15 JULY 2010 NEW ZEALAND GAZETTE, No. 83 2279

(7) Note that example A deals only with the amounts attributable to the excepted financial arrangement and financial arrangement components of the Occupation Right Agreement. Example A does not deal with the attribution or spreading, under the Financial Arrangements Rules, of income or expenditure to particular income years. However, there is no aggregate income or expenditure in any income years.

Example B

(8) Example B illustrates the application of the method (set out in the Special Determination) for determining the amounts attributable to both the financial arrangement and excepted financial arrangement components of the Occupation Right Agreement between the Resident and the Operator.

(9) Example B assumes the:

(a) Resident occupies a unit from 24 January 2010 until 14 August 2018;

(b) Initial Fee and Termination Payment are $300,000.00 each;

(c) Accommodation Payment is an amount equal to 7 per cent of the Initial Fee per year, accruing to a maximum of 35 per cent of the Initial Fee;

(d) Village Expenses Payment is $1,200.00 per year payable in equal monthly instalments;

(e) Termination Payment is not paid until 2 August 2019.

(10) On 3 January 2010, a Resident enters into an Occupation Right Agreement with the Operator. The Resident pays a deposit of $5,000.00 of the Initial Fee. The Resident pays the balance of the Initial Fee ($295,000.00) to the Operator on the commencement date of the Occupation Right Agreement, 24 January 2010.

(11) The Resident leaves the Village on 14 August 2018, and the Occupation Right Agreement terminates on that date. The Operator locates a replacement Resident on 24 October 2018 and pays the Resident the Termination Payment of $300,000.00 on that date.

(12) The amounts solely attributable to the excepted financial arrangement are as follows:

(a) The Accommodation Payment accrues daily from 24 January 2010 until 14 August 2018 at 7 per cent per year of the Initial Fee, to a maximum of 35 per cent of the Initial Fee. There are eight years from 24 January 2010 to 23 January 2018, and 202 days from 24 January 2018 to 14 August 2018. This is equal to 8.553 years. Therefore, the Accommodation Payment is equal to 35 per cent (7 per cent per year until a maximum of 35 per cent) of $300,000.00:

Accommodation Payment = $105,000.00.

(b) The Village Outgoing Payment is a yearly charge of $1,200.00, payable in equal monthly instalments of $100.00. The Resident pays $100.00 monthly from 24 January 2010 until 14 August 2018, a total of 103 months. The total Village Outgoing Payments equals 103 times $100.00:

Village Outgoing Payment = $10,300.00.

(13) The aggregate amount attributable to the financial arrangement component of the Occupation Right Agreement, and therefore to be taken into account under the financial arrangements rules, is $0.00 ($300,000.00 less $300,000.00), comprising the Initial Fee and Termination Payment. This amount constitutes aggregate income/expenditure under the Financial Arrangements Rules. All other amounts payable under the Occupation Right Agreement relate to the excepted financial arrangement component of the Occupation Right Agreement, so should not be taken into account when calculating income or expenditure.

(14) Note that example B deals with the amounts attributable only to the excepted financial arrangement and financial arrangement components of the Occupation Right Agreement. Example B does not deal with the attribution or spreading, under the Financial Arrangements Rules, of income or expenditure to particular income years. However, there is no aggregate income or expenditure in any income years.

This determination is signed by me on 6 June 2010.

MARTIN SMITH, Chief Tax Counsel (Office of the Chief Tax Counsel).

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Internal Affairs

Marriage Act 1955

Marriage (Approval of Organisations) Notice No. 18

Pursuant to the Marriage Act 1955, the Registrar-General of Marriages hereby gives notice as follows.

Notice

1. This notice may be cited as the Marriage (Approval of Organisations) Notice No. 18.

2. The organisation specified in the Schedule hereto is hereby declared to be an approved organisation for the purpose of the Marriage Act 1955.

Schedule

Dunedin Jewish Congregation Incorporated.

Dated at Wellington this 15th day of July 2010.

B. E. CLARKE, Registrar-General.

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Marriage Celebrants for 2010 Notice No. 57

Pursuant to the provisions of section 13 of the Marriage Act 1955, it is hereby notified that the following names will be removed from the list of marriage celebrants under sections 8 and 10 of the Act as at 29 July 2010:

Angus, George Colville Menpes, Presbyterian Church of Aotearoa NZ.

Bennett, Anne Sheryl, Anglican.

Churcher, Neil Gordon, Presbyterian Church of Aotearoa NZ.

Green, Howard Ephaim, Church of Jesus Christ of Latter-Day Saints.

Hunte, John, Christian City Church – Auckland.

Karnes, Lowell, Presbyterian Church of Aotearoa NZ.

MacKenzie, Paul Graham, Baptist.

Morrow, Paul Craig, Vineyard Christian Fellowship.

Steele, Mark Arthur John, New Life Churches of New Zealand.

Terrill, Terry Herbert, Anglican.