Plain language law

New Zealand law explained for everyone

HR 6: Airport operator’s assets
or “Rules for airport operators' ownership and valuation of assets”

You could also call this:

“What counts as an airport operator's work under tax law”

In sections HR 5 and HR 6, ‘airport operator’s activities’ means things done for the airport operator’s joint venture agreement about the airport. This includes work on the airport’s approaches, buildings, and equipment. The activities are setting up the airport, making it better, keeping it in good condition, running it, and managing it.

The word ‘airport’ in this part of the law means the same thing it does in section 2 of the Airport Authorities Act 1966. You can look there to find out exactly what counts as an airport.

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Next up: HR 8: Transitional residents

or “Tax benefits for new residents returning to New Zealand after a long absence”

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Income Tax Act 2007
Taxation of certain entities
HR 7: Meaning of airport operator’s activities

Part H Taxation of certain entities
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HR 7Meaning of airport operator’s activities

In sections HR 5 and HR 6, airport operator’s activities means the following activities undertaken for the purposes of the airport operator’s joint venture agreement concerning the airport, including the airport’s approaches, buildings and equipment:
its establishment:
its improvement:
its maintenance:
its operation:
its management.