This note is not part of the order, but is intended to indicate its general effect.
This order, which comes into force on the 28th day after the date of its notification in the Gazette, approves 2 territories for the purpose of the Income Tax Act 2007's exemption of income for qualifying foreign equity investors.
The general effect is to grant an income tax exemption to certain residents of the approved territories in respect of certain gains that they make on the sale of shares in certain unlisted New Zealand-resident companies.
Date of notification in Gazette: 4 September 2008.
This order is administered by the Inland Revenue Department.