EH 79Other definitions

1. In the thinning operations income equalisation scheme,—

   date the deposit ends means—

   1. the date on which the refund is calculated, when section EH 68 applies:
   2. the date on which the Commissioner receives the application for the refund, when section EH 71 or EH 73 applies:
   3. the date on which the Commissioner receives notice of the liquidation, when section EH 75 applies

   deposit—

   1. means a thinning operations deposit; and
   2. includes, for the purposes of sections EH 66(2) to (4) and EH 70 to EH 77, interest that is added to a thinning operations deposit under section EH 66(5)

   specified period, for a person’s tax year, means the shorter of—

   1. the period of 6 months after the end of the accounting year that corresponds to the tax year; and
   2. the period from the end of the accounting year that corresponds to the tax year to the date 1 month after the date by which the person must, under section 37 of the Tax Administration Act 1994, file their return of income for the accounting year that corresponds to the tax year

   thinning operations means operations in which some trees in an immature stand of trees are felled for the purpose of improving the growth and form of the remaining trees and not for the purpose of permanently breaking the canopy

   thinning operations deposit means a payment made to the Commissioner under section EH 64(1)

   thinning operations income equalisation account, for a person, means the account that the Commissioner keeps in the person’s name under section EH 65.

Compare

• 2004 No 35 s EH 81

Notes

• Section EH 79 list of defined terms apply: inserted, on 2 June 2016, by section 74 of the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016 (2016 No 27).