TIB - July 1997

Legislation and determinations

• Accrual determinations – fee setting
• Computer Numerically Controlled (CNC) Wood-Turning Machines – draft general depreciation determination
• ACC premium assessments – applications for review
• Library books and periodicals – draft depreciation determination

Binding rulings

• Taylor Paris Group Ltd’s Key Person Loyalty Plan

Questions we’ve been asked

• Income Tax Act 1994: Cost price of repairable spares acquired under a warranty contract – income tax implications

Legal decisions - case notes

• Declaration – legal professional privilege, litigation privilege: AJ Dinsdale v CIR and ANZ Banking Group (NZ) Ltd
• Superannuation surcharge assessment: RS Shaw v CIR
• Demolition cost deductibility – decision on appeal: CIR v Lyttelton Port Company