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Vol 9 No 7
01 Jul 1997

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