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Orders in Council (2009)

An Order in Council is a notice of an administrative decision issued by the Governor General. The Orders in Council listed here are regulations or legislative orders in relation to and authorised by an existing Act of Parliament.

Student loan scheme threshold repayment for the 2010 - 11 tax year

2009 Order in Council keeps the student loan scheme threshold repayment at the current level of $19,084 for the 2010-11 tax year.

Minimum family tax credit income amount increased

The net income level guaranteed by the minimum family tax credit will rise from $20.540 to $20,800 a year from 1 Apr 2010.

FBT rate for low-interest loans lowered

2009 legislation reduces the prescribed rate used to calculate fringe benefit tax on low-interest employment-related loans from 6.41% to 6%.

Forests (Payment of Money) Order 2009

2009 Order in Council grants income tax exemption for a payment made by Nature Heritage Fund to Waitutu land owners due to conservation covenants over the land.

Use-of-money interest methodology and rate changes

2009 Order in Council amends the prescribed process or methodology used in setting the use-of-money interest underpayment rate.

Drop in FBT rate for low-interest loans

2009 Order in Council drops the prescribed rate used to calculate fringe benefit tax on low-interest, employment-related loans to 8.05%, down from 10.90%.

Student loan scheme - volunteer exemption

Four organisations have been granted volunteer exemption status so that student loan borrowers working for these organisations qualify for loans.

Student loan scheme - interest rate for 2009-10

The student loan scheme interest rate for the 2009-10 tax year has been set at 6.8% using the formula adopted in 2006.