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Income Tax Act 2007

Income - Income from holding property (excluding equity)

CC 9C: Amount of resale royalty retained by collection agency

You could also call this:

“How much of the artist's resale royalty a collection agency can keep”

When a collection agency gets a resale royalty under section 17 of the Resale Right for Visual Artists Act 2023, you need to know how it affects their income. The amount they get is not considered income for the collection agency, except for the part they are allowed to keep under section 20 of that Act. This means you only pay attention to the amount they are entitled to retain when thinking about their income.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1427409.

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CC 9B: Resale royalties, or

"Money artists get when their work is sold again, and how it affects their income."

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CC 10: Films, or

"Income from rights or interests in films"

Part C Income
Income from holding property (excluding equity)

CC 9CAmount of resale royalty retained by collection agency

  1. This section applies when the collection agency receives an amount of a resale royalty under section 17 of the Resale Right for Visual Artists Act 2023.

  2. The amount is not income of the collection agency except to the extent of the amount that the collection agency is entitled to retain under section 20 of that Act.

Notes
  • Section CC 9C: inserted (with effect on 1 December 2024), on , by section 10 of the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Act 2025 (2025 No 9).