Taxation (Taxpayer Assessment and Miscellaneous Provisions) Act 2001

240 Zero-rating of goods
  • (1) After section 11(1)(k), the following is inserted:

    • (ka) the goods are supplied for use on, or the use of, a pleasure craft, being a temporary import within the meaning of section 116 of the Customs and Excise Act 1996, that cause or enable the craft to sail, or that ensure the safety of passengers and crew on the craft; or.

    (2) Section 11(1)(l) is replaced by:

    • (l) the goods are supplied as consumable stores for use outside New Zealand on—

      • (i) an aircraft going to a destination outside New Zealand; or

      • (ii) a fishing ship going outside New Zealand fisheries waters; or

      • (iii) a foreign-going ship; or

      • (iv) a pleasure craft that is a temporary import within the meaning of section 116 of the Customs and Excise Act 1996 going to a destination outside New Zealand fisheries waters; or.

    (3) In section 11(9), the following is inserted after the definition of aircraft:

    consumable stores means—

    • (a) goods that passengers and crew on board an aircraft or a ship intend to consume; and

    • (b) goods necessary to operate or maintain an aircraft or a ship, including fuel and lubricants but excluding spare parts and equipment.

    (4) In section 11(9), in the definition of foreign-going ship, as those terms are defined in section 2 of the Maritime Transport Act 1994, is omitted.

    (5) In section 11(9), the following is inserted after the definition of New Zealand fisheries waters:

    pleasure craft has the meaning set out in section 2 of the Maritime Transport Act 1994.

    (6) In section 11(9), the following is added after the definition of sealed bag system:

    ship has the meaning set out in section 2 of the Maritime Transport Act 1994.

    (7) Subsections (1) to (6) apply on and after the date this Act receives the Royal assent.