Taxation (Use of Money Interest Rates) Amendment Regulations (No 2) 2009: revoked, on 31 March 2026, pursuant to section 253(c) of the Taxation (Annual Rates for 2025–26, Compliance Simplification, and Remedial Measures) Act 2026 (2026 No 8).

Rt Hon Dame Sian Elias, Administrator of the Government

Order in Council

At Wellington this 22nd day of June 2009

Present:
Her Excellency the Administrator of the Government in Council

Note

The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.

Note 4 at the end of this version provides a list of the amendments included in it.

These regulations are administered by the Inland Revenue Department.

Pursuant to section 120H(b) of the Tax Administration Act 1994, Her Excellency the Administrator of the Government, acting on the advice and with the consent of the Executive Council, makes the following regulations.

1	Title
2	Commencement
3	Principal regulations amended
4	Application
5	Taxpayer’s paying rate
6	Commissioner’s paying rate
	Explanatory note
	Gazette Information
	Notes

Regulations

1 Title

These regulations are the Taxation (Use of Money Interest Rates) Amendment Regulations (No 2) 2009.

2 Commencement

These regulations come into force on 29 June 2009.

3 Principal regulations amended

These regulations amend the Taxation (Use of Money Interest Rates) Regulations 1998.

4 Application

These regulations apply on and after 29 June 2009.

5 Taxpayer’s paying rate

Regulation 2 is amended by omitting “9.73%” and substituting “8.91%”.

6 Commissioner’s paying rate

Regulation 3 is amended by omitting “4.23%” and substituting “1.82%”.

Rebecca Kitteridge,
Clerk of the Executive Council.

Explanatory note

This note is not part of the regulations, but is intended to indicate their general effect.

These regulations, which come into force on 29 June 2009,—

reduce from 9.73% to 8.91% the taxpayer’s paying rate of interest on unpaid tax:
reduce from 4.23% to 1.82% the Commissioner’s paying rate on overpaid tax.

The rates fixed by these regulations have been determined in accordance with the Taxation (Use of Money Interest Rates Setting Process) Regulations 1997. Those regulations were amended by a companion measure to these regulations in respect of the setting process for the taxpayer’s paying rate.

Issued under the authority of the Legislation Act 2019.

Date of notification in Gazette: 25 June 2009.

Notes

1 General

This is a consolidation of the Taxation (Use of Money Interest Rates) Amendment Regulations (No 2) 2009 that incorporates the amendments made to the legislation so that it shows the law as at its stated date.

2 Legal status

A consolidation is taken to correctly state, as at its stated date, the law enacted or made by the legislation consolidated and by the amendments. This presumption applies unless the contrary is shown.

Section 78 of the Legislation Act 2019 provides that this consolidation, published as an electronic version, is an official version. A printed version of legislation that is produced directly from this official electronic version is also an official version.

3 Editorial and format changes

The Parliamentary Counsel Office makes editorial and format changes to consolidations using the powers under subpart 2 of Part 3 of the Legislation Act 2019. See also PCO editorial conventions for consolidations.

4 Amendments incorporated in this consolidation

Taxation (Annual Rates for 2025–26, Compliance Simplification, and Remedial Measures) Act 2026 (2026 No 8): section 253(c)

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Taxation (Use of Money Interest Rates) Amendment Regulations (No 2) 2009