Part FRecharacterisation of certain transactions
Tax relief for emergencies: Optional rule for valuation of group assets
FP 26Livestock specified by regulations
The Governor-General may, by Order in Council made on the recommendation of the Minister of Revenue, make regulations specifying 1 or more types or classes of livestock set out in schedule 17 (Types and classes of livestock) to which sections FP 23 to FP 25 apply.
Regulations made under this section may be expressed to come into force on a day that is before, on, or after the date on which they are made, but not earlier than the date the emergency event begins, as specified by regulations made under section 6J of the Tax Administration Act 1994, and the regulations come into force or, as the case may be, are deemed to have come into force accordingly.
Regulations made under this section may be retrospective only to the extent provided for in subsection (2).
Regulations made under this section are secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).
Notes
- Section FP 26: inserted, on , by section 65 of the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Act 2025 (2025 No 9).