 3242 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 6 Row Conditions 6 For a natural person who is resident in New Zealand and who, in either of the 2 income years before the relevant tax year, derives— Prescribed rate (a) (b) $14,000 or less in taxable income; and $48,000 or less in the sum of their tax- able income and attributed PIE income after subtracting any attributable PIE loss.
0.105 7 For a person who— (a) is resident in New Zealand and derives in- come for the relevant tax year as a trustee of a testamentary trust to which section HC 37 applies other than a trust with income that is exempt income under section CW 41 or CW 42; and 7B 8 9 10 (b) notiﬁes this rate for the relevant tax year.

0.105 For a non-resident person who is a notiﬁed foreign investor in a foreign investment variable-rate PIE, see table 1B for the applicable rate for the amount of income.
For a person who is a zero-rated investor or an in- vestor treated under section HM 61 as zero-rated.

For a non-resident person who is a notiﬁed foreign investor in a foreign investment zero-rate PIE.

For a transitional resident who is an investor in a foreign investment zero-rate PIE.

variable 0.000 0.000 0.000 How to use this table Find the applicable condition, in the second column, in order to ﬁnd the relevant rate to apply, in the third column.
Schedule 6 table 1: substituted (with effect on 1 April 2010), on 7 September 2010, by section 122 of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).

Schedule 6 table 1 row 1: amended, on 1 October 2010, by section 39(a) of the Taxation (Budget Measures) Act 2010 (2010 No 27).
Schedule 6 table 1 row 2: substituted, on 29 August 2011 (applying for the 2012–13 and later income years for a foreign investment variable-rate PIE and a notiﬁed foreign investor in the PIE), by section 137(1) of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).

Schedule 6 table 1 row 3: amended, on 1 October 2010, by section 39(c) of the Taxation (Budget Measures) Act 2010 (2010 No 27).
3243 Schedule 6 Income Tax Act 2007 Reprinted as at 2 September 2013 Schedule 6 table 1 row 4: amended, on 1 October 2010, by section 39(d) of the Taxation (Budget Measures) Act 2010 (2010 No 27).

Schedule 6 table 1 row 5: amended, on 1 October 2010, by section 39(e) of the Taxation (Budget Measures) Act 2010 (2010 No 27).

Schedule 6 table 1 row 6: amended, on 1 October 2010, by section 39(f) of the Taxation (Budget Measures) Act 2010 (2010 No 27).
Schedule 6 table 1 row 7: amended, on 1 October 2010, by section 39(g) of the Taxation (Budget Measures) Act 2010 (2010 No 27).

Schedule 6 table 1 row 7B: inserted, on 29 August 2011 (applying for the 2012–13 and later income years for a foreign investment variable-rate PIE and a notiﬁed foreign investor in the PIE), by section 137(2) of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).
Schedule 6 table 1 row 8: replaced, on 2 November 2012, by section 163(1) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).

Schedule 6 table 1 row 9: inserted, on 29 August 2011 (applying for the 2012–13 and later income years for a foreign investment variable-rate PIE and a notiﬁed foreign investor in the PIE), by section 137(2) of the Taxation (Tax Administra- tion and Remedial Matters) Act 2011 (2011 No 63).
Schedule 6 table 1 row 10: added, on 29 August 2011 (applying for the 2012–13 and later income years for a foreign investment variable-rate PIE and a notiﬁed foreign investor in the PIE), by section 137(2) of the Taxation (Tax Administra- tion and Remedial Matters) Act 2011 (2011 No 63).
1B Foreign investment variable-rate PIEs and notiﬁed foreign investors A foreign investment variable-rate PIE must apply the pre- scribed investor rates set out in table 1B in relation to income attributed to notiﬁed foreign investors in the PIE.

Table 1B Row Amounts Prescribed rate 1 2 To the extent to which it is not fully imputed, a dividend derived from a company resident in New Zealand attributed to an investor who does not re- side in a country with which New Zealand has a double tax agreement.
An amount other than an amount referred to in rows 1, 3 to 7, and 9 that has a source in New Zealand.

0.3000 0.2800 3244 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 6 Row Amounts Prescribed rate To the extent to which it is not fully imputed, a dividend derived from a company resident in New Zealand attributed to an investor who resides in a country with which New Zealand has a double tax agreement.
A fully imputed dividend derived from a company resident in New Zealand in relation to which a sup- plementary dividend is paid.

A supplementary dividend.

Interest derived under a ﬁnancial arrangement, be- ing an amount referred to in the deﬁnition of inter- est, paragraph (a) or (b), that has a source in New Zealand and is of an amount calculated under sub- part EW.
0.1500 0.1500 0.1500 0.0144 A fully imputed dividend derived from a company resident in New Zealand, other than a dividend in relation to which a supplementary dividend is paid.

0.0000 A foreign-sourced amount.

An amount derived under a ﬁnancial arrangement that has a source in New Zealand other than an amount of interest referred to in row 4.
0.0000 0.0000 Schedule 6 clause 1B: inserted, on 29 August 2011 (applying for the 2012–13 and later income years for a foreign investment variable-rate PIE and a notiﬁed foreign investor in the PIE), by section 137(3) of the Taxation (Tax Administra- tion and Remedial Matters) Act 2011 (2011 No 63).

Schedule 6 table 1B: replaced, on 1 April 2013 (applying for the 2013–14 and later income years), by section 163(3) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
2 Retirement scheme contributions The retirement scheme prescribed rate for a person in relation to a retirement scheme contribution made for them is set out in table 2.

Table 2 Row Conditions Prescribed rate 1 For a person other than a person described in any of rows 2 to 7.
0.330 3245 Schedule 6 Income Tax Act 2007 Row Conditions Reprinted as at 2 September 2013 Prescribed rate For a person who, in either of the 2 income years before the income year in which the contribution is made, derives more than $48,000 but not more than $70,000 in taxable income.
0.300 For a person who is not a person described in row 2 and who, in either of the 2 income years before the income year in which the contribution is made, de- rives more than $14,000 but not more than $48,000 in taxable income.

For a person who is not a person described in row 2 or 3 and who, in either of the 2 income years before the income year in which the contribution is made, derives taxable income of $14,000 or less.
For a non-resident person to whom a distribution of no more than $200 is made by a retirement scheme contributor that is a Maori authority.

For a non-resident person who supplies a retirement scheme contributor that is a Maori authority with a notice under section 28C of the Tax Administration Act 1994.

For a non-resident person in relation to a contribu- tion that consists of non-resident passive income.
0.175 0.105 0.105 0.105 0.000 How to use this table Find the applicable condition in the second column, in order to ﬁnd the rele- vant rate to apply, in the third column.

Schedule 6 table 2 row 1: amended, on 1 October 2010, by section 40(a) of the Taxation (Budget Measures) Act 2010 (2010 No 27).

Schedule 6 table 2 row 2: amended, on 1 October 2010, by section 40(b) of the Taxation (Budget Measures) Act 2010 (2010 No 27).
Schedule 6 table 2 row 3: amended, on 1 October 2010, by section 40(c) of the Taxation (Budget Measures) Act 2010 (2010 No 27).

Schedule 6 table 2 row 4: amended, on 1 October 2010, by section 40(d) of the Taxation (Budget Measures) Act 2010 (2010 No 27).

Schedule 6 table 2 row 5: amended, on 1 October 2010, by section 40(e) of the Taxation (Budget Measures) Act 2010 (2010 No 27).
Schedule 6 table 2 row 6: amended, on 1 October 2010, by section 40(f) of the Taxation (Budget Measures) Act 2010 (2010 No 27).
3246 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 10 Schedule 10 ss EE 40, EE 41, EZ 14, EZ 15 Straight-line equivalents of diminishing value rates of depreciation Column 1 Diminishing value depreciation rate (%) Column 2 Straight-line equivalent (%) Schedule 10 Income Tax Act 2007 Reprinted as at 2 September 2013 Column 1 Diminishing value depreciation rate (%) Column 2 Straight-line equivalent (%) Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 10 Column 1 Diminishing value depreciation rate (%) Column 2 Straight-line equivalent (%) Schedule 10 Income Tax Act 2007 Reprinted as at 2 September 2013 Column 1 Diminishing value depreciation rate (%) Column 2 Straight-line equivalent (%) 72 73 74 75 76 77 78 79 80 81 82 72 73 74 75 76 77 78 79 80 81 82 100 100 3250 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 11 Schedule 11 New banded rates of depreciation ss EE 27, EE 28 Other assets (excluding ﬁxed life intangible property, excluded depreciable property, and buildings) Buildings Column 1 D.V.
rate (%) 100 67 50 40 30 25 20 16 13 10 8 6 4 2 Column 2 Straight-line rate (%) Column 3 D.V.
rate (%) Column 4 Straight-line rate (%) Schedule 12 Income Tax Act 2007 Reprinted as at 2 September 2013 Schedule 12 ss DB 46, EC 34, EC 35, EE 30, EZ 23 Old banded rates of depreciation Column 1 Diminishing value depreciation rate (%) Column 2 Straight-line equivalent (%) Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 13 Schedule 13 Depreciable land improvements s EE 7 airport runways bores and wells bridges chimneys culverts dams fences hardstanding reservoirs retaining walls roads spillways swimming pools tanks tunnels wharves pipes purpose-built surfaces for outdoor sports facilities Schedule 13: amended (with effect on 1 April 2008), on 6 October 2009, by section 581(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 13: amended (with effect on 1 April 2008), on 6 October 2009, by section 581(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

3253 Schedule 14 Income Tax Act 2007 Reprinted as at 2 September 2013 Schedule 14 ss DZ 11, EE 43, EE 2, EZ 12 Depreciable intangible property Schedule 14 heading: amended, on 1 April 2008, by section 557 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
the right to use a copyright the right to use a design or model, plan, secret formula or process, or other like property or right a patent or the right to use a patent a patent application with a complete speciﬁcation lodged on or after 1 April 2005 the right to use land the right to use plant or machinery the copyright in software, the right to use the copyright in soft- ware, or the right to use software the right to use a trademark management rights and licence rights created under the Radiocommunications Act 1989 a consent granted under the Resource Management Act 1991 to do something that otherwise would contravene sections 12 to 15 of that Act (other than a consent for a reclamation), being a consent granted in or after the 1996–97 tax year the copyright in a sound recording, if the copyright was pro- duced or purchased by the taxpayer on or after 1 July 1997, and copies of the recording have been sold or offered for sale to the public plant variety rights granted under the Plant Variety Rights Act 1987 or similar rights given similar protection under the laws of a country or territory other than New Zealand a right to use plant variety rights granted under the Plant Variety Rights Act 1987 or a similar right under the laws of a country or territory other than New Zealand 3254 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 17 Schedule 17 Types and classes of livestock ss EC 15, YA 1 Column 1 Types of livestock Beef cattle Dairy cattle Deer Goats Column 2 Classes of livestock Beef breeds and beef crosses Rising 1 year heifers Rising 2 year heifers Mixed-age cows Rising 1 year steers and bulls Rising 2 year steers and bulls Rising 3 year and older steers and bulls Breeding bulls Friesian and related breeds, Jersey, and other dairy breeds Rising 1 year heifers Rising 2 year heifers Mixed-age cows Rising 1 year steers and bulls Rising 2 year steers and bulls Rising 3 year and older steers and bulls Breeding bulls Red deer, wapiti, elk, and related crossbreeds Rising
 1 year hinds Rising 2 year hinds Mixed-age hinds Rising 1 year stags Rising 2 year and older stags (non-breeding) Breeding stags Other breeds Rising 1 year hinds Rising 2 year hinds Mixed-age hinds Rising 1 year stags Rising 2 year and older stags (non-breeding) Breeding stags Angora and angora crosses (mohair producing) Rising 1 year does Mixed-age does Rising 1 year bucks (non-breeding)/wethers Bucks (non-breeding)/wethers over 1 year Breeding bucks 3255 Schedule 17 Income Tax Act 2007 Reprinted as at 2 September 2013 Column 1 Types of livestock Column 2 Classes of livestock Other ﬁbre and meat producing goats (cashmere or cashgora producing) Rising 1 year does Mixed-age does Rising 1 year bucks (non-breeding)/wethers Bucks (non-breeding)/wethers over 1 year Breeding bucks Milking (dairy) goats Rising 1 year does Does over 1 year Breeding bucks Other dairy goats Breeding sows less than 1 year of age Breeding sows over 1 year of age Breeding boars Weaners less than 10 weeks of age (excluding suck- lings) Growing pigs 10 to 17 weeks of age (porkers/baconers) Growing pigs over 17 weeks of age (baconers) Ewe hoggets Ram and wether hoggets Two-tooth ewes Mixed-age ewes (rising 3 year and rising 4 year ewes) Rising 5 year and older ewes Mixed-age wethers Breeding rams Pigs Sheep Schedule 17: amended (with effect on 1 April 2012 and applying for the 2014–15 and later income years and, for the purposes of section EC 8(3), applying for the 2012–13 and later income years), on 17 July 2013, by section 103(1)(a) of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).
Schedule 17: amended (with effect on 1 April 2012 and applying for the 2014–15 and later income years and, for the purposes of section EC 8(3), applying for the 2012–13 and later income years), on 17 July 2013, by section 103(1)(b) of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).
Schedule 17: amended (with effect on 1 April 2012 and applying for the 2014–15 and later income years and, for the purposes of section EC 8(3), applying for the 2012–13 and later income years), on 17 July 2013, by section 103(1)(c) of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).
Schedule 17: amended (with effect on 1 April 2012 and applying for the 2014–15 and later income years and, for the purposes of section EC 8(3), applying for the 2012–13 3256 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 17 and later income years), on 17 July 2013, by section 103(1)(d) of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).
3257 Schedule 18 Income Tax Act 2007 Reprinted as at 2 September 2013 Schedule 18 Categories of livestock for which national standard costs to be declared ss EC 23, EC 24 Column 1 Column 2 Column 3 Types of livestock Categories for which national standard costs to be declared Beef cattle Rising 1 year Types of costs to be declared Breeding, rearing, and growing Rising 2 year Rearing and growing Dairy cattle Deer Goats (dairy) Rising 3 year male non-breeding cattle (all breeds) Purchased bobby calves Rising 1 year Rising 2 year Rising 1 year Rising 2 year Rising 1 year Rearing and growing Rearing and growing Breeding, rearing, and growing Rearing and growing Breeding, rearing, and growing Rearing and growing Breeding, rearing, and growing Rising 2 year Rearing and growing Goats (meat and ﬁbre) Rising 1 year Breeding, rearing, and growing Pigs Rising 2 year Rearing and growing Weaners to 10 weeks of age Breeding, rearing, and growing Growing pigs 10 to 17 weeks of age Rearing and growing Sheep Rising 1 year Breeding, rearing, and growing Rising 2 year Rearing and growing 3258 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 19 Schedule 19 ss CB 28, DB 46, EK 2, EK 11, EK 12, EK 20, EK 23 Expenditure in avoiding, remedying, or mitigating detrimental effects of discharge of contaminant Part A Expenditure relating to activity or improvement to land expenditure on investigating and testing locations and methods, before a decision is made to use a location or method, for an activity or improvement that is intended to avoid, remedy, or mitigate future detrimental effects on the environment from the discharge of a contaminant expenditure, in the construction of an improvement on land in New Zealand, incurred in order to avoid or mitigate future detrimental effects on the environment from the discharge of a contaminant expenditure on screen planting, on land in New Zealand, in- curred in association with the construction of an improvement to the land that is intended to avoid, or mitigate future detri- mental
 effects on the environment from the discharge of a con- taminant expenditure on riparian planting, on land in New Zealand, in- curred in order to avoid or mitigate future detrimental effects on the environment from the discharge of a contaminant expenditure on an activity that is intended to avoid or mitigate the future discharge of a contaminant 3259 Schedule 19 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B Expenditure relating to monitoring, remedies, and mitigation expenditure related to monitoring the discharge of a contam- inant expenditure related to monitoring detrimental effects on the environment from the discharge of a contaminant expenditure, incurred after the discharge of a contaminant, on avoiding, remedying, or mitigating detrimental effects on the environment from the discharged contaminant expenditure, incurred after the discharge of a contaminant, on removing an improvement to land in New Zealand for the pur- pose of avoiding, remedying, or mitigating detrimental effects on the environment from the discharged contaminant expenditure, incurred after the discharge of a contaminant, on the installation of impermeable surfaces on land in New Zealand with the purpose of avoiding, remedying, or mitigat- ing detrimental effects on the environment from the discharged contaminant expenditure, incurred after the discharge of a contaminant, on replanting land in New Zealand in association with expend- iture to avoid, remedy, or mitigate detrimental effects on the environment from the discharged contaminant expenditure, on disposing of a stored substance that is a po- tential contaminant in a way that avoids detrimental effects on the environment Schedule 19 part B clause 7: amended, on 2 November 2012, by section 164 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
3260 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 19 Part C Excluded expenditure expenditure related to land reclamation expenditure relating to dredging, other than dredging for the principal purpose of remedying or mitigating detrimental ef- fects on the environment from a discharged contaminant expenditure related to the acquisition of land 1 2 3 3261 Schedule 20 Income Tax Act 2007 Schedule 20 Reprinted as at 2 September 2013 ss DO 4, DO 5, DO 11, DO 12, DO 13, DP 3, DZ 17, DZ 18, YA 1 Expenditure on farming, horticultural, aquacultural, and forestry improvements Percentage of diminished value of improvement allowed as deduction 5 45 5 5 5 5 5 5 10 10 Improvement Part A Farming unless clause 2 applies, preparation of the land for farming or agriculture, including cultivation and grassing regrassing and fertilising all types of pasture in the course of a signiﬁcant capital activity that relates to a type of pasture with an estimated useful life of more than 1 year draining of swamp or low-lying lands construction of access roads or tracks to or on the land construction of dams, stopbanks, irrigation or stream diversion channels, or other improvements for the purpose of conserving or conveying water for use on the land or for preventing or combating soil erosion, other than planting or maintaining trees, whether or not on the land, for the purpose of providing shelter to the land construction of earthworks, ponds, settling tanks, or other similar improvements mainly for the pur- pose of the treatment of waste products in order to prevent or combat pollution of the environment sinking of bores or wells for the purpose of supply- ing water for use on the land construction of aeroplane landing strips to facilitate aerial topdressing of the land planting of non-listed horticultural plants on the land (see section 44C of the Tax Administration Act 1994) erection on the land of electric power lines or tele- phone lines 3262 Reprinted as at 2 September 2013 Income
 Tax Act 2007 Schedule 20 Improvement 11 12 13 construction on the land of feeding platforms, feed- ing yards, plunge sheep dips, or self-feeding ensi- lage pits construction on the land of supporting frames for growing crops construction on the land of structures for shelter purposes Part B Freshwater ﬁsh farming drilling of water bores draining of land or the excavating of sites for ponds, races, or tanks construction of ponds, settling ponds, sluices, or tanks of impervious materials to conduct or contain waters races, supply and installation of pipes for water reticula- tion construction of access paths, embankments, service paths, walkways, or walls construction of efﬂuent ponds supply and installation of bafﬂes or screens for the containing or excluding of ﬁsh construction of fencing on the ﬁsh farm Part C Mussel farming acquisition, preparation, and mooring of pontoons or rafts or other ﬂoating structures for collecting spat acquisition, mooring, and outﬁtting of moored ﬂoating platforms or longlines from which the collected spat is suspended for subsequent growth collecting and depositing of shell or other suitable material on the sea bed to create spatting surfaces Percentage of diminished value of improvement allowed as deduction 10 10 10 5 5 5 5 5 5 10 10 20 20 20 3263 Schedule 20 Income Tax Act 2007 Improvement Part D Rock oyster farming acquisition and preparation of spatting sticks construction and erection of posts, rails, or other structures for the holding of spatting sticks during spat catching and maturing construction of fences) fences (including breakwater Part E Scallop farming acquisition, preparation, and mooring of ﬂoating structures for collecting spat acquisition, mooring, and outﬁtting of longlines from which the collected spat is suspended for sub- sequent growth Part F Sea-cage salmon farming acquisition, preparation, and mooring of pontoons or rafts or other ﬂoating structures for securing or protecting cages or
 other containment vessels acquisition, preparation, and placing of equipment or structures, including cages, nets, tanks, or other vessels, for the containment of live salmon acquisition and placing of buoys and ropes used in the breeding or maturing of salmon Part G Forestry felling, clearing, destruction, or removal of timber, stumps, scrub, or undergrowth on the land in the preparation of the land for the planting of trees on the land eradication or extermination, to enable the planting of trees on the land, of animal or vegetable pests on the land 1 2 3 1 2 1 2 3 1 2 3264 Reprinted as at 2 September 2013 Percentage of diminished value of improvement allowed as deduction 20 20 20 20 20 20 20 20 5 5 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 20 Improvement destruction, to enable the planting of trees on the land, of weeds or plants detrimental to the land draining of swamp or low-lying lands in the prep- aration of the land for the planting of trees on the land construction of roads to or on the land (including any culverts or bridges necessary for the construc- tion), when the roads are formed and wholly or mainly metalled or sealed construction of roads to or on the land (including any culverts or bridges necessary for the construc- tion), when the roads— (a) are not access tracks to which section DP 1(1)(h) applies; and are 1 of the following: (i) roads that are formed and partially metalled or sealed; or roads that are not metalled or sealed (ii) (b) construction of dams, stopbanks, irrigation or stream diversion channels, or other improvements for the purpose of conserving or conveying water for use on the land or for preventing or combating soil erosion repair of ﬂood or erosion damage sinking of bores or wells for the purpose of supply- ing water for use on the land construction of aeroplane landing strips to facilitate aerial topdressing or disease control work or ﬁre- ﬁghting on the land construction on the land
 of fences, including the purchase of wire or wire netting for the purpose of making new or existing fences rabbit-proof erection on the land of electric power lines or tele- phone lines Percentage of diminished value of improvement allowed as deduction 5 5 5 20 5 5 5 5 10 10 Schedule 20: amended (with effect on 1 April 2013 and applying for the 2013–14 and later income years), on 17 July 2013, by section 104(1)(a) of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).
Schedule 20: amended (with effect on 1 April 2013 and applying for the 2013–14 and later income years), on 17 July 2013, by section 104(1)(b) of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).
3265 Schedule 21 Income Tax Act 2007 Reprinted as at 2 September 2013 Schedule 20: amended (with effect on 1 April 2013 and applying for the 2013–14 and later income years), on 17 July 2013, by section 104(1)(c) of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).
Schedule 20 part G clause 6(a): 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 Taxa- tion (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).

Schedule 20: amended (with effect on 1 April 2008), on 6 October 2009, by section 582(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 20: amended (with effect on 1 April 2008), on 6 October 2009, by section 582(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 21 LH 3(1), LH 5(3), (4), LH 7(2), LH 8 Expenditure and activities related to research and development [Repealed] Schedule 21: repealed, on 1 October 2009, by section 22 of the Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105).
3266 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 24 Schedule 24 International tax rules: grey list countries Schedule 24 heading: amended (with effect on 30 June 2009), on 6 October 2009, by section 584 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
ss DZ 11, YA 1 Part A Grey list countries Australia, excluding the Territory of Norfolk Island Canada Federal Republic of Germany Japan United Kingdom of Great Britain and Northern Ireland United States of America, excluding its possessions and terri- tories Norway Kingdom of Spain Part B Features of the taxation law of countries speciﬁed in Part A Any exemption from income tax for income derived from busi- ness activities carried on outside the country.
In the case of Australia, any special allowances, reliefs, or exemptions with respect to offshore banking units.

In the case of Canada, any special allowances, reliefs, or ex- emptions with respect to international banking centres.

In the case of the Federal Republic of Germany, any special allowances, reliefs, or exemptions with respect to regional lo- cated investment in the former German Democratic Republic or in West Berlin.
In the case of the United Kingdom of Great Britain and North- ern Ireland, any special allowances, reliefs, or exemptions with respect to activities carried on in enterprise zones.

3267 Schedule 24 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued 6 7 In the case of Canada, any special allowances, reliefs, or ex- emptions provided to non-resident owned investment corpor- ations pursuant to section 133 of the Income Tax Act (Canada).
Canary Islands: Ceuta: In the case of the Kingdom of Spain, any special allowances, reliefs, or exemptions with respect to activities that are carried on in, or by an enterprise registered in, the following: (a) (b) (c) Melilla: (d) Alava: Guipúzcoa: (e) (f) Vizcaya: (g) Navarra.
3268 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 26 Schedule 25 ss CQ 5, DN 6, EX 28, EX 29, EX 31, EX 32, EX 35–EX 39, EX 46, EZ 32 Foreign investment funds Schedule 25 heading: amended (with effect on 1 April 2008), on 6 October 2009, by section 585(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Part A Entities treated as foreign investment funds Part B Foreign entities to which the FIF exemptions do not apply Schedule 25 part B heading: substituted (with effect on 1 April 2008), on 6 Oc- tober 2009, by section 585(2) of the Taxation (International Taxation, Life In- surance, and Remedial Matters) Act 2009 (2009 No 34).
Part C Foreign entities for which accounting proﬁts method may not be used [Repealed] Schedule 25 part C heading: repealed (with effect on 1 July 2011), on 7 May 2012 (applying for the income years beginning on or after 1 July 2011), by section 137(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
Schedule 26 Low tax jurisdictions or territories [Repealed] s LZ 1 Schedule 26: repealed, on 2 November 2012, by section 165 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
3269 Schedule 27 Income Tax Act 2007 Reprinted as at 2 September 2013 Schedule 27 Countries and types of income with unrecognised tax ss LJ 1, LK 2 Schedule 27 heading: amended (with effect on 30 June 2009), on 6 October 2009, by section 586 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Country or territory Types of income 3270 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 28 1 2 3 Schedule 28 Requirements for complying fund rules RD 66 Schedule 28: inserted, on 1 April 2008, by section 136 of the Taxation (Kiwi- Saver) Act 2007 (2007 No 110).
KiwiSaver rules The ﬁrst requirement is that the rules are the same, though modiﬁed as necessary, as the rules for KiwiSaver schemes set out in— (a) (b) sections 101G and 196 of the KiwiSaver Act 2006; and schedule 1, clauses 2, 4(1) to (4), 7, 9, and 17 of that Act.
Withdrawals The second requirement is that the rules— (a) allow a withdrawal in some or all of the circumstances described in regulations made under section 229(1) of the KiwiSaver Act 2006 and the rules for KiwiSaver schemes in schedule 1, clauses 8 and 10 to 14 of the KiwiSaver Act 2006, modiﬁed as necessary, or in none of those circumstances; and do not allow a withdrawal under any circumstances other than those described in paragraph (a) or clause 1; and require the trustees, if the employee asks, to pay any withdrawal allowed under this clause and clause 1 as a lump sum, as if the withdrawal were a permitted with- drawal to which schedule 1, clause 5 of the KiwiSaver Act 2006 applies, modiﬁed as necessary.
Transfers The third requirement is that the rules require— (a) a transfer, if the employee asks, of some or all of an em- ployee’s superannuation accumulation to another com- plying superannuation fund or to a KiwiSaver scheme, and for the latter when the requirements of the Kiwi- Saver Act 2006 are met; and that the complying fund rules apply to an employee’s superannuation accumulation if it is transferred to an- other complying superannuation fund under paragraph (a); and (b) (c) (b) 3271 Schedule 28 Income Tax Act 2007 Reprinted as at 2 September 2013 (c) (d) a transfer of an employee’s superannuation accumula- tion to a KiwiSaver scheme, if the employee does not ask for a transfer under paragraphs (a) and (b), and the employee— (i) is no longer eligible to be a member of their com- plying superannuation fund: (ii) may not remain a member for any reason, but this paragraph does not apply to a transfer under para- graphs (a), (b), and (d), or a withdrawal of some or all of an employee’s superannuation accumu- lation under these rules; and a transfer of an employee’s superannuation accumula- tion to a KiwiSaver scheme, if the FMA revokes ap- proval of the superannuation fund as a complying super- annuation fund and the accumulation is not transferred to another complying superannuation fund and is not subject to these rules.
Notiﬁcation The fourth requirement is that the rules require that— (a) the Commissioner is notiﬁed if the employee’s super- annuation accumulation must be transferred under clause 3(c) and (d): the fund provider is notiﬁed if the employee’s super- annuation accumulation is transferred to another com- plying superannuation fund under clause 3(a).
(b) Notiﬁcation details For the purposes of clause 4,— (a) (b) notiﬁcation under clause 4(a) must include the name, address, and tax ﬁle number of the employee, the name and address of their employer, and the name and tax ﬁle number of the employee’s complying superannuation fund: notiﬁcation under clause 4(b) must include— (i) notice of any written evidence given to the old fund provider under section MK 2(2): the amount of tax credits received by the old fund provider under subpart MK: information held by the old fund provider that would be relevant to the new provider in mak- (ii) (iii) 4 5 3272 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 28 ing a claim under section 68C of the Tax Ad- ministration Act 1994, such as information about the periods for which claims have already been made.
Age restriction The ﬁfth requirement is that the rules prevent a person over the qualiﬁcation age for New Zealand superannuation from joining.

Minimum contributions The sixth requirement is that the rules require, as a minimum, contributions to be deducted for an employee at the rate of 3% of gross salary or wages (as deﬁned in section 4 of the KiwiSaver Act 2006).
Funding beneﬁts The seventh requirement is that the rules require that an em- ployee’s superannuation accumulation is used to fund beneﬁts that are calculated only by reference to the amount of the ac- cumulation.

Continuation as member The eighth requirement is that the rules commit an employee to continue to be a member unless otherwise provided by clauses 1 to 8.
6 7 8 9 Schedule 28: amended, on 1 April 2013 (applying for the payments of salary or wages for pay periods beginning on or after that date), by section 166(1) of the Taxation (An- nual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).

Schedule 28: amended, on 1 May 2011, by section 85(1) of the Financial Markets Au- thority Act 2011 (2011 No 5).
Schedule 28: amended (with effect on 1 April 2009), on 6 October 2009, by section 587 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 28: amended, on 1 April 2009, by section 57 of the Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105).
3273 Schedule 29 Income Tax Act 2007 Reprinted as at 2 September 2013 Schedule 29 Portfolio investment entities: listed investors ss HM 21, HM 22 Schedule 29: inserted, on 1 April 2010, by section 588 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Part A A PIE or an entity that qualiﬁes for PIE status.

A foreign PIE equivalent.

A life insurer.

The New Zealand Superannuation Fund.


The Accident Compensation Corporation, or a Crown entity subsidiary of the Corporation.

The Earthquake Commission.

Auckland Council.

A boutique investor class, treating interests combined under section HM 16 as held by 1 person.

A community trust.

Quayside Holdings Limited.

9 10 Schedule 29 part A item 7: amended (with effect on 1 November 2010), on 21 Decem- ber 2010, by section 138 of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).
Schedule 29 part A item 9: added (with effect on 1 April 2010), on 7 September 2010 (applying for the 2010–11 and later income years), by section 123(1) of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).

Schedule 29 part A item 10: inserted, on 2 November 2012, by section 167 of the Tax- ation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
Part B A superannuation fund established under the proposal for the restructuring of the National Provident Fund required by the National Provident Fund Restructuring Act 1990.

The fund established by the Government Superannuation Fund Act 1956.

A public unit trust.


[Repealed] A superannuation fund that— (i) was in existence before 17 May 2006; and 3274 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 29 Part B—continued (ii) would, if treated as a unit trust, meet the requirements of 1 or more of paragraphs (a) and (c) to (e) of the def- inition of public unit trust; and has no investor, other than its manager or trustee, who can control its investment decisions.
(iii) Schedule 29 part B item 4: repealed (with effect on 1 April 2010), on 7 September 2010 (applying for the 2010–11 and later income years), by section 123(2) of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).
3275 Schedule 31 Income Tax Act 2007 Reprinted as at 2 September 2013 Schedule 31 Annualised equivalent amount for Part M ss MF 3, MF 7 Column 1 Annual amount, calculated in accordance with section MF 3(2)(a) Amount does not exceed $36,350 Amount exceeds $36,350 but does not exceed $38,000 Amount exceeds $38,000 but does not exceed $39,500 Amount exceeds $39,500 but does not exceed $41,000 Amount exceeds $41,000 but does not exceed $42,500 Amount exceeds $42,500 but does not exceed $44,000 Amount exceeds $44,000 but does not exceed $45,500 Amount exceeds $45,500 but does not exceed $47,000 Amount exceeds $47,000 but does not exceed $48,500 Amount exceeds $48,500 but does not exceed $50,000 Amount exceeds $50,000 but does not exceed $51,500 Amount exceeds $51,500 but does not exceed $53,000 Amount exceeds $53,000 but does not exceed $54,500 Amount exceeds $54,500 but does not exceed $56,000 Amount exceeds $56,000 but does not exceed $57,500 Amount exceeds $57,500 but does not exceed $59,000 Amount exceeds $59,000 but does not exceed $60,500 Amount exceeds $60,500 but does not exceed $62,000 Amount exceeds $62,000 but does not exceed $63,500 Amount exceeds $63,500 but does not exceed $65,000 Amount exceeds $65,000 but does not exceed $66,500 Amount exceeds $66,500 but does not exceed $68,000 Amount exceeds $68,000 but does not exceed $69,500 Amount exceeds $69,500 but does not exceed $71,000 Amount exceeds $71,000 but does not exceed $72,500 3276 Column 2 Annualised equivalent amount for section MF 3(2)(b) $ $36,350 38,000 39,500 41,000 42,500 44,000 45,500 47,000 48,500 50,000 51,500 53,000 54,500 56,000 57,500 59,000 60,500 62,000 63,500 65,000 66,500 68,000 69,500 71,000 72,500 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 31 Column 1 Annual amount, calculated in accordance with section MF 3(2)(a) Amount exceeds $72,500 but does not exceed $74,000 Amount exceeds $74,000 but does not exceed $75,500 Amount exceeds $75,500 but does not exceed $77,000 Amount exceeds $77,000 but does not exceed
 $78,500 Amount exceeds $78,500 but does not exceed $80,000 Amount exceeds $80,000 but does not exceed $81,500 Amount exceeds $81,500 but does not exceed $83,000 Amount exceeds $83,000 but does not exceed $84,500 Amount exceeds $84,500 but does not exceed $86,000 Amount exceeds $86,000 but does not exceed $87,500 Amount exceeds $87,500 but does not exceed $89,000 Amount exceeds $89,000 but does not exceed $90,500 Amount exceeds $90,500 but does not exceed $92,000 Amount exceeds $92,000 but does not exceed $93,500 Amount exceeds $93,500 but does not exceed $95,000 Amount exceeds $95,000 but does not exceed $96,500 Amount exceeds $96,500 but does not exceed $98,000 Amount exceeds $98,000 but does not exceed $99,500 Amount exceeds $99,500 but does not exceed $101,000 Amount exceeds $101,000 but does not exceed $102,500 Amount exceeds $102,500 but does not exceed $104,000 Amount exceeds $104,000 but does not exceed $105,500 Amount exceeds $105,500 but does not exceed $107,000 Amount exceeds $107,000 but does not exceed $108,500 Amount exceeds $108,500 but does not exceed $110,000 Amount exceeds $110,000 but does not exceed $111,500 Amount exceeds $111,500 but does not exceed $113,000 Column 2 Annualised equivalent amount for section MF 3(2)(b) $ 74,000 75,500 77,000 78,500 80,000 81,500 83,000 84,500 86,000 87,500 89,000 90,500 92,000 93,500 95,000 96,500 98,000 99,500 101,000 102,500 104,000 105,500 107,000 108,500 110,000 111,500 113,000 3277 Schedule 31 Income Tax Act 2007 Reprinted as at 2 September 2013 Column 1 Annual amount, calculated in accordance with section MF 3(2)(a) Amount exceeds $113,000 but does not exceed $114,500 Amount exceeds $114,500 but does not exceed $116,000 Amount exceeds $116,000 but does not exceed $117,500 Amount exceeds $117,500 but does not exceed $119,000 Amount exceeds $119,000 but does not exceed $120,500 Amount exceeds $120,500 Column 2 Annualised equivalent amount for section MF 3(2)(b) $ 114,500 116,000 117,500 119,000 120,500 the number
 of dollars of the annual amount Schedule 31: amended (with effect on 1 April 2012), on 7 May 2012, by section 138 of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
Schedule 31: amended, on 1 October 2008, by section 52(a) of the Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008 (2008 No 36).

Schedule 31: amended, on 1 October 2008, by section 52(b) of the Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008 (2008 No 36).

Schedule 31: amended, on 1 October 2008, by section 52(c) of the Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008 (2008 No 36).
Schedule 31: amended, on 1 October 2008, by section 52(d) of the Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008 (2008 No 36).
3278 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 32 Schedule 32 ss DB 41, DV 12, LD 3, YA 1 Recipients of charitable or other public beneﬁt gifts Adventist Development and Relief Agency African Enterprise (New Zealand) Aid and Development Fund Akha Rescue Ministry Charitable Trust Alhay Buhay Foundation Trust Amnesty International Aotearoa Development Cooperative Bangladesh Flood Appeal Trust Books for Africa Caritas Aotearoa-New Zealand Channel 2 Cyclone Aid for Samoa Cheboche Area Trust Incorporated Childfund New Zealand Limited Children on the Edge (NZ) Trust Christian Blind Mission International (New Zealand) Christian World Service Community Action Overseas (Oxfam NZ) CORSO (Incorporated) Cry for the World Foundation New Zealand Humanitarian Aid Fund Cure Kids Cyclone Ofa Relief Fund Cyclone Val Relief Fund Deepavali Charitable Trust DIPS’N Charitable Trust (International) Educational Aid for International Development Trust Board Four Sherpa Trust Fund for Timor Global Hope Greater Mekong Subregion Tertiary Education Consortium Trust Habitat for Humanity New Zealand Limited Hamlin Charitable Fistula Hospitals Trust 3279 Schedule 32 Income Tax Act 2007 Reprinted as at 2 September 2013 Help a Child Foundation New Zealand Hope Foundation Development Trust Hope International Charitable Trust Ingwavuma Orphan Trust Fund of New Zealand International Christian Aid (ICA) Jasmine Charitable Trust No 2 Karunai Illam Trust Kyrgyzstan New Zealand Rural Trust L Women of Africa Fund Limbs 4 All Charitable Trust Medicine Mondiale Mission Without Borders (NZ), Humanitarian Aid Account Mobility Equipment for the Needs of Disabled Trust Nelson Mandela Trust (New Zealand) New Zealand Disaster Assistance Response Team Trust New Zealand Good Samaritan Heart Mission to Samoa Trust New Zealand Jesuits in India Trust New Zealand Sports Foundation (Incorporated) NZ-Iraqi Relief Charitable Trust New Zealand Viet Nam Health Trust OneSight New Zealand Open Home Foundation International Trust Operation Hope (Aid Ship
 to Africa) Operation Restore Hope Charitable Trust Operation Vanuatu Charitable Trust Orphans of Nepal Partners Relief and Development NZ Plan New Zealand Queen Elizabeth II Diamond Jubilee Trust “Raphael” (The Ryder-Cheshire Foundations of New Zealand) Register of Engineers for Disaster Relief New Zealand RNZWCS Limited Ruel Foundation Sampoerna Foundation Limited 3280 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 32 Save the Children New Zealand (and its branches) School Aid: Global Partnerships Through Schools Sport and Recreation New Zealand St Stanislas Charitable Trust of New Zealand Surf Aid International Incorporated Te Tuao Tawahi: Volunteer Service Abroad Incorporated Tender Trust The Band Aid Box The Cambodia Charitable Trust The Bouganville Library Trust The Branch Foundation The Commonwealth Foundation The Destitute Children’s Home, Pokhara, Charitable Trust The Evangelical Alliance Relief Fund (TEAR Fund) The Fred Hollows Foundation (NZ) The Food Bank of New Zealand The Hillary Himalayan Foundation The Hunger Project New Zealand The Leprosy Mission New Zealand Incorporated The Mutima Charitable Trust The New Zealand Council of the Ramabai Mukti Mission Trust Board The New Zealand Rotary Clubs Charitable Trust The New Zealand Society for the Intellectually Handicapped (Incorp- orated) The Norman Kirk Memorial Trust Fund The Paciﬁc Leprosy Foundation The Palestine Children’s Relief Fund Charitable Trust The Red Cross Society Incorporated The Serious Road Trip Charitable Trust The Sir Edmund Hillary Trust The Sir Walter Nash Vietnam Appeal The Unions Aotearoa International Development Trust The United Nations International Children’s Emergency Fund (UNICEF) 3281 Schedule 32 Income Tax Act 2007 Reprinted as at 2 September 2013 The Winston Churchill Memorial Trust The World Swim for Malaria Foundation (New Zealand) Together for Uganda Triyog Himalaya Trust UNHCR (United Nations High Commissioner for Refugees) Valehead Community Health Centre
 Trust Water for Survival Waterharvest Trust World Vision of New Zealand (Incorporated) Zonta International District 16 (New Zealand) Charitable Trust Schedule 32 Aotearoa Development Cooperative: inserted, on 1 April 2013 (applying for the 2013–14 and later income years), by section 168(1)(a) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
Schedule 32 Bright Hope International Trust: repealed, on 6 October 2009, by section 589(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 32 Childfund New Zealand Limited: inserted, on 1 April 2008, by section 559 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
Schedule 32 Christian Children’s Fund of New Zealand Limited (CCFNZ): repealed, on 1 April 2008, by section 559 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).

Schedule 32 Cure Kids: inserted (with effect on 1 April 2010), on 7 September 2010 (applying for the 2010–11 and later income years), by section 124(1) of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).
Schedule 32 Deepavali Charitable Trust: inserted, on 1 April 2013 (applying for the 2013–14 and later income years), by section 168(1)(b) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).

Schedule 32 Education Aid for International Development Trust Board: inserted, on 6 October 2009, by section 589(2) of the Taxation (International Taxation, Life In- surance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 32 Fund for Timor: inserted, (with effect on 1 April 2013 and applying for the 2013–14 and later income years), on 17 July 2013, by section 105(1) of the Taxa- tion (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).

Schedule 32 Global Hope: inserted, on 6 October 2009, by section 589(2) of the Tax- ation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 32 Hamlin Charitable Fistula Hospitals Trust: inserted, on 1 April 2008, by section 559 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).

Schedule 32 Hope Foundation Development Trust: inserted, on 1 April 2008, by sec- tion 559 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
3282 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 32 Schedule 32 Hope International Charitable Trust: inserted, on 1 April 2008, by sec- tion 559 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).

Schedule 32 Ingwavuma Orphan Trust Fund of New Zealand: inserted, on 6 October 2009, by section 589(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 32 Jasmine Charitable Trust No 2: inserted, on 1 April 2012 (applying for the 2012–13 and later tax years), by section 138(1)(a) of the Taxation (Tax Administra- tion and Remedial Matters) Act 2011 (2011 No 63).

Schedule 32 Kyrgyzstan New Zealand Rural Trust: inserted, on 6 October 2009, by section 589(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 32 L Women of Africa Fund: inserted, on 6 October 2009, by section 589(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 32 Limbs 4 All Charitable Trust: inserted, on 1 April 2008, by section 559 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
Schedule 32 New Zealand Disaster Assistance Response Team Trust: inserted, on 1 April 2008, by section 559 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).

Schedule 32 New Zealand Good Samaritan Heart Mission to Samoa Trust: inserted, on 1 April 2012 (applying for the 2012–13 and later tax years), by section 138(1)(b) of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).
Schedule 32 NZ-Iraqi Relief Charitable Trust: inserted, on 1 April 2012 (applying for the 2012–13 and later tax years), by section 138(1)(c) of the Taxation (Tax Admin- istration and Remedial Matters) Act 2011 (2011 No 63).

Schedule 32 OneSight New Zealand: inserted, (with effect on 1 April 2013 and apply- ing for the 2013–14 and later income years), on 17 July 2013, by section 105(1) of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).
Schedule 32 Operation Restore Hope Charitable Trust: inserted, on 1 April 2008, by section 559 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).

Schedule 32 Orphans of Nepal: inserted, on 1 April 2013 (applying for the 2013–14 and later income years), by section 168(1)(c) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
Schedule 32 Partners Relief and Development NZ: inserted, on 6 October 2009, by section 589(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 32 Queen Elizabeth II Diamond Jubilee Trust: inserted (with effect on 31 May 2012), on 2 November 2012, by section 168(1)(d) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
Schedule 32 RNZWCS Limited: inserted, on 1 April 2012 (applying for the 2012–13 and later tax years), by section 138(1)(d) of the Taxation (Tax Administration and Re- medial Matters) Act 2011 (2011 No 63).

3283 Schedule 32 Income Tax Act 2007 Reprinted as at 2 September 2013 Schedule 32 Ruel Foundation: inserted, on 1 April 2012 (applying for the 2012–13 and later tax years), by section 138(1)(e) of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).
Schedule 32 School Aid: Global Partnerships Through Schools: inserted, on 1 April 2013 (applying for the 2013–14 and later income years), by section 168(1)(e) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).

Schedule 32 Te Tuao Tawahi: Volunteer Service Abroad Incorporated: inserted, on 21 December 2010, by section 139(1)(a) of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).
Schedule 32 Tender Trust: inserted, on 6 October 2009, by section 589(2) of the Tax- ation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 32 The Band Aid Box: inserted, on 6 October 2009, by section 589(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 32 The Bouganville Library Trust: inserted, on 1 April 2011 (applying for the 2011–12 to 2016–17 tax years), by section 139(1)(b) of the Taxation (GST and Re- medial Matters) Act 2010 (2010 No 130).

inserted, on 1 April 2011 (applying for the Schedule 32 The Branch Foundation: 2011–12 to 2016–17 tax years), by section 139(1)(c) of the Taxation (GST and Remed- ial Matters) Act 2010 (2010 No 130).
Schedule 32 The Cambodia Charitable Trust: inserted, on 1 April 2012 (applying for the 2012–13 and later tax years), by section 138(1)(f) of the Taxation (Tax Administra- tion and Remedial Matters) Act 2011 (2011 No 63).

Schedule 32 The Destitute Children’s Home, Pokhara, Charitable Trust: inserted, on 6 October 2009, by section 589(2) of the Taxation (International Taxation, Life In- surance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 32 The Hunger Project New Zealand: inserted, (with effect on 1 April 2013 and applying for the 2013–14 and later income years), on 17 July 2013, by section 105(1) of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).

Schedule 32 The Mutima Charitable Trust: inserted, on 1 April 2011 (applying for the 2011–12 to 2016–17 tax years), by section 139(1)(d) of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).
Schedule 32 The Palestine Children’s Relief Fund Charitable Trust: inserted, on 6 October 2009, by section 589(2) of the Taxation (International Taxation, Life Insur- ance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 32 The Unions Aotearoa International Development Trust: inserted, on 1 April 2012 (applying for the 2012–13 and later tax years), by section 138(1)(g) of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).
Schedule 32 The Volunteer Service Abroad (Incorporated): repealed, on 21 Decem- ber 2010, by section 139(1)(e) of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).

Schedule 32 The World Swim for Malaria Foundation (New Zealand): inserted, on 1 April 2008, by section 559 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
3284 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 32 Schedule 32 Triyog Himalaya Trust: inserted, on 6 October 2009, by section 589(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 32 UNHCR (United Nations High Commissioner for Refugees): inserted, on 6 October 2009, by section 589(2) of the Taxation (International Taxation, Life In- surance, and Remedial Matters) Act 2009 (2009 No 34).
3285 Schedule 36 Income Tax Act 2007 Schedule 36 Government enterprises Reprinted as at 2 September 2013 s YA 1 Schedule 36 heading: replaced, on 30 June 2012, by section 11 of the Public Finance (Mixed Ownership Model) Amendment Act 2012 (2012 No 45).

Part A State enterprises Schedule 36 Part A heading: inserted, on 30 June 2012, by section 11 of the Public Finance (Mixed Ownership Model) Amendment Act 2012 (2012 No 45).
Agriquality New Zealand Limited Airways Corporation of New Zealand Limited Asure New Zealand Limited Crown Forestry Management Limited Electricity Corporation of New Zealand Limited Genesis Power Limited Government Property Services Limited Housing New Zealand Corporation Housing New Zealand Limited KiwiRail Holdings Limited Landcorp Farming Limited Learning Media Limited Meteorological Service of New Zealand Limited New Zealand Post Limited Quotable Value Limited Radio New Zealand Limited Solid Energy of New Zealand Limited Television New Zealand Limited Terralink NZ Limited Timberlands West Coast Limited Transpower New Zealand Limited Works and Development Services Corporation (NZ) Schedule 36 Part A: amended, on 30 August 2013, by section 10(2) of the State-Owned Enterprises Amendment Act 2012 (2012 No 44).
Schedule 36 Part A: amended, on 8 March 2013, by section 10(3) of the State-Owned Enterprises Amendment Act 2012 (2012 No 44).

Schedule 36 Part A: amended, on 31 December 2012, by clause 5 of the State-Owned Enterprises (KiwiRail Holdings Limited) Order 2012 (SR 2012/346).
3286 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 36 Part B Mixed-ownership enterprises Schedule 36 Part B: inserted, on 30 June 2012, by section 11 of the Public Finance (Mixed Ownership Model) Amendment Act 2012 (2012 No 45).

Air New Zealand Limited Meridian Energy Limited Mighty River Power Limited Schedule 36 Part B: amended, on 30 August 2013, by section 11(2) of the State-Owned Enterprises Amendment Act 2012 (2012 No 44).
Schedule 36 Part B: amended, on 8 March 2013, by section 11(3) of the State-Owned Enterprises Amendment Act 2012 (2012 No 44).
3287 Schedule 37 Income Tax Act 2007 Schedule 37 Statutory producer boards New Zealand Horticulture Export Authority New Zealand Meat Board New Zealand Pork Industry Board Reprinted as at 2 September 2013 s YA 1 3288 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 38 Schedule 38 Acts exempting income from tax: income included in family scheme income s MB 1 Schedule 38: inserted, on 1 April 2011, by section 140 of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).
Arbitration (International Investment Disputes) Act 1979 Consular Privileges and Immunities Act 1971 Diplomatic Privileges and Immunities Act 1968 International Finance Agreements Act 1961 Pitcairn Trials Act 2002 3289 Schedule 39 Income Tax Act 2007 Reprinted as at 2 September 2013 Schedule 39 Items for purposes of deﬁnition of special excluded depreciable property s EE 67 Schedule 39: inserted, on 1 April 2011 (applying for the 2011–12 and later income years), by section 99(1) of the Taxation (Budget Measures) Act 2010 (2010 No 27).
Carports (hired out to householders) Portable huts Cool-stores and freezing chambers Slaughterhouses on farms Fowl houses Plastic hothouses and PVC tunnel houses Glasshouses Buildings affected by acid Milking sheds Roofed livestock yards Wintering barns and simple loaﬁng barns Milk powder buildings Temporary buildings Fish processing buildings Tannery buildings affected by acid Schedule 39: amended (with effect on 1 April 2011), on 29 August 2011 (applying for the 2011–12 and later income years), by section 139(1) of the Taxation (Tax Adminis- tration and Remedial Matters) Act 2011 (2011 No 63).
3290 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 48 Schedule 48 Enactments repealed Public Acts repealed s ZA 1 Income Tax Act 2004 (2004 No 35) Regulations revoked Income Tax (Withholding Payments) Regulations 1979 (SR 1979/259) 3291 Schedule 49 Income Tax Act 2007 Schedule 49 Enactments amended Reprinted as at 2 September 2013 s ZA 2 Schedule 49: amended (with effect on 1 April 2008), on 6 October 2009, by section 590(a) of the Taxation (International Taxation, Life Insurance, and Re- medial Matters) Act 2009 (2009 No 34).
Schedule 49: amended (with effect on 1 April 2008), on 6 October 2009, by section 590(b) of the Taxation (International Taxation, Life Insurance, and Re- medial Matters) Act 2009 (2009 No 34).

Public Acts Animal Products Act 1999 (1999 No 93) Sections 22(1)(c) and 54(3)(a): “section OE 1 or section OE 2 of the Income Tax Act 2004” is replaced by “section YD 1 or YD 2 (excluding section YD 2(2)) of the Income Tax Act 2007” in each place where it appears.
Carter Observatory Act 1938 (1938 No 9) Section 22(2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Charities Act 2005 (2005 No 39) Section 13(2)(a)(i): “section CW 34 of the Income Tax Act 2004” is replaced by “section CW 41 of the Income Tax Act 2007”.

Section 13(2)(a)(ii): “section CW 35 of the Income Tax Act 2004” is replaced by “section CW 42 of the Income Tax Act 2007”.
Section 13(3): “section CW 34 or section CW 35 of the Income Tax Act 2004” is replaced by “section CW 41 or CW 42 of the Income Tax Act 2007”.

Section 20(4): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Example after section 30(2): “section KC 5 of the Income Tax Act 2004” is replaced by “subpart LD of the Income Tax Act 2007” in each place where it appears.

Section 47(a)(ii): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 73(2): “section KC 5 of the Income Tax Act 2004” is replaced by “subpart LD of the Income Tax Act 2007”.

3292 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Child Support Act 1991 (1991 No 142) Section 2, deﬁnitions of employee and employer: “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 2, deﬁnition of income from employment: “section OB 1 of the Income Tax Act 2004, and includes a payment made to a speci- ﬁed ofﬁce holder (as deﬁned in section OB 1 of the Income Tax Act 2004)” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 2, deﬁnition of source deduction payment: replace by the following: “source deduction payment means a PAYE income payment (as deﬁned in section RD 3 of the Income Tax Act 2007)”.
Section 2, deﬁnition of withholding income: “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 14(1)(ea): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 29(1)(b), deﬁnitions of tax year and taxable income: “sec- tion 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 30(5), deﬁnitions of gross married rate of invalid’s beneﬁt, gross married rate of unemployment beneﬁt, and gross single rate of invalid’s beneﬁt: “section NC 6(1D) of the Income Tax Act 2004” is replaced by “section RD 11(3) of the Income Tax Act 2007” in each place where it appears.

Sections 40(3)(ba)(ii), 44(1), 44A(1)(b), and 45(3)(a) to (c): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
Section 55(1)(da): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 77: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 89B, deﬁnition of income, paragraph (a): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 89B, deﬁnition of income, paragraph (b): “and the Income Tax Act 2004” is inserted after “Income Tax Act 1994”.
3293 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Child Support Act 1991 (1991 No 142)—continued Section 90(1)(ca): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 165(1) and (3): “section OB 1 of the Income Tax Act 2004” is replaced by “YA 1 of the Income Tax Act 2007” in each place where it appears.
Section 165(1): “the amount of any tax deduction made therefrom under the PAYE rules of the Income Tax Act 2004” is replaced by “the amount of any tax withheld or deducted under the PAYE rules of the Income Tax Act 2007”.

Section 166(2): “the amount of any tax deductions made under the PAYE rules of the Income Tax Act 2004” is replaced by “the amount of any tax withheld under the PAYE rules of the Income Tax Act 2007”.
Section 166(3): “section OB 1 of the Income Tax Act 2004” is re- placed by “section YA 1 of the Income Tax Act 2007”.

Section 216(5): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Companies Act 1993 (1993 No 105) Schedule 7, clause 5, paragraphs (b) to (d): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Companies (Bondholders Incorporation) Act 1934–35 (1934–35 No 39) Section 37: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Consumer Guarantees Act 1993 (1993 No 91) Section 5(1)(c)(i): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Co-operative Companies Act 1996 (1996 No 24) Section 24(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

3294 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Corporations (Investigation and Management) Act 1989 (1989 No 11) Sections 71(7) and 71A(2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
Dairy Industry Restructuring Act 2001 (2001 No 51) Sections 151(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 152, words before paragraph (a): “section OB 1 of the In- come Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 152(c) and (e): “Income Tax Act 2004” is replaced by “In- come Tax Act 2007” in each place where it appears.

Section 152(e): “section OB 1” is replaced by “section YA 1”.
Section 154(2): “sections OD 3(3) and OD 4(3) of the Income Tax Act 2004” is replaced by “sections YC 4 and YC 5 of the Income Tax Act 2007”.

Section 154(3): “sections IF 4 and IF 6 and subpart IG of the Income Tax Act 2004” is replaced by “subpart IE of the Income Tax Act 2007 and the provisions relevant to section IA 6 of that Act”.

Section 154(4): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 155(2) to (4): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 156(1), (2), (3) and (6): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 156(3): “section CW 35(5)(b)” is replaced by “section CW 42(5)(b)”.

Section 156(3)(a)(i): “section CB 4(1)(g)” is replaced by “section CB 5(1)(g)” in each place where it appears.

Section 156(3)(c): “section CW 43” is replaced by “section CW 51”.
Section 157(1) and (2): “Income Tax Act 2004” is replaced by “In- come Tax Act 2007” in each place where it appears.

3295 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Disabled Persons Employment Promotion Repeal Act 2007 (2007 No 11) Section 9: “and section CW 33(1)(d) of the Income Tax Act 2007” is inserted after “Income Tax Act 2004”.

Earthquake Commission Act 1993 (1993 No 84) Section 10(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Education Act 1989 (1989 No 80) Sections 205(2)(a), 218(2)(a), 219(2)(a), 244(2)(a), 294(2)(a), 298(2)(a), and 300(2)(a): “section IF 1(1)(a) of the Income Tax Act 2004” is replaced by “section IA 5(2) of the Income Tax Act 2007” in each place where it appears.

Sections 205(2)(b), 218(2)(b), 219(2)(b), 244(2)(b), 294(2)(b), 298(2)(b), and 300(2)(b): “section IG 1 of the Income Tax Act 2004” is replaced by “section IA 6 of the Income Tax Act 2007” in each place where it appears.
Sections 205(2)(c), 218(2)(c), 219(2)(c), 244(2)(c), 294(2)(c), 298(2)(c), and 300(2)(c): “section ME 5(1)(i) of the Income Tax Act 2004, or in a taxpayer’s dividend withholding payment account under section MG 5(1)(i) of that Act, or in a taxpayer’s branch equivalent tax account under section MF 4(3)(d) of that Act” is replaced by “section OB 41 of the Income Tax Act 2007, or in a taxpayer’s FDP account under section OC 24 of that Act, or in a taxpayer’s branch equivalent tax account under section OE 15 of that Act” in each place where it appears.
Section 307A(1), deﬁnition of tax ﬁle number: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Electricity Industry Reform Act 1998 (1998 No 88) Section 60(d): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 63(1): “Section FD 10(9) of the Income Tax Act 2004” is replaced by “Section FM 22 of the Income Tax Act 2007”.
3296 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Electricity Industry Reform Act 1998 (1998 No 88)—continued Section 66(1) and (2): “sections CB 3 and CB 4 of the Income Tax Act 2004” is replaced by “sections CB 4 and CB 5 of the Income Tax Act 2007” in each place where it appears.

Section 67(1): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Energy Companies Act 1992 (1992 No 56) Section 54(2), words before paragraph (a): “sections IE 1, IF 1, IG 2(1) and IG 2(2)(e) of the Income Tax Act 2004” is replaced by “section IA 5 of the Income Tax Act 2007”.

Section 54(2), words after paragraph (b): “deemed by the Income Tax Act 2004 to hold” is replaced by “treated by the Income Tax Act 2007 as holding”.

Section 54(4): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 62(2) and (3): “sections IE 1, IF 1, IG 2(1) and IG 2(2)(e) of the Income Tax Act 2004” is replaced by “section IA 5 of the Income Tax Act 2007” in each place where it appears.

Section 62(2): “deemed by the Income Tax Act 2004 to hold” is replaced by “treated by the Income Tax Act 2007 as holding”.

Section 62(3): “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 62(5): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Energy Resources Levy Act 1976 (1976 No 71) Section 17(3): “Income Tax Act 2004 or the Tax Administration Act 1994, the provisions of section MH 1 of the Income Tax Act 2004” is replaced by “Income Tax Act 2007 or the Tax Administration Act 1994, the provisions of section RA 7 of the Income Tax Act 2007”.

Section 27: “Income Tax Act 2004, section HK 11” is replaced by “Income Tax Act 2007, section HD 15”.
3297 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Estate and Gift Duties Act 1968 (1968 No 35) Section 74A: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 74B: “deﬁned in the Income Tax Act 2004” is replaced by “deﬁned in the Income Tax Act 2007”.

Section 74B: “Income Tax Act 2004, or would constitute such a divi- dend but for the application of section CD 19” is replaced by “that Act, or would constitute such a dividend but for the application of section CD 27”.
Sections 74C(1): “section OB 1 of the Income Tax Act 2004” is re- placed by “section YA 1 of the Income Tax Act 2007”.

Section 74D: “section CD 24B of the Income Tax Act 2004” is re- placed by “section CD 34 of the Income Tax Act 2007”.

Section 75(1)(b)(ii) and (c)(ii), and (2): “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 75(1)(e): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 75B, heading: “Income Tax Act 2004” is replaced by “In- come Tax Act 2007”.

Section 75B(1)(a): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 75B(1)(c): “Income Tax Act 2004” is replaced by “that Act”.

Fencing of Swimming Pools Act 1987 (1987 No 178) Section 2, deﬁnition of owner, paragraph (a): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Finance Act 1987 (1987 No 200) Section 6(2): “Neither of subsection (1) nor subsection (6) of section IF 1 of the Income Tax Act 2004 applies” is replaced by “Sections IA 5 and IZ 5 of the Income Tax Act 2007 do not apply”.

Section 6(3): “Income Tax Act 2004, no deduction shall be made under section IG 2(2)” is replaced by “Income Tax Act 2007, no de- duction shall be made under section IC 5”.

Section 6(4): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
3298 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Finance Act 1988 (1988 No 107) Section 7: “fringe beneﬁt tax (within the meaning of the Income Tax Act 2004)” is replaced by “FBT (within the meaning of the Income Tax Act 2007)”.
Finance Act (No 2) 1988 (1988 No 128) Section 23: replace by the following: “23 Amendment to Income Tax Act 2007 The Income Tax Act 2007 is amended by omitting from sched- ule 36 the item ‘Crown Forestry Management Limited’.” Finance Act 1991 (1991 No 93) Section 26: replace by the following: “26 Amendment to Income Tax Act 2007 The Income Tax Act 2007 is amended by omitting from sched- ule 36 the item ‘Timberlands West Coast Limited’.” Fisheries Act 1996 (1996 No 88) Section 59(10)(c): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 59(10)(d): “section OD 7 of the Income Tax Act 2004, except that paragraph (e) of the deﬁnition of market value circumstance in section OB 1” is replaced by “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), except that paragraph (e) of the deﬁnition of market value circumstance in section YA 1”.
Goods and Services Tax Act 1985 (1985 No 141) Section 2, deﬁnition of hire purchase agreement: “section OB 1 of the Income Tax Act 2004; but includes an agreement that would be a hire purchase agreement but for the exclusion in paragraph (g)” is replaced by “section YA 1 of the Income Tax Act 2007; but includes an agreement that would be a hire purchase agreement but for the exclusion in paragraph (f)”.
Section 2, deﬁnitions of income year, New Zealand, provisional tax, tax ﬁle number, and tax year: “section OB 1 of the Income 3299 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Goods and Services Tax Act 1985 (1985 No 141)—continued Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007” in each place where it appears.
Section 2, the deﬁnition of resident: “sections OE 1 and OE 2(1) of the Income Tax Act 2004” is replaced by “sections YD 1 and YD 2 (excluding section YD 2(2)) of the Income Tax Act 2007”.

Section 2A(2), (3)(a) to (c), and (7): “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.

Sections 5(6E)(b)(ii) “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 10(3)(c), (3C), and (3D): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 10(7)(a): “sections CX 18, and ND 1S to ND 1V of the In- come Tax Act 2004” is replaced by “sections CX 27, and RD 54 to RD 57 of the Income Tax Act 2007”.

Section 10(15C): “section IG 1 of the Income Tax Act 2004” is re- placed by “section IA 6 of the Income Tax Act 2007” in each place where it appears.
Section 11A(1)(r): “section IG 1 of the Income Tax Act 2004” is replaced by “section IA 6 of the Income Tax Act 2007”.

Section 15B(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 15D(4): “Sections MB 26 and MB 27 of the Income Tax Act 2004” is replaced by “Section RC 27 of the Income Tax Act 2007”.

Section 15E(3)(b): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 19D(2): “section OB 1 of the Income Tax Act 2004” is re- placed by “section YA 1 of the Income Tax Act 2007”.

Section 20A(1), deﬁnitions of taxable income, tax year, and tax- payer: “taxpayer have the same meaning as in section OB 1 of the Income Tax Act 2004” is replaced by “taxpayer have the same mean- ings as in section YA 1 of the Income Tax Act 2007” in each place where it appears.
Section 21I(1) and (4): “Income Tax Act 2004” is replaced by “In- come Tax Act 2007” in each place where it appears.

3300 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Goods and Services Tax Act 1985 (1985 No 141)—continued Section 21I(5): “section CW 13 or CW 14 of the Income Tax Act 2004” is replaced by “section CW 17 or CW 18 of the Income Tax Act 2007”.
Section 23A(1): “sections ND 9, ND 10, ND 13 and ND 14 of the Income Tax Act 2004” is replaced by “sections RA 15, and RD 59 to RD 62 of the Income Tax Act 2007 and sections 46B to 46D of the Tax Administration Act 1994”.

Section 23A(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 23A(1) and (2): “fringe beneﬁt tax” is replaced by “FBT” in each place where it appears.
Section 48A(1): “section OB 1 of the Income Tax Act 1994” is re- placed by “section YA 1 of the Income Tax Act 2007”.

Section 55(1): “section IG 1 of the Income Tax Act 2004” is replaced by “section IA 6 of the Income Tax Act 2007”.

Section 61: “Section HK 11 of the Income Tax Act 2004” is replaced by “Section HD 15 of the Income Tax Act 2007”.

Section 61A: “Section OB1 of the Income Tax Act 2004” is replaced by “Section YA 1 of the Income Tax Act 2007”.
Government Superannuation Fund Act 1956 (1956 No 47) Section 15D(2): “section HJ 1 of the Income Tax Act 2004” is re- placed by “section HR 4 of the Income Tax Act 2007”.

Government Superannuation Fund Amendment Act 1990 (1990 No 30) Section 10(1)(b) and (3): “Income Tax Act 2004” is replaced by “In- come Tax Act 2007” in each place where it appears.

Section 32(1)(b): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 33(1)(b) and (3): “Income Tax Act 2004” is replaced by “In- come Tax Act 2007” in each place where it appears.

Health and Safety in Employment Act 1992 (1992 No 96) Section 59(2)(c): “section OB 2(2) of the Income Tax Act 2004” is replaced by “section RD 3(2) to (4) of the Income Tax Act 2007”.
3301 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Health Sector (Transfers) Act 1993 (1993 No 23) Section 8(4): “sections CB 5 to CB 21 or EE 37 to EE 44 of the Income Tax Act 2004” is replaced by “sections CB 6 to CB 23 or EE 44 to EE 52 of the Income Tax Act 2007”.

Section 8(5): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 8(6): “sections EE 34 to EE 36 of the Income Tax Act 2004” is replaced by “sections EE 41 to EE 43 of the Income Tax Act 2007”.
Home Ownership Savings Act 1974 (1974 No 51) Section 14A(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 14D(5): “a rebate is allowable under section KG 1(1) of the Income Tax Act 2004” is replaced by “tax credit is allowed under section LZ 9 of the Income Tax Act 2007”.

Section 14L(b): “subpart ID of the Income Tax Act 2004” is replaced by “sections RZ 7 to RZ 10 of the Income Tax Act 2007”.
Section 14M(1), words before paragraph (a): “subpart ID of the In- come Tax Act 2004” is replaced by “sections RZ 7 to RZ 10 of the Income Tax Act 2007”.

Hop Industry Restructuring Act 2003 (2003 No 16) Section 11: “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 11(2)(b): “OD 5(5)” is replaced by “YC 10”.

Section 11(3): “OB 1” is replaced by “YA 1”.


Housing Corporation Act 1974 (1974 No 19) Section 56(2)(a): “subparagraphs (v) and (vi) of section FE 6(5)(a) and subparagraphs (iv) and (v) of section FE 7(1)(a) of the Income Tax Act 2004” is replaced by “section FO 12(1)(b) and (d) of the Income Tax Act 2007”.
Housing Restructuring and Tenancy Matters Act 1992 (1992 No 76) Section 42(1), deﬁnition of standard tax: “section NC 8 of the In- come Tax Act 2004” is replaced by “section 24B of the Tax Admin- istration Act 1994”.
3302 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Housing Restructuring and Tenancy Matters Act 1992 (1992 No 76)—continued Section 46(2)(c) and (3)(b): “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.

Schedule 2, clauses 5, 9(c), and 10(a)(ii): “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.
Injury Prevention, Rehabilitation, and Compensation Act 2001 (2001 No 49) Section 6, deﬁnition of close company: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 6, deﬁnition of employee, paragraph (a): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 6, deﬁnition of employee, paragraph (b): “section OB 2(2) of the Income Tax Act 2004” is replaced by “section RD 3(2) to (4) of the Income Tax Act 2007”.

Section 6, deﬁnition of employer, paragraph (a): “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 6, deﬁnition of employer, paragraph (a)(ii): “section OB 2(2) of the Income Tax Act 2004” is replaced by “section RD 3(2) to (4) of the Income Tax Act 2007”.
Section 6, deﬁnition of employer, paragraph (b): “paragraph (b)(ix) or (xi) to (xvi) of the deﬁnition of salary or wages in section OB 1 of the Income Tax Act 2004” is replaced by “section RD 5(1)(b)(iii), (6)(b), or (c) of the Income Tax Act 2007”.

Section 6, after the deﬁnition of partner: insert the following: “PAYE income payment has the same meaning as in section RD 3(1) of the Income Tax Act 2007”.
Section 6, deﬁnition of private domestic worker: “section NC 16 of the Income Tax Act 2004” is replaced by “section RD 4 of the Income Tax Act 2007”.

Section 6, deﬁnition of source deduction payment: omit.

3303 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Injury Prevention, Rehabilitation, and Compensation Act 2001 (2001 No 49)—continued Section 6, deﬁnition of tax year: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 9(1): “source deduction payments” is replaced by “PAYE income payments”.

Sections 10(2) and (4)(c): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 11(1)(a): “withholding payment” is replaced by “schedular payment”.

Section 11(1)(c): “section GD 3 of the Income Tax Act 2004” is replaced by “sections CD 11, CW 63, DB 58, GB 23, and GB 24 of the Income Tax Act 2007”.
Section 11(1)(d): “section GD 5 of the Income Tax Act 2004” is replaced by “section GB 25 of the Income Tax Act 2007”.

Section 11(1)(h)(i): after “Income Tax Act 2004” insert “or section DC 2 of the Income Tax Act 2007”.

Section 11(1)(h)(ii): after “Income Tax Act 2004” insert “or section DC 3 of the Income Tax Act 2007”.

Section 11(1)(h)(iii): “section FF 17 of the Income Tax Act 2004” is replaced by “sections FB 11 and FB 12 of the Income Tax Act 2007”.
Section 11(2): “withholding payment have the same meanings as in section OB 1 of the Income Tax Act 2004” is replaced by “schedular payment have the same meanings as in section YA 1 of the Income Tax Act 2007”.

Section 14(2)(a) and (3): “Income Tax Act 2004” is replaced by “In- come Tax Act 2007” in each place where it appears.

Section 15(2)(a): “source deduction payments” is replaced by “PAYE income payments”.
Section 15(2)(b): “source deduction payments under section OB 2(2) of the Income Tax Act 2004” is replaced by “PAYE income payments under section RD 3(2) to (4) of the Income Tax Act 2007”.

Section 99(b): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
3304 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Injury Prevention, Rehabilitation, and Compensation Act 2001 (2001 No 49)—continued Section 169A(1)(a): “section IE 1 of the Income Tax Act 2004” is replaced by “sections IA 1 to IA 4, IA 7(9) and IA 9 of the Income Tax Act 2007”.

Section 169A(1)(b): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 169A(1)(b): “section HG 16 of the Income Tax Act 2004” is replaced by “sections HA 20, HA 24, HA 26, HA 27, and IA 7(2) of the Income Tax Act 2007”.

Section 193(5)(b): “section MC 1 of the Income Tax Act 2004” is replaced by “section RA 3 of the Income Tax Act 2007”.

Section 193(9)(a): “section NC 2(1) of the Income Tax Act 2004” is replaced by “section RD 16 of the Income Tax Act 2007”.
Section 193(9)(c): “section OB 2(2) of the Income Tax Act 2004” is replaced by “section RD 3(2) to (4) of the Income Tax Act 2007”.

Section 204(1)(b): “ ‘loss attributing qualifying company’ (as deﬁned in section OB 1 of the Income Tax Act 2004)” is replaced by “loss-attributing qualifying company (as deﬁned in section YA 1 of the Income Tax Act 2007)”.

Section 221(3): “section OB 1 of the Income Tax Act 2004” is re- placed by “section YA 1 of the Income Tax Act 2007”.
Section 236(2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 246(1), (3) and (4): “section OB 2(2) of the Income Tax Act 2004” is replaced by “section RD 3(2) to (4) of the Income Tax Act 2007” in each place where it appears.

Section 316(6): “section OB 1 of the Income Tax Act 2004” is re- placed by “section YA 1 of the Income Tax Act 2007”.

Schedule 1, clause 30: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Schedule 4, clause 1, words before paragraph (a): “the PAYE rules of the Income Tax Act 2004” is replaced by “the PAYE rules of the Income Tax Act 2007”.
Schedule 4, clause 1(a): “source deduction payment (or, as the case may require, salary or wages)” is replaced by “PAYE income pay- 3305 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Injury Prevention, Rehabilitation, and Compensation Act 2001 (2001 No 49)—continued ment (or, as the case may require, salary or wages under section RD 5 of the Income Tax Act 2007)”.

Schedule 4, clause 1(c): “a tax deduction, which tax deduction” is replaced by “an amount of tax, which amount”.
Schedule 4, clause 1(db): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Schedule 4, clause 2: “tax deduction made” is replaced by “amount of tax withheld”.

Schedule 4, clause 3: “section NC 4 of the Income Tax Act 2004” is replaced by “section RD 6 of the Income Tax Act 2007”.

Schedule 4, clause 4(a): “the amount of any tax deduction” is re- placed by “any amount of tax”.

Schedule 4, clause 4(b): “tax deductions” is replaced by “amounts of tax”.
Schedule 4, clause 4(b): “a tax deduction” is replaced by “an amount of tax withheld and”.

Schedule 4, clause 5: “section NC 16 of the Income Tax Act 2004” is replaced by “section RD 4 of the Income Tax Act 2007”.

Schedule 4, clause 7(b): “section MC 1 of the Income Tax Act 2004” is replaced by “section RA 3 of the Income Tax Act 2007”.

Schedule 4, clause 8: “section KC 2 of the Income Tax Act 2004” is replaced by “section LC 3 of the Income Tax Act 2007”.
Schedule 4, clause 8: “makes a tax deduction” is replaced by “with- holds an amount of tax”.

Schedule 4, clause 9: “sections LD 1(2), LD 1(3), NC 2(1), NC 6, NC 7, NC 8, NC 9, NC 13, and NC 14 of the Income Tax Act 2004” is replaced by “sections LA 3, LA 6, RA 2, RD 10, RD 11, RD 16, RD 18 of the Income Tax Act 2007 and sections 24B to 24P of the Tax Administration Act 1994”.

Schedule 4, clause 14: “combined tax and earner levy deduction” is replaced by “combined tax and earner-related payment”.
Schedule 4, clause 22: is replaced by the following: “(22) For the purposes of this schedule, combined tax and earner-related payment, Commissioner, employee, em- income tax, PAYE intermediary, PAYE income ployer, 3306 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Injury Prevention, Rehabilitation, and Compensation Act 2001 (2001 No 49)—continued payment, salary or wages, and shareholder-employee have the same meanings as in the Income Tax Act 2007.” Insolvency Act 2006 (2006 No 55) Section 182(1): “section OD 1 of the Income Tax Act 2004” is re- placed by “section YC 1 of the Income Tax Act 2007”.
Section 274(5)(b) to (d): “Income Tax Act 2004” is replaced by “In- come Tax Act 2007” in each place where it appears.

Insurance Companies Deposits Act 1953 (1953 No 50) Section 22A, deﬁnition of New Zealand person: “section OE 1 of the Income Tax Act 2004” is replaced by “section YD 1 of the Income Tax Act 2007”.

Investment Advisers (Disclosure) Act 1996 (1996 No 104) Section 2(3)(a): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Kiwifruit Industry Restructuring Act 1999 (1999 No 95) Section 23(1), (2), (3), (4), and (6): “Income Tax Act 2004” is re- placed by “Income Tax Act 2007” in each place where it appears.

Section 23(2)(b): “OD 5(5)” is replaced by “YC 10”.

Section 23(3): “OB 1” is replaced by “YA 1”.

Section 23(4): “HF 1(9)” is replaced by “HE 3”.


KiwiSaver Act 2006 (2006 No 40) Section 4, deﬁnition of employer monthly schedule: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 4, deﬁnition of employment: replace by the following: “employment means employment (including the activities re- ferred to in paragraph (a) of the deﬁnition of that term in sec- tion YA 1 of the Income Tax Act 2007) for which salary or wages is payable 3307 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 KiwiSaver Act 2006 (2006 No 40)—continued “ESCT rules has the same meaning as in section YA 1 of the Income Tax Act 2007”.
Section 4, deﬁnition of pay period: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007)”.

Section 4, deﬁnition of PAYE period: “has the same meaning as in section NC 15(8) of the Income Tax Act 2004” is replaced by “means, as the case may require, the ﬁrst payment period or the second payment period, (as those terms are deﬁned in the Income Tax Act 2007)”.
Section 4, deﬁnition of PAYE rules: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 4, deﬁnition of remittance certiﬁcate: “has the same mean- ing as in section OB 1 of the Income Tax Act 2004” is replaced by “means a PAYE payment form as deﬁned in section YA 1 of the In- come Tax Act 2007”.
Section 4, deﬁnition of salary or wages: “paragraphs (a) to (c) of the deﬁnition of salary or wages in section OB 1 of the Income Tax Act 2004” is replaced by “section RD 5(1)(a) to (c) of the Income Tax Act 2007”.

Section 4, deﬁnition of salary or wages, paragraph (a): “subpara- graphs (iv), (v), (viii), (ix), or (xi) of paragraph (b) of that deﬁnition” is replaced by “sections RD 5(4), (6)(a) to (c), and RD 68”.
Section 4, deﬁnition of salary or wages, paragraph (b): “section OB 1 of the Income Tax Act 2004” is replaced by “section RD 7 of the Income Tax Act 2007”.

Section 4, deﬁnition of SSCWT rules: repeal.

Section 4, deﬁnition of tax ﬁle number: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 6(2)(a): “a New Zealand resident (within the meaning of sections OE 1 and OE 2 of the Income Tax Act 2004)” is replaced by “a New Zealand resident (within the meaning of sections YD 1 or YD 2 (excluding section YD 2(2) of the Income Tax Act 2007)”.
3308 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 KiwiSaver Act 2006 (2006 No 40)—continued Section 6(2)(b): “carries on a business from a ﬁxed establishment in New Zealand (within the meaning of section OB 1 of the Income Tax Act 2004)” is replaced by “carries on a business from a ﬁxed establishment in New Zealand (within the meaning of section YA 1 of the Income Tax Act 2007)”.
Section 12(1)(a) and (2)(a): “casual agricultural worker within the meaning of section OB 1 of the Income Tax Act 2004” is replaced by “casual agricultural worker within the meaning of section YA 1 of the Income Tax Act 2007” in each place where it appears.
Section 14(1)(a) and (b): replace by the following: “(a) if the person is an employee only because they are in receipt of payments of salary or wages of a type referred to in any of the following sections in the Income Tax Act 2007: “(i) section RD 5(1)(b)(iii) (which relates to certain ACC payments): section RD 5(3) (which relates to payments to working partners): “(ii) “(iii) section RD 5(7) (which relates to parental leave payments paid under Part 7A of the Parental Leave and Employment Protection Act 1987): “(b) if the new employment is as an election day worker or a private domestic worker as those terms are deﬁned in section YA 1 of the Income Tax Act 2007:”.
Section 17(5): “section NC 15 of the Income Tax Act 2004” is re- placed by “sections RA 5, RA 20, RD 2(3), RD 4(1), and RD 22 of the Income Tax Act 2007 and sections 24J and 24P of the Tax Ad- ministration Act 1994”.

Section 23(2): “section NC 15 of the Income Tax Act 2004” is re- placed by “sections RA 5, RA 20, RD 2(3), RD 4(1), and RD 22 of the Income Tax Act 2007 and sections 24J and 24P of the Tax Ad- ministration Act 1994”.
Section 26(1)(d): “speciﬁed superannuation contribution withhold- ing tax payable under the SSCWT rules” is replaced by “ESCT payable under the ESCT rules”.

Section 34(4): “section NC 15 of the Income Tax Act 2004” is re- placed by “sections RA 5, RA 20, RD 2(3), RD 4(1), and RD 22 of 3309 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 KiwiSaver Act 2006 (2006 No 40)—continued the Income Tax Act 2007 and sections 24J and 24P of the Tax Ad- ministration Act 1994”.
Section 63: “section OB 1 of the Income Tax Act 2004) who is acting under subpart NBA of Part N of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007) who is acting under sections RP 1 to RP 16 of that Act”.

Section 65(2): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 66(b)(i): “a speciﬁed superannuation contribution within the meaning of section OB 1 of the Income Tax Act 2004” is replaced by “an employer’s superannuation contribution within the meaning of section YA 1 of the Income Tax Act 2007”.

Section 67(1)(b): “tax deductions” is replaced by “amounts of tax withheld”.
Section 67(3)(a): “sections BC 1, LD 1, NC 2(1), NC 2(5), NC 6, NC 7, NC 8, NC 8A, NC 9, NC 13, and NC 14 of the Income Tax Act 2004” is replaced by “sections BC 1, LA 6, RA 2, RD 9 to RD 11, RD 16, RD 17, and RD 18 of the Income Tax Act 2007 and sections 24B to 24P of the Tax Administration Act 1994”.

Section 67(4): “tax deduction made” is replaced by “amount of tax withheld”.

Section 67(5): “tax deductions required to be made” is replaced by “amounts of tax required to be withheld”.
Section 69(1)(b): “section NC 15 of the Income Tax Act 2004” is replaced by “section RA 15 of the Income Tax Act 2007”.

Section 73(b): “employer monthly schedule delivered under sec- tion NC 15 of the Income Tax Act 2004” is replaced by “employer monthly schedule delivered under section RD 4 of the Income Tax Act 2007”.
Section 78: “pay the deduction to the Commissioner under section NC 15 of the Income Tax Act 2004” is replaced by “pay the deduc- tion to the Commissioner under section RD 4 of the Income Tax Act 2007”.

3310 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 KiwiSaver Act 2006 (2006 No 40)—continued Section 86, deﬁnition of lowest tax rate: replace by the following: “lowest tax rate is the tax rate in schedule 1, part A, table 1, row 1, column 2 of the Income Tax Act 2007”.
Section 91: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 93(1): “a speciﬁed superannuation contribution within the meaning of section OB 1 of the Income Tax Act 2004” is replaced by “an employer’s superannuation contribution within the meaning of section YA 1 of the Income Tax Act 2007”.

Section 93(2): “remittance certiﬁcate” is replaced by “PAYE pay- ment form”.

Section 93(3): “section NC 15 of the Income Tax Act 2004” is re- placed by “section RD 4 of the Income Tax Act 2007”.
Section 93(3): “of tax deductions, as if the contribution were a tax deduction” is replaced by “of amounts of tax withheld, as if the con- tribution were an amount of tax”.

Section 93(4): “section NC 15” is replaced by “section RD 4”.

Section 96(2): “speciﬁed superannuation contribution withholding tax payable under the SSCWT rules” is replaced by “ESCT payable under the ESCT rules”.
Section 98(2): “speciﬁed superannuation contribution withholding tax payable under the SSCWT rules” is replaced by “ESCT payable under the ESCT rules”.

Section 98(3)(a): “combined tax and earner premium deductions (within the meaning of the Income Tax Act 2004)” is replaced by “combined tax and earner-related payments (within the meaning of the Income Tax Act 2007)”.
Section 99(2): “speciﬁed superannuation contribution withholding tax payable under the SSCWT rules” is replaced by “ESCT payable under the ESCT rules”.

Section 144(3)(a): “deﬁnition of settlement in section OB 1 of the Income Tax Act 2004” is replaced by “deﬁnition of settlement in section YA 1 of the Income Tax Act 2007”.
3311 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 KiwiSaver Act 2006 (2006 No 40)—continued Section 215(4)(a): “tax deductions payable and speciﬁed superannu- ation contribution withholding tax payable” is replaced by “tax de- ductions or withholdings payable and ESCT payable”.

Section 215(4)(b): “speciﬁed superannuation contribution withhold- ing tax” is replaced by “ESCT”.

Section 227(a): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Legal Services Act 2000 (2000 No 42) Schedule 1, clause 2(1)(e): “subparts MA to MF and MZ of the In- come Tax Act 2007 or” is inserted before “subpart KD of the Income Tax Act 2004”.

Local Government Act 1974 (1974 No 66 Section 707ZZZS(2)(b): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 707ZZZT: “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
Section 707ZZZT(b): “sections IG 1 and IG 2” is replaced by “sec- tion IA 6”.

Local Government Amendment Act 1989 (1989 No 1) Section 29A: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Local Government Act 2002 (2002 No 84) Schedule 3, clause 69(6): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Schedule 9, clause 6, heading: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Schedule 9, clause 6(1) and (2): “sections CB 5 to CB 21 of the Income Tax Act 2004” is replaced by “sections CB 6 to CB 23 of the Income Tax Act 2007” in each place where it appears.

Schedule 9, clause 6(3): “sections EE 34(1) to (3) and EZ 11 of the Income Tax Act 2004” is replaced by “sections EE 41(1) to (3) and EZ 12 of the Income Tax Act 2007”.
3312 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Local Government (Auckland) Amendment Act 2004 (2004 No 57) Section 30(5): “section YA 1 of the Income Tax Act 2007 and in” is inserted before “section OB 1 of the Income Tax Act 1994”.

Maori Reserved Land Amendment Act 1997 (1997 No 101) Section 22(2): “section CW 28(1)(g) of the Income Tax Act 2004” is replaced by “section CW 34(1)(g) of the Income Tax Act 2007”.
Maori Trust Boards Act 1955 (1955 No 37) Section 24B(2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 41A(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Misuse of Drugs Amendment Act 2005 (2005 No 81) Section 31, deﬁnition of manufacturer: “section OD 7 of the Income Tax Act 2004” is replaced by “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)”.
Motor Vehicle Sales Act 2003 (2003 No 12) Section 6(1), in the deﬁnition of hire purchase agreement: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

National Provident Fund Restructuring Act 1990 (1990 No 126) Section 25(1)(c): “section EZ 45 of the Income Tax Act 2004” is replaced by “section EZ 48 of the Income Tax Act 2007”.

Section 35(2)(a): “section IF 1(1)(a) of the Income Tax Act 2004” is replaced by “section IA 5(2) of the Income Tax Act 2007”.
Section 35(2)(b): “section IG 1 of the Income Tax Act 2004” is re- placed by “section IA 6 of the Income Tax Act 2007”.
Section 35(2)(c): “dividend withholding payment account, or branch equivalent tax account under section ME 5 or section MF 4 or section MG 5 of the Income Tax Act 2004” is replaced by “FDP account, or branch equivalent tax account under section OA 6(2), (3), or (5), as 3313 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 National Provident Fund Restructuring Act 1990 (1990 No 126)—continued described in table O2, table O4, or table O8 of the Income Tax Act 2007”.
National Provident Fund Restructuring Amendment Act 1997 (1997 No 83) Schedule 2, clause 8(a): “section IF 1(1)(a) of the Income Tax Act 2004” is replaced by “section IA 5(2) of the Income Tax Act 2007”.

Schedule 2, clause 8(b): “section IG 1 of the Income Tax Act 2004” is replaced by “section IA 6 of that Act”.
Schedule 2, clause 8(c): “dividend withholding payment account, or branch equivalent tax account under section ME 5 or section MF 4 or section MG 5 of the Income Tax Act 2004” is replaced by “FDP account, or branch equivalent tax account under section OA 6(2), (3), or (5), as described in table O2, table O4, or table O8 of that Act”.

Schedule 2, clause 9(a): “Income Tax Act 2004” is replaced by “In- come Tax Act 2007”.
New Zealand Superannuation and Retirement Income Act 2001 (2001 No 84) Section 5(1), deﬁnition of net cost: “any tax deduction made or re- quired to be made under the PAYE rules in the Income Tax Act 2004” is replaced by “any amount of tax deducted or withheld, or required to be deducted or withheld under the PAYE rules in the Income Tax Act 2007”.

Section 15(1), deﬁnition of standard tax: “section NC 8 of the In- come Tax Act 2004” is replaced by “section 24B of the Tax Admin- istration Act 1994”.
Section 43, item net cost in formula: “any tax deduction made or re- quired to be made under the PAYE rules in the Income Tax Act 2004” is replaced by “any amount of tax deducted or withheld, or required to be deducted or withheld under the PAYE rules in the Income Tax Act 2007”.

Section 76(1) and (2): “Income Tax Act 2004” is replaced by “In- come Tax Act 2007”.
3314 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 New Zealand Superannuation and Retirement Income Act 2001 (2001 No 84)—continued Section 76(4): “section ME 1 of the Income Tax Act 2004” is re- placed by “section OB 1 of the Income Tax Act 2007”.

Schedule 1: “section NC 8 of the Income Tax Act 2004” is replaced by “section 24B of the Tax Administration Act 1994”.
New Zealand Tourism Board Act 1991 (1991 No 110) Schedule 1, clause 21: “Income Tax Act 2004” is replaced by “In- come Tax Act 2007”.

Parental Leave and Employment Protection Act 1987 (1987 No 129) Section 71C, deﬁnition of net income: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Perpetuities Act 1964 (1964 No 47) Section 19(1): “section DC 6 of the Income Tax Act 2004” is replaced by “section DC 7 of that Act”.
Section 19(1) and (1A): “Income Tax Act 2004” is replaced by “In- come Tax Act 2007” in each place where it appears.

Section 19(1A): “section OB 1” is replaced by “section YA 1”.

Petroleum Sector Reform Act 1988 (1988 No 95) Section 3, heading and provisions: “Income Tax Act 2004” is re- placed by “Income Tax Act 2007” in each place where it appears.

Port Companies Act 1988 (1988 No 91) Section 38(4)(a): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Privacy Act 1993 (1993 No 28) Section 6, principle 12(2): “section OD 7 of the Income Tax Act 2004” is replaced by “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)”.
3315 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Privacy Act 1993 (1993 No 28)—continued Section 103(1B): “subpart KD of the Income Tax Act 2004” is re- placed by “subparts MA to MF and MZ of the Income Tax Act 2007”.

Public Audit Act 2001 (2001 No 10) Section 43: “sections CW 31 and CW 32 of the Income Tax Act 2004” is replaced by “sections CW 38 and CW 39 of the Income Tax Act 2007”.
Public Service Investment Society Management Act (No 2) 1979 (1979 No 9) Section 2(2): “section OD 1 of the Income Tax Act 2004” is replaced by “section YC 1 of the Income Tax Act 2007”.

Radiocommunications Act 1989 (1989 No 148) Sections 153(2) and 161(2): “section OD 7 of the Income Tax Act 2004” is replaced by “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)” in each place where it appears.
Rates Rebate Act 1973 (1973 No 5) Section 2(1), deﬁnition of income, paragraphs (c) and (d)(vi): “In- come Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 2(2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Securities Act 1978 (1978 No 103) Section 2, deﬁnition of associated persons or persons associated with each other: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 2, deﬁnition of convertible note: “section OB 1 of the In- come Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 2, deﬁnition of relative: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

3316 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Securities Act 1978 (1978 No 103)—continued Section 5(1)(h): “section OB 1 of the Income Tax Act 2004” is re- placed by “section YA 1 of the Income Tax Act 2007”.
Sentencing Act 2002 (2002 No 9) Section 127(1), deﬁnition of hire purchase agreement: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Smoke-free Environments Act 1990 (1990 No 108) Section 2(1), deﬁnition of manufacturer: “section OD 7 of the In- come Tax Act 2004” is replaced by “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)”.
Social Security Act 1964 (1964 No 136) Section 3(1), deﬁnition of income, paragraph (f)(xviii): “subparts MA to MF and MZ of the Income Tax Act 2007 or” is inserted before “subpart KD of the Income Tax Act 2004”.

Section 3(1), deﬁnition of income tax: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 3(3)(c)(i): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 3(3)(c)(ii): “section OE 1 or section OE 2(1) of the Income Tax Act 2004” is replaced by “section YD 1 or YD 2 (excluding section YD 2(2)) of the Income Tax Act 2007”.

Section 11A(10): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 61G(7), deﬁnition of tax credit: “subparts MA to MF and MZ of the Income Tax Act 2007 or” is inserted before “subpart KD of the Income Tax Act 2004”.
Section 70(4): “section CW 23 of the Income Tax Act 2004” is re- placed by “section CW 28 of the Income Tax Act 2007”.
Section 80B, deﬁnition of income, paragraph (b): “tax deduction on any of those beneﬁts under the fourth proviso to section NC 6(1) of the Income Tax Act 2004” is replaced by “tax withheld or deducted 3317 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Social Security Act 1964 (1964 No 136)—continued for any of those beneﬁts under section RD 11(3) of the Income Tax Act 2007”.
Section 82A(5): “section OB 1 of the Income Tax Act 2004” is re- placed by “section YA 1 of the Income Tax Act 2007”.

Section 83(3): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 83A(4)(b)(iii): replace by the following: “(iii) the Income Tax Act 2004, be considered to be “(iv) income of the person; or the Income Tax Act 2007, be considered to be income of the person.” Section 83A(6), deﬁnition of income-tested beneﬁt: after “Income Tax Act 2004” insert “or section YA 1 of the Income Tax Act 2007”.
Section 83A(6), deﬁnition of source deduction payment: add “and includes a PAYE income payment, as that term is deﬁned in section RD 3 of the Income Tax Act 2007 (if applicable)”.
Section 83A(6), deﬁnition of speciﬁed provision, paragraph (d): re- place by the following: “(d) “(e) section NC 6(1D) of the Income Tax Act 2004; or section RD 11(3) of the Income Tax Act 2007.” Section 86G(2): “tax deductions that would be required to be made in accordance with the PAYE rules of the Income Tax Act 2004” is replaced by “amount of tax required to be withheld or deducted in accordance with the PAYE rules of the Income Tax Act 2007”.
Section 132H(2)(i): “loss-attributing qualifying companies (within the meaning of the Income Tax Act 2004)” is replaced by “loss-at- tributing qualifying companies (within the meaning of the Income Tax Act 2007)”.

Schedule 18, clause 1, deﬁnition of base rate, paragraphs (b) and (d): “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.
Schedule 18, clause 1, deﬁnition of base rate, paragraphs (e)(ii) and (g)(ii): “subparts MA to MF and MZ of the Income Tax Act 2007 or” is inserted before “subpart KD of the Income Tax Act 2004”.
3318 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Social Security Act 1964 (1964 No 136)—continued Schedule 22, clause 2: “deducted pursuant to tax code ‘G’ (as speciﬁed in section NC 8 of the Income Tax Act 2004)” is replaced by “withheld pursuant to tax code ‘M’ (as speciﬁed in section 24B(3) of the Tax Administration Act 1994)”.
Stamp and Cheque Duties Act 1971 (1971 No 51) Section 86F, deﬁnition of approved issuer: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 86F, deﬁnition of interest: “paragraphs (a) and (c) of the deﬁnition of ‘interest’ in section OB 1 of the Income Tax Act 2004” is replaced by “paragraphs (a) and (b) of the deﬁnition of interest in section YA 1 of the Income Tax Act 2007”.
Section 86F, deﬁnition of money lent: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 86F, deﬁnition of paid and payment: “paragraph (c) of the deﬁnition of ‘pay’ in section OB 1 of the Income Tax Act 2004” is replaced by “paragraph (c) of the deﬁnition of pay in section YA 1 of the Income Tax Act 2007”.

Section 86I: “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
Section 86L(2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

State Insurance Act 1990 (1990 No 36) Section 13(5): “section MD 2 of the Income Tax Act 2004” is re- placed by “sections RM 13 to RM 17 of the Income Tax Act 2007”.

Section 13(6): “section ME 5 of the Income Tax Act 2004” is re- placed by “section OA 6(2), as described in table O2 of the Income Tax Act 2007”.

Section 13(7): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
3319 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 State-Owned Enterprises Act 1986 (1986 No 124) Section 10A(2)(c): “Schedule 18 of the Income Tax Act 2004” is replaced by “schedule 36 of the Income Tax Act 2007”.

Section 12(2)(d): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
State-Owned Enterprises Amendment Act 1996 (1996 No 82) Section 6, heading and provision: “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 6: “Schedule 18” is replaced by “schedule 36”.

State-Owned Enterprises (AgriQuality Limited and Asure New Zealand Limited) Act 2007 (2007 No 21) Section 8(1)(a): “Schedule 18 of the Income Tax Act 2004” is re- placed by “Schedule 36 of the Income Tax Act 2006”.
State-Owned Enterprises (Meteorological Service of New Zealand Limited and Vehicle Testing New Zealand Limited) Amendment Act 1999 (1999 No 65) Section 3(9): “Income Tax Act 2004 is amended by omitting from Schedule 18” is replaced by “Income Tax Act 2007 is amended by omitting from schedule 36”.

Student Loan Scheme Act 1992 (1992 No 141) Section 2, deﬁnition of employee: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 2, deﬁnition of employer: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 2, deﬁnition of extra emolument by: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 2, deﬁnition of gross income: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 2, deﬁnition of income-tested beneﬁt: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

3320 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Student Loan Scheme Act 1992 (1992 No 141)—continued Section 2, deﬁnition of net income: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 2, deﬁnition of non-resident: “section OE 1 of the Income Tax Act 2004” is replaced by “section YD 1 of the Income Tax Act 2007”.

Section 2, deﬁnition of PAYE intermediary: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 2, deﬁnition of primary employment earnings: “section OB 1 of the Income Tax Act 2004” is replaced by “section 3(1) of the Tax Administration Act 1994”.
Section 2, deﬁnition of resident: “section OE 1 of the Income Tax Act 2004” is replaced by “section YD 1 of the Income Tax Act 2007”.

Section 2, deﬁnition of salary or wages: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 2, deﬁnition of secondary employment earnings: “section OB 1 of the Income Tax Act 2004” is replaced by “section 3(1) of the Tax Administration Act 1994”.
Section 2, deﬁnition of tax year: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 14A(2): “section OE 4 of the Income Tax Act 2004” is re- placed by “section YD 4 of the Income Tax Act 2007.” Section 15(5): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007.” Section 16, heading: “Income Tax Act 2004” is replaced by “In- come Tax Act 2007”.
Section 16: “section KB 2 and paragraph (b) of the deﬁnition of ‘ap- plicable basic tax rate’ in section OB 1 of the Income Tax Act 2004” is replaced by “section LC 10 and paragraph (b) of the deﬁnition of basic tax rate in section YA 1 of the Income Tax Act 2007”.

Section 17(2): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 17B: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
3321 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Student Loan Scheme Act 1992 (1992 No 141)—continued Section 18(2)(b): “section NC 8(1) of the Income Tax Act 2004” is replaced by “section 24B(3) of the Tax Administration Act 1994”.

Section 19(3): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 21(2) and (3): “section NC 14 of the Income Tax Act 2004” is replaced by “section 24F of the Tax Administration Act 1994” in each place where it appears.
Section 25, heading: “Income Tax Act 2004” is replaced by “In- come Tax Act 2007”.

Section 25(1): “section OB 1” is replaced by “section YA 1”.

Section 25(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 25(1)(b): “tax deductions” is replaced by “withholding or deducting an amount of tax”.
Section 25(2): “sections BC 1, LD 1(2) and (3), NC 2(1), NC 6, NC 7, NC 16, and NC 17 of the Income Tax Act 2004” is replaced by “sections BC 1, LD 1(2) and (3), RC 2(1), RC 6, RC 7, RC 16, and RC 17 of the Income Tax Act 2007”.

Section 25(3): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 27(2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 28(2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 28(2)(b): “provisional taxpayer” is replaced by “provisional taxpayer or a person liable to pay provisional tax”.

Section 28(3)(a): “sections MB 2(3) and MB 4(3)(a) of the Income Tax Act 2004 (which determine the amount of provisional tax payable) and section LD 7” is replaced by “sections RC 3 and RC 5(2) of the Income Tax Act 2007 and section LB 2”.

Section 28(3)(b): “section MB 4(3)(b) of the Income Tax Act 2004” is replaced by “section RC 5(3) of the Income Tax Act 2007”.
Section 28(3)(c): “section MB 7 of the Income Tax Act 2004” is replaced by “section RC 8 of the Income Tax Act 2007”.
3322 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Student Loan Scheme Act 1992 (1992 No 141)—continued Section 28(3)(d): “section MB 8(3)(a)(i) and (ii) and (b)(i) of the Income Tax Act 2004 (which provide for exceptions to the require- ments of section MB 8(2)” is replaced by “section RC 9(4)(a)(i) and (ii) and (b)(i) of the Income Tax Act 2007 (which provide for excep- tions to the requirements of section RC 9(3)”.
Section 28(3)(e): “section MB 8(4) of the Income Tax Act 2004” is replaced by “section RC 9(5) of the Income Tax Act 2007”.

Section 28(3)(f): “sections MB 10, MB 15, MB 17, MB 18, MB 23, and MB 32 of the Income Tax Act 2004” is replaced by “sections RC 11, RC 16 to RC 19, RC 24, and RC 31 of the Income Tax Act 2007”.

Section 30(1): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 38AH(c)(i): “source deduction payment, as deﬁned in sec- tion OB 2(1) of the Income Tax Act 2004” is replaced by “PAYE income payment as deﬁned in section RD 3(1) of the Income Tax Act 2007”.

Section 44(3), deﬁnition of due date, paragraphs (a) and (b): “sched- ule 13 of the Income Tax Act 2004” is replaced by “schedule 3 of the Income Tax Act 2007” in each place where it appears.

Section 44A(3)(a) and (b): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
Section 44A(4)(b): “schedule 13, part A, of the Income Tax Act 2004” is replaced by “schedule 3, part A of the Income Tax Act 2007”.

Section 55B(4): “Section NC 14 of the Income Tax Act 2004” is replaced by “Section 24F of the Tax Administration Act 1994”.

Superannuation Schemes Act 1989 (1989 No 10) Section 23(1): “section GD 8 of the Income Tax Act 2004” is re- placed by “section EY 11 of the Income Tax Act 2007”.
Section 30(a): “section GD 8 of the Income Tax Act 2004” is replaced by “section EY 11 of the Income Tax Act 2007”.

3323 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Takeovers Act 1993 (1993 No 107) Section 44L, deﬁnition of associated person, paragraph (a): “In- come Tax Act 2004” is replaced by “Income Tax Act 2007”.

Tarawera Forest Act 1967 (1967 No 45) Section 16, heading: “Income Tax Act 1976” is replaced by “In- come Tax Act 2007”.
Section 16: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Taxation Review Authorities Act 1994 (1994 No 165) Section 3(2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 17(4), deﬁnition of widely-held company: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Te Arawa Lakes Settlement Act 2006 (2006 No 43) Section 84(2), deﬁnitions of market value and voting interest: “sec- tion 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.

Trustee Companies Management Act 1975 (1975 No 25) Section 2(2): “section OD 1 of the Income Tax Act 2004” is replaced by “section YC 1 of the Income Tax Act 2007”.
Tutae-Ka-Wetoweto Forest Act 2001 (2001 No 48) Section 10: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Unit Trusts Act 1960 (1960 No 99) Section 2(1), deﬁnition of unit trust, paragraph (g): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 3(4): “section OD 1 of the Income Tax Act 2004” is replaced by “section YC 1 of the Income Tax Act 2007”.
3324 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Unit Trusts Act 1960 (1960 No 99)—continued Section 6A(b): “section OD 1 of the Income Tax Act 2004” is re- placed by “section YC 1 of the Income Tax Act 2007”.

Section 6C(b): “section OD 1 of the Income Tax Act 2004” is re- placed by “section YC 1 of the Income Tax Act 2007”.
War Pensions Act 1954 (1954 No 54) Section 67(1), deﬁnition of employment income, paragraph (a)(i): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 67(1), deﬁnition of employment income, paragraph (a)(ii): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 67(1), deﬁnition of employment income, paragraph (b): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 74C(1), deﬁnition of standard tax: “section NC 8 of the Income Tax Act 2004” is replaced by “section 24B of the Tax Ad- ministration Act 1994”.

Wool Industry Restructuring Act 2003 (2003 No 40) Section 36(1)(b) and (c): “Income Tax Act 2004” is replaced by “In- come Tax Act 2007” in each place where it appears.

Section 36(2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 36(2)(b) and (4)(b): “section OD 5(5)” is replaced by “sec- tion YC 10”.
Section 36(3): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 36(4), (5) and (6): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 37: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 38(1) and (2): “section OC 3 of the Income Tax Act 2004” is replaced by “section CV 5 of the Income Tax Act 2007” in each place where it appears.
3325 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Wool Industry Restructuring Act 2003 (2003 No 40)—continued Section 39(2) and (3): “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.
Schedule 49 Goods and Services Tax Act 1985 section 2, deﬁnitions of income year (and following): item amended (with effect on 1 April 2008), on 29 August 2011 (ap- plying 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 49 Goods and Services Tax Act 1985 section 20A(1): 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 49 Injury Prevention, Rehabilitation, and Compensation Act 2001 section 6, deﬁnition of private domestic worker: 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 49 Injury Prevention, Rehabilitation, and Compensation Act 2001 section 11(1)(h)(iii): 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 Admin- istration and Remedial Matters) Act 2011 (2011 No 63).
Schedule 49 Insolvency Act 2006 section 274(5)(b) to (d): 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 49 KiwiSaver Act 2006 section 153(d): item repealed (with effect from 1 November 2007), on 19 December 2007, by section 137 of the Taxation (KiwiSaver) Act 2007 (2007 No 110).
Schedule 49 National Provident Fund Restructuring Amendment Act 1997 sched- ule 2, clause 8(c): 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 49 Te Arawa Lakes Settlement Act 2006 section 84(2): 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).
Private Acts ANZ Banking Group (New Zealand) Act 1979 (1979 No 1) Section 7(4): “section OE 4(1)(m) of the Income Tax Act 2004” is replaced by “section YD 4(11)(a) of the Income Tax Act 2007.” 3326 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Countrywide Banking Corporation Limited Act 1994 (1994 No 1) Section 9(2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Museum of Transport and Technology Act 2000 (2000 No 1) Section 19(4): “sections EE 41 to EE 44 of the Income Tax Act 2004” is replaced by “sections EE 48 to EE 52 of the Income Tax Act 2007”.

National Bank of New Zealand Limited Act 1994 (1994 No 3) Section 9(2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Public Service Investment Society Limited Act 1998 (1998 No 3) Section 13(3): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Southland Flood Relief Committee Empowering Act 1992 (1992 No 1) Section 8: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Sydenham Money Club Act 2001 (2001 No 2) Section 18(2) and (3): “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.

Te Runanga O Ngai Tahu Act 1996 (1996 No 1) Section 30(1)(c): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 31(3)(c): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Tower Corporation Act 1990 (1990 No 2) Section 26(2)(a): “section IF 1(1)(a) of the Income Tax Act 2004” is replaced by “section IA 5(2) of the Income Tax Act 2007”.

3327 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Tower Corporation Act 1990 (1990 No 2)—continued Section 26(2)(b): “section IG 1 of the Income Tax Act 2004” is re- placed by “section IA 6 of the Income Tax Act 2007”.
In section 26(2)(c), replace “FDP account under table O4” by “FDP account under section OA 6(3) as described in table O4”, and replace “branch equivalent tax account under table O8” by “branch equiva- lent tax account under section OA 6(5) as described in table O8”.

Section 26(5): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Local Acts Auckland War Memorial Museum Act 1996 (1996 No 4) Section 21(4): “sections EE 37 to EE 44 of the Income Tax Act 2004” is replaced by “sections EE 44 to EE 52 of the Income Tax Act 2007”.

Section 21(5): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Hawke’s Bay Crematorium Act 1944 (1944 No 7) Section 5(3): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Hawke’s Bay Regional Council (Surplus Funds Distribution) Empowering Act 1999 (1999 No 4) Section 5(2): “section ME 8 of the Income Tax Act 2004” is replaced by “sections OB 60 and OB 61 of the Income Tax Act 2007”.

Selwyn Plantation Board Empowering Act 1992 (1992 No 4) Section 17, heading: “Income Tax Act 2004” is replaced by “In- come Tax Act 2007”.

Section 17(1): “sections CB 5 to CB 21 of the Income Tax Act 2004” is replaced by “sections CB 6 to CB 23 of the Income Tax Act 2007”.
Section 17(2), (4), and (5): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

3328 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Westpac New Zealand Act 2006 (2006 No 3) Section 4, deﬁnition of Inland Revenue Acts: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 18(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 18(1)(c) and (d): “Income Tax Act 2004” is replaced by “In- come Tax Act 2007” in each place where it appears.

Section 18(1)(e): “EW 43, and GD 11 of the Income Tax Act 2004” is replaced by “EW 42, and GB 21 of the Income Tax Act 2007”.

Section 18(2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 18(3): “section DB 23 of the Income Tax Act 2004” is re- placed by “section DB 31 of the Income Tax Act 2007”.
Section 19(1), (2), (3), (6)(c), (7), (8), (9), and (10): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 19(1)(a)(ii): “section DB 41” is replaced by “section DB 50”.

Section 19(4): “DB 41 of the Income Tax Act 2004” is replaced by “section DB 50 of the Income Tax Act 2007”.

Section 19(7)(b): “sections EE 37 to EE 44” is replaced by “sections EE 44 to EE 49, and EE 51 and EE 52”.
Section 19(12): “section OB 1 of the Income Tax Act 2004” is re- placed by “section YA 1 of the Income Tax Act 2007”.

Schedule 49 Hawke’s Bay Regional Council (Surplus Funds Distribution) Empow- ering Act 1999 section 5(2): 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 Taxa- tion (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).
Regulations Animal Products (Regulated Control Scheme—Bivalve Molluscan Shellﬁsh) Regulations 2006 (SR 2006/38) Regulation 38(1)(b): “section OE 1 or section OE 2 of the Income Tax Act 2004” is replaced by “section YD 1 or YD 2 (excluding section YD 2(2)) of the Income Tax Act 2007”.
3329 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Animal Products (Regulated Control Scheme—Limited Processing Fishing Vessels) Regulations 2001 (SR 2001/334) Regulation 34(1)(c): “section OE 1 or section OE 2 of the Income Tax Act 2004” is replaced by “section YD 1 or YD 2 (excluding section YD 2(2)) of the Income Tax Act 2007”.
Cooperative Dairy Companies Income Tax Regulations 1955 (SR 1955/55) Regulation 2, deﬁnition of available subscribed capital per share: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Regulation 2, deﬁnition of gross income: “section OB 1 of the In- come Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Cooperative Milk Marketing Companies Income Tax Regulations 1960 (SR 1960/1) Regulation 2, deﬁnition of available subscribed capital per share: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Regulation 2, deﬁnition of gross income: “section OB 1 of the In- come Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Cooperative Pig Marketing Companies Income Tax Regulations 1964 (SR 1964/37) Regulation 2, deﬁnition of available subscribed capital per share: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Regulation 2, deﬁnition of gross income: “section OB 1 of the In- come Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Financial Reporting Order 1994 (SR 1994/134) Clause 4, item headed Depreciation, paragraph (a): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

3330 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Financial Reporting Order 1994 (SR 1994/134)—continued Clause 4, item headed Speciﬁed leases: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Clause 4, item headed Speciﬁed leases, paragraph (a): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Fishing Industry Board (Dissolution) Regulations 2002 (SR 2002/211) Regulation 5B(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Forestry Encouragement Grants Regulations 1983 (SR 1983/37) Regulation 2, deﬁnition of Maori authority: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Schedule 1, clause 3: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Health Entitlement Cards Regulations 1993 (SR 1993/169) Regulation 2, deﬁnition of family credit income, paragraph (a): “section KD 1 of the Income Tax Act 2004” is replaced by “subpart MB of the Income Tax Act 2007”.
Regulation 2, in the deﬁnition of family credit income, paragraph (b): “ ‘subpart KD credit’ and any ‘family tax credit’ (as those terms are deﬁned in section OB 1 of the Income Tax Act 2004” is replaced by “family assistance credit and any family tax credit (as that term is deﬁned in section YA 1 of the Income Tax Act 2007”.
Regulation 2, deﬁnition of net income: “net income as deﬁned in section OB 1 of the Income Tax Act 2004” is replaced by “net income as deﬁned in section YA 1 of the Income Tax Act 2007”.

Regulation 2, deﬁnition of net income, paragraph (d): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Regulation 2, deﬁnition of net income, paragraph (e)(i): “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
3331 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Health Entitlement Cards Regulations 1993 (SR 1993/169)—con- tinued Regulation 2, deﬁnition of net income, paragraph (e)(ii): “section OE 1 or section OE 2 of the Income Tax Act 2004” is replaced by “section YD 1 or YD 2 (excluding section YD 2(2)) of the Income Tax Act 2007”.
Regulation 2, deﬁnition of Part KD credit is replaced by: “family assistance credit means a credit of tax identiﬁed in Part M of the Income Tax Act 2007, excluding any family tax credit”.

Regulation 2, deﬁnition of tax year: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Regulation 8: “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
Regulation 8: “subpart KD” is replaced by “subparts MA to MF and MZ” in each place where it appears.

Regulation 8: “subpart KD credit” is replaced by “family assistance credit” in each place where it appears.

Income Tax Act (Exempt Unit Trusts) Order 1990 (SR 1990/254) Clause 2: “section HE 1 of the Income Tax Act 2004” is replaced by “section HD 13 of the Income Tax Act 2007”.
Income Tax (Adverse Event Income Equalisation Scheme Rate of Interest) Regulations 1995 (SR 1995/57) Regulation 2: “section EH 41 of the Income Tax Act 2004” is re- placed by “section EH 40 of the Income Tax Act 2007”.

Income Tax (Calculation of Interest on Fringe Beneﬁt Tax) Regulations 1993 (SR 1993/144) Regulation 2, heading and provisions: “fringe beneﬁt tax” is replaced by “FBT” in each place where it appears.
Regulation 2(a): “section ND 13 of the Income Tax Act 2004” is replaced by “section RD 61 of the Income Tax Act 2007”.

Regulation 2(b): “section ND 14 of the Income Tax Act 2004” is replaced by “section RD 60 of the Income Tax Act 2007”.

3332 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Income Tax (Calculation of Interest on Fringe Beneﬁt Tax) Regulations 1993 (SR 1993/144)—continued Regulation 4: “fringe beneﬁt tax” is replaced by “FBT”.
Regulation 5(1) and (2): “section ND 13 of the Income Tax Act 2004” is replaced by “section RD 61 of the Income Tax Act 2007” in each place where it appears.

Regulation 5(1)(a) and (2)(a): “fringe beneﬁt tax” is replaced by “FBT” in each place where it appears.

Regulation 6(1), item b: “fringe beneﬁt tax” is replaced by “FBT”.

Regulation 6: “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Regulation 6: “ND 13” is replaced by “RD 61”.


Regulation 6: “ND 14” is replaced by “RD 60” in each place where it appears.

Regulation 7: “fringe beneﬁt tax” is replaced by “FBT”.

Income Tax (Cook Islands Development Projects) Order 1986 (SR 1986/27) In clause 3: “section CW 47 of the Income Tax Act 2004” is replaced by “section CW 59 of the Income Tax Act 2007”.
Income Tax (Depreciation Determinations) Regulations 1993 (SR 1993/232) Regulation 2: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Income Tax (Refund of Excess Tax) Order 2003 (SR 2003/74) Clause 3, heading: “section MD 1(1A) of the Income Tax Act 2004” is replaced by “section RM 5 of the Income Tax Act 2007”.

Clause 3: “section MD 1(1A) of the Income Tax Act 2004” is re- placed by “section RM 5 of the Income Tax Act 2007”.
Income Tax (Social Assistance Suspensory Loans) Order 1995 (SR 1995/79) In clause 2: “sections EW 47 and EZ 35 of the Income Tax Act 2004” is replaced by “sections EW 45 and EZ 38 of the Income Tax Act 2007”.
3333 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Injury Prevention, Rehabilitation, and Compensation (Earners’ Levy) Regulations 2006 (SR 2006/16) [Repealed] Injury Prevention, Rehabilitation, and Compensation (Earners’ Levy) Regulations 2007 (SR 2007/71) Regulation 3, deﬁnition of tax year: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Injury Prevention, Rehabilitation, and Compensation (Self-Employed Work Account Levies) Regulations 2006 (SR 2006/62) [Repealed] Injury Prevention, Rehabilitation, and Compensation (Work Account Levies) Regulations 2007 (SR 2007/70) Regulation 3, deﬁnition of tax year: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Parental Leave and Employment Protection Regulations 2002 (SR 2002/98) Regulation 8(1)(d): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Securities Act (Telecom Corporation of New Zealand Limited) Exemption Notice 2001 (SR 2001/286) Clause 4(1), deﬁnition of control: “section OD 1(1) of the Income Tax Act 2004” is replaced by “section YC 1(1) of the Income Tax Act 2007”.
Social Security (Temporary Additional Support) Regulations 2005 (SR 2005/334) Regulation 13, example 1, item 1 and example 2, item 1: “subpart KD of the Income Tax Act 2004” is replaced by “subparts MA to MF and MZ of the Income Tax Act 2007”.
3334 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Social Security (Temporary Additional Support) Regulations 2005 (SR 2005/334)—continued Schedule 1, clause 3(b): “subpart KD of the Income Tax Act 2004” is replaced by “subparts MA to MF and MZ of the Income Tax Act 2007”.

Schedule 1, clause 3(b)(i): “section KD 6 or section KD 7 of that Act” is replaced by “section 80KI to 80KU of the Tax Administration Act 1994”.
Schedule 3, part 1, clause 1(b): “subpart KD of the Income Tax Act 2004” is replaced by “subparts MA to MF and MZ of the Income Tax Act 2007” Securities Regulations 1983 (SR 1983/121) Regulation 2(1), deﬁnition of associated persons or persons asso- ciated with each other: “Income Tax Act 2004” is replaced by “In- come Tax Act 2007”.
Student Allowances Regulations 1998 (SR 1998/277) Regulation 2(1), deﬁnition of foreign-sourced amount: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Regulation 2(1), deﬁnition of personal income, paragraph (d): “In- come Tax Act 2004” is replaced by “Income Tax Act 2007”.

Regulation 2(1), deﬁnition of taxable income: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Regulation 2(1), deﬁnition of tax year: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Superannuation Schemes (Fees) Regulations 1992 (SR 1992/284) Schedule, part 2, clause 1: “section GD 8 of the Income Tax Act 2004” is replaced by “section EY 11 of the Income Tax Act 2007”.

Tax Administration (Binding Rulings) Regulations 1999 (SR 1999/236) Regulation 3(1A)(a): “section FB 2 of the Income Tax Act 2004” is replaced by “section YD 5 of the Income Tax Act 2007”.
3335 Schedule 49 Income Tax Act 2007 Reprinted as at 2 September 2013 Tax Administration (Binding Rulings) Regulations 1999 (SR 1999/236)—continued Regulation 3(1A)(b): “section GD 13” is replaced by “sections GC 6 to GC 14”.

Taxation (Abated Interim Payments of Part KD Credit) Regulations 2002 (SR 2002/52) Regulation 1: “Subpart KD” is replaced by “subparts MA to MF and MZ”.
Regulation 3, heading and subclause (1): “section KD 6(1)(b) of the Income Tax Act 2004” is replaced by “section 80KN(1)(b) of the Tax Administration Act 1994”.

Taxation (Australian Wine Equalisation Tax Rebate) Regulations 2006 (SR 2006/105) Regulation 4, deﬁnition of Australian ﬁnancial year: “section CV 4(3) of the Income Tax Act 2004” is replaced by “section CV 8(3) of the Income Tax Act 2007”.
Regulation 4, deﬁnition of Australian wine producer rebate: “sec- tion OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Taxation Review Authorities Regulations 1998 (SR 1998/460) Schedule, form 1: “the Income Tax Act 1994, the Income Tax Act 2004” is replaced by “the Income Tax Act 2004, the Income Tax Act 2007”.

Taxation (Use of Money Interest Rates) Regulations 1998 (SR 1998/105) Regulation 1(2)(a): after “2004”, insert “or the Income Tax Act 2007”.
Taxation (Use of Money Interest Rates Setting Process) Regulations 1997 (SR 1997/7) Regulation 1(2)(a): after “2004”, insert “or the Income Tax Act 2007”.

3336 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 49 Telecommunications (Information Disclosure) Regulations 1999 (SR 1999/383) Regulation 2, deﬁnition of subvention payment: “section IG 1 of the Income Tax Act 2004” is replaced by “sections IA 6 and IC 1 to IC 6 of the Income Tax Act 2007”.
Schedule 49 Injury Prevention, Rehabilitation, and Compensation (Earners’ Levy) Regulations 2006: item repealed, on 1 April 2008, by section 560 of the Taxation (Busi- ness Taxation and Remedial Matters) Act 2007 (2007 No 109).

Schedule 49 Injury Prevention, Rehabilitation, and Compensation (Earners’ Levy) Regulations 2007: item inserted, on 1 April 2008, by section 560 of the Taxation (Busi- ness Taxation and Remedial Matters) Act 2007 (2007 No 109).
Schedule 49 Injury Prevention, Rehabilitation, and Compensation (Self-Employed Work Account Levies) Regulations 2006: item repealed, on 1 April 2008, by section 560 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).

Schedule 49 Injury Prevention, Rehabilitation, and Compensation (Work Account Levies) Regulations 2007: item inserted, on 1 April 2008, by section 560 of the Taxa- tion (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
Schedule 49 Taxation (Abated Interim Payments of Part KD Credit) Regulations 2002 regulation 1: 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).
3337 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 2013 Schedule 50 Amendments to Tax Administration Act 1994 s ZA 2 Tax Administration Act 1994 (1994 No 166) Section 2 Section 2(4): “the Income Tax Act 2007”, is inserted before “the Income Tax Act 2004”.

Section 3 Section 3(1), deﬁnition of accounting period: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of activities undertaken as an airport op- erator: “activities as an airport operator in section OC 1(6) of the Income Tax Act 2004” is replaced by “airport operator activities in section HR 7 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of assessment: “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.
Section 3(1), deﬁnition of authorised savings institution: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of base amount: “section OB 1 of the In- come Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of basis of exemption: “has the meaning given by section NF 9(2) of the Income Tax Act 2004” is replaced by “is the basis of exemption referred to in section 32E(2)”.
Section 3(1), deﬁnition of certiﬁcate of exemption: repeal.

Section 3(1), deﬁnition of combined tax and earner premium de- duction or combined tax and earner levy deduction: replace by the following: “combined tax and earner-related payment— “(a) unless paragraph (b) applies, has the same meaning as in section YA 1 of the Income Tax Act 2007: is deﬁned in section 167(4) of this Act for the purposes of that section”.
“(b) 3338 Reprinted as at 2 September 2013 Section 3—continued Income Tax Act 2007 Schedule 50 Section 3(1), deﬁnition of commercial production: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of consideration: “section OB 1 of the In- come Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of contract payment: “regulation 2(1) of the Income Tax (Withholding Payments) Regulations 1979” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of co-operative company: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of disposition: “paragraph (d) of the deﬁn- ition of dispose in section OB 1 of the Income Tax Act 2004” is re- placed by “paragraph (e) of the deﬁnition of dispose in section YA 1 of the Income Tax Act 2007”.

Section 3(1), after the deﬁnition of disqualifying penalty: insert the following: “dividend treated as interest, in sections 25 and 51 of this Act, has the same meaning as in section YA 1 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of employer: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of exploratory well: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of exploratory well expenditure: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of family certiﬁcate of entitlement: “cer- tiﬁcate” is replaced by “notice” in each place where it appears.
Section 3(1), deﬁnition of family certiﬁcate of entitlement: “sec- tion KD 5 of the Income Tax Act 2004 in respect of the estimated entitlement of that person to a credit of tax allowable under section KD 2 or, as the case may be, sections KD 2 and KD 3 of that Act” is 3339 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 2013 Section 3—continued replaced by “section 80KD for the estimated entitlement of the per- son to a tax credit under the family scheme in subparts MA to MF and MZ of the Income Tax Act 2007”.
Section 3(1), deﬁnition of ﬁrst PAYE period: replace by the follow- ing: “ﬁrst payment period, in section 47 and 173 of this Act, has the same meaning as in section YA 1 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of fringe beneﬁt: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 3(1), deﬁnition of gift-exempt body, paragraph (a): “any of the paragraphs of section KC 5(1) of the Income Tax Act 2004” is replaced by “schedule 32 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of gift-exempt body, paragraph (b): “a cer- tiﬁcate of exemption in accordance with section NF 9 of that Act as a result of an application made in which application the basis for ex- emption claimed is that set out in subsection (1)(i) or subsection (1)(j) of that section” is replaced by “an RWT exemption certiﬁcate under section 32E as a result of an application made claiming the basis for exemption set out in section 32E(2)(k) or (l)”.
Section 3(1), deﬁnition of gift-exempt body, paragraph (b): “such a certiﬁcate of exemption” is replaced by “the certiﬁcate”.

Section 3(1), deﬁnition of government agency: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 3(1), deﬁnition of GST ratio: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of instalment date: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of interest instalment date: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of life insurer: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
3340 Reprinted as at 2 September 2013 Section 3—continued Income Tax Act 2007 Schedule 50 Section 3(1), after the deﬁnition of life insurer: insert the following: “Maori authority distribution penalty tax means tax payable under section 140CB”.

Section 3(1), after the deﬁnition of Minister: insert the following: “new provisional taxpayer means a person who has an initial provisional tax liability as described in section YA 1 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of PAYE period: “has the same meaning as in section NC 15(8) of the Income Tax Act 2004” is replaced by “means ﬁrst payment period or second payment period, as applic- able”.

Section 3(1), deﬁnition of payment: “paragraph (g) of the deﬁnition of pay in section OB 1 of the Income Tax Act 2004” is replaced by “paragraph (a) of the deﬁnition of pay in section YA 1 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of permit area: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of petroleum mining operations: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of policyholder net loss: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of prescribed: “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
Section 3(1), after the deﬁnition of prescribed: insert the following: “primary employment earnings, for an employee and for a pay period, means a PAYE income payment that is not a schedular payment or an extra pay, when the payment meets 1 of the following requirements: “(a) the payment is derived by the employee in the pay period from 1 employer: the payment is the largest payment derived by the em- ployee in the pay period, if the employee derives pay- ments in the period from 2 or more employers: “(b) 3341 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 2013 Section 3—continued “(c) the payment is derived in the pay period and is of the same amount as another payment that the employee chooses, if the employee derives payments in the period from 2 or more employers and 2 or more of the pay- ments are of the same amount”.
Section 3(1), deﬁnition of property: “paragraph (d) of the deﬁnition of that term in section OB 1 of the Income Tax Act 2004” is replaced by “paragraph (b) of the deﬁnition of that term in section YA 1 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of provisional taxpayer: replace by the fol- lowing: “provisional taxpayer means a person who is liable to pay provisional tax under section RC 3 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of qualifying person: “section 84(6) for the purposes of that section” is replaced by “sections 83(7), 84(6), and 85G(6) for the purposes of those sections”.

Section 3(1), deﬁnition of qualifying resident foreign trustee, para- graph (b)(i): “section OE 1 of the Income Tax Act 2004” is replaced by “section YD 1 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of ratio instalment date: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 3(1), before the deﬁnition of record: insert the following: “reconciliation statement means a reconciliation statement under section 49”.

Section 3(1), deﬁnition of relinquishment: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of resident foreign trustee, paragraph (b): “section OE 1 or section OE 2 of the Income Tax Act 2004” is re- placed by “section YD 1, YD 2, or YD 3 (excluding section YD 2(2)) of the Income Tax Act 2007”.

Section 3(1), deﬁnition of residual income tax, paragraph (b): “sec- tion OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.
3342 Reprinted as at 2 September 2013 Section 3—continued Income Tax Act 2007 Schedule 50 Section 3(1), after the deﬁnition of return period: insert the follow- ing: “RWT exemption certiﬁcate has the same meaning as in sec- tion YA 1 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of second PAYE period: replace by the fol- lowing: “second payment period, in sections 47 and 173(1)(b) of this Act, has the same meaning as in section YA 1 of the Income Tax Act 2007 “secondary employment earnings, for an employee and for a pay period, means a PAYE income payment that— “(a) is derived by the employee in the pay period from an employer; and is not— “(i) “(ii) “(iii) an extra pay”.
a payment of primary employment earnings; or a schedular payment; or “(b) Section 3(1), deﬁnition of settlement: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of settlor: “has the same meaning as in para- graphs (a) and (b) of the deﬁnition of that term in section OB 1 of the Income Tax Act 2004” is replaced by “is deﬁned in section HC 27 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of special account: repeal.
Section 3(1), after the deﬁnition of shortfall penalty: insert the fol- lowing: “special tax code certiﬁcate means a special tax code certiﬁ- cate under section 24F”.

Section 3(1), deﬁnition of speciﬁed dividends: repeal.

Section 3(1), deﬁnition of tax, paragraphs (a)(iii)(A) and (d)(iii)(A): “a dividend withholding payment” is replaced by “FDP” in each place where it appears.
Section 3(1), deﬁnition of tax, paragraphs (a)(xi) and (ca)(iii): “re- bate” is replaced by “tax credit” in each place where it appears.

3343 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 2013 Section 3—continued Section 3(1), deﬁnition of tax, paragraph (a)(xiii): “section NBB 6 of the Income Tax Act 2004” is replaced by “section RP 4 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of tax, paragraph (ab): “section CV 4 of the Income Tax Act 2004” is replaced by “section CV 8 of the Income Tax Act 2007”.

Section 3(1), deﬁnition of tax, after paragraph (ca): insert the fol- lowing: “(cb) for the purposes of sections 156 to 165, includes a com- bined tax and earner-related payment:”.
Section 3(1), after the deﬁnition of tax agent: insert the following: “tax code certiﬁcate means a tax code certiﬁcate under sec- tion 24I(2) “tax code notiﬁcation means a tax code notiﬁcation under section 24I(1)”.

Section 3(1), deﬁnition of tax deduction: repeal.

Section 3(1), deﬁnition of tax position, paragraph (h): replace by the following: “(h) the availability of a tax loss component or loss balance, or the use of a tax loss component or loss balance:”.
Section 3(1), deﬁnition of tax position, paragraph (j): replace by the following: “(j) the balance of a tax account or memorandum account of any type or description, or a debit or credit to such an account:”.

Section 3(1), deﬁnition of tax position, paragraph (n): “rebate” is replaced by “tax credit”.

Section 3(1), deﬁnition of tax position, paragraph (o): “section NBB 6 of the Income Tax Act 2004” is replaced by “section RP 4 of the Income Tax Act 2007”.
Section 3(1), deﬁnition of withdrawal tax: “section OB 1 of the Income Tax Act 2004” is replaced by “section YA 1 of the Income Tax Act 2007”.

Section 3(2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

3344 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 50 Section 4A Section 4A(1)(b)(ii): replace by the following: “(ii) paying, deducting, or withholding, or not paying, not deducting, or not withholding, an amount of tax; or”.
Section 4A(2)(a) to (bb): replace by the following: “(a) “(b) a company is deemed to withhold FDP when a foreign dividend is paid to the company: an amount of tax is deemed to be withheld when pay- ment is made of the net amount of a PAYE income pay- ment: “(bb) a contribution deduction under the KiwiSaver Act 2006 is deemed to be made when payment is made of the net amount of a PAYE income payment:”.
Section 4A(2)(c) and (d): “of a deduction” is replaced by “withheld or deducted” in each place where it appears.
Section 4A(3), words before paragraph (a): replace by the following: “(3) References in this Act to tax liabilities for withholding or de- ducting an amount of tax, or making or accounting for amounts deducted or amounts withheld, under the PAYE rules, to the extent necessary, are also to be construed as including refer- ences to liabilities for withholding, deducting, making, or ac- counting for,—”.
Section 4A(4), words before paragraph (a): “Where a taxpayer re- quired to provide a return under any of sections NC 15, NF 4, NG 11, and NH 3 of the Income Tax Act 2004” is replaced by “When a tax- payer has an obligation under any of sections RA 5, RA 6, RA 10, RA 15 to RA 19, RD 2, RD 4, RD 22, RE 20, RE 21, RF 13, RG 3, or RG 6 of the Income Tax Act 2007”.

Section 4B Section 4B(1): “section CV 4 of the Income Tax Act 2004” is re- placed by “section CV 8 of the Income Tax Act 2007”.
Section 14C Section 14C(1): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.
3345 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 2013 Section 17 Section 17(1C)(a)(ii): “section OD 7, interpreted as if relative had the meaning set out in paragraph (b) of the deﬁnition in section OB 1, or OD 8(3) of the Income Tax Act 2004” is replaced by “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), interpreted as if relative had the meaning set out in paragraph (b) of the deﬁnition in section YA 1, or the rules for the 1988 version provisions of that Act”.
Section 22 Section 22(1)(c)(iii) and (iv): “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 22(1)(c)(v): “Income Tax Act 2004” is replaced by “Income Tax Act 2007”.

Section 22(2)(c): “SSCWT rules apply and who makes any speciﬁed superannuation contribution” is replaced by “ESCT rules apply and who makes an employer’s superannuation contribution”.
Section 22(2)(f): replace by the following: “(f) is a company that is an ICA company, a FDPA company, a BETA company, a BETA person, a PCA company, or a PCA person:”.

Section 22(2)(j): “foreign withholding payment dividend” is re- placed by “foreign dividend”.
Section 22(2)(k) and (kb): replace by the following: “(k) every credit and debit to the person’s memorandum ac- counts (other than a CTR account and an ASC account), and the amount of a credit attached to a dividend or dis- tribution paid by the person:”.

Section 22(2)(l): “speciﬁed superannuation contribution” is replaced by “employer’s superannuation contribution” in each place where it appears.
Section 22(2), words after the paragraphs: “(for paragraphs (k) and (kb)) imputation year” is replaced by “(for paragraph (k)) the tax or income year (as applicable)”.

Section 22(3) and (6)(b): “deducted” is replaced by “withheld or de- ducted” in each place where it appears.
3346 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 50 Section 22—continued Section 22(7)(c): replace by the following: “(c) accounts (whether contained in a manual, mechanical, or electronic format) to be maintained under the im- putation rules, the FDP rules, or section OA 3 for ac- counts under subparts OE and OJ, and sections OP 97 to OP 108 of the Income Tax Act 2007, and any state- ment to be retained under section 31 or 71 of this Act:”.
Section 22A Section 22A, heading, and subsections (1) and (2): “Income Tax Act 2004” is replaced by “Income Tax Act 2007” in each place where it appears.

Section 22B Section 22B(1): “section EW 46 or EZ 36” is replaced by “section EW 44 or EZ 39 of the Income Tax Act 2007”.
Section 24 Section 24(1): replace by the following: “(1) An employer who makes a PAYE income payment to an employee must keep a proper record relating to the employee, showing the amount of the PAYE income payment before tax and the amount of the tax withheld from it, and must enter those amounts in the record at the time of making the PAYE income payment.” Section 24(2): “source deduction payments, tax deduction certiﬁ- cates, tax code declarations” is replaced by “PAYE income payments, withholding certiﬁcates, tax code notiﬁcations”.
Section 24(2): “Income Tax Act 2004 to deliver to the Commissioner or to any other person the signed tax deduction certiﬁcates, tax code declarations” is replaced by “Income Tax Act 2007 to deliver to the Commissioner or to any other person the signed withholding certiﬁ- cates, tax code notiﬁcations”.

Section 24(2), proviso: “tax code declarations,” is replaced by “tax code notiﬁcations,”.
3347 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 2013 New sections 24B to 24P After section 24: insert the following: “PAYE tax codes “24B PAYE tax codes “(1) This section applies for the purposes of the PAYE rules to pro- vide an employee with a tax code for a PAYE income payment.

Subsection (2) overrides this subsection.

“(2) Subsection (1) does not apply to the following amounts: “(a) “(b) “(c) an extra pay: a schedular payment: a payment of an income-tested beneﬁt.
“(3) An employee must notify their employer that their tax code is 1 of the following: “(a) ‘M’ for primary employment earnings when the em- ployee is not entitled to a tax credit under section LC 4 of the Income Tax Act 2007: ‘ML’ for primary employment earnings when the em- ployee is entitled to a tax credit under section LC 4 of the Income Tax Act 2007: ‘S’ for secondary employment earnings for an employee whose annual income is not more than $38,000: ‘SH’ for secondary employment earnings for an em- ployee whose annual income is more than $38,000 but is not more than $60,000: ‘ST’ for secondary employment earnings for an em- ployee whose annual income is more than $60,000: ‘CAE’ for salary or wages for employment as a casual agricultural employee: ‘EDW’ for salary or wages for employment as an elec- tion day worker: ‘no notiﬁcation’ when the employee has not provided their employer with a tax code notiﬁcation or a tax code certiﬁcate.
“(b) “(c) “(d) “(e) “(f) “(g) “(h) If another Act requires an employer to withhold the amount of tax for a PAYE income payment to an employee and pay the amount to the Commissioner, the tax code may be combined with another code applying under that Act.
“Compare: 2004 No 35 s NC 8(1), (1AA) “(4) 3348 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 50 New sections 24B to 24P—continued “24C Tax code for payment that includes income-tested beneﬁt If an employee receives a PAYE income payment of an in- come-tested beneﬁt and a PAYE income payment that does not consist of an income-tested beneﬁt, the tax code ‘S’ applies to the payment that does not consist of an income-tested beneﬁt.
“Compare: 2004 No 35 s NC 8(1) proviso “24D Tax code for parental leave payment The tax code applying to an employee’s parental leave pay- ment under Part 7A of the Parental Leave and Employment Protection Act 1987 is their tax code before the parental leave from their employment started unless the employee provides a further tax code notiﬁcation.
“Compare: 2004 No 35 s NC 8(9A) “24E Tax code for employment as private domestic worker An employee who wishes to have a tax code for their employ- ment as a private domestic worker may provide their tax code notiﬁcation to the Commissioner.
“Compare: 2004 No 35 s NC 8(12) “24F Special tax code certiﬁcates “(1) The Commissioner may provide an employee with a special tax code certiﬁcate, whether because the employee has 2 or more employments, or is entitled to have a net loss carried forward, or wishes to have a reduction applying to the amount of tax withheld under section 24H(1), or for another reason.
“(2) The special tax code may— “(a) “(b) set out a tax code to apply to a payment of salary or wages to an employee by 1 or more of their employers for a period referred to in the certiﬁcate: require that no amount of tax is withheld from, or a particular rate of tax applies to, a proportion of a PAYE income payment of the employee, as if it were the whole payment.
“(3) The Commissioner must calculate, for the PAYE income pay- ments and period referred to in the certiﬁcate, and set out in 3349 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 2013 New sections 24B to 24P—continued the certiﬁcate, the amount of tax for the payments or the rate of tax applying to them, having regard to the amount of tax for the payments that would be required under sections RD 9 to RD 11 of the Income Tax Act 2007.
“(4) When an employee provides a special tax code certiﬁcate to their employer, the provisions of the certiﬁcate override any- thing in the Income Tax Act 2004 and this Act other than the employee’s duties under sections RA 8, RA 10, and RD 4(2) of the Income Tax Act 2007.

“(5) An employee’s entitlement under subparts MA to MF and MZ of the Income Tax Act 2007 is not taken into account in setting a tax code for a special tax code certiﬁcate.
“(6) The Commissioner may cancel a special tax code certiﬁcate at any time, and on notiﬁcation of the cancellation, the employee must return the certiﬁcate to the Commissioner within a period of 7 days.

“Compare: 2004 No 35 s NC 14 “24G Use of incorrect tax codes “(1) This section applies when the Commissioner considers that an employer or PAYE intermediary has used an incorrect tax code in relation to a PAYE income payment to an employee.
“(2) The Commissioner may notify the employer or PAYE inter- mediary of the incorrect code and provide the tax code that should apply to the PAYE income payment.

“(3) The employer or PAYE intermediary must use the tax code provided by the Commissioner in relation to a PAYE income payment made to the employee after the date of notiﬁcation.

But the tax code does not apply if the employee notiﬁes their employer that their circumstances have changed and, as a re- sult, a different tax code should apply.
“Compare: 2004 No 35 s NC 12A(1)–(3) “24H When entitlement to use tax code ends “(1) This section applies when an employee is no longer entitled to use a certain tax code.

3350 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 50 New sections 24B to 24P—continued “(2) The tax code does not apply to a PAYE income payment made to the employee after the date on which the entitlement ends, unless the payment is salary or wages for a current pay period.
“(3) The employee must notify their employer that their entitlement has ended within the period of 4 days after the date on which they became aware that they are no longer entitled to use the tax code.

If the employee provides the notiﬁcation to the Com- missioner, they must notify the Commissioner similarly.

“(4) For the purposes of subsection (3), the employee must give the reason why the tax code no longer applies and the date on which entitlement ended.
If the employee provides their employer with a tax code noti- ﬁcation or tax code certiﬁcate within the period of 7 days after the date on which they become aware that they are no longer entitled to use a tax code, the tax code in the notiﬁcation or certiﬁcate applies from the date on which the entitlement to use the earlier code ends.
“(5) “(6) When an employee’s entitlement to use a certain tax code ends, their employer is not liable for withholding a reduced amount of tax for a payment if they have not received notice that the entitlement has ended.

“(7) An employee is not entitled to use the tax code ‘ML’ in a tax year if the employee knows or expects, or should have known or expected, that they will not be entitled to a tax credit under section LC 4 of the Income Tax Act 2007.
“Compare: 2004 No 35 ss NC 8(7), (8), NC 9 “24I PAYE tax code notiﬁcation and certiﬁcate “(1) An employee who wishes to have the amount of tax for a PAYE income payment reduced may notify their employer of the ap- plicable tax code.

This subsection applies separately for each employment situation.
If an employee ﬁnds it difﬁcult or impractical to notify their employer as described in subsection (1), they may notify the Commissioner who must then provide a tax code certiﬁcate to the employer setting out the applicable tax code.

The em- ployee may give the certiﬁcate to their employer.
“(2) 3351 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 2013 New sections 24B to 24P—continued “(3) The tax code notiﬁed or set out in a tax code certiﬁcate applies to a PAYE income payment made to an employee by their em- ployer from— “(a) the ﬁrst day of a pay period to which the payment re- lates up to the date on which the employee is no longer entitled to use the particular tax code if— “(i) the employer has no earlier tax code for the em- ployee; or the notiﬁcation or certiﬁcate changes an earlier tax code for the employee and is provided before the date on which the employer calculates their payroll for the period: “(ii) “(b) the ﬁrst day of the pay period following that to which the payment relates if the notiﬁcation or certiﬁcate changes an earlier tax code for the employee and is provided after the date on which the employer calculates their payroll for the period.
“(4) A tax code notiﬁcation must provide for an employee’s state- ment of their entitlement under the Immigration Act 1987 to work for their employer.

“(5) A tax code notiﬁcation or tax code certiﬁcate delivered to an employer before the start of the tax year but expressed to relate to the tax year, is treated as if it is delivered on 1 April in the tax year.
“Compare: 2004 No 35 ss NC 8(2)–(4), (11), NC 8A “PAYE certiﬁcates, notiﬁcation, and applications “24J Proof of payment “(1) An employer or PAYE intermediary who is required to with- hold and pay to the Commissioner an amount of tax for a PAYE income payment must provide a PAYE payment form to the Commissioner by the applicable due date set out in section RA 15 of the Income Tax Act 2007.
3352 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 50 New sections 24B to 24P—continued “(2) If the PAYE payment form is not provided electronically, it must be signed by the employer or PAYE intermediary, as ap- plicable.

“(3) The Commissioner may release an employer or a class of em- ployers, or a PAYE intermediary or a class of PAYE intermedi- aries, from the requirement to provide a PAYE payment form if the information is contained in an employer monthly sched- ule.
“Compare: 2004 No 35 s NC 15(1), (2), (2B) “24K Certain information required in returns “(1) This section applies for the purposes of sections RE 23 and RE 24 of the Income Tax Act 2007 when— “(a) an amount of tax for resident passive income paid in a tax year by a company is treated as an FDP credit: an amount of tax for a taxable Maori authority distribu- tion is treated as a Maori authority credit attached to the distribution.
“(b) “(2) The company paying the dividend and withholding the amount of tax under section RA 6(1) of that Act must provide to the Commissioner information in relation to the amount of tax in— “(a) “(b) its annual FDPA return under section 71; or if paragraph (a) does not apply, its annual ICA return under section 69.
“(3) For the purposes of subsection (2) and the payment of the divi- dend, the company must provide to the Commissioner infor- mation in relation to the dividend in— “(a) its dividend statement under section 67 if it is an ICA company; or if paragraph (a) does not apply, a form approved by the Commissioner, containing the information set out in section 67(a) to (c) and (f) and ﬁled no later than 31 May after the end of the tax year.
“(b) “(4) The Maori authority making the distribution and withholding the amount of tax under section RA 6(1) of the Income Tax Act 3353 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 2013 New sections 24B to 24P—continued 2007 must provide to the Commissioner information in rela- tion to the amount of tax in its annual Maori authority credit account return.
“(5) For the purposes of subsection (4) and the making of the distri- bution, the Maori authority must provide to the Commissioner information in relation to the distribution in the distribution statement prepared under section 68B.

“Compare: 2004 No 35 ss NF 8(2)–(4), NF 8A “24L Schedular notiﬁcation “(1) This section applies to a person who is entitled to receive a schedular payment described in section RD 8 of the Income Tax Act 2007.
“(2) Before the person receives the schedular payment, they must notify the person making the payment of the applicable schedular tax code.

“(3) The notiﬁcation referred to in subsection (2) must be in a form authorised by the Commissioner.
“Compare: 2004 No 35 s NC 7(1) “24M Exemption certiﬁcates for schedular payments “(1) The Commissioner may provide a person who is entitled to receive a schedular payment with an exemption certiﬁcate set- ting out the payments for a period for which no amount of tax is to be withheld.

“(2) Subsection (1) does not apply to a payment to a non-resident entertainer.

“(3) The Commissioner may cancel an exemption certiﬁcate at any “(4) time.
If the Commissioner cancels an exemption certiﬁcate, the per- son who was provided the certiﬁcate must return it within 7 days of the date of cancellation.

3354 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 50 New sections 24B to 24P—continued “(5) An exemption certiﬁcate must not be altered or be used to cause a person making a schedular payment not to withhold an amount of tax for the payment.
“Compare: SR 1979/259 regulation 5, Income Tax (Withholding Payments) Regulations “24N Special tax rate certiﬁcates for schedular payments “(1) The Commissioner may provide a person who is entitled to receive a schedular payment with a special tax rate certiﬁcate setting out the amount of tax for the payment, or the rate ap- plying to the payment or a part of each payment as if it were the whole payment.

“(2) Subsection (1) does not apply to a payment to a non-resident entertainer.
“(3) The Commissioner may cancel a special tax rate certiﬁcate at any time.

The Commissioner must give notice of the cancel- lation.

If the Commissioner cancels a special tax rate certiﬁcate, the person who was provided the certiﬁcate must return it within 7 days of the date of notiﬁcation of the cancellation.

“(4) “(5) A special tax rate certiﬁcate must not be altered or be used to cause a person making a schedular payment not to withhold an amount of tax for the payment.
“Compare: SR 1979/259 regulation 6A, Income Tax (Withholding Payments) Regulations “24O Certain information required from agricultural, horticultural, or viticultural employers “(1) This section applies when an agricultural, horticultural, or viti- cultural employer makes a schedular payment for work done or services rendered in a class set out in schedule 4, part C, clause 1(b) of the Income Tax Act 2007.
If the employer is required to provide an employer monthly schedule to the Commissioner for a particular period, and no amount of tax for the payment is required to be made because an exemption certiﬁcate or special tax rate certiﬁcate has been provided under section 24M or 24N, as applicable, the em- “(2) 3355 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 2013 New sections 24B to 24P—continued “(3) ployer must include in the schedule the information set out in subsection (4).
If the employer is not required to provide an employer monthly schedule for a month, the employer must provide the informa- tion set out in subsection (4) in relation to the payment by the 20th day of the month following that in which the payment is made.
“(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).” 3356 Reprinted as at 2 September 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) 3357 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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 3358 Reprinted as at 2 September 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”.
3359 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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.
3360 Reprinted as at 2 September 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.
3361 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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.
3362 Reprinted as at 2 September 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— 3363 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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 3364 Reprinted as at 2 September 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 3365 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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) 3366 Reprinted as at 2 September 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.

3367 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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) 3368 Reprinted as at 2 September 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) 3369 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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.
3370 Reprinted as at 2 September 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.
3371 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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 3372 Reprinted as at 2 September 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 3373 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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.
3374 Reprinted as at 2 September 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 3375 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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.
3376 Reprinted as at 2 September 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 3377 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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: 3378 Reprinted as at 2 September 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”.
3379 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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) 3380 Reprinted as at 2 September 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 3381 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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) 3382 Reprinted as at 2 September 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: 3383 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.
3384 Reprinted as at 2 September 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”.
3385 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.

3386 Reprinted as at 2 September 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”.
3387 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.
3388 Reprinted as at 2 September 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) 3389 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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.
3390 “(ii) “(ii) Reprinted as at 2 September 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”.
3391 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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.
3392 Reprinted as at 2 September 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”.

3393 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.
3394 Reprinted as at 2 September 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) 3395 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.

3396 Reprinted as at 2 September 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.
3397 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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) 3398 Reprinted as at 2 September 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: 3399 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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) 3400 Reprinted as at 2 September 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 3401 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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.
3402 Reprinted as at 2 September 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) 3403 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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— 3404 Reprinted as at 2 September 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— 3405 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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— 3406 Reprinted as at 2 September 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 3407 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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).
3408 Reprinted as at 2 September 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 3409 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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— 3410 Reprinted as at 2 September 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— 3411 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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.
3412 Reprinted as at 2 September 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”.
3413 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.
3414 Reprinted as at 2 September 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”.
3415 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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) 3416 Reprinted as at 2 September 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”.
3417 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.

3418 Reprinted as at 2 September 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 3419 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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.

3420 Reprinted as at 2 September 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.
3421 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.

3422 Reprinted as at 2 September 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”.
3423 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.

3424 Reprinted as at 2 September 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.

3425 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.

3426 Reprinted as at 2 September 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”.

3427 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.
3428 Reprinted as at 2 September 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”.
3429 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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— 3430 Reprinted as at 2 September 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”.

3431 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.
3432 Reprinted as at 2 September 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)”.
3433 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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 3434 Reprinted as at 2 September 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 3435 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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:”.

3436 Reprinted as at 2 September 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”.

3437 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.

3438 Reprinted as at 2 September 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.

3439 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.
3440 Reprinted as at 2 September 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”.

3441 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.

3442 Reprinted as at 2 September 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”.
3443 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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”.
3444 Reprinted as at 2 September 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”.
3445 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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.
3446 Reprinted as at 2 September 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”.
3447 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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 3448 Reprinted as at 2 September 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.
3449 Schedule 50 Income Tax Act 2007 Reprinted as at 2 September 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).

3450 Reprinted as at 2 September 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).
3451 Schedule 51 Income Tax Act 2007 Reprinted as at 2 September 2013 Schedule 51 Identiﬁed changes in legislation 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 3452 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 2 September 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 3453 Schedule 51 Income Tax Act 2007 Reprinted as at 2 September 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 3454 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 2 September 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).
3455 Schedule 51 Income Tax Act 2007 Reprinted as at 2 September 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 3456 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 2 September 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 3457 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 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 3458 A 2 AA 1 AA 2 omitted AA 3 BA 1 BB 1 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) BB 2 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 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 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 3459 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) Subpart BG Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 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 3460 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CB 21 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CB 23 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 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 3461 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 3462 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CD 35 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CD 46 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 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 3463 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CG 6 Subpart CH Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CG 6 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 3464 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CS 12 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 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 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 3465 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CU 17 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 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 3466 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CW 11C Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CW 13 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 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 3467 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CW 39 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CW 46 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 3468 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CX 13 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CX 14 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 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 3469 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CX 40 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CX 46 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 3470 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) CZ 17 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 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 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 3471 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) DB 17 Corresponding provision in Income Tax Act 2007 or Tax
 Administration Act 1994 DB 23 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 3472 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 2 September 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 3473 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) DE 3 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 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 3474 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 2 September 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 3475 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) DS 3 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 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 3476 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) DU 8 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 DU 8 DU 9 DU 10 DU 11 DU 12 Subpart DV DV 1 DV 2 DV 3 DV 4 DV 5 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 3477 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) Subpart DZ Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 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 3478 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EB 7 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 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 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 3479 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EC 14 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 3480 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EC 45 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 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 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 3481 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EE 24 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 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 3482 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EE 47 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EE 56 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 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 3483 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EH 8 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 37 EH 38 EH 39 3484 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EH 40 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EH 39 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 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 3485 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part
 A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EH 72 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EH 70 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 3486 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EJ 11 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EJ 12 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 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 3487 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EK 20 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 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 3488 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EW 27 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 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 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 3489 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EW 58 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 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 3490 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EX 25 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EX 24 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) 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) 3491 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EX 44B(2) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EX 52(1)(b) 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 3492 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EY 5 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 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 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 3493 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EY 36 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EY 37 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 3494 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) EZ 16 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EZ 17 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 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 3495 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax
 Act 2004 (unless otherwise stated) EZ 46 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 EZ 49 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) 3496 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) FC 8B(2) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 FA 9(1) 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 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 3497 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) FC 21(1), (2), (4) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CV 1 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) 3498 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) FD 10(3) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 FM 16 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) 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 3499 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) FE 4(b) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CV 4, FO 7 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 3500 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) FF 11 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 FB 17 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) 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 3501 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 3502 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) Subpart FH Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 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 3503 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) GB 1(3) Subpart GC Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CD 11, GB 1 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 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 3504 Reprinted as at 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) GC 16 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 schedule 5, clause 4 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 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 3505 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) GD 5 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CD 11, DB 58, GB 25 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) 3506 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 2 September 2013
 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) HB 2(1) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 FM 3, FM 7 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) 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 3507 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) HG 4(1) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 HA 1, HA 5 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) 3508 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 2 September 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 3509 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) HH 3(5A) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 CV 14, HC 21 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 3510 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) Subpart HI Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 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 3511 Schedule 52 Income Tax Act 2007 Reprinted as at 2
 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) HK 10 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 HD 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 3512 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) HL 12 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 HL 13 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) 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) 3513 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) IE 1(2) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 IA 4 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) 3514 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 2 September 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) 3515 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) IG 7(1) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 IQ 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 3516 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) IZ 4 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RZ 8(2), (4)–(6) 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) 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 3517 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) KD 1(1)(g) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 MB 4 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) 3518 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) KD 3(2)–(5) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 ME 1 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) 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 3519 Schedule
 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) KD 7(2), (2A) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 TAA 80KM 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) 3520 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) KJ 5(2) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 MK 5 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) 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 3521 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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) 3522 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) LC 13(2) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 TAA 78C 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) 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 3523 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) LD 10 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 LS 2 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) 3524 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) LF 5(2)(e) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 LL 8 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 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 3525 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MB 21 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RC 22 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) 3526 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 2 September 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 3527 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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) 3528 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 2 September 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) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OB 10 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) 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 3529 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ME 5(1)(ia), (2)(ha) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OB 40 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) 3530 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ME 9B(2)(a)(i) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OB 44 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) 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 3531 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ME 12(1)(ad), (2)(ac) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OP 41 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 3532 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ME 17(1) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OA 2(2), (3), OA 3(2), OJ 2(2), (3) 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) 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) 3533 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ME 26(2)(a), (3)(a) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OP 110 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 3534 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ME 38 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OB 80 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) 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) 3535 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MF 7(3), (4) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OP 98 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)
 3536 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) Subpart MG Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 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) 3537 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MG 5(4) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OZ 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) 3538 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 2 September 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) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OP 60 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) 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 3539 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MG 17(1)(a) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OA 9 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) 3540 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MI 6(1) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OC 19(2), (3), OD 6 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) 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 3541 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MI 18(1)(e), (2)(e), (3), (4) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OP 91 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 3542 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 2
 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MK 1(1) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 OA 1(5) 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) 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 3543 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) MK 8(6) MK 9 Subpart MZ Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 YA 2(1)–(3) OA 2(5), TAA 104B 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) 3544 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) NBA 5(1B) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RP 15 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) 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 3545 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) NC 6(1C), (1D) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RD 11 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 3546 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) NC 20 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RA 22 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 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” 3547 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated)
 ND 1N Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RD 42 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) 3548 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) ND 10 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RA 15 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) 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 3549 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) NE 7(2) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RA 2, YA 2(1)–(3) 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) 3550 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 2 September 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 3551 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) NF 13 Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RA 2, RA 10, YA 2(1)–(3) 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 3552 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) NG 16(1), (1A) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 RM 8 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) 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 3553 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) NH 5(6), (7) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 IA 3(2)(c) NH 5(7) 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” 3554 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 HC 10(2)–(4), HC 11 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) Provision in Income Tax Act 2004 (unless otherwise stated) 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 5 MC 4 MC 3 RD 5 RE 1 FN 8 FO 3 RF 1 RD 2(1), (2) YB 9–YB 12 MK 1(2), MK 4, MK 8 3555 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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) 3556 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) OC 3(c) Corresponding provision in Income Tax Act 2007 or Tax
 Administration Act 1994 CV 5 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) 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 3557 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 3558 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part A—continued Provision in Income Tax Act 2004 (unless otherwise stated) OF 2(1) Corresponding provision in Income Tax Act 2007 or Tax Administration Act 1994 HC 6(3), (4) 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 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 3559 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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).
3560 Reprinted as at 2 September 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).
3561 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) 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 3562 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 Subpart BE Corresponding provision in Income Tax Act 2004 (unless otherwise stated) 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 3563 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 CB 20 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CB 18 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 3564 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 CD 3 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CD 2 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 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 3565 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 CD 35 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CD 25 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 3566 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 CE 12 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) 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 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 3567 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 Subpart CR Corresponding provision in Income Tax Act 2004 (unless otherwise stated) 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 3568 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued
 Provision in Income Tax Act 2007 Subpart CU Corresponding provision in Income Tax Act 2004 (unless otherwise stated) 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 3569 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 CV 2 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HB 2(1)(e) 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 3570 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 CW 16 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CW 12 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 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 3571 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 CW 48 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CW 40B 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 3572 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 CX 15 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CX 14 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 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 3573 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 CX 47 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CX 41 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 3574 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 CZ 17 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) 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 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 3575 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 DB 20 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DB 14 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 3576 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 DB 52 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DB 43 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 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 3577 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 DD 7 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) 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 3578 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 Subpart DO Corresponding provision in Income Tax Act 2004 (unless otherwise stated) 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 3579 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 Subpart DR Corresponding provision in Income Tax Act 2004 (unless otherwise stated) 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 3580 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 DU 2 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 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 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) 3581 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 Subpart DW Corresponding provision in Income Tax Act 2004 (unless otherwise stated) 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 3582 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 2 September 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 3583 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 EC 6 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 3584 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EC 38 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 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 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 3585 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 EE 18 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 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 3586 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EE 50 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FB 7 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 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 3587 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 EH 3 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 3588 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EH 35 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) 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 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
 3589 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 EH 67 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EH 69 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 3590 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EJ 9 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) GC 11B, GD 12A, GD 12B 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 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 3591 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 EK 17 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) 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 3592 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EW 25 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 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 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 3593 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 EW 57 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) 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 3594 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EX 25 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EX 26 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 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 3595 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 3596 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EY 15 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EY 14 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 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 3597 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 EY 47 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EY 46 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 3598 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 EZ 29 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EZ 27 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 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 3599 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 3600 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 FB 12 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FF 17(2), (3) 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 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) 3601 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 3602 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 FF 3 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) new 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 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) 3603 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 FM 20 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FD 10(4), (4C) 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 3604 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 2 September 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 3605 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 FZ 2 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FC 6(2)–(8) 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 3606 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 GB 23 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) GD 3(1), (2) 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 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 3607 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 GC 5 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) GD 10
 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 3608 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 HA 18 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HG 13(6) 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 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 3609 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 3610 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 2 September 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 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) 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 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 3611 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 HD 26 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HK 24(1), (4) 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 3612 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 HL 9 Corresponding provision in Income Tax Act 2004 (unless
 otherwise stated) 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 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 3613 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 HR 5 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) OC 1(2) 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 3614 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 IC 7 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) IG 2(2)(d), (11) 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 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 3615 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 IQ 5 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) IG 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 3616 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 2 September 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) 3617 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 Subpart LD Corresponding provision in Income Tax Act 2004 (unless
 otherwise stated) 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 3618 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 LJ 4 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) LC 14(1) 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 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) 3619 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 Subpart LO Corresponding provision in Income Tax Act 2004 (unless otherwise stated) 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 3620 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 LZ 2 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) KZ 3(1), (4) 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 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) 3621 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 3622 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 MF 2 Corresponding provision in Income Tax Act 2004
 (unless otherwise stated) KD 5(8) 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) 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 3623 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 3624 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act
 2007 OB 7 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 4(1)(c), (2)(a) 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 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) 3625 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 OB 39 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 5(1)(o), (2)(l), (6), (7) 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 3626 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in
 Income Tax Act 2007 OB 71 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 9B 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 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 3627 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 OC 19 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) MG 5(1)(ca), (2)(ca), MI 6(1) 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 3628 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 OD 10 Corresponding provision in Income
 Tax Act 2004 (unless otherwise stated) MI 5(1)(a), (2)(a) 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 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) 3629 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 OE 15 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) MF 4(3)(d), (4)(d), (5), (6) 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 3630 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 2 September 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) 3631 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 OP 6 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 14(3) 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 3632 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 OP 38 Corresponding provision in Income Tax Act
 2004 (unless otherwise stated) ME 12(1)(n), (2)(l), (3), (4) 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 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) 3633 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 3634 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 OP 102 Corresponding provision in Income Tax
 Act 2004 (unless otherwise stated) MF 8(2)(c), (3)(b), MF 10(4), (5), (6) 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 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 3635 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 3636 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 RC 8 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) MB 7 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 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 3637 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 3638 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 RD 26 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ND 1(1)–(3) 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 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 3639 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 3640 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 RE 15 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) NF 2(1)(d) 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 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) 3641 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 RF 13 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) NG 11(1)–(3) 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 3642 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 RM 20 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) NH 4(4)(b) 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 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 3643 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 RP 18 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) 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” 3644 Reprinted as at 2 September 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 3645 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 YC 2 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) OD 3(1), (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 3646 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 2 September 2013 Income Tax Act 2007 Schedule 52 Part B—continued Provision in Income Tax Act 2007 Subpart YE Corresponding provision in Income
 Tax Act 2004 (unless otherwise stated) 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 3647 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 2013 Part B—continued Provision in Income Tax Act 2007 Schedule 27 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) schedule 6 Schedule 31 Schedule 32 Schedule 36 Schedule 37 Schedule 48 Schedule 49 Schedule 50 Schedule 51 Schedule 52 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).
3648 Reprinted as at 2 September 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 3649 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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 3650 Reprinted as at 2 September 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 3651 Schedule 52 Income Tax Act 2007 Reprinted as at 2 September 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) 3652 Reprinted as at 2 September 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.
3653 7 (1) (2) 8 (1) (2) 9 (1) (2) 10 (1) (2) 11 (1) (2) Income Tax Act 2007 Reprinted as at 2 September 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) 3654 Reprinted as at 2 September 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, 3655 Income Tax Act 2007 Reprinted as at 2 September 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.

3656 Reprinted as at 2 September 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.

3657 Income Tax Act 2007 Reprinted as at 2 September 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.
3658 Reprinted as at 2 September 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,— 3659 Income Tax Act 2007 Reprinted as at 2 September 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) 3660 Reprinted as at 2 September 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.
3661 Income Tax Act 2007 Reprinted as at 2 September 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) 3662 Reprinted as at 2 September 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.
3663 Income Tax Act 2007 Reprinted as at 2 September 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) 3664 Reprinted as at 2 September 2013 Income Tax Act 2007 Date of notiﬁcation in Gazette: 9 October 2008.
3665 Income Tax Act 2007 Reprinted as at 2 September 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) 3666 Reprinted as at 2 September 2013 Income Tax Act 2007 (d) 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.
3667 Income Tax Act 2007 Reprinted as at 2 September 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) 3668 Reprinted as at 2 September 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.

3669 Income Tax Act 2007 Reprinted as at 2 September 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) 3670 Reprinted as at 2 September 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.

3671 Income Tax Act 2007 Reprinted as at 2 September 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) 3672 Reprinted as at 2 September 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, 3673 Income Tax Act 2007 Reprinted as at 2 September 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), 3674 Reprinted as at 2 September 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, 3675 Income Tax Act 2007 Reprinted as at 2 September 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.
3676 Reprinted as at 2 September 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) 3677 Income Tax Act 2007 Reprinted as at 2 September 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.

3678 Reprinted as at 2 September 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.

3679 (3) 33 (1) (2) 34 (1) (2) Income Tax Act 2007 Reprinted as at 2 September 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.

3680 Reprinted as at 2 September 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.

3681 Income Tax Act 2007 Reprinted as at 2 September 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) 3682 Reprinted as at 2 September 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— 3683 Income Tax Act 2007 Reprinted as at 2 September 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) 3684 Reprinted as at 2 September 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) 3685 Income Tax Act 2007 Reprinted as at 2 September 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.
3686 Reprinted as at 2 September 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) 3687 Income Tax Act 2007 Reprinted as at 2 September 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: 3688 Reprinted as at 2 September 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) 3689 Income Tax Act 2007 Reprinted as at 2 September 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) 3690 Reprinted as at 2 September 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.
3691 Income Tax Act 2007 Reprinted as at 2 September 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) 3692 Reprinted as at 2 September 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.
3693 Income Tax Act 2007 Reprinted as at 2 September 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.

3694 Reprinted as at 2 September 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 3695 Income Tax Act 2007 Reprinted as at 2 September 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: 3696 Reprinted as at 2 September 2013 Income Tax Act 2007 (b) 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 3697 Income Tax Act 2007 Reprinted as at 2 September 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.
3698 Reprinted as at 2 September 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.


3699 Income Tax Act 2007 Reprinted as at 2 September 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.

3700 Reprinted as at 2 September 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.

3701 Income Tax Act 2007 Reprinted as at 2 September 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.
3702 Reprinted as at 2 September 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.

3703 Income Tax Act 2007 Reprinted as at 2 September 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.

3704 Reprinted as at 2 September 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.

3705 Income Tax Act 2007 Reprinted as at 2 September 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.

3706 Reprinted as at 2 September 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.
3707 Income Tax Act 2007 Reprinted as at 2 September 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, 3708 Reprinted as at 2 September 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.

3709 Income Tax Act 2007 Reprinted as at 2 September 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.

3710 Reprinted as at 2 September 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.

3711 Income Tax Act 2007 Reprinted as at 2 September 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) 3712 Reprinted as at 2 September 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.

3713 Income Tax Act 2007 Reprinted as at 2 September 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 3714 Reprinted as at 2 September 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) 3715 Income Tax Act 2007 Reprinted as at 2 September 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.


3716 Reprinted as at 2 September 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.

3717 Income Tax Act 2007 Reprinted as at 2 September 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.

Amendments incorporated in the principal Act.

3718 Reprinted as at 2 September 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.

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.


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.

3719 Income Tax Act 2007 Reprinted as at 2 September 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.

3720 Reprinted as at 2 September 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.

3721 Income Tax Act 2007 Reprinted as at 2 September 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) 3722 Reprinted as at 2 September 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.

3723 389 (1) (2) (3) 390 (1) (2) (3) Income Tax Act 2007 Reprinted as at 2 September 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.

3724 Reprinted as at 2 September 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.

3725 Income Tax Act 2007 Reprinted as at 2 September 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.

3726 Reprinted as at 2 September 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.

3727 Income Tax Act 2007 Reprinted as at 2 September 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) 3728 Reprinted as at 2 September 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.
3729 Income Tax Act 2007 Reprinted as at 2 September 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.

3730 Reprinted as at 2 September 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) 3731 Income Tax Act 2007 Reprinted as at 2 September 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.

3732 Reprinted as at 2 September 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.

3733 Income Tax Act 2007 Reprinted as at 2 September 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— 3734 Reprinted as at 2 September 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.
3735 Income Tax Act 2007 Reprinted as at 2 September 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.

3736 Reprinted as at 2 September 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) 3737 Income Tax Act 2007 Reprinted as at 2 September 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.

3738 Reprinted as at 2 September 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.

3739 Income Tax Act 2007 Reprinted as at 2 September 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.

3740 Reprinted as at 2 September 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 3741 Income Tax Act 2007 Reprinted as at 2 September 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.

3742 Reprinted as at 2 September 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) 3743 Income Tax Act 2007 Reprinted as at 2 September 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.

3744 Reprinted as at 2 September 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) 3745 Income Tax Act 2007 Reprinted as at 2 September 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.


3746 Reprinted as at 2 September 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) 3747 Income Tax Act 2007 Reprinted as at 2 September 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) 3748 Reprinted as at 2 September 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.

3749 Income Tax Act 2007 Reprinted as at 2 September 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) 3750 Reprinted as at 2 September 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.


3751 Income Tax Act 2007 Reprinted as at 2 September 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.

3752 Reprinted as at 2 September 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.

3753 Income Tax Act 2007 Reprinted as at 2 September 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.
3754 Reprinted as at 2 September 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.
3755 Income Tax Act 2007 Reprinted as at 2 September 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.
3756 Reprinted as at 2 September 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.
3757 Income Tax Act 2007 Reprinted as at 2 September 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), 3758 Reprinted as at 2 September 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) for the (b) (c) 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), 3759 Income Tax Act 2007 Reprinted as at 2 September 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.

3760 Reprinted as at 2 September 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.

3761 Income Tax Act 2007 Reprinted as at 2 September 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.
3762 Reprinted as at 2 September 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.

(5) (2) 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), (6) (7) (8) 3763 Income Tax Act 2007 Reprinted as at 2 September 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.

3764 Reprinted as at 2 September 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.

3765 Income Tax Act 2007 Reprinted as at 2 September 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) 3766 Reprinted as at 2 September 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.
3767 Income Tax Act 2007 Reprinted as at 2 September 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.

3768 Reprinted as at 2 September 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).


3769 Income Tax Act 2007 Reprinted as at 2 September 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) 3770 Reprinted as at 2 September 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) 3771 Income Tax Act 2007 Reprinted as at 2 September 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) 3772 Reprinted as at 2 September 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.

3773 Income Tax Act 2007 Reprinted as at 2 September 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).

3774 Reprinted as at 2 September 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).


3775 Income Tax Act 2007 Reprinted as at 2 September 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.
3776 Reprinted as at 2 September 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.

3777 Income Tax Act 2007 Reprinted as at 2 September 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.
3778 Reprinted as at 2 September 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.
3779 Income Tax Act 2007 Reprinted as at 2 September 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 3780 Reprinted as at 2 September 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) 3781 Income Tax Act 2007 Reprinted as at 2 September 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) 3782 Reprinted as at 2 September 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).
3783 Income Tax Act 2007 Reprinted as at 2 September 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) 3784 Reprinted as at 2 September 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).

3785 Income Tax Act 2007 Reprinted as at 2 September 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.
3786 Reprinted as at 2 September 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) 3787 Income Tax Act 2007 Reprinted as at 2 September 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.

3788 Reprinted as at 2 September 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 3789 Income Tax Act 2007 Reprinted as at 2 September 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) 3790 Reprinted as at 2 September 2013 Income Tax Act 2007 (c) relying on the PIE rules as they were before the amend- ment made by subsection (1).
3791 Income Tax Act 2007 Reprinted as at 2 September 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) 3792 Reprinted as at 2 September 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) 3793 Income Tax Act 2007 Reprinted as at 2 September 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) 3794 Reprinted as at 2 September 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.

3795 Income Tax Act 2007 Reprinted as at 2 September 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).

3796 Reprinted as at 2 September 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).

3797 1 2 (1) (2) (3) (4) (5) (6) (7) (8) Income Tax Act 2007 Reprinted as at 2 September 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, 3798 Reprinted as at 2 September 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.

3799 Income Tax Act 2007 Reprinted as at 2 September 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) 3800 Reprinted as at 2 September 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) 3801 Income Tax Act 2007 Reprinted as at 2 September 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 3802 Reprinted as at 2 September 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”.

3803 Income Tax Act 2007 Reprinted as at 2 September 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: 3804 Reprinted as at 2 September 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.

3805 Notes Income Tax Act 2007 Reprinted as at 2 September 2013 Reprints notes 1 2 3 General This is a reprint of the Income Tax Act 2007 that incorporates all the amendments to that Act as at the date of the last amendment to it.

Legal status Reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by any amendments to that enactment.
Section 18 of the Legislation Act 2012 provides that this reprint, published in electronic form, will have the status of an ofﬁcial version once issued by the Chief Parliamentary Counsel under section 17(1) of that Act.

Editorial and format changes and Editorial made 26 http://www.pco.parliament.govt.nz/editorial-conventions/.
the Legislation Act to sections changes reprints powers format under 2012. using See the 24 of are to also 4 Amendments incorporated in this reprint Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52): Part 1, section 172 Public Finance Amendment Act 2013 (2013 No 50): section 57 Education Amendment Act 2013 (2013 No 34): section 46 Crown Minerals Amendment Act 2013 (2013 No 14): section 65 Social Security (Beneﬁt Categories and Work Focus) Amendment Act 2013 (2013 No 13): sections 86, 97, 114, 129, 138 Social Assistance (Living Alone Payments) Amendment Act 2013 (2013 No 11): section 16 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 3806 Reprinted as at 2 September 2013 Income Tax Act 2007 Notes 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 State-Owned Enterprises Amendment Act 2012 (2012 No 44): sections 10(2), (3), 11(2), (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): Part 2 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 3807 Notes Income Tax Act 2007 Reprinted as at 2 September 2013 Taxation (Limited Partnerships) Act 2008 (2008 No 2): Part 1 Taxation (KiwiSaver) Act 2007 (2007 No 110): sections 123–137 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 3808