12 December 2001
Media release – Finance and Expenditure Committee
Taxation (Relief, Refunds and Miscellaneous Provisions) Bill
The Finance and Expenditure Committee is inviting public submissions on the Taxation (Relief, Refunds and Miscellaneous
Provisions) Bill. The closing date for submissions is 15 February 2002.
The bill contains provisions to give the Inland Revenue Department greater flexibility in dealing with taxpayers' debt
problems. These changes were introduced in response to concerns about taxpayer debt expressed by the Finance and
Expenditure Committee in a 1999 inquiry into the power and operations of the Inland Revenue Department.
The bill also introduces new rules for the transfer of overpaid tax; prevents the over-taxation of unit trusts; closes
certain loopholes in tax law relating to unit trusts and petroleum mining; clarifies issues regarding holiday pay tax
when businesses are sold; clarifies the law allowing charities and other non-profit bodies to claim GST refunds on
activities; and contains further provisions to simplify the tax system and reduce compliance costs.
Copies of the bill can be purchased from Bennetts Government Bookshops.
The committee requires 25 copies of each submission. Those wishing to include any information of a private or personal
nature in a submission should first discuss this with the clerk of the committee, as submissions are usually released to
the public by the committee. Those wishing to appear before the committee to speak to their submissions should state
this clearly and provide a daytime telephone contact number. For further guidance on making a submission, our
publication Making a Submission to a Parliamentary Select Committee can be found on our web site at
www.clerk.parliament.govt.nz.
Submissions should be addressed as follows:
Julian Kersey
Finance and Expenditure Committee Secretariat
Parliament House
WELLINGTON
ENDS