Section RZ 5D — Income Tax Act 2007: Standard method or GST method: transition for Maori authorities

RZ 5D Standard method or GST method: transition for Maori authorities When this section applies (1) This section applies when the provisional tax liability of a Maori authority is calculated for the 2011–12 and 2012–13 income years (the transitional period ). Application of modified sections RZ 3 to RZ 5 (2) Sections RZ 3 to RZ 5 apply for the transitional period to the Maori authority and the Maori authority's provisional tax liability as if— (a) the Maori authority were a new company tax rate person: (b) in section RZ 3 ,— (i) in subsection (2)(b)(ii), 100% had been replaced by 95%: (ii) in subsection (3)(b)(ii), 105% had been replaced by 100%: (iii) in subsection (3)(c)(ii), 105% had been replaced by 100%: (c) in section RZ 4 ,— (i) in subsection (2)(d), 0.95 had been replaced by 0.9 in each place where it appears: (ii) in subsection (2)(e), 0.95 had been replaced by 0.9 in each place where it appears: (d) in section RZ 5 ,— (i) in subsection (2)(b)(ii), a reference to no uplift had been replaced by a reference to a 5% reduction: (ii) in subsection (3)(b)(ii), a reference to a 5% uplift had been replaced by a reference to no uplift: (iii) in subsection (3)(c)(ii), a reference to a 5% uplift had been replaced by a reference to no uplift. Defined in this Act: Maori authority , new company rate person , , provisional tax liability Section RZ 5D: inserted (with effect on 1 October 2010), on 21 December 2010, by section 131 of the Taxation (GST and Remedial Matters) Act 2010 (2010, No 130).