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Tax Administration Act 1994

Foreign account information-sharing agreements - FATCA agreement

185I: Obligations related to FATCA agreement: information for NZ competent authority

You could also call this:

"Following FATCA rules: sharing information with New Zealand authorities"

Illustration for Tax Administration Act 1994

You must get and give information to the New Zealand competent authority if the FATCA agreement says you have to. The information you get and give must be as described in the agreement. You can get and give information that the New Zealand competent authority needs to exchange with another country's authority. You have to get and give this information in the way set out in the FATCA agreement and in regulations made by the Governor-General under section 224. These regulations tell you how to get and give the information. You must follow these rules when getting and giving information.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6191605.

Topics:
Money and consumer rights > Taxes
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185H: Obligations related to FATCA agreement: due diligence, or

"Following rules to check who we share tax info with"

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185J: Obligations related to FATCA agreement: information for third parties, or

"Following the FATCA agreement: sharing information with others"

Part 11BForeign account information-sharing agreements
FATCA agreement

185IObligations related to FATCA agreement: information for NZ competent authority

  1. A person, as described in the FATCA agreement (the agreement), must obtain and provide information to the New Zealand competent authority if that information and its providing and obtaining is described or contemplated in the agreement in relation to the person, and including obtaining and providing—

  2. the information that the New Zealand competent authority is obliged to obtain and exchange with a foreign competent authority:
    1. other information that the person is authorised to obtain and provide to the New Zealand competent authority.

      1. Information described in subsection (1) must be obtained and provided in accordance with—

      2. the agreement; and
        1. regulations made by Order in Council by the Governor-General for the purposes of this Part under section 224.

          Notes
          • Section 185I: inserted, on , by section 182 of the Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Act 2014 (2014 No 39).
          • Section 185I heading: amended, on , by section 25(1) of the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017 No 3).
          • Section 185I(1): amended, on , by section 25(2) of the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017 No 3).