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Vol 4 No 7
Issued
01 Mar 1993

TIB - March 1993

Policy Statements

  • Fidelity Fund Levies - Income Tax and GST Implications
  • Employee or Independent Contractor?
  • GST and Compensation to Maori Organisations
  • Correcting Minor Errors in GST Returns
  • Payments made under Restraint of Trade Agreements
  • Accrual Determinations
    • 5B: Mandatory Conversion Convertible Notes
    • G7C: Futures and Options Markets
    • G26: Variable Rate Financial Arrangements

New Legislation (Proposed)

  • Livestock Valuation - New Self-Assessed Cost Guidelines
  • Livestock Valuation - Questions raised during recent seminars

Questions we've been asked

  • Income Tax Act 1976 
  • Goods and Services Tax Act 1985 
  • Stamp and Cheque Duties Act 1971 
  • Child Support Act 1991 

Legal Decisions - Case Notes

  • Case Q5 (1992) 15 NZTC 5,044: share trading loss, business of share dealing, 15 NZTC 5,044 circulating capital
  • Case Q9 (1992) 15 NZTC 5,055:  restraint of trade agreement, capital
  • Brierley Investments Ltd v Bouzaid & Henry:  administrative law, judicial review, fairness,  legitimate expectations
  • TRA No. 89/230:  GST on consultant’s “commission”
  • TRA No. 91/140:  GST on grants, Public Authority, lodgement of objection
  •  B v CIR (1993) 15 NZTC 10,015:  special circumstances, commitments of the parent necessary to support herself, unjust and inequitable
  • Estate R.E.Turner v CIR:  Dutiable estate; Passing of property; Contingency; Jersey customary law
  • Motor Racing Expenditure - Apportionment (TRA Decision)

See also the appendix.