Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Income - Exempt income

CW 55BAA: Federation of Polytechnics Committee and industry skills boards

You could also call this:

"Income from some education groups is not taxed"

Illustration for Income Tax Act 2007

You get some income from the Federation of Polytechnics Committee. This income is exempt if the Committee is not run to make money for one person. The Committee is set up under section 325 of the Education and Training Act 2020. You also get income from an industry skills board, which is exempt if the board is not run to make money for one person. You get this income if the board is set up under section 362 of the Education and Training Act 2020. This means the income is not taxed. The rules apply to the Federation of Polytechnics Committee and industry skills boards.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1535590.

This page was last updated on — View changes

Topics:
Money and consumer rights > TaxesEducation and learning > Higher education
Previous

CW 55BA: Tertiary education institutions and subsidiaries, or

"Tax exemption for tertiary education institutions and their subsidiaries"

Next

CW 55BAB: Rebate of fees paid by FIF, or

"Getting some money back from fees paid by your foreign investment fund"

Part CIncome
Exempt income

CW 55BAAFederation of Polytechnics Committee and industry skills boards

  1. An amount of income derived by the Federation of Polytechnics Committee established under section 325 of the Education and Training Act 2020 is exempt income if the Committee is not carried on for the private pecuniary profit of any individual.

  2. An amount of income derived by an industry skills board established under section 362 of the Education and Training Act 2020 is exempt income if the board is not carried on for the private pecuniary profit of any individual.

Notes
  • Section CW 55BAA: inserted, on , by section 41 of the Education and Training (Vocational Education and Training System) Amendment Act 2025 (2025 No 56).