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Income Tax Act 2007

Deductions - Terminating provisions

DZ 7: Petroleum mining operations outside New Zealand 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.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1514225.

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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.

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