These regulations are made for the purposes of section 85N of the Tax Administration Act 1994, and come into force 28 days after their notification in the Gazette. Section 85N (which was inserted by the Taxation (Business Tax, Exchange of Information, and Remedial Matters) Act 2017) allows the Commissioner of Inland Revenue to disclose information about a taxpayer’s tax debts to approved credit reporting agencies if certain preconditions are met. One of those preconditions is that the amount of the taxpayer’s reportable unpaid tax must be greater than the prescribed amount. These regulations set that amount at $150,000.