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Tax Administration Act 1994

Determinations

90AE: Four-year period in which determination not required to be applied

You could also call this:

"Waiting four years to apply new tax rules to existing financial arrangements"

Illustration for Tax Administration Act 1994

You enter into a financial arrangement before a determination or notice under section 90AC(6) comes into force. You do not have to apply the determination to the financial arrangement until four years after it comes into force. You also do not have to treat the notice as affecting the financial arrangement until that date.

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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=DLM353388.

Topics:
Money and consumer rights > Taxes
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90AD: Notification of determinations and notices, or

"When the Commissioner makes a decision, they must tell you about it if it affects you."

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90AF: Imputation arrangement to obtain tax advantage, or

"Stopping tax arrangements that are not fair"

Part 5Determinations

90AEFour-year period in which determination not required to be applied

  1. A person who enters into a financial arrangement before a determination or notice under section 90AC(6) comes into force is not required to apply the determination to the financial arrangement, or treat the notice as affecting the financial arrangement, until the date that is 4 years after the determination or notice comes into force.

Notes
  • Section 90AE: replaced, on , by section 107 of the Taxation (Venture Capital and Miscellaneous Provisions) Act 2004 (2004 No 111).
  • Section 90AE: amended, on , by section 3 of the Secondary Legislation Act 2021 (2021 No 7).