Section FE 24 — Income Tax Act 2007: Regulations

FE 24 Regulations When this section applies (1) This section applies for the purposes of sections FE 21 and FE 22 . Specifications (2) The Governor-General may, from time to time, by Order in Council— (a) specify a type of instrument that is included in equity value under section FE 21(3) : (b) specify a type of instrument that is not included in equity value under section FE 21(3) : (c) set, replace, or repeal a figure for a threshold amount for a value of an instrument, or aggregate value of a type of instrument, held by a person or group of persons for the purposes of a specification under paragraph (a) or (b): (d) amend or delete a specification under paragraphs (a) to (c): (e) set, replace, or repeal a figure for the threshold amount for the purposes of the definition of threshold in section FE 22(3)(b)(i) : (f) set, replace, or repeal a figure for the definition of interest rate of return in section FE 22(3)(d)(i) . Application or effective date (3) An Order in Council under subsection (2) may— (a) come into effect on or after 1 July 2005: (b) apply for measurement periods and quarters that— (i) are in the 2005–06 income year or a later income year; and (ii) commence on or after 1 July 2005. Defined in this Act: amount , group of persons , income year , interest , measurement period , quarter , Compare: 2004 No 35 s FG 8G(5), (6)