New Zealand Legislation: Acts

227 Status of Crown contribution and fee subsidy for tax purposes

• A Crown contribution paid in respect of a member of a KiwiSaver scheme under section 226 or a fee subsidy paid in respect of a member of a KiwiSaver scheme under regulations made under section 228(n) is not—

  • (a) income for the purposes of the Income Tax Act 2007; or

  • (b) a gift for the purposes of the Estate and Gift Duties Act 1968.

  Section 227(a): amended, on 1 April 2008, by section ZA 2(1) of the Income Tax Act 2007 (2007 No 97).