TIB - September 2004

Binding rulings

• Product ruling – BR PRD 04/10
• Product ruling – BR PRD 04/11

Interpretation statements

• Shortfall penalty for gross carelessness

Legislation and determinations

• Integrated silk flower arrangements – draft provisional depreciation determination

New legislation

• Fringe benefit tax—prescribed rate of interest on low-interest employment-related loans
• Forests Amendment Act 2004 – tax-related provisions

Legal decisions – case notes

• To dispute/challenge default assessments: CIR v Taxation Review Authority and Donald Eugene Allen
• “Robust and practical” investigation and assessment survives judicial review: W A Duncan v CIR (Judicial Review)
• High court costs finalised at last: B L Miller & Ors v CIR: Managed Fashions Limited & Ors v CIR CA 117/03
• Mareva injunction and charging orders upheld: Donald Eugene Allen, Silver Fern Trustees Limited v CIR 25
• Confidentiality orders overturned: C and Multiple Parties v CIR