Memorandum of understanding between Inland Revenue (IR) and the Ministry of Social Development (MSD) for disclosure of information to assist Inland Revenue in administering the small business cashflow scheme (SBCS) for those affected by Covid-19.
Agency using the data
IR
Purpose of agreement
IR may use the information that MSD supplies to:
- assess eligibility for the small business cashflow scheme (SBCS).
- verify any information that IR already holds about an applicant or affected person or entity.
- administer the loan; including communicating with applicants and affected persons or entities.
- review and audit loan payments made under the SBCS.
- investigate whether affected persons or entities have received any loan payment under SBCS to which they may not be entitled and to support any enforcement processes
- take proceedings to recover any loan payment to which an affected person or entity is not entitled.
Data exchanged
MSD information:
MSD will send IR with information about applicants or affected persons or entities daily including but not limited to:
- record type
- IRD number
- business name (including sole trader)
- amount of wage subsidy paid
- amount of wage subsidy repaid example amount paid $10,000
- amount repaid $1,000 = Wage Subsidy Scheme amount to be used by IR for business loan calculations $9,000
- application date
- change reason (optional information field for change records to show the reason for a change, for example IR has completed an audit , got a voluntary disclosure, etc)
- refund date (where multiple refunds have been made, this will be the last refund date)
- information sent daily until 12 July 2020 when continuation will then be reviewed.
MSD datasets or case-by-case requests
MSD may supply information case-by-case at IR’s request, or it may be contained in datasets, including (but not limited to) the following:
- All businesses who received payments under the Wage Subsidy Scheme.
- All self-employed individuals who received payments under the Wage Subsidy Scheme.
- All sole traders who received payments under the Wage Subsidy Scheme.
Business owners and authorised personnel may also discuss any queries they have about the information. This includes finding out if MSD holds any more recent information since the date of the last transfer.
Legal authority
Section 7AA (4B) of the TAA and section 18(2)(a) of the TAA.