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Inland Revenue

Tax Policy

PUBLISHED 29 March 2007

'Associated persons' under review

An officials' issues paper released today examines weaknesses caused by inconsistencies in the definitions of "associated persons" used throughout the Income Tax Act 2004. The paper contains suggestions for closing loopholes in the definitions and rationalising the definitions in the Act. For more information see "Reforming the definitions of associated persons". The deadline for submissions on the suggested changes is 11 May.