Vol 9 No 2
Issued
01 Feb 1997

TIB - February 1997

Legislation and determinations

  • Aquariums - Depreciation Determination DEP22
  • Student Loan Scheme - interest rates and repayment threshold for 1997-98
  • Use of money interest rates from February/April 1997
  • Compliance and penalties - amendments to TIB 8.7 - see appendix

Binding rulings

  • Trans Power’s services in connection with AC Hedge contracts not exempt as financial services for GST purposes (BR Prd 97/3)

Legal decisions - case notes

  • Forestry block sold early – cessation of activity for GST purposes?: TRA 95/43
  • Loss offset in group of companies: Golden Bay Cement Co v CIR
  • FBT on vehicles used by employees of earthmoving company: TRA 95/068
  • Timeshare purchase – GST input deduction: TRA 94/94