Foreign Investment Fund Determinations and Justice Notices




4328 NEW ZEALAND GAZETTE No. 200

Foreign Investment Fund Determination—Guinness Flight International Fund Limited

DETERMINATION FIF6: This determination may be cited as “Determination FIF6: Guinness Flight International Fund Limited”.

  1. Reference—This determination is made pursuant to section 245s (1) of the Income Tax Act 1976.

  2. Foreign Entity Description—Guinness Flight International Fund Limited is a foreign company resident in Guernsey, the British Channel Islands.

  3. Determination—The Commissioner of Inland Revenue hereby determines that rights held by any person in relation to Guinness Flight International Fund Limited do not constitute an interest in a Foreign Investment Fund.

  4. Reason—The reason for the decision reached in making this determination is that the exception contained in section 245R (2) (d) of the Act applies, namely—

Guinness Flight International Fund Limited distributed by way of dividends, during its accounting period ended 31 March 1989, an amount equal to 60 percent or greater of the aggregate of the income, capital profits and capital gains derived during that accounting period.

  1. Applicant’s Grounds—The applicant for this determination contended that the above exception applied.

  2. Application—This determination relates to the accounting period of Guinness Flight International Fund Limited ended on 31 March 1989 and the relevant income year of the person within which the end of that accounting period falls.

This determination shall remain in force until it is otherwise replaced by a fresh determination.

This determination is signed on the 6th day of November in the year 1990.

D. HENRY, Commissioner of Inland Revenue.

Foreign Investment Fund Determination—RBC International Bond Fund Limited

DETERMINATION FIF7: This determination may be cited as “Determination FIF7: RBC International Bond Fund Limited”.

  1. Reference—This determination is made pursuant to section 245s (1) of the Income Tax Act 1976.

  2. Foreign Entity Description—RBC International Bond Fund Limited is a foreign company resident in Guernsey, the British Channel Islands.

  3. Determination—The Commissioner of Inland Revenue hereby determines that rights held by any person in relation to RBC International Bond Fund Limited do not constitute an interest in a Foreign Investment Fund.

  4. Reason—The reason for the decision reached in making this determination is that the exception contained in section 245R (2) (d) of the Act applies, namely—

RBC International Bond Fund Limited distributed by way of dividends, during its accounting period ended 1 November 1988, an amount equal to 60 percent or greater of the aggregate of the income, capital profits and capital gains derived during that accounting period.

  1. Applicant’s Grounds—The applicant for this determination contended that the above exception applied.

  2. Application—This determination relates to the accounting period of RBC International Bond Fund Limited ended on 1 November 1988 and the relevant income year of the person within which the end of that accounting period falls.

This determination shall remain in force until it is otherwise replaced by a fresh determination.

This determination is signed on the 6th day of November in the year 1990.

D. HENRY, Commissioner of Inland Revenue.

Foreign Investment Fund Determination—Vanbrugh Currency Fund Limited

DETERMINATION FIF8: This determination may be cited as “Determination FIF8: Vanbrugh Currency Fund Limited”.

  1. Reference—This determination is made pursuant to section 245s (1) of the Income Tax Act 1976.

  2. Foreign Entity Description—Vanbrugh Currency Fund Limited is a foreign company resident in Jersey, the British Channel Islands.

  3. Determination—The Commissioner of Inland Revenue hereby determines that rights held by any person in relation to Vanbrugh Currency Fund Limited do not constitute an interest in a Foreign Investment Fund.

  4. Reason—The reason for the decision reached in making this determination is that the exception contained in section 245R (2) (d) of the Act applies, namely—

Vanbrugh Currency Fund Limited distributed by way of dividends, during its accounting period ended 24 April 1988, an amount equal to 60 percent or greater of the aggregate of the income, capital profits and capital gains derived during that accounting period.

  1. Applicant’s Grounds—The applicant for this determination contended that the above exception applied.

  2. Application—This determination relates to the accounting period of Vanbrugh Currency Fund Limited ended on 24 April 1988 and the relevant income year of the person within which the end of that accounting period falls.

This determination shall remain in force until it is otherwise replaced by a fresh determination.

This determination is signed on the 6th day of November in the year 1990.

D. HENRY, Commissioner of Inland Revenue.

Objection Rights

Any person who holds rights in any of the four foreign entities referred to in the above Schedule (or the foreign entity itself), may formally object to the relevant determination.

Any objection must be made in writing stating the grounds of objection and be delivered to the Commissioner within 1 month from the date of this Gazette.

Any such objection should be directed to:

The International Tax Central Unit, Inland Revenue Department, P.O. Box 895, Wellington.

go12547

Justice

Companies Act 1955

Notice Prohibiting Person from Managing Companies

(Section 189A, Companies Act 1955)

To: Rodney Hamish Worn of 139 Long Drive, St. Heliers, Auckland 5.

Pursuant to section 189A of the Companies Act 1955 and with the authority of the Securities Commission, I, Neville Owen Harris, Registrar of Companies, hereby prohibit Rodney Hamish Worn of 139 Long Drive, St Heliers, Auckland from being an officer or promoter of a company, or being concerned in, or taking part (whether directly or indirectly) in the management of, any company from the date that this notice is served on you until (and including) 31 July 1994.

Dated at Wellington this 6th day of November 1990.

N. O. HARRIS, Registrar of Companies.

go12536

Criminal Justice Act 1985

Parole Board Appointment of Member

Pursuant to section 130 of the Criminal Justice Act 1985, His Excellency the Governor-General has been pleased to appoint

Te Muranga (June) Jackson

administrator of Auckland, as a member of the Parole Board for a period of 3 years on and from the date hereof.



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✨ LLM interpretation of page content

💰 Foreign Investment Fund Determination for Guinness Flight International Fund Limited (continued from previous page)

💰 Finance & Revenue
6 November 1990
Income Tax, Foreign Investment Fund, Guinness Flight International Fund Limited
  • D. HENRY, Commissioner of Inland Revenue

💰 Foreign Investment Fund Determination for RBC International Bond Fund Limited

💰 Finance & Revenue
6 November 1990
Income Tax, Foreign Investment Fund, RBC International Bond Fund Limited
  • D. HENRY, Commissioner of Inland Revenue

💰 Foreign Investment Fund Determination for Vanbrugh Currency Fund Limited

💰 Finance & Revenue
6 November 1990
Income Tax, Foreign Investment Fund, Vanbrugh Currency Fund Limited
  • D. HENRY, Commissioner of Inland Revenue

💰 Notice of Objection Rights to Foreign Investment Fund Determinations

💰 Finance & Revenue
Objection, Foreign Investment Fund, Taxation

⚖️ Notice Prohibiting Person from Managing Companies

⚖️ Justice & Law Enforcement
6 November 1990
Companies Act, Prohibition, Management, Rodney Hamish Worn
  • Rodney Hamish Worn, Prohibited from managing companies

  • Neville Owen Harris, Registrar of Companies

⚖️ Parole Board Appointment of Member

⚖️ Justice & Law Enforcement
Criminal Justice Act, Parole Board, Appointment, Te Muranga Jackson
  • Te Muranga (June) Jackson, Appointed as Parole Board member