Section RE 27 — Income Tax Act 2007: RWT exemption certificates

RE 27 RWT exemption certificates Application (1) A person may apply to the Commissioner for an RWT exemption certificate if— (a) they are a person listed in section 32E(2) of the Tax Administration Act 1994; and (b) they meet the requirements of section 32G of that Act. When certificate expires (2) An RWT exemption certificate expires if— (a) the holder loses the basis of their exemption; or (b) the Commissioner cancels the certificate under section 32L of the Tax Administration Act 1994. Notifying Commissioner (3) If the holder of an RWT exemption certificate becomes aware they no longer meet the requirements, they must notify the Commissioner under section 32K of the Tax Administration Act 1994. Defined in this Act: Commissioner , notify , RWT exemption certificate , Compare: 2004 No 35 ss NF 9(1) , NF 11(1), (2)