Section CF 1 — Income Tax Act 2007: Benefits, pensions, compensation, and government grants

CF 1 Benefits, pensions, compensation, and government grants Income (1) The following amounts are income: (a) an accident compensation payment: (b) an education grant: (c) an income-tested benefit: (d) a living alone payment: (e) a New Zealand superannuation payment: (f) a parental leave payment paid under Part 7A of the Parental Leave and Employment Protection Act 1987 : (g) a pension: (h) a veteran’s pension. Some definitions (2) In this section,— accident compensation payment means— (a) a payment under the Accident Compensation Act 1982 of earnings-related compensation that is not recovered or recoverable by, or refunded to, the chief executive of the administering department: (b) a payment under section 80(4) of the Accident Compensation Act 1982 that is not recovered or recoverable by, or refunded to, the chief executive of the administering department: (c) a payment of any of the following kinds under the Accident Rehabilitation and Compensation Insurance Act 1992, none of which is recovered or recoverable: (i) a vocational rehabilitation allowance under section 25; or (ii) compensation for loss of earnings under any of sections 38, 39, and 43; or (iii) compensation for loss of potential earning capacity under section 45 or 46; or (iv) weekly compensation under any of sections 58, 59, and 60; or (v) continued compensation under section 138: (d) a payment under the Accident Insurance Act 1998 of weekly compensation that is not recovered or recoverable: (e) a payment under a policy of personal accident or sickness insurance under section 188(1)(a) of the Accident Insurance Act 1998, as it was immediately before its repeal by section 7 of the Accident Insurance Amendment Act 2000, of compensation for loss of earnings or loss of potential earning capacity as it relates to work-related personal injury: (f) a payment under the Accident Compensation Act 2001 paid by the Corporation as defined in that Act, of weekly compensation that is not recovered or recoverable under section 248 of that Act: (g) a payment under section 81(1)(b) of the Accident Compensation Act 2001 paid by the Corporation as defined in that Act, for attendant care as defined in schedule 1, clause 12 of that Act: (h) a personal service rehabilitation payment for a person under the Accident Compensation Act 2001 education grant means a basic grant or an independent circumstances grant under regulations made under section 303 of the Education Act 1989 pension — (a) includes a gratuitous payment made to a person in return for services that the person, or their parent, child, spouse, civil union partner or de facto partner, former spouse, civil union partner or de facto partner, or dependant, provided to the payer when the payment would not have been made if the services had not been provided; and (b) does not include a payment made to the person because of, and within 1 year after, the death of that parent, child, spouse, civil union partner or de facto partner, former spouse, civil union partner or de facto partner, or dependant. Defined in this Act: accident compensation payment , amount , chief executive of the administering department , education grant , income , income-tested benefit , living alone payment , New Zealand superannuation , pay , pension , personal service rehabilitation payment , veteran’s pension , year Compare: 2004 No 35 s CF 1 Section CF 1(2)(a) accident compensation payment : amended (with effect on 1 April 2008), on 7 December 2009, by section 7 of the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63). Section CF 1(2)(b) accident compensation payment : amended (with effect on 1 April 2008), on 7 December 2009, by section 7 of the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63). Section CF 1(2)(f) accident compensation payment : substituted (with effect on 1 April 2008), on 6 October 2009, by section 26 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section CF 1(2)(f) accident compensation payment : amended, on 21 December 2010, by section 189 of the Taxation (GST and Remedial Matters) Act 2010 (2010, No 130). Section CF 1(2)(g) accident compensation payment : substituted (with effect on 1 April 2008), on 6 October 2009, by section 26 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section CF 1(2)(g) accident compensation payment : amended, on 21 December 2010, by section 189 of the Taxation (GST and Remedial Matters) Act 2010 (2010, No 130). Section CF 1(2)(h) accident compensation payment : added (with effect on 1 April 2008), on 6 October 2009, by section 26 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section CF 1(2)(h) accident compensation payment : amended, on 21 December 2010, by section 189 of the Taxation (GST and Remedial Matters) Act 2010 (2010, No 130). Section CF 1 list of defined terms personal service rehabilitation payment : inserted, on 1 July 2008, by section 320(2) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).