PURSUANT to section EH4(9) of the Income Tax Act 1994, Her Excellency the Governor-General, acting by and with the advice and consent of the Executive Council, hereby makes the following order.

1 Title

2 Social assistance suspensory loans

Schedule
Social Assistance Suspensory Loans

1 Title

This order may be cited as the Income Tax (Social Assistance Suspensory Loans) Order 1995.

2 Social assistance suspensory loans

It is hereby declared that suspensory loans of the kind specified in the Schedule to this order are social assistance suspensory loans for the purposes of sections EW 45 and EZ 38 of the Income Tax Act 2007 (and also for the purposes of section 64F of the Income Tax Act 1976).

Clause 2: amended, on 1 April 2008, by section ZA 2(1) of the Income Tax Act 2007 (2007 No 97).

Clause 2 was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by substituting the words “sections EH 53 and EZ 35 of the Income Tax Act 2004” for the words “section EH 4 of the Income Tax Act 1994”.

Clause 2 was amended, as from 21 June 2005, by section 163 Taxation (Base Maintenance and Miscellaneous Provisions) Act 2005 (2005 No 79) by substituting the expression “EW 47” for the expression “EH 53”.

Reg 2

1

Any suspensory loan made by the Housing New Zealand Corporation under the Right to Buy programme and designated by the Housing New Zealand Corporation as such.

2

Any suspensory loan made by the department that is, with the authority of the Prime Minister, for the time being responsible for the administration of the Social Security Act 1964 under section 14 or section 16A of the Disabled Persons Community Welfare Act 1975.

Clause 2 was amended, as from 1 October 2001, by section 12(1) State Sector Amendment Act 2003 (2003 No 41) by substituting the words “the department that is, with the authority of the Prime Minister, for the time being responsible for the administration of the Social Security Act 1964” for the words “Department of Social Welfare”.

3

Any suspensory loan granted by the Secretary for War Pensions under Part 9 of the War Pensions Regulations 1956.

Clause 3 was amended, as from 1 October 2001, by section 12(1) State Sector Amendment Act 2003 (2003 No 41) by substituting the words “granted by the Secretary for War Pensions” for the words “made by the Department of Social Welfare”.

MARIE SHROFF,

Clerk of the Executive Council.

Explanatory Note

This note is not part of the order, but is intended to indicate its general effect.

This order declares that certain suspensory loans are social assistance suspensory loans for the purposes of section EH4 of the Income Tax Act 1994 (and also for the purposes of the equivalent provision in the Income Tax Act 1976).

Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 11 April 1995.

1General
2About this eprint
3List of amendments incorporated in this eprint (most recent first)

Notes

1 General

This is an eprint of the Income Tax (Social Assistance Suspensory Loans) Order 1995. It incorporates all the amendments to the Income Tax (Social Assistance Suspensory Loans) Order 1995 as at 1 April 2008. The list of amendments at the end of these notes specifies all the amendments incorporated into this eprint since 3 September 2007. Relevant provisions of any amending enactments that contain transitional, savings, or application provisions are also included, after the Principal enactment, in chronological order.

2 About this eprint

This eprint has not been officialised. For more information about officialisation, please see "Making online legislation official" under "Status of legislation on this site" in the About section of this website.

3 List of amendments incorporated in this eprint (most recent first)

Income Tax Act 2007 (2007 No 97): section ZA 2(1)

Income Tax (Social Assistance Suspensory Loans) Order 1995