Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
HL 4: Effect of failure to meet eligibility requirements for entities
or “What happens when groups don't meet tax rules”
You could also call this:

“Old law about foreign investment groups no longer applies”

This law about foreign investment vehicles is no longer in effect. It was part of the rules about how certain groups are taxed, but it was removed from the Income Tax Act 2007. You don’t need to worry about following this rule anymore because it doesn’t apply now.

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 It might be out of date or be missing some parts.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: HL 5B: Meaning of investor and portfolio investor class

or “This section, which defined investors and portfolio investor classes, is no longer active”
Next

Part H Taxation of certain entities
Portfolio investment entities

HL 5Foreign investment vehicles (Repealed)

    Notes
    • Section HL 5: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).