Skip to main content

Service changes and updates IR offices, myIR and phone lines (SPK2IR) are unavailable until the morning of Thursday 28 October for planned system maintenance. Find out more

Resurgence Support Payment (RSP) You will not be able to apply for the RSP in myIR until the morning of Thursday 28 October. Businesses affected by the alert level increase that started on 17 August can apply in myIR from 28 October. Applications for a 4th payment round are planned to open on 29 October. Find out more

Resurgence Support Payment (RSP) The government has announced an increase to the amount and frequency of the RSP from 12 November. Find out more

Criteria to qualify for zero-rating

To qualify for the zero rate on interest payments all the following must be met:

  • represented in New Zealand dollars
  • offered to the public in terms of section 3 of the Securities Act 1978
  • not be issued as a private placement
  • not be an asset-backed security
  • be conducted through a registry and paying agent with a fixed establishment in New Zealand
  • be listed on the stock exchange or satisfy a widely held test
  • be registered with us.

Meeting the widely-held test

To meet the widely-held test a security must:

  • be held by 100 separate persons who the issuer could reasonably assume are not associated at the time the test applies
  • have no person or group of associated persons holding a 10% or greater interest at the time of applying the test.
Last updated: 24 Apr 2019
Jump back to the top of the page