NEW ZEALAND GAZETTE

No. 89

Inland Revenue

Tax Administration Act 1994

Notice of Public Ruling

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

2. Public ruling No. 97/8 entitled “Maori Trust Boards: declaration of trust for charitable purposes made under section 24B of the Maori Trust Boards Act 1955—income tax consequences” will appear in Inland Revenue’s Tax Information Bulletin, Vol. 9, No. 8 of August 1997.

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).

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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. 97/65 was issued on 7 August 1997. It relates to the Tower SuperPlus Income Fund, and the application of sections HH 3 (5) and JB 3 and the definition of “qualifying trust” in section OB 1 of the Income Tax Act 1994, as amended by the Taxation (Core Provisions) Act 1996. It is essentially the same as product ruling No. 96/6, but takes into account the coming into force of the Taxation (Core Provisions) Act 1996, with effect from the 1997/98 income year. The ruling will be published in Inland Revenue’s Tax Information Bulletin, Vol. 9, No. 8 of August 1997.

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).

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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. 97/66 was issued on 7 August 1997. It relates to a unit trust, and the application of sections BG 1 (1), GC 22 and ME 6 and the definition of “tax avoidance arrangement” in section OB 1 of the Income Tax Act 1994, as amended by the Taxation (Core Provisions) Act 1996. It is essentially the same as product ruling No. 96/15, but takes into account the coming into force of the Taxation (Core Provisions) Act 1996, with effect from the 1997/98 income year.

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).

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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. 97/64 was issued on 5 August 1997. It relates to a share option scheme, and the application of sections CD 3, CD 4, CD 5 and CH 2 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).

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Notice of Withdrawal of Product Ruling

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

2. Product ruling 97/64 is hereby withdrawn, due to a numerical typographical error and so that the operation of the arrangement is able to be clarified in a replacement ruling. It is replaced by product ruling 97/67.

3. Product ruling 97/64 originally applied to a share option scheme for the period 5 August 1997 to 1 April 2004, and notice of its making appeared in the New Zealand Gazette of 14 August 1997.

4. Product ruling 97/64 is withdrawn on and from 14 August 1997.

MARTIN SMITH, General Manager (Adjudication & rulings).

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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. 97/67 was issued on 11 August 1997. It relates to a share option scheme, and the application of sections CD 3, CD 4, CD 5 and CH 2 of the Income Tax Act 1994. It replaces product ruling No. 97/64.

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).

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