Num. 27.

535

SUPPLEMENT

TO THE

NEW ZEALAND GAZETTE

OF

THURSDAY, MARCH 24, 1892.

Published by Authority.

WELLINGTON, MONDAY, MARCH 28, 1892.

Regulations under “The Land and Income Assessment Act, 1891.”

JAMES PRENDERGAST,
Administrator of the Government.

ORDER IN COUNCIL.

At the Government House, at Wellington, this twenty-sixth day of March, 1892.

Present:

HIS EXCELLENCY THE ADMINISTRATOR OF THE GOVERNMENT IN COUNCIL.

IN pursuance and exercise of all the powers and authorities vested in him by the tenth section of “The Land and Income Assessment Act, 1891,” His Excellency the Administrator of the Government of the Colony of New Zealand, by and with the advice and consent of the Executive Council of the said colony, doth hereby make the following regulations under and for the purposes of the said Act, that is to say:—

REGULATIONS.

1. If not inconsistent with the context, the meanings given to certain words and expressions by certain regulations made under “The Land and Income Assessment Act, 1891,” on the thirty-first day of October last past, shall extend and apply to the following regulations.

2. The Commissioner shall give not less than fourteen days’ public notice of the day on or before which returns of income within the meaning of the said Act shall be furnished or made by every person or company; and such notice shall be in the form numbered 1 in the Schedule hereto.

3. A return of income derived or received by any person or company in any year from any source which is made the subject of taxation under the said Act shall be furnished to the Commissioner for the purposes of the Act, either by posting the same to the Commissioner or by delivering the same at his office on or before such day as may be publicly notified under these regulations, as follows:—

(a.) By every person or company who or which derives or receives any such income as aforesaid:

(b.) By every attorney or agent for any person permanently or temporarily absent from the colony who derives or receives any such income as aforesaid:

(c.) By the Public Trustee, and every other trustee, executor, administrator, guardian, committee, or receiver entitled to or having the possession, administration, control, or management of any such income as aforesaid, where the same is affected by any express trust, or where the person beneficially entitled thereto is under any legal disability.

But where the Commissioner, in exercise of any power vested in him by the Act or these regulations, gives any special notice, such notice may prescribe the time within which the act therein mentioned may be done.

4. Every person or company hereinbefore mentioned or that may be required or empowered by the Act to make or furnish any return of income as aforesaid, and every person acting as the agent, attorney, or trustee of any person, or as the public officer of any company, is hereby respectively required to make or furnish the same in accordance with the Act and these regulations.

5. The form of return of income required by the Act to be made by or on behalf of a person shall be that set forth and numbered 2 in the Schedule hereto; and to every such return shall be added a declaration by the person making the same that such return is true and accurate in all particulars.

6. Partnership returns shall be made by the partner who shall be first named in the partnership deed, agreement, or articles, and, where there shall be no such deed, agreement, or articles, then by the partner who shall be named singly or with precedence to the other partner or partners, in the usual name, style, or firm of such copartnership, or, where such precedent partner shall not be an acting partner resident in New Zealand, then by the precedent acting partner or any sole acting partner resident in New Zealand.

7. Where no such partner shall be resident in New Zealand, then the return shall be prepared and delivered by their agent, manager, or chief representative resident in New Zealand for such partners jointly.

8. The form of return of income required by the Act to be made by or on behalf of a company shall be that set forth and numbered 3 in the Schedule hereto, and shall be accompanied by the balance-sheet of such company issued to the shareholders thereof, or prepared for issue as aforesaid, last prior to the date to which such return relates; and to every return made on behalf of a company there shall be added a declaration by the public officer furnishing it that the same and the balance-sheet and particulars accompanying it are true and accurate in all respects.

9. The form of return of income received or receivable by debenture-holders, and on which the company, as agent, is liable to pay tax in accordance with section two of Schedule C to the said Act, shall be that set forth in the Schedule