Section CU 28 — Income Tax Act 2007: Meaning of specified mineral

CU 28 Meaning of specified mineral Meaning (1) Specified mineral — (a) means alumina minerals (for example, bauxite, corundum, diaspore, and gibbsite), aluminous refractory clays containing over 30% alumina in the fired state, aluminous refractory fireclays containing over 30% alumina in the fired state, andalusite, antimony, asbestos, barite, bentonite (except bentonite mined in the area formerly known as Malvern County), bituminous shale, chromite, copper, diatomite, dolomite, feldspar, fluorite, gold, halloysite, kaolin, kyanite, lead, magnesite, manganese, mercury, mica, molybdenite, nickel, perlite, phosphate, platinum group, pyrite, silica in lump form used only in producing silicon carbide or silicon metal or ferro silicon, silica in sand form used only in producing silicon carbide, sillimanite, silver, sodium chloride, sulphur, talc, tin, titanium, titanomagnetite, tungsten, uranium, wollastonite, zeolite, zinc, and zircon: (b) includes a mineral that is declared to be a specified mineral in a Gazette notice given by the Minister. Minister to consider (2) Before giving a Gazette notice about a particular mineral, the Minister must consider whether the mineral is or is likely to be of importance— (a) in the industrial development of New Zealand: (b) as a means of reducing the quantity of industrial minerals or industrial rock required to be imported into New Zealand: (c) as an item of export from New Zealand. Defined in this Act: mineral , Minister , New Zealand , Compare: 2004 No 35 s CU 28