Vol 26 No 4
Issued
01 May 2014

TIB - May 2014

New legislation

  • Student Loan Scheme Amendment Act 2014
  • Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014
  • Order in Council: Tax Administration (Financial Statements) Order 2014

Binding rulings

  • Product ruling BR Prd 14/01: Restaurant Brands Limited Product ruling
  • BR Prd 14/02: Genesis Energy Limited Initial Public Offering

Legislation and determinations

  • Special Determination S25: Valuation of shares issued by Bank and HoldCo following a non-viability trigger event
  • Determination FDR 2014/02: Use of fair dividend rate method for a type of attributing interest in a foreign investment fund
  • Foreign currency amounts – conversion to New Zealand dollars (for the 12 months ending 31 March 2014)

Legal decisions – case notes: Indemnity costs awarded to Commissioner

Corrections

The second reference to “Brian’s assessable period” on page 20, Example 6, incorrectly states the relevant period as being “… from 1 October 2016 until 5 February 2029 …”.

The relevant period should read “… from 1 October 2015 until 5 February 2029 …” [emphasis added to show the correction].