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Income Tax Act 2007

Income - Exempt income

CW 40C: Te Pou Tupua

You could also call this:

“Tax exemption for Te Pou Tupua's income, with specific exceptions”

If you receive money as Te Pou Tupua, you don’t have to pay tax on it. Te Pou Tupua is defined in the Te Awa Tupua (Whanganui River Claims Settlement) Act 2017. This means the government lets Te Pou Tupua keep all the money it gets, without taking any as tax.

But there’s one exception to this rule. If you get money that’s described in section CH 11, which talks about Te Awa Tupua and Te Pou Tupua, you might have to pay tax on that money. This section explains when you might need to pay tax on money related to Te Awa Tupua and Te Pou Tupua.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7194506.

Topics:
Money and consumer rights > Taxes
Māori affairs > Treaty of Waitangi
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Part C Income
Exempt income

CW 40CTe Pou Tupua

  1. An amount of income derived by Te Pou Tupua (as defined in the Te Awa Tupua (Whanganui River Claims Settlement) Act 2017) is exempt income.

  2. However, subsection (1) does not apply for an amount of income under section CH 11 (Te Awa Tupua and Te Pou Tupua).

Notes
  • Section CW 40C: inserted, on , by section 26(3) of the Te Awa Tupua (Whanganui River Claims Settlement) Act 2017 (2017 No 7).
  • Section CW 40C(1) heading: inserted, on (with effect on 21 March 2017), by section 36(a) of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
  • Section CW 40C(2) heading: inserted, on (with effect on 21 March 2017), by section 36(b) of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
  • Section CW 40C list of defined terms amount: inserted, on (with effect on 21 March 2017), by section 36(c) of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
  • Section CW 40C list of defined terms exempt income: inserted, on (with effect on 21 March 2017), by section 36(c) of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
  • Section CW 40C list of defined terms income: inserted, on (with effect on 21 March 2017), by section 36(c) of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).