1392
NEW ZEALAND GAZETTE
No. 36

Name and Strength
Gadodiamide 287 mg/ml in 10 ml, 15 ml and 20 ml

Form
Solution for injection (contrast agent)

Name and Address of Manufacturer
Nycomed AS Production, Oslo, Norway

Proprietary Name (if any)
Omniscan

Dated this 13th day of April 1994.

C. LOVELACE, Director-General of Health, pursuant to delegation given by the Minister of Health on the 25th day of June 1993.

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Provisional Consent to the Distribution of a New Medicine

Pursuant to section 23 of the Medicines Act 1981, the Minister of Health hereby consents to the distribution in New Zealand of the new medicine set out in the Schedule hereto:

Schedule

Name and Strength
Tretinoin 10mg

Form
Capsule

Name and Address of Manufacturer
R P Scherer GmbH, Ederbach/Baden, Germany

Proprietary Name (if any)
Vesanoid

Note (1): Restricted to specialists experienced in the treatment of haematological malignancies.

Note (2): This replaces the entry in the New Zealand Gazette, 31 March 1994, No. 30, page 1246, notice number 2466.

Dated this 17th day of April 1994.

C. LOVELACE, Director-General of Health, pursuant to delegation given by the Minister of Health on the 25th day of June 1993.

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Inland Revenue

Income Tax Act 1976

Income Tax (National Standard Costs for Livestock) Determination 1994

1. Title and Application

(a) This determination may be cited as the Income Tax (National Standard Costs for Livestock) Determination 1994.

(b) This determination applies in respect of the valuation of specified livestock under the national standard cost scheme for the 1993-94 income year and subsequent years. Any taxpayer valuing any specified livestock in accordance with the provisions of section 86C of the Income Tax Act 1976 shall calculate the cost of such livestock on hand at the end of the income year in accordance with this determination.

(c) For the purposes of this determination where a taxpayer separately accounts for more than one livestock business under national standard cost then national standard cost in relation to the livestock used in each of those businesses shall be calculated separately.

Interpretation

2. In this determination, unless the context otherwise requires,—

Expressions used have the same meanings as in sections 2, 2A and sections 85 to 86L of the Income Tax Act 1976.

References to an income year shall include reference to any corresponding non-standard accounting year.

“Act” means the Income Tax Act 1976:

“Bobby calves” mean, in respect of a taxpayer, calves—

(a) Bred from a dam which is a female of the dairy cattle livestock type; and

(b) Acquired by the taxpayer for rearing; and

(c) Which have not been weaned from a diet of milk (and/or milk substitute) when acquired by the taxpayer; and

(d) Which were not purchased as progeny at foot along with the calf’s dam.

“Breeding sires” means, in respect of a taxpayer, male livestock used or intended to be used by the taxpayer for breeding purposes:

“Cost flow identification” means inventory accounting treatments which account for costs relating to livestock intakes in calculating the closing value of livestock on hand in an income year:

“Immature inventory grouping” means all livestock of a type which are rising one year of age at closing balance date and the immature inventory grouping of any livestock type may be separated into sub-groups on the basis of those livestock used for or intended to be used by the taxpayer for breeding purposes, and those livestock not used for or not intended to be used for breeding purposes:

“Inventory grouping” means the classes of livestock included in an inventory group, for each type of livestock on hand at the closing balance date for an income year:

“Livestock” means specified livestock:

“Livestock intake” means, for purposes of inventory accounting, the maturing livestock or mature livestock first entering the taxpayer’s inventory system in an income year:

“Mature inventory grouping” means, in respect of a taxpayer’s livestock of any type and any income year:

(a) In the case of sheep, cattle, deer or goats, all classes of such livestock which are older than one year of age at the end of the income year, other than male non-breeding cattle; and

(b) In the case of cattle, rising three year or older male non-breeding cattle; and

(c) In the case of pigs, all classes of pigs or, at the taxpayer’s option, only those classes of pigs which are older than one year of age at the end of the income year;