|Agency data share is with
||Land Information NZ
||Memorandum of Understanding between Inland Revenue and Land Information New Zealand relating to investor test assessments under the Overseas Investment Act 2005
|Agency using the data
||Land Information New Zealand (Overseas Investment Office division)
||Information will be provided to LINZ-OIO to be used to consider and determine whether the Investor Test is met for the relevant application (from an overseas investor).
Inland Revenue may disclose certain information to LINZ about an investor in an overseas investment, including whether:
Where an applicant (overseas investor) provides LINZ with that information, IR may confirm if the information is correct and provide further information on penalties and total amount of unpaid tax.
- they have become liable to pay a penalty in relation to an abusive tax position, evasion or similar in the last 10 years, in New Zealand or other countries
- at the date of application, there is a significant amount of outstanding unpaid tax due (by the investor) in New Zealand or other country.
||Clause 39B of schedule 7 of the Tax Administration Act 1994