Finance Act 1989

1: Short Title
This Act may be cited as the Finance Act 1989.
1: Transitional quarter
2: Application
This Part relates to the period commencing on 1 April 1989 and ending with 30 June 1989 (hereinafter referred to in this Part as the transitional quarter).
3: Unauthorised expenditure
1: Where, during the transitional quarter, it is desirable that public money should be expended in excess of or without the appropriation of Parliament, the Minister of Finance may approve the expenditure out of the Public Account, or any account outside the Public Account, of such sum or sums as the Minister of Finance considers necessary.
2: The Treasury shall advise the Audit Office of all expenditure approved under this section, whereupon, notwithstanding section 53(1) of the Public Finance Act 1977, the money may be issued and applied accordingly.
3: Notwithstanding subsection (1) or subsection (2), the total of all sums issued and applied under this section in the transitional quarter shall not exceed a sum equal to 2 1 2
4: All sums issued and applied under this section shall be charged as unauthorised expenditure to such accounts or funds as the Minister of Finance directs.
5: Without affecting the validity of any expenditure lawfully made under the foregoing provisions of this section, a statement of any expenditure under this section shall be included in—
a: the public accounts for the transitional quarter; and
b: an Appropriation Bill for both the transitional quarter and the financial year beginning on 1 July 1989 for sanction by Parliament.
4: Statement of public accounts
1: The Treasury shall, as soon as practicable after the end of the transitional quarter but not later than 31 August 1989, prepare and forward to the Audit Office a statement of the public accounts for the transitional quarter.
2: The statement of the public accounts for the transitional quarter shall contain—
a: a statement of the receipts and payments of the accounts and funds comprising the Public Account for the transitional quarter; and
b: a statement showing the expenditure relating to each vote as set out in the estimates of expenditure for the transitional quarter, and the amount (if any) under-expended or over-expended in each case; and
c: a statement showing the amounts outstanding (including accretions from investments by way of bonus shares or capitalised interest) of any money paid out of the Public Account by way of advances or loans to, or for the purchase of shares or the provision of fixed capital in, any company or government agency; and
d: a statement of the public debt, together with a statement of all guarantees, indemnities, and securities given by the Minister of Finance on behalf of the Crown that remain contingent liabilities at the end of the transitional quarter; and
e: such other information and statements as would be required, by sections 46, 56, and 86 and any other provision of the Public Finance Act 1977 or any other provision of any other Act, to be included in the statement of the public accounts for the transitional quarter if that statement were a statement of the public accounts for a financial year.
3: The statement specified in subsection (2)﻿(a) shall include all payments made, and money received, by imprestees that can be incorporated in the books of the Treasury for the transitional quarter. Imprests that are unaccounted for at the end of the transitional quarter shall be shown as imprests outstanding.
4: The payments referred to in subsection (2)﻿(a) shall not include the investment of any money under section 41(3) or section 50 of the Public Finance Act 1977. The total of such investments outstanding at the end of the transitional quarter shall be shown in the public accounts for the transitional quarter in such manner as the Minister of Finance directs.
5: Nothing in section 65 of the Public Finance Act 1977 shall apply in respect of the statement of the public accounts for the transitional quarter.
5: Audit Office report on public accounts
1: The Audit Office shall, not later than 30 September 1989,—
a: enface on the statement forwarded to it pursuant to section 4(1)
b: return the statement to the Treasury.
2: The Minister of Finance shall lay the statement of the public accounts for the transitional quarter before the House of Representatives not later than the sixth sitting day of the House of Representatives after the day on which the statement is returned by the Audit Office to the Treasury.
3: Nothing in section 66 of the Public Finance Act 1977 applies in respect of the public accounts for the transitional quarter.
6: Departmental reports for transitional quarter
1: Where any Act requires the preparation of an annual report on the operations of a government department (within the meaning of the Public Finance Act 1977), the person who is responsible under that Act for the preparation of that report shall, as soon as practicable after the end of the transitional quarter, give to the Minister in charge of that government department a report on the operations of that government department for the transitional quarter.
2: The Minister in charge of the government department shall lay a copy of the report before the House of Representatives as soon as practicable after its receipt by the Minister.
2: Income tax
Part 2 repealed 1 April 1995 section YB 3(1) Income Tax Act 1994
7: This Part to be read with Income Tax Act 1976
Section 7 repealed 1 April 1995 section YB 3(1) Income Tax Act 1994
8: Export-market development and tourist promotion incentive
Section 8 repealed 1 April 1995 section YB 3(1) Income Tax Act 1994
9: Export-market development activities incentive for self-employed taxpayers
Section 9 repealed 1 April 1995 section YB 3(1) Income Tax Act 1994
10: Credit of tax for imputation credit
Section 10 repealed 1 April 1995 section YB 3(1) Income Tax Act 1994
11: Basic rates of tax
Section 11 repealed 1 April 1995 section YB 3(1) Income Tax Act 1994
12: Transitional provisions in relation to provisional tax
Section 12 repealed 1 April 1993 Income Tax Amendment Act (No 2) 1993
3: Goods and services tax
13: This Part to be read with Goods and Services Tax Act 1985
1: This Part shall be read together with and deemed part of the Goods and Services Tax Act 1985 the principal Act
2: Except where this Part otherwise provides, this Part shall come into force on the date on which this Act receives the Royal assent.
14: Interpretation
Amendment(s) incorporated in the Act(s)
15: Imposition of goods and services tax on supply
1: Amendment(s) incorporated in the Act(s)
2: This section shall come into force on 1 July 1989 and shall apply to supplies made on and after that date.
16: Value of supply of goods and services
1: Amendment(s) incorporated in the Act(s)
2: This section shall come into force on 1 July 1989 and shall apply to supplies made on and after that date.
17: Imposition of goods and services tax on imports
Section 17 repealed 1 October 1996 section 289(1) Customs and Excise Act 1996
18: Imposition of goods and services tax on goods liable to excise duty and supplied at
in bond Section 18 repealed 1 October 1996 section 289(1) Customs and Excise Act 1996
19: Calculation of tax payable
Amendment(s) incorporated in the Act(s)
20: Effects of imposition or alteration of tax
Amendment(s) incorporated in the Act(s)
21: Returns to be furnished in 2 parts for taxable period in which change in rate of tax occurs
Amendment(s) incorporated in the Act(s)
22: Adjustments to tax payable following change in rate of tax for persons furnishing returns on payments basis, or receiving payments for secondhand goods
Amendment(s) incorporated in the Act(s)
23: New sections inserted in principal Act
Amendment(s) incorporated in the Act(s)
4: Excise duty
24: This Part to be read with Customs Act 1966
This Part and Schedules 1 3 the principal Act
25: Excise duty on motor vehicles
1:
2: Schedule 1 of the Tariff Act 1988 is hereby consequentially amended—
a:
b: Amendment(s) incorporated in the Act(s)
3: This section shall be deemed to have come into force on 22 March 1989. Section 25(1) repealed 28 July 1989 Customs Amendment Act 1989 Section 25(2)﻿(a) repealed 8 August 1990 section 3(5) Tariff Amendment Act 1990
26: Excise duty on petroleum products
1:
2:
3: Amendment(s) incorporated in the Act(s)
4:
5: Amendment(s) incorporated in the Act(s).
6: The Transport (Apportionment of Excise Duty) Order 1986 is hereby revoked.
7: This section shall come into force on 1 July 1989. Section 26(1) repealed 28 July 1989 Customs Amendment Act 1989 Section 26(2) repealed 28 July 1989 Customs Amendment Act 1989 Section 26(4) repealed 1 October 1989 section 116(1) Transit New Zealand Act 1989
5: Amendments to Social Security Act 1964, etc
27: Sections and schedules to be read with Social Security Act 1964
This section, sections 28 to 37 Schedules 6 to 8 the Social Security Act 1964 the principal Act
28: Costs incurred by Authority
Amendment(s) incorporated in the Act(s)
29: Rates of national superannuation
Section 29 repealed 1 April 1990 section 14(20)﻿(e) Social Welfare (Transitional Provisions) Act 1990
30: Rates of benefits, etc, may be increased by Order in Council
1: Amendment(s) incorporated in the Act(s)
2: This section shall come into force on 1 April 1989.
31: Unemployment benefits
1), (2: Amendment(s) incorporated in the Act(s)
3: This section shall come into force on 1 October 1989.
32: Rates of unemployment benefits
Section 32 repealed 1 December 1990 section 15(2) Social Security Amendment Act (No 2) 1990
33: New sections inserted
1: Amendment(s) incorporated in the Act(s)
2: This section shall come into force on 1 October 1989.
34: Telephone-service-rental allowance
Section 34 repealed 1 April 1991 section 24(3)﻿(a) Social Security Amendment Act 1991
35: Inserting references to training benefit
1:
2: Amendment(s) incorporated in the Act(s)
3:
4: Section 35(1) repealed 1 July 1993 section 10(2)﻿(c) Social Security Amendment Act (No 3) 1993 Section 35(3) repealed 1 April 1997 Social Security Amendment Act 1996 Section 35(4) repealed 1 August 1991 section 19(2)﻿(c) Social Security Amendment Act (No 2) 1991
36: New schedules substituted
Section 36 repealed 1 July 1996 Social Security Amendment Act 1996
37: Amending Schedule 20
Section 37 repealed 1 July 1992 Social Security Amendment Act (No 5) 1991
38: Amending Income Tax Act 1976
Section 38 repealed 1 April 1995 section YB 3(1) Income Tax Act 1994
39: Order validated and confirmed
Section 39 repealed 31 July 1989 section 9(2) Finance Act (No 2) 1989