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Commerce Act 1986

The Commerce Commission

24: Exemption from income tax

You could also call this:

"The Commerce Commission doesn't have to pay tax on its income."

Illustration for Commerce Act 1986

The Commerce Commission's income is exempt from income tax. This means you do not have to pay income tax on the money the Commission earns. The Commission's income is not subject to income tax, so it does not have to pay tax on what it earns.

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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=DLM88256.

Topics:
Money and consumer rights > TaxesBusiness > Industry rulesGovernment and voting > Government departments
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23: Investment of money, or

"Old rule about investing money that is no longer valid"

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25: Functions of Commission in relation to dissemination of information, or

"The Commerce Commission's job is to share information with people about what they do and their powers."

Part 1The Commerce Commission

24Exemption from income tax

  1. The income of the Commission shall be exempt from income tax.