1. This is a notice of a product ruling made under section 91F of the Tax Administration Act 1994.
2. Product ruling No.00/04 was issued on 20 March 2000. It relates to the issue of non-voting redeemable preference shares, and sections LE 2 and LE 3 of the Income Tax Act 1994. It will appear in Tax Information Bulletin, Vol. 12, No. 5, of May 2000.
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.
MARTIN SMITH, General Manager (Adjudication & Rulings).