✨ Government Inquiry Terms
NEW ZEALAND GAZETTE, No. 33 — 19 APRIL 2016
- the reporting and disclosure obligations of a resident foreign trustee (as defined in the Tax Administration Act 1994) of a foreign trust; and
- the New Zealand Government’s obligations to provide information it holds about foreign trusts to tax authorities from other jurisdictions.
Restrictions on Access to Certain Evidence or Submissions Presented to the Inquiry
To recognise the longstanding statutory limitations applicable to provision of information from or on behalf of the Commissioner of Inland Revenue, public access is restricted to any evidence or submissions received by the Inquiry from or on behalf of the Commissioner which identifies any person or their affairs or which the Commissioner otherwise identifies as confidential, as if sections 81 and 87 of the Tax Administration Act 1994 applied to the evidence or submission. The Inquiry must make such orders under section 15 of the Inquiries Act 2013 as are necessary, and take other steps as are necessary (including having any officers of the Inquiry or other persons assisting the Inquiry enter into appropriate confidentiality agreements), to give effect to that restriction.
For the same reasons the Inquiry must not identify in its report, and must not otherwise disclose or report on (including to appointing Ministers), the identity of any persons whose affairs may have been disclosed by the Commissioner as part of any evidence or submission or disclose confidential evidence or submissions from the Commissioner.
Reporting
The Inquiry is to report findings and opinions to the appointing Ministers in writing by 30 June 2016.
Before that date, there shall be at least one interim meeting with one or both appointing Ministers to discuss progress.
Consideration of Evidence
The Inquiry may begin considering evidence on and from 19 April 2016.
Relevant Department
For the purposes of section 4 of the Inquiries Act 2013, the Treasury is the relevant department for the Inquiry and responsible for administrative matters relating to the Inquiry.
Dated at Wellington this 18th day of April 2016.
HON SIMON WILLIAM ENGLISH, Minister of Finance.
HON MICHAEL WOODHOUSE, Minister of Revenue.
2016-go2253
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DEPARTMENT OF INTERNAL AFFAIRS
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INTERNAL AFFAIRS
Te Tari Taiwhenua
ISSN 0111-5650 (PRINT)
ISSN 1177-8415 (ONLINE)
NZ Gazette 2016, No 33
✨ LLM interpretation of page content
🏛️ Terms of reference for Government Inquiry into Foreign Trust Disclosure Rules
🏛️ Governance & Central Administration18 April 2016
Foreign Trusts, Disclosure Rules, Tax Transparency, Government Inquiry, Tax Administration Act 1994, Inquiries Act 2013
- HON SIMON WILLIAM ENGLISH, Minister of Finance
- HON MICHAEL WOODHOUSE, Minister of Revenue