Income Tax (Crown Regional Holdings Limited) Order 2021

2021/178

Coat of Arms of New Zealand

Income Tax (Crown Regional Holdings Limited) Order 2021

Patsy Reddy, Governor-General

Order in Council

At Wellington this 5th day of July 2021

Present:
Her Excellency the Governor-General in Council

This order is made under section CW 38B(4)(b) 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 (Crown Regional Holdings Limited) Order 2021.

2 Commencement

This order comes into force on 5 August 2021.

3 Schedule 35 of the Income Tax Act 2007 amended

(1)

In the Income Tax Act 2007, Schedule 35, repeal the item relating to Provincial Growth Fund Limited.

(2)

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

Crown Regional Holdings 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 amends Schedule 35 of the Income Tax Act 2007 in order to rename the Provincial Growth Fund Limited, a non-listed company in which the Crown is the sole shareholder, as Crown Regional Holdings Limited. This order comes into force on 5 August 2021.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 8 July 2021.

This order is administered by the Inland Revenue Department.