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Tax Administration Act 1994

Information, record-keeping, and returns - Returns - Fringe benefits

65: Information to be furnished with return by petroleum mining entity making dispositions of shares or trust interests

You could also call this:

"Petroleum mining companies must report share or trust sales to the Commissioner."

Illustration for Tax Administration Act 1994

If you are a company that mines petroleum and you sell shares or trust interests, you must give the Commissioner some information. You need to tell them the date you sold the shares or trust interests. You also need to tell them how many shares you sold, or what proportion of the trust you sold, and the names and addresses of the people involved in the sale, when these sales are covered by section CX 42 or DT 13 of the Income Tax Act 2007.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM351823.

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Part 3Information, record-keeping, and returns
Returns: Fringe benefits

65Information to be furnished with return by petroleum mining entity making dispositions of shares or trust interests

  1. Every controlled petroleum mining entity shall furnish to the Commissioner, with its annual return, the following information with respect to disposals to which section CX 42 or DT 13 of the Income Tax Act 2007 applies that are made during the relevant income year:

  2. the date of the disposal; and
    1. the number of shares, or the proportion of the trust represented by the trust interest, comprised in the disposal; and
      1. the name and address of the person disposing of and the person acquiring the shares or trust interest.

        Compare
        • 1976 No 65 s 214K(4)
        Notes
        • Section 65: amended, on (effective for 2008–09 income year and later income years, unless the context requires otherwise), by section ZA 2 of the Income Tax Act 2007 (2007 No 97).
        • Section 65: amended (with effect on 1 April 2005), on (applying for income years corresponding to 2005–06 and subsequent tax years), by section 224(1) of the Taxation (Depreciation, Payment Dates Alignment, FBT, and Miscellaneous Provisions) Act 2006 (2006 No 3).
        • Section 65: amended, on (effective for 2005–06 tax year and later tax years, except when the context requires otherwise), by section YA 2 of the Income Tax Act 2004 (2004 No 35).
        • Section 65(a): amended, on (effective for 2005–06 tax year and later tax years, except when the context requires otherwise), by section YA 2 of the Income Tax Act 2004 (2004 No 35).
        • Section 65(b): amended, on (effective for 2005–06 tax year and later tax years, except when the context requires otherwise), by section YA 2 of the Income Tax Act 2004 (2004 No 35).