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Vol 18 No 3
01 Apr 2006

TIB - April 2006

New legislation

  • Student Loan Scheme Amendment Act 2005
    • “Interest-free” student loans for borrowers living in New Zealand
    • Refunds of student loan over-payments
    • Interest rate formula
    • Amnesty on student loan penalties
  • Taxation (Annual Rates of Income Tax 2005-06) Act 2005
  • Taxation (Urgent Measures) Act 2005
    • Wine producer rebate
    • Enhancements to Working for Families
  • Orders in Council
    • Student loan interest rates formula
    • Student loan interest rates for 2006-07

Operational statements

  • GST treatment of supplies of telecommunications services

Legal decisions – case notes

  • Casual relief driver is employee: TRA 003/05 Decision No 001/2006
  • Section 17 notice served upon a liquidator: Re: Next Generation Investments Ltd (in liq) v The Commissioner of Inland Revenue (Judicial Review)
  • High Court discusses Commissioner's ability to settle tax litigation: Accent Management Limited & Ors v The Commissioner of Inland Revenue 


In the item published under the section “Operational Statement”, pp13–24, the diagram (p20, paragraph 80) under “Example 6: toll-free calling service:” is incorrect.

The correct diagram and paragraph can be seen on page 18 of TIB Volume 18 No 4 (May 2006)