3 Application of section MF 7 (Orders in Council)
The Parliament of New Zealand enacts as follows:
This Act is the Income Tax (Working for Families Indexation—Budget Measures) Amendment Act 2012.
This Act comes into force on the day after the date on which it receives the Royal assent.
(1) Section MF 7(1)(a), (2), and (2B) of the Income Tax Act 2007 (as amended or inserted by section 94(2), (4), and (5) of the Taxation (Budget Measures) Act 2010) apply for Working for Families entitlements for the 2014–15, 2015–16, 2016–17, and 2017–2018 tax years.
(2) Subsection (1) does not limit section 94(6) of the Taxation (Budget Measures) Act 2010.
This Act is administered by the Inland Revenue Department.