Plain language law

New Zealand law explained for everyone

Tax Administration Act 1994

Third-party providers - Approved AIM providers

124ZB: Revocation of approval of AIM providers: provider

You could also call this:

"When the Commissioner stops approving an AIM provider at their request"

Illustration for Tax Administration Act 1994

The Commissioner can stop approving a person as an approved AIM provider if the person asks them to. You can find out how a person becomes an approved AIM provider in section 124Y. The stop happens the tax year after the Commissioner gets the request. If you ask the Commissioner to stop your approval, you must tell all the people who use your products that it will stop. This is so they know what is happening. You must tell them as soon as you can. The Commissioner's stop does not happen straight away. It happens the tax year after they get your request. You need to tell the people who use your products about the stop.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

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=LMS38108.

Topics:
Money and consumer rights > TaxesBusiness > Industry rules
Previous

124Z: Revocation of approval of AIM providers: Commissioner, or

"When the Commissioner can stop an AIM provider from being approved"

Next

124ZC: Publication of approval or revocation, or

"The Commissioner tells people about certain tax decisions."

Part 7BThird-party providers
Approved AIM providers

124ZBRevocation of approval of AIM providers: provider

  1. The Commissioner’s approval of a person as an approved AIM provider under section 124Y is revoked if the person notifies the Commissioner of the person’s choice to revoke the Commissioner’s approval.

  2. A revocation under subsection (1) does not take effect until the tax year after the tax year in which the Commissioner has received notification of the revocation.

  3. A person who has given notice under subsection (1) must immediately give notice of their choice to revoke to all end-users of the person’s products that will be affected by the revocation.

Notes
  • Section 124ZB: inserted, as section 15W, on (applying for the 2018–19 and later income years), by section 50(1) of the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017 (2017 No 3).
  • Section 124ZB: 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 124ZB(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).