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Changes to the myIR login screen are coming You will not be able to use myIR between 1pm Saturday 8 October and 8am Monday 10 October. This is so we can update our external authentication system. From Monday 10 October the myIR login page will have a new look and feel, but the login process will not change.

Cost of Living Payment Eligible customers will have the payment automatically paid into their bank accounts by the end of the day 3 October 2022. The payments will be staggered and Credit Union customers may not receive their payment until 4 October 2022. Cost-of-Living-Payment

We're aware the dairy price downturn may cause financial issues for dairy farmers and will materially affect some farmers financial position for the 2015-16 income tax year.

Income equalisation scheme - deposits

As the price downturn was evident very early in the 2015-16 tax year the use of the general discretions for late deposits is unnecessary. However, dairy farmers who are materially affected by the dairy price downturn can still make individual application for late deposits.

Income equalisation scheme - withdrawals

Normally income equalisation deposits are not available for refund until 12 months after the deposit is made. However we do have discretion to allow early refunds, particularly in the case of "adverse events" or when the person is suffering serious hardship.

We will allow those dairy farmers who are materially affected by the dairy price downturn and who are therefore suffering financial hardship to make early withdrawals in their 2015-16 or 2016-17 tax years.

All applications for an early refund must be in writing and will take approximately 20 days to be processed.

It should be remembered that the refund will be income in the year that the application is made unless it is elected to treat the refund as income in the prior income year where the application for refund is made in the specified period.

For more information, refer to our Standard Practice statement on income equalisation deposits and refunds.

Standard Practice Statement 19/03 Income equalisation deposits and refunds.

For more information please contact us on our emergency helpline 0800 473 566.

New Zealand legislation

Last updated: 07 Jul 2021
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