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Gambling Act 2003

Institutions - New Zealand Lotteries Commission - Financial provisions relating to Lotteries Commission

264: Exemption from income tax

You could also call this:

"The Lotteries Commission doesn't have to pay income tax."

Illustration for Gambling Act 2003

The Lotteries Commission does not have to pay income tax. You do not have to worry about this if you are not the Lotteries Commission. This rule is part of the law that applies to the Lotteries Commission.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM209772.

Topics:
Money and consumer rights > TaxesMoney and consumer rights > Gambling
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263: Payment of profits, or

"When the Lotteries Commission makes money, it must put its profits into a special account, unless the Minister says it can keep some."

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265: Financial year, or

"What a financial year is in laws about money"

Part 3Institutions
New Zealand Lotteries Commission: Financial provisions relating to Lotteries Commission

264Exemption from income tax

  1. The Lotteries Commission is exempt from the payment of income tax.

Compare
  • 1977 No 84 s 112