New Zealand Legislation: Bills
Bills are proposed Acts
(1) Section BE 1(6) is repealed.
(2) In section BE 1, in the list of defined terms, “FDP”
and “FDP rules”
are omitted.
(3) Subsections (1) and (2) apply for the 2009–10 and later income years.
(1) Section BE 1(1) is replaced by the following:
“PAYE income payments
“(1) A person who makes a PAYE income payment must withhold an amount from the payment under the PAYE rules.”
(2) A person who makes an employer's superannuation cash contribution must pay ESCT under the ESCT rules.
(3) Section BE 1(6) is repealed.
(4) In section BE 1, in the list of defined terms, “retirement savings scheme”
, “retirement scheme contribution”
, “RSCT”
, and “RSCT rules”
are inserted.
(5) In section BE 1, in the list of defined terms,—
(a) “employer's superannuation contribution”
and “PAYE payment”
are omitted:
(b) “employer's superannuation cash contribution”
and “PAYE income payment”
are inserted.
(6) In section BE 1, in the list of defined terms, “FDP”
and “FDP rules”
are omitted.
(7) Subsections (1) and (2) apply for the 2008–09 and later income years.
(8) Subsection (3) applies for—
(a) the 2009–10 and later income years, for persons having a balance date on or after 30 June; or
(b) the 2010–11 and later income years, for persons having a balance date before 30 June.