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.