Section EH 3 — Income Tax Act 2007: Persons to whom main income equalisation scheme applies

EH 3 Persons to whom main income equalisation scheme applies Meaning of farmer, fisher, and forester for main income equalisation scheme (1) The main income equalisation scheme applies to— (a) a farmer , which means a person carrying on a farming or agricultural business on land in New Zealand; or (b) a fisher , which means a person carrying on a fishing business; or (c) a forester , which means a person who— (i) derives income from forestry; and (ii) is not a company, a public authority, a Maori authority, or an unincorporated body. Meaning of person for main income equalisation scheme (2) In the main income equalisation scheme, person means a farmer, fisher, or forester. Defined in this Act: business , company , farmer , fisher , fishing business , forester , income from forestry , main income equalisation scheme , Maori authority , New Zealand , person , public authority , Compare: 2004 No 35 s EH 3