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BR Prd 22/14
13 Dec 2022
01 Apr 2022
31 Mar 2027

Bank of New Zealand

This ruling applies to a BNZ product called TotalMoney, a package of accounts and loans offered to customers. TotalMoney allows customers to group or aggregate accounts for the purposes of either “pooling” or “offsetting” the account balances.

Tax Information Bulletin Vol 35 No 1, February 2023