Vol 22 No 4
Issued
01 May 2010

TIB - May 2010

New legislation

  • Student Loan Scheme (Exemptions and Miscellaneous Provisions) Amendment Act 2010

Legislation and determinations

  • Automated dairy drafting systems – Depreciation determination DEP 74
  • General depreciation determination DEP 73
  • Foreign currency amounts – conversion to New Zealand dollars

Interpretation statement

  • IS 10/01: Residential rental properties – Depreciation of items of depreciable property

Legal decisions – case notes

  • Default assessments are inevitable where returns are not filed
  • Claim struck out for abuse of process
  • High Court functus officio
  • Commissioner’s strike out application largely successful

Questions we’ve been asked

  • QB 10/02: GST treatment of futures contracts