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Income Tax (ACC Payments) Amendment Bill

Member’s bill in the name of Hamish Campbell drawn from the ballot on Feb 15.  The Bill seeks to make changes to how ACC lump sum payments which are awarded after a court decision, a revised decision, or a review, are taxed. The effect of the amendments is that ACC payments made in respect of certain claims that were initially unsuccessful will be taxable at the rates that would have applied had the initial claims been approved. First reading terminated and bill discharged.

 

Income Tax (ACC Payments) Amendment Bill