Section ZA 5 — Income Tax Act 2007: Saving of accrual determinations

ZA 5 Saving of accrual determinations When, and extent to which, this section applies (1) This section applies when— (a) a determination has been made before the beginning of the 2008–09 income year under— (i) section 90 or 90AC of the Tax Administration Act 1994; or (ii) section 64E of the Income Tax Act 1976; and (b) the determination has not been cancelled before the beginning of the 2008–09 income year; and (c) the determination is about— (i) a taxation law that is repealed by section ZA 1 (the old law ); or (ii) a taxation law in the Income Tax Act 1994 or the Income Tax Act 1976 that preceded and corresponded to the old law; and (d) a new taxation law that corresponds to the old law (the new law ) comes into force at the commencement of this Act; and (e) in the absence of this section, the commencement of this Act would mean that that determination would cease to apply because the taxation law to which it applied had ceased to exist. Determination about new law (2) The determination is treated as if it were made about the new law, so that the effect of the determination at the commencement of this Act is the same as its effect before the commencement. No confirmation determinations (3) To the extent to which a determination continued by subsection (2) applies, the Commissioner must not make a determination on how the new law applies. Defined in this Act: commencement of this Act , Commissioner , taxation law , Compare: 2004 No 35 s YA 5