Legislation introduced in the Taxation (Consequential Rate Alignment and Remedial Matters) Bill received Royal assent on 7 December.  The bill was introduced in July 2009 and passed through its final stages in Parliament late last month.

The resulting Act is published at:

http://www.taxpolicy.ird.govt.nz/

Coverage of the new legislation will appear in a Tax Information Bulletin to be published early next year.