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A 1: Title
or “This provision states the official name of the law: Income Tax Act 2007”
You could also call this:

“When this tax law begins to apply and affect your income”

This law starts on 1 April 2008. This means it begins to take effect from that date.

There’s a small exception to this start date. Two specific parts of the law, [sections CW 41(2) and CW 42(1)(b)], begin a bit later, on 1 July 2008.

Even though the law starts in 2008, it mainly applies to money you earn from the 2008-09 tax year onwards. This means it doesn’t usually affect money you earned before this time.

Remember, sometimes the law might need to be used differently depending on the situation. But in most cases, it will only affect your taxes from the 2008-09 tax year and later years.

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Next up: AA 1: Purpose of Act

or “This Act explains how income is taxed and outlines your tax responsibilities”
Next

A 2Commencement

  1. This Act comes into force on 1 April 2008.

  2. Despite subsection (1), sections CW 41(2) and CW 42(1)(b) come into force on 1 July 2008.

  3. However, except when the context requires otherwise, this Act applies only with respect to the tax on income derived in the 2008–09 income year and later income years.

Compare
  • 2004 No 35 s A 2
Notes
  • Section A 2(1B) heading: inserted, on , by section 307 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
  • Section A 2(1B): inserted, on , by section 307 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).