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FF 9: Calculating debt percentage of New Zealand foreign groups
or “Removed rule for working out how much debt NZ foreign groups have”
You could also call this:

“This removed provision used to explain how to calculate debt for foreign company groups”

This section of the law, called ‘Calculating debt percentage of consolidated foreign groups’, used to be part of the Income Tax Act 2007. However, it has been removed from the law. The government took it out on 30 June 2009. This means that this part of the law no longer applies, and you don’t need to worry about it anymore.

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Next up: FF 11: Changes in foreign group membership

or “Removed provision about changes in overseas company groups”
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Part F Recharacterisation of certain transactions
Interest apportionment for conduit investment

FF 10Calculating debt percentage of consolidated foreign groups (Repealed)

    Notes
    • Section FF 10: repealed (with effect on 30 June 2009), on , by section 228(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).