TIB - October 2013

New legislation

• Order in Council: Foreign investment fund deemed rate of return set for 2012–13
• Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013

Binding rulings

• Product ruling BR Prd 13/09: Westpac New Zealand Limited
• Product ruling BR Prd 13/10: Newmont Mining NZ Companies

Operational statements

• 2013 review of the Commissioner’s mileage rate for expenditure incurred for the business use of a motor vehicle

Legal decisions – case notes

• Court of Appeal confirms High Court decision
• Supreme Court declines leave to appeal on child support proceeding