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Inland Revenue

Tax Policy


Clause 159


(New Zealand Law Society)

The regulation-making power in new section 225D of the Tax Administration Act 1994 should be “framed” by a purpose provision that makes it clear that the factors referred to in section 225D (3) are to be used to ensure that the operations of tax-exempt community housing entities are targeted at the provision of new housing for the benefit of individuals and families who are on relatively low incomes and who could not otherwise afford to buy a house without government assistance.


Officials do not agree with the submission. A purpose provision is not necessary as new section 225D already provides sufficient explanation about how the regulation is to be promulgated and what it may contain.


That the submission be declined.