Section HM 57 — Income Tax Act 2007: Prescribed investor rates for certain investors: 0%

HM 57 Prescribed investor rates for certain investors: 0% An investor (a zero-rated investor ) in a multi-rate PIE has a prescribed investor rate of 0% if they are resident in New Zealand and are— (a) a company: (b) an organisation or trust with income that is exempt income under section CW 41 or CW 42 (which relate to charities): (c) a proxy acting under section HM 33 : (d) [Repealed] (e) a PIE or superannuation fund, other than a trustee who chooses a rate under schedule 6 , table 1, row 3 or 5 (Prescribed rates: PIE investments and retirement scheme contributions): (f) a person who derives income as a trustee and does not choose a rate under schedule 6 , table 1, row 3, 5, or 7. Defined in this Act: company , exempt income , investor , multi-rate PIE , PIE , prescribed investor rate , resident in New Zealand , superannuation fund , trustee Section HM 57: substituted, on 1 April 2010 (applying for the 2010–11 and later income years), by section 49(1) of the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63). Section HM 57(d): repealed, on 2 November 2012, by section 108 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).