This note is not part of the order, but is intended to indicate its general effect.
This order comes into force on the 28th day after the date of its notification in the Gazette. It applies to certain companies in connection with development work in Niue, and allows those companies to group tax losses under subpart IC of the Income Tax Act 2007 at a lower threshold of common ownership than that which applies under the standard provisions of that subpart.
Date of notification in Gazette: 13 December 2012.
This order is administered by the Inland Revenue Department.