We may backdate your security (loan agreement) registration if you applied late because of an oversight or, you made every effort to comply by the 1st interest payment date. We’ll also adjust your registration as an approved issuer if we need to.
You must apply in writing to backdate, either in myIR or by letter. We cannot backdate registrations earlier than 1 April 2025.
Not registered as an approved issuer
If you have not already registered as an approved issuer, complete an Approved issuer levy (AIL) - payer election - IR396 form and explain why you’re applying late. This form includes an application for approved issuer status and loan agreement registration details.
Already registered as an approved issuer
If you’re an approved issuer and only the loan agreement registration date needs backdating, complete an Application to register security or securities for approved issuer levy (AIL) - IR397 form. This form has loan agreement registration details.
Information you may need to give us
You may need to explain:
- why you did not register on time
- your tax obligation compliance history
- if the loan documents include a clause dealing with AIL
- if you’ve already paid an amount equal to the AIL due
- any tax residency changes over the lending period
- why there was a delay between the 1st interest payment and your application
- if your application is a voluntary disclosure.
We may ask you for more information such as:
- evidence to support your explanation of why there was a mistake
- more documents about the lending
- details of changes in your tax residence.
Apply to register securities
If you apply in myIR, select ‘Yes’ at Is this a backdated registration?
If you write a letter, include either the IR396 or IR397 and your supporting evidence.
Postal address:
Inland Revenue
PO Box 39010
Wellington Mail Centre
Lower Hutt 5045
New Zealand
Register for approved issuer levy status and security
Next steps
We’ll look at your application to see if we can approve backdating the loan agreement. We may contact you for more information.
We look at each application case-by-case. This means it may take more than 20 working days to process an application to backdate.