Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
EH 2: Deposits to be paid into Crown Bank Account
or “Money deposited with the Commissioner goes into a government account”
You could also call this:

“Who can use the main income equalisation scheme for farmers, fishers, and foresters”

The main income equalisation scheme applies to you if you are a farmer, fisher, or forester in New Zealand. You are considered a farmer if you run a farming or agricultural business on land in New Zealand. You are a fisher if you operate a fishing business. You are a forester if you make money from forestry and are not a company, public authority, Maori authority, or unincorporated body. In this scheme, when it talks about a person, it means a farmer, fisher, or forester as described above.

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 It might be out of date or be missing some parts.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: EH 4: Main deposit

or “Depositing money into your main income equalisation account for farmers, fishers, and foresters”
Next

Part E Timing and quantifying rules
Income equalisation schemes: Application

EH 3Persons to whom main income equalisation scheme applies

  1. The main income equalisation scheme applies to—

  2. a farmer, which means a person carrying on a farming or agricultural business on land in New Zealand; or
    1. a fisher, which means a person carrying on a fishing business; or
      1. a forester, which means a person who—
        1. derives income from forestry; and
          1. is not a company, a public authority, a Maori authority, or an unincorporated body.

          2. In the main income equalisation scheme, person means a farmer, fisher, or forester.

          Compare