Statute
Section HM 26 — Income Tax Act 2007: Starting life insurance business
Text of the provision Official document
HM 26 Starting life insurance business An entity that is not a life fund PIE loses PIE status immediately if it starts to carry on the business of life insurance. Defined in this Act: business , life fund PIE , life insurance , PIE Compare: 2004 No 35 s HL 4(1) Section HM 26: 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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