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StatuteSocial Security Act 2018

Section Sch3-4 — Social Security Act 2018: Income includes periodical payments, etc, for income-related purposes

Text of the provision Official document

4 Income includes periodical payments, etc, for income-related purposes (1) A person’s income includes any periodical payments made to the person, and the value of any credits or services provided periodically to the person,— (a) from any source for income-related purposes; and (b) used by the person for income-related purposes. (2) Subclause (1) applies— (a) whether or not the payments, credits, or services are capital; and (b) to the payments, credits, or services as calculated before the deduction (if applicable) of income tax. (3) The contrary provisions that (under clause 2(2) ) override this clause include clause 10 (which requires MSD to have regard to specified matters in considering, in respect of a person, whether a payment, credit, or service is for an income-related purpose). Compare: 1964 No 136 s 3(1) , definition of income, paragraph (b), and definition of income-related purpose

Official source: legislation.govt.nz

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Statutory text from an official public source. Informational content — does not replace advice from a qualified lawyer.