Taxation (International Taxation, Life Insurance, and Remedial Matters) Bill

  • enacted

Hon Peter Dunne

Taxation (International Taxation, Life Insurance, and Remedial Matters) Bill

Government Bill


As reported from the Finance and Expenditure Committee


Introductory provisions

Entry rules



Exit rules

Rules for multi-rate PIEs

Introductory provisions

Attributing income to investors

Calculating and paying tax liability

Adjusting investors’ interests

Using tax credits

Prescribed and notified rates for investors in multi-rate PIEs

Exit levels and periods

Treatment of losses by PIEs

Losses of certain multi-rate PIEs

Formation losses

Elections and consequences

Income Tax Act 1994

Income Tax Act 1976

Estate and Gift Duties Act 1968

Stamp and Cheque Duties Act 1971

Taxation Review Authorities Act 1994

Taxation (Business Taxation and Remedial Matters) Act 2007

Acts referring to associated person

Companies Act 1993

Insolvency Act 2006

Income Tax (Depreciation Determinations) Regulations 1993

Goods and Services Tax (Grants and Subsidies) Order 1992

KiwiSaver Regulations 2006

Legislative history

The Parliament of New Zealand enacts as follows: