Income Tax (New Zealand Green Investment Finance Limited) Order 2019

2019/119

Coat of Arms of New Zealand

Income Tax (New Zealand Green Investment Finance Limited) Order 2019

Patsy Reddy, Governor-General

Order in Council

At Wellington this 27th day of May 2019

Present:
Her Excellency the Governor-General in Council

This order is made under section CW 38B(4)(a) of the Income Tax Act 2007 on the advice and with the consent of the Executive Council and on the recommendation of the Minister of Revenue.

Order

1 Title

This order is the Income Tax (New Zealand Green Investment Finance Limited) Order 2019.

2 Commencement

This order comes into force on the day after the date of its notification in the Gazette.

3 Schedule 35 of Income Tax Act 2007 amended

In the Income Tax Act 2007, Schedule 35, insert in its appropriate alphabetical order:

New Zealand Green Investment Finance Limited

Michael Webster,
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, which comes into force on the day after the date of its notification in the Gazette, inserts the name New Zealand Green Investment Finance Limited into Schedule 35 of the Income Tax Act 2007. Adding New Zealand Green Investment Finance Limited to Schedule 35 makes it a public purpose Crown-controlled company under the Income Tax Act 2007.

Public purpose Crown-controlled companies have their own income tax exemption. They are also public authorities under the Goods and Services Tax Act 1985, which helps ensure that they can claim goods and services tax input credits.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 30 May 2019.

This order is administered by the Inland Revenue Department.