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Orders in Council (2007)
An Order in Council is a notice of an administrative decision issued by the Governor General. The Orders in Council listed here are regulations or legislative orders in relation to and authorised by an existing Act of Parliament.
The KiwiSaver Amendment Regulations 2007 amend the KiwiSaver Regulations 2006.
The prescribed rate used to calculate fringe benefit tax on low-interest, employment-related loans has risen to 10.37%, up from the 9.79% rate announced for the preceding quarter.
The deemed rate of return for taxing foreign investment fund interests has been set at 10.27% for the 2006-07 income year, up from 9.82% last year.
The following organisations have been added to the list of organisations that are "named" for the purposes of section 38AE(1)(b) of the Student Loan Scheme Act 1992.
Use-of-money interest rates on underpayments and overpayments of tax are to rise in line with current market interest rates.
The student loan scheme interest rates for the 2007-08 tax year have been set.