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New Zealand law explained for everyone

Income Tax Act 2007

Taxation of certain entities - Portfolio investment entities

HL 6: Investor membership requirement

You could also call this:

“This rule about investor membership no longer applies”

You don’t need to worry about the investor membership requirement anymore. This part of the law was removed on 1 April 2010. It used to be part of the rules about how certain groups are taxed in the Income Tax Act 2007, but it’s not in use now.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517513.

Topics:
Money and consumer rights > Taxes
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“This rule about income interest is no longer part of the tax law”

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HL 7: Investor return adjustment requirement: portfolio tax rate entity, or

“This rule about adjusting investor returns for certain companies no longer applies”

Part H Taxation of certain entities
Portfolio investment entities

HL 6Investor membership requirement (Repealed)

    Notes
    • Section HL 6: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).