Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
CU 11: Meaning of asset for sections CU 3 to CU 10
or “Definition of 'asset' for mining tax rules is no longer applicable”
You could also call this:

“This rule about resident mining operators no longer applies”

This section of the law doesn’t apply anymore. It used to talk about how certain parts of the law worked for resident mining operators. But on 1 April 2014, the government removed this section from the Income Tax Act 2007. This means that from the 2014-15 tax year onwards, these rules no longer exist in the law.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: CU 13: Application of sections to non-resident mining operators

or “This section about non-resident mining operators no longer applies”
Next

Part C Income
Income from mineral mining: Definitions

CU 12Application of sections to resident mining operators (Repealed)

    Notes
    • Section CU 12: repealed, on (applying for the 2014–15 and later income years), by section 14(1) of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).