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Tax Administration Act 1994

Miscellaneous

226F: Application of changes to model reporting standards for digital platforms

You could also call this:

"Rules for digital platforms to report information can be changed by the Governor-General"

Illustration for Tax Administration Act 1994

The Governor-General can make rules to change how digital platforms report information. You need to know that these rules can affect how changes to reporting standards apply to you. The rules can say when a change starts or stops, and how it affects your obligations. The Governor-General can make a rule that applies from a certain date. You will not have to follow the new rule before that date. The rule can also change or cancel earlier rules. The Governor-General's rules are a type of law called secondary legislation, (see Part 3 of the Legislation Act 2019 for more information). These rules have to be published in a certain way. The Governor-General can make new rules to change or cancel earlier ones.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS935436.

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Part 13Miscellaneous

226FApplication of changes to model reporting standards for digital platforms

  1. The Governor-General may, by Order in Council, make regulations for a change in the model reporting standards for digital platforms providing for the cancellation, reversal, or non-application of—

  2. a change to or the effect of a change on the model reporting standard for digital platforms or extended model reporting standard for digital platforms, as applicable:
    1. a period for which a change or an effect applies or does not apply:
      1. the effect of a change to the model reporting standard for digital platforms or extended model reporting standard for digital platforms, as applicable, on the obligations and liabilities of a person or entity or class of persons or entities.

        1. A regulation may set out the period for which it is to apply, which must not begin before the latest reportable period that finishes before the regulation is made. If necessary or appropriate, a regulation may also make a change in the model reporting standards for digital platforms that applies during a reportable period.

        2. When a change is made by regulations under this section and is expressed to apply for a reportable period in which the regulation is made as set out in subsection (2), the change applies from the date on which the regulation comes into force. Nothing in this section or in the regulation requires a reporting platform operator to give effect to the change from an earlier date.

        3. A regulation may provide for the change, extension, limitation, suspension, or cancellation of an earlier regulation.

        4. Regulations made under this section are secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).

        Notes
        • Section 226F: inserted, on , by section 212 of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).