1. This is a notice of a product ruling made under section 91F of the Tax Administration Act 1994.
2. Product ruling No. 07/01 was issued on 12 March 2007. It relates to a banking product and various sections of the Income Tax Act 2004. It will appear in Inland Revenue’s Tax Information Bulletin, Vol. 19, No. 5, of June 2007.
3. A copy of the ruling may be obtained by writing to the Team Manager (Technical Services), Office of the Chief Tax Counsel, National Office, Inland Revenue, PO Box 2198, Wellington.
GARY DICK, Team Manager (Technical Services), Office of the Chief Tax Counsel.