Statute
Section HM 10 — Income Tax Act 2007: Exclusion: life insurance business
Text of the provision Official document
HM 10 Exclusion: life insurance business The entity must not carry on a business of life insurance unless it is a life fund PIE. Defined in this Act: life fund PIE , life insurance Compare: 2007 No 97 s HL 3(9) Section HM 10: inserted, on 1 April 2010 (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Official source: legislation.govt.nz
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