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Income Tax Act 2007

Recharacterisation of certain transactions - Interest apportionment on thin capitalisation - New Zealand banking group

FE 33: New Zealand banking group

You could also call this:

“How to determine who belongs to a New Zealand banking group”

You can find out who belongs to a New Zealand banking group by following these steps:

First, you need to find out who the ultimate parent of a registered bank is. You can learn how to do this by looking at section FE 34.

Next, you need to check if anyone can be left out of a banking group. Section FE 35 explains how to do this.

Finally, you need to figure out who can be included as a member of a banking group. This includes both people and fixed establishments. Section FE 36 tells you how to do this.

These steps help you understand who is part of a New Zealand banking group.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1516533.

Topics:
Money and consumer rights > Banking and loans
Money and consumer rights > Taxes
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FE 32: Joint venture parties, or

“Rules for companies partly owned by worldwide group members”

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FE 34: Identifying ultimate parent, or

“How to determine the top-level owner of a New Zealand banking group”

Part F Recharacterisation of certain transactions
Interest apportionment on thin capitalisation: New Zealand banking group

FE 33New Zealand banking group

  1. The following steps are used to determine the membership of a New Zealand banking group:

  2. identifying the ultimate parent of a registered bank, see section FE 34:
    1. determining whether a person may be excluded from a banking group, see section FE 35:
      1. identifying a person and a fixed establishment as a member of a banking group, see section FE 36.