Section FE 25 — Income Tax Act 2007: New Zealand group for excess debt entity that is a company

FE 25 New Zealand group for excess debt entity that is a company Steps to determine membership (1) The following steps are used to determine the membership of the New Zealand group of an excess debt entity that is a company: (a) identifying the New Zealand parent, see section FE 26 : (b) establishing the companies under the parent’s control, see section FE 27 : (c) identifying the members of the New Zealand group, see sections FE 28 and FE 29 : (d) if a non-resident has ownership interests in 2 or more New Zealand groups, establishing whether the groups may be combined into a single New Zealand group, see section FE 30 . Entity as company (2) Sections FE 26 to FE 30 apply only to an excess debt entity that is company. However, section FE 30 does not apply to an excess debt outbound company. Defined in this Act: company , excess debt entity , excess debt outbound company , New Zealand , non-resident Compare: 2004 No 35 s FG 4(10), (11) Section FE 25(2): amended (with effect on 30 June 2009), on 6 October 2009, by section 219(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section FE 25 list of defined terms control : repealed, on 1 April 2010, by section 594 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section FE 25 list of defined terms excess debt outbound company : inserted (with effect on 30 June 2009), on 6 October 2009, by section 219(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).