Section FE 4 — Income Tax Act 2007: Some definitions

FE 4 Some definitions In this subpart,— excess debt entity for an income year is a person who— (a) meets the requirements of section FE 2 in the income year; and (b) is not, at any time in the income year, a reporting bank for a New Zealand banking group, or part of a New Zealand banking group; and (c) is not a natural person other than a person acting as a trustee excess debt outbound company for an income year is an excess debt entity that meets the requirements of section FE 2(1)(e) or (f) , and none of the requirements of section FE 2(1)(a) to (d) natural person for an income year is a natural person who— (a) meets the requirements of section FE 2 in the income year; and (b) is a person who is not acting as a trustee reporting bank for a New Zealand banking group is a person who— (a) meets the requirements of section FE 2 ; and (b) is the person determined under section FE 37 . Defined in this Act: excess debt entity , income year , natural person , New Zealand , New Zealand banking group , reporting bank , trustee , Section FE 4 excess debt outbound company : inserted (with effect on 30 June 2009), on 6 October 2009, by section 209(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section FE 4 reporting bank : substituted (with effect on 1 April 2008), on 6 October 2009, by section 209(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section FE 4 list of defined terms registered bank : repealed (with effect on 1 April 2008), on 6 October 2009, by section 209(3) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).