TIB - December 2001

Binding rulings

• Correction to Product Ruling BR Prd 01/17

New legislation

• Child Support Amendment Act 2001

Standard Practice Statements

• Six-monthly GST return threshold GNL – 420

Legal decisions – case notes

• Correct method of appealing challenge-based decisions of TRA: CIR v Dick and Grierson
• “Fees” paid by taxpayer to subsidiary were capital in nature and non-deductible: Mainzeal Holdings Ltd v CIR
• Application to strike out judicial review proceedings: JG Russell & Ors v Taxation Review Authority & Anor
• Commissioner’s application to strike out taxpayer’s judicial review proceeding dismissed: Abattis Properties Ltd v CIR
• Whether late payment charge on insurance premiums was interest and taxable or additional premiums and tax-exempt: CIR v Colonial Mutual Ltd