Section CW 59B — Income Tax Act 2007: Income of and distributions by certain international funds

CW 59B Income of and distributions by certain international funds Trustees (1) An amount derived by a person is exempt income of the person if they are— (a) the trustee of the Niue International Trust Fund: (b) the trustee of the Tokelau International Trust Fund. Distributions (2) An amount derived by a person is exempt income of the person if the income is a distribution by— (a) the trustee of the Niue International Trust Fund: (b) the trustee of the Tokelau International Trust Fund. Defined in this Act: amount , distribution , exempt income , income , Niue International Trust Fund , Tokelau International Trust Fund , trustee Compare: 2004 No 35 ss CW 49C , CW 49D Section CW 59B: inserted, on 1 April 2008, by section 333 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).