23 OCTOBER NEW ZEALAND GAZETTE 3603

Fisheries (Quota Management Areas, Total Allowable Catches and Catch Histories) Notice 1986*:

(b) Target species and bycatch species are specified by the way of fishstock codes, being Fishstock Codes defined in the Second Schedule of the Fisheries (Reporting) Regulations 1990†; and

(c) Methods are specified by way of method codes, being Method Codes defined in the Second Schedule of the Fisheries (Reporting) Regulations 1990†.

3. Offering a lease of quota in lieu of paying deemed value—(1) Subject to this clause, as from the date this notice comes into effect, any commercial fisherman who but for section 28ZG of the Fisheries Act 1983, could be required under section 28ZD of that Act to pay the deemed value of any fish that is specified as a bycatch species in this notice, may, not later than 15 days after the end of the month in which the fish were taken, by notice in writing, offer the Chief Executive of the Ministry of Fisheries a lease or sub-lease of the right to take fish, under any quota held or leased by that commercial fisherman that are specified in the Schedule to this notice as a target species in relation to that bycatch species.

(2) The ratios specified in the Schedule to this notice, are the ratios at which a lease or sublease of quota of the target species may be accepted in relation to the amount of the bycatch species for which the offer of quota is made. (e.g. if a fisher could be required to pay deemed value for 1 tonne of Ele 3 and wishes to offer a lease of Sch 3 then the amount that can be offered is 1 tonne × 1.10 = 1.10 tonnes of Sch 3).

(3) The bycatch species must have been taken while fishing for the target species using the method or any of the methods specified in the Schedule. (e.g. in the case of the above example, the Ele 3 bycatch must have been taken using the method of setnetting).

(4) Any offers that relate to bycatch species as specified in this notice must relate to fishing that has occurred in the months of October, November and December 1997 respectively.

4. Revocation—The Fisheries (Bycatch Trade-off) Notice (No. 3) 1997 (No. F60) appearing in the New Zealand Gazette on 31 July 1997 is hereby revoked.

Dated this 15th day of October 1997.

W. R. TUCK, Chief Executive, Ministry of Fisheries.

• S.R. 1986/267
  † S.R. 1990/214

Schedule

Quota Management Area 3

Quota Management Area 4

Quota Management Area 5

GO7586

Inland Revenue

Income Tax Act 1994

Notice of Determination of Tax Depreciation Rates

Pursuant to section EG 14 of the Income Tax Act 1994, notice is hereby given that the Commissioner of Inland Revenue Department has issued “Determination DEP29: Tax Depreciation Rates General Determination Number 29”, pursuant to section EG 4 of the Income Tax Act 1994. The determination may be cited as “Determination DEP29: Tax Depreciation Rates General Determination Number 29”.

Determination DEP29 will appear in Inland Revenue’s Tax Information Bulletin, Vol. 9, No. 11 of November 1997.

A copy of the determination is available from Inland Revenue offices.

Dated at Wellington this 16th day of October 1997.

JEFFREY TYLER, Assistant General Manager (Adjudication & Rulings).

GO7570

Tax Administration Act 1994

Notice of Product Ruling

1. This is a notice of a product ruling made under section 91F of the Tax Administration Act 1994.

2. Product ruling No. 97/75 was issued on 13 October 1997. It relates to allowances and payments made to employees seconded overseas, and the application of section CB 12 of the Income Tax Act 1994.

3. A copy of the ruling may be obtained by writing to the Assistant General Manager (Adjudication & Rulings), National Office, Inland Revenue, P.O. Box 2198, Wellington.

JEFFREY TYLER, Assistant General Manager (Adjudication & Rulings).

GO7483