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
Corrections
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)