Forests (Payment of Money) Order 2020

2020/46

Coat of Arms of New Zealand

Forests (Payment of Money) Order 2020

Patsy Reddy, Governor-General

Order in Council

At Wellington this 23rd day of March 2020

Present:
The Right Hon Jacinda Ardern presiding in Council

This order is made under section 21 of the Forests Amendment Act 2004—

(a)

on the advice and with the consent of the Executive Council; and

(b)

in accordance with a recommendation made by the Minister of Finance.

Order

1 Title

This order is the Forests (Payment of Money) Order 2020.

2 Commencement

This order comes into force on 23 April 2020.

3 Payments of money not gross income of recipient

Payments of money made in the period specified in column 1 of the Schedule that are made in consideration of entering into a conservation covenant over specified Māori land described in column 2 of the Schedule are not, in accordance with section 21 of the Forests Amendment Act 2004, gross income of the recipient named in column 3 of the Schedule.

Schedule Payments of money not gross income of recipient

cl 3

Column 1Column 2Column 3
PeriodDescription of land over which conservation covenant was entered intoRecipient
Beginning on 31 October 2016 and ending on 19 November 2019Sections 8–15 Block VIII Rowallan Survey District and Sections 11–13 Block VII Alton Survey District, comprised in records of title SL8D/333, SL8D/332, SL8D/331, SL6A/161, SL8D/330, SL7A/661, SL8D/328, SL8D/327, SL8D/326, SL8D/325, and SL8D/324, but excluding areas A-L contained in DP 526333The proprietors of the Rowallan Alton Incorporation (a Maori incorporation as defined in section 4 of Te Ture Whenua Maori Act 1993)

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 23 April 2020, is made under section 21 of the Forests Amendment Act 2004. The order specifies that payments of money made in the period beginning on 31 October 2016 and ending on 19 November 2019 in consideration of entering into a conservation covenant over specified Māori land are not gross income of the named recipient.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 26 March 2020.

This order is administered by the Inland Revenue Department.