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Taxation (COVID-19 Support Payments and Working for Families Tax Credits) Act 2021

The Taxation (COVID-19 Support Payments and Working for Families Tax Credits) Act 2021 was passed under urgency on 23 November 2021. The Act received Royal assent on 25 November 2021. It amends the Tax Administration Act 1994 and Income Tax Act 2007. The new legislation amends the existing COVID-19 Resurgence Support Payments (RSP) Scheme into a more general COVID-19 Support Payments (CSP) Framework to provide the Government with the flexibility to continue supporting businesses under a variety of scenarios. The Act also increases the Family Tax Credit, Best Start Tax Credit, the Minimum Family Tax Credit, and the Family Credit abatement rate. Minor remedial changes are also made to the Working for Families indexation settings.

Categories:  covid19,   covid19-resurgence-support-payments-scheme,   working-for-families-tax-credits  

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BR Prd 22/01: Kiwibank Ltd

The Arrangement is a product that Kiwibank offers to its customers. The product is marketed as the "Kiwibank Offset Mortgage" (the Product). The Product allows a customer to elect that interest payable by the customer on a loan made by Kiwibank should be calculated by offsetting the balance of the loan against the aggregate credit balances of certain nominated transaction and savings and investments bank accounts (hereafter referred to as "credit accounts") held either by that customer or by certain other eligible person(s). Interest is payable on the net notional balance of these combined accounts.

Categories:  interest,   mortgage  

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TDS 22/01: Disputes resolution process – adjustments in notice of response

Categories:  disputes-resolution,   notice-notice-of-response-(nor)