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Income Tax Act 2007

Income - Adjustments - Expenditure other than for entities’ purposes

CH 11B: Te Kāhui Tupua and Te Tōpuni Kōkōrangi

You could also call this:

“Rules for Te Kāhui Tupua and Te Tōpuni Kōkōrangi when spending money outside their main purpose”

When Te Tōpuni Kōkōrangi spends money for something that is not part of its main purpose, you need to know what happens. This is explained in the Te Ture Whakatupua mō Te Kāhui Tupua 2025/Taranaki Maunga Collective Redress Act 2025. If Te Tōpuni Kōkōrangi spends money on something outside its main purpose, it is treated as if it earned that amount of money. You can find more information about Te Tōpuni Kōkōrangi in the Te Ture Whakatupua mō Te Kāhui Tupua 2025/Taranaki Maunga Collective Redress Act 2025 and Part 3 of that Act. This rule applies to the money Te Tōpuni Kōkōrangi spends in a year.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1024945.

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CH 11: Te Awa Tupua and Te Pou Tupua, or

"Income rules for Te Awa Tupua and Te Pou Tupua's non-standard spending"

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CH 11C: Te Ture Whakatupua mō Te Kāhui Tupua 2025/Taranaki Maunga Collective Redress Act 2025 asset management company, or

"Rules for a company's spending under the Taranaki Maunga Collective Redress Act 2025"

Part C Income
Adjustments: Expenditure other than for entities’ purposes

CH 11BTe Kāhui Tupua and Te Tōpuni Kōkōrangi

  1. This section applies when Te Tōpuni Kōkōrangi (as defined in Te Ture Whakatupua mō Te Kāhui Tupua 2025/Taranaki Maunga Collective Redress Act 2025) incurs an amount of expenditure in an income year for a purpose outside the scope and effect of Part 3 of that Act.

  2. Te Tōpuni Kōkōrangi is treated as deriving income for the income year of an amount equal to the amount of the expenditure.

Notes
  • Section CH 11B: inserted, on , by section 57(2) of the Te Ture Whakatupua mō Te Kāhui Tupua 2025/Taranaki Maunga Collective Redress Act 2025 (2025 No 1).