Rewrite Advisory Panel amendments
The following amendments reflect the recommendations of the Rewrite Advisory Panel following its consideration of submissions on the rewritten Income Tax Acts. The Panel monitors the working of the 2007 Income Tax Act and reviews submissions on what may be unintended changes in the law as a result of its having been rewritten. The Panel recommends legislative action, when necessary, to correct any problems.
Unless otherwise stated all the amendments will apply retrospectively, with effect from the beginning of the 2008–09 income year.
Minor maintenance items
The following amendments relate to minor maintenance items referred to the Rewrite Advisory Panel as minor maintenance items and retrospectively correct any of the following:
- compilation errors;
- drafting consistency, including readers’ aids – for example, the defined terms lists;
- consequential amendments arising from substantive rewrite amendments; or
- the consistent use of terminology and definitions.
In the table below, amendments to the Income Tax Act 2004 apply from the beginning of the 2005–06 income year.
|5||CB 36||2007 Act||Terminology corrected|
|14||CV 2(1)||2007 Act||Correction to cross-reference|
|31||DP 11||2007 Act||Terminology corrected|
|62||GB 32(2B)(a)(i)||2007 Act||Terminology corrected|
|65||HA 4(2)||2007 Act||Correction to cross-reference|
|68||HM 8||2007 Act||Defined terms list|
|69||HM 11||2007 Act||Defined terms list|
|70||HM 12||2007 Act||Defined terms list|
|71||HM 13||2007 Act||Defined terms list|
|72||HM 50(5)(a)||2007 Act||Correction to cross-reference|
|73||HM 55FB(1)(b)||2007 Act||Correction to cross-reference|
|74||HM 72(1)||2007 Act||Correction of cross-reference|
|99, 103(13), (52)||OB 1, YA 1, ICA company||2007 Act||Correction of punctuation|
|102(2)||RD 5||2007 Act||Clarifying definition of ICA company|
|103(8), (53)||YA 1, FDP rules||2007 Act||Terminology corrected|
|103(37), (38)||YA 1 NZIAS references||2007 Act||Terminology corrected|
|103(39)||YA 1 partnership share||2007 Act||Terminology corrected|
|104||Schedule 1, Part A, Clause 1||2007 Act||Terminology corrected|
|Schedule 2, amending Act||After subpart LP||2007 Act, 1 June 2009||Repeal redundant heading|
|Schedule 2, amending Act||After section OP 77||2007 Act||Repeal redundant heading|
|Schedule 2, amending Act||After section RC 35||2007 Act||Repeal redundant heading|
|Schedule 2, amending Act||Section RZ 5D||2007 Act||Defined terms list|