Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
DZ 6: Partnership interests and disposal of part of asset before 16 December 1991
or “Rules for partners selling property before 16 December 1991”
You could also call this:

“Rules for overseas petroleum mining before 16 December 1991”

If you are a petroleum miner working outside New Zealand, this law might apply to you. It says that sections DZ 3 to DZ 6 can be used for your operations if two things are true. First, your work must be done through a branch or a controlled foreign company outside New Zealand. Second, your work must be very similar to the petroleum mining activities that this law covers. The government will make any small changes needed to make these rules fit your situation.

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 It might be out of date or be missing some parts.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: DZ 8: Acquiring patent rights before 1 April 1993

or “Tax deductions for patent rights bought before April 1993”
Next

Part D Deductions
Terminating provisions

DZ 7Petroleum mining operations outside New Zealand before 16 December 1991

  1. Sections DZ 3 to DZ 6 apply, with any necessary modifications, to a petroleum miner undertaking petroleum mining operations that are—

  2. outside New Zealand and undertaken through a branch or a controlled foreign company; and
    1. substantially the same as the petroleum mining activities governed by this Act.

      Compare