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Income Tax Act 2007

Schedule 29: Portfolio investment entities: listed investors

You could also call this:

"Who is listed as an investor in special investment groups"

The Income Tax Act 2007 has a schedule about portfolio investment entities. You need to know what kinds of investors are listed. These include a PIE, a foreign PIE equivalent, and a life insurer. The Crown, as owner of the New Zealand Superannuation Fund, is also listed.

You are also an investor if you are the Accident Compensation Corporation or a local authority. Toka Tū Ake – Natural Hazards Commission and a community trust are listed too. Some companies and trusts are included, like a lines trust or a company owned by a local authority. The schedule has two parts, A and B, which list different types of investors. Part B includes superannuation funds and public unit trusts. For example, a superannuation fund established under the National Provident Fund Restructuring Act 1990 is listed, as is the fund established by the Government Superannuation Fund Act 1956, which you can find out more about by looking at the Government Superannuation Fund Act 1956.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2918740.

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29Portfolio investment entities: listed investors Empowered by ss HM 21, HM 22

A

  • A PIE or an entity that qualifies for PIE status.
    1. A foreign PIE equivalent.
      1. A life insurer.
        1. The Crown as owner of the New Zealand Superannuation Fund.
          1. The Crown as owner of the VCF.
            1. A Fund investment entity that is treated as being wholly owned by the Crown under section HR 4B.
              1. A VCF investment vehicle, as referred to in section 25 of the Venture Capital Fund Act 2019, that is treated as being wholly owned by the Crown under section HR 4B.
                1. A company that is treated as being wholly owned by the Crown under section HR 4B.
                  1. The Accident Compensation Corporation, or a Crown entity subsidiary of the Corporation.
                    1. Toka Tū Ake – Natural Hazards Commission.
                      1. A local authority.
                          1. A boutique investor class, treating interests combined under section HM 16 as held by 1 person.
                            1. A community trust.
                                1. A lines trust.
                                  1. A company in which a local authority or a lines trust holds—
                                    1. a voting interest of 100%; and
                                      1. if a market value circumstance exists for the company, a market value interest of 100%.
                                        2. Notes
                                        • Schedule 29 part A item 4: replaced, on , by section 7 of the Taxation (New Zealand Superannuation and Retirement Income) Act 2015 (2015 No 94).
                                        • Schedule 29 part A item 4BA: inserted, on , by section 17 of the New Zealand Superannuation and Retirement Income Amendment Act 2019 (2019 No 77).
                                        • Schedule 29 part A item 4B: replaced, on , by section 17 of the New Zealand Superannuation and Retirement Income (Controlling Interests) Amendment Act 2024 (2024 No 16).
                                        • Schedule 29 part A item 4BB: inserted, on , by section 17 of the New Zealand Superannuation and Retirement Income Amendment Act 2019 (2019 No 77).
                                        • Schedule 29 part A item 4C: inserted, on , by section 7 of the Taxation (New Zealand Superannuation and Retirement Income) Act 2015 (2015 No 94).
                                        • Schedule 29 part A item 6: replaced, on , by section 163 of the Natural Hazards Insurance Act 2023 (2023 No 1).
                                        • Schedule 29 part A item 7: replaced, on , by section 290(1) of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
                                        • Schedule 29 part A item 7B: repealed, on , by section 138(1) of the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021 (2021 No 8).
                                        • Schedule 29 part A item 9: added (with effect on 1 April 2010), on (applying for the 2010–11 and later income years), by section 123(1) of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).
                                        • Schedule 29 part A item 10: repealed, on , by section 290(2) of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
                                        • Schedule 29 part A item 11: inserted, on , by section 138(2) of the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021 (2021 No 8).
                                        • Schedule 29 part A item 12: inserted, on , by section 138(2) of the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021 (2021 No 8).

                                        B

                                      2. A superannuation fund established under the proposal for the restructuring of the National Provident Fund required by the National Provident Fund Restructuring Act 1990.
                                        1. The fund established by the Government Superannuation Fund Act 1956.
                                          1. A public unit trust.
                                              1. A superannuation fund that—
                                                1. was in existence before 17 May 2006; and
                                                  1. would, if treated as a unit trust, meet the requirements of 1 or more of paragraphs (a) and (c) to (e) of the definition of public unit trust; and
                                                    1. has no investor, other than its manager or trustee, who can control its investment decisions.
                                                      2. Notes
                                                      • Schedule 29 part B item 4: repealed (with effect on 1 April 2010), on (applying for the 2010–11 and later income years), by section 123(2) of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).