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Tax Administration Act 1994

Third-party providers - PAYE intermediaries

124K: Fitness of applicants

You could also call this:

"Who can apply to be a PAYE intermediary?"

Illustration for Tax Administration Act 1994

When you apply to be a PAYE intermediary, you must meet certain rules. You cannot be a bankrupt or have been convicted of fraud. You must also be eligible to be a company director, as per section NBA 2(1)(c). These rules apply to you if you are a natural person or a corporation sole, or if you are part of an unincorporated body or a body corporate. They also apply to the officers and principals of the applicant. You need to make sure you meet these rules when you apply. The rules are part of section 124I, which is about PAYE intermediaries. You should check this section to understand the rules fully. It is important to meet these rules to be a PAYE intermediary.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1253854.

Topics:
Money and consumer rights > TaxesBusiness > Industry rules
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Part 7BThird-party providers
PAYE intermediaries

124KFitness of applicants

  1. This section applies for the purposes of section 124I to the following:

  2. an applicant who is a natural person or a corporation sole:
    1. each member of an applicant that is an unincorporated body:
      1. an officer of an applicant that is a body corporate:
        1. a principal of an applicant.

          1. The applicant, member, officer, or principal, as applicable,—

          2. must not be a discharged or undischarged bankrupt; and
            1. must not have been convicted of an offence involving fraud; and
              1. must be eligible to be a company director.

                Compare
                Notes
                • Section 124K: replaced, as section 15F (with effect on 1 April 2008), on (applying for tax on income derived in 2008–09 or later income years), by section 598(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
                • Section 124K: renumbered, on , by section 9(2) of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
                • Section 124K(1): amended, on , by section 113 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
                • Section 124K(2)(a): amended (with effect on 1 April 2008), on , by section 264 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
                • Section 124K(2)(b): amended (with effect on 1 April 2008), on , by section 264 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).