Section EH 62 — Income Tax Act 2007: Other definitions

EH 62 Other definitions In the adverse event income equalisation scheme,— adverse event deposit means a payment made to the Commissioner under section EH 38(1) adverse event income equalisation account , for a person, means the account that the Commissioner keeps in the person’s name under section EH 39 date the deposit ends means— (a) the date on which the refund is calculated, when section EH 42 applies: (b) the date on which the Commissioner receives the applications for the refund, when section EH 45 applies: (c) the date of the person’s retirement, when section EH 47 applies: (d) the date of the person’s death, when section EH 49 applies: (e) the date on which the Commissioner receives notice of the adjudication, when section EH 53 applies: (f) the date on which the Commissioner receives notice of the liquidation, when section EH 55 applies: (g) the date on which the Commissioner transfers the deposit, when section EH 60(1) applies deposit — (a) means an adverse event deposit; and (b) includes, for the purposes of sections EH 40(2) and (3) and EH 44 to EH 60 , interest that is added to an adverse event deposit under section EH 40(4) specified period , for a person’s tax year, means the shorter of— (a) the period of 6 months after the end of the accounting year that corresponds to the tax year; and (b) the period from the end of the accounting year that corresponds to the tax year to the date 1 month after the date by which the person must, under section 37 of the Tax Administration Act 1994, file their return of income for the accounting year that corresponds to the tax year. Defined in this Act: accounting year , adverse event deposit , adverse event income equalisation account , adverse event income equalisation scheme , Commissioner , date the deposit ends , deposit , interest , liquidation , pay , person , return of income , specified period , tax year , Compare: 2004 No 35 s EH 64