Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Taxation of certain entities - Portfolio investment entities

HL 4: Effect of failure to meet eligibility requirements for entities

You could also call this:

“What happens when groups don't meet tax rules”

This part of the law has been removed. It used to talk about what happens when certain groups don’t meet the rules they need to follow. The section was called ‘Effect of failure to meet eligibility requirements for entities’. It was part of the rules about how some groups pay taxes. This was in the Income Tax Act 2007. The government took this section out on 1 April 2010. This change affects how taxes work from the 2010-11 tax year onwards.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517509.

Topics:
Money and consumer rights > Taxes
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“This section about entity eligibility rules was removed in 2010”

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Part H Taxation of certain entities
Portfolio investment entities

HL 4Effect of failure to meet eligibility requirements for entities (Repealed)

    Notes
    • Section HL 4: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).