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Vol 25 No 10
01 Nov 2013

TIB - November 2013

Interpretation statements

  • IS 13/02: Income tax – whether certain rights conferred by the Companies Act 1993 could give rise to a “shareholder decision-making right”

Binding rulings

  • Product ruling BR Prd 13/11: Meridian Energy Limited

Legislation and determinations

  • Special Determination S24: Application of the financial arrangements rules to the sale of shares in Meridian by the Crown
  • Foreign currency amounts – conversion to New Zealand dollars

New legislation

  • Order in Council: Information-sharing agreement between Inland Revenue and the Department of Internal Affairs – contact details as part of passport renewal or application process

Questions we’ve been asked

  • QB 13/04: Income tax – Retention money

Items of interest

  • Update on Public Information Bulletin review

Legal decisions – case notes

  • Trinity avoidance scheme
  • Outstanding proceedings not a “substantial dispute” for the purpose of setting aside a statutory demand where there are finalised tax challenges