Taxation (International Investment and Remedial Matters) Act 2012

61 Identifying members of New Zealand group
  • (1) Section FE 28(1)(a)(iii) is replaced by the following:

    • (iii) deriving income, other than non-resident passive income, that has a source in New Zealand and for which relief from New Zealand tax under a double tax agreement is unavailable; and.

    (2) Section FE 28(2)(a)(iii) is replaced by the following:

    • (iii) deriving income, other than non-resident passive income, that has a source in New Zealand and for which relief from New Zealand tax under a double tax agreement is unavailable; and.

    (3) In section FE 28, in the list of defined terms, non-resident passive income and tax are inserted.

    (4) Subsections (1) and (2) apply for income years beginning on or after 1 July 2011.