This note is not part of the order, but is intended to indicate its general effect.
This order, which comes into force on 29 November 2011, is made under section 46 of the Telecommunications (TSO, Broadband, and Other Matters) Amendment Act 2011 as part of preparing for the structural separation of Telecom. It approves a proposal signed on behalf of Telecom Corporation of New Zealand Limited and Chorus Limited specifying a list of assets and liabilities for the purpose of the definition of designated assets and liabilities as used in subpart 6 of new Part 2A of the Telecommunications Act 2001. Subpart 6 of that Part deals with the taxation consequences of structural separation.
Date of notification in Gazette: 13 October 2011.
This order is administered by the Inland Revenue Department.