Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
DC 12: Loans to employees under share purchase schemes
or “ This rule about company loans for employee share purchases no longer applies ”
You could also call this:

“This provision about approving share purchase schemes before restrictions end is no longer in use”

This part of the law used to be about how to approve share purchase schemes before the end of a restricted period. However, it’s no longer part of the current law. The government removed this section on 29 March 2018. If you want to know more about share purchase schemes, you might need to look at other parts of the tax law that are still in effect.

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 It might be out of date or be missing some parts.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: DC 14: Criteria for approval of share purchase schemes: when period of restriction ends

or “Share purchase scheme restriction periods have been removed from the law”
Next

Part D Deductions
Employee or contractor expenditure

DC 13Criteria for approval of share purchase schemes: before period of restriction ends (Repealed)

    Notes
    • Section DC 13: repealed, on , by section 49 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).