Section CV 6 — Income Tax Act 2007: Crown Research Institutes

CV 6 Crown Research Institutes Income (1) An amount that a Crown Research Institute derives is income of the institute if the amount is provided to the institute for the purposes of— (a) any 1 or more of the activities listed in section 7 of the Research, Science, and Technology Act 2010; or (b) producing outputs relating to public good science and technology. Meaning (2) In this section, public good science and technology means science or technology— (a) that is likely to increase knowledge or understanding of the physical, biological, or social environment; or (b) that is likely to develop, maintain, or increase skills or scientific or technological expertise that is of particular importance to New Zealand; or (c) that may be of benefit to New Zealand, but is unlikely to be funded, or adequately funded, from non-governmental sources. Defined in this Act: amount , Crown Research Institute , income Compare: 2004 No 35 s CV 2 Section CV 6: substituted, on 1 February 2011, by section 18 of the Research, Science, and Technology Act 2010 (2010 No 131).