Update to cross-references

Submission

(Matter raised by officials)

Officials have identified two out-of-date references in existing legislation.

Goods and Services Tax Act 1985

Section 291 of the Taxation (Depreciation, Payment Dates Alignment, FBT, and Miscellaneous Provisions) Act 2006 amended section 15 of the Goods and Services Tax Act, by removing the classification of registered persons into specified categories.

A consequential amendment is required to remove the reference to a “category C” registered person in section 53(1)(c) of that same Act.

KiwiSaver Act 2006

Section 11 of the Taxation (Canterbury Earthquake Measures) Act 2011 removed the definition of “redundancy payment” from section YA 1 of the Income Tax Act 2007.

A consequential amendment is required to the term “redundancy payment” in section 4 of the KiwiSaver Act, to remove the cross-reference to the definition at section YA 1 of the Income Tax Act 2007.

Comment

These out-dated references should be amended.

Recommendation

That the submission be accepted.