Notice of Product Ruling 1. This is a notice of a product ruling made under section 91f of the Tax Administration Act 1994. 2. Product ruling No. 96/48 was issued on 20 December 1996. It relates to a distribution of shares and the application of sections EH 1, EH 4, HH 3 (5) and the definition of ``beneficiary income'' in section OB 1 of the Income Tax Act 1994 as amended by the Taxation (Core Provisions) Act 1996. It will appear in Inland Revenue's Tax Information Bulletin, Vol. 9, No. 1 of January 1997. 3. A copy of the ruling may be obtained by writing to the Assistant General Manager (Adjudication & Rulings), National Office, Inland Revenue, P.O. Box 2198, Wellington. JEFFREY TYLER, Assistant General Manager (Adjudication & Rulings).