1. This is a notice made under section 91AAO(5) of the Tax Administration Act 1994 of a determination made by the Commissioner of Inland Revenue under section 91AAO(1)(a) of that Act.
2. Determination FDR 2016/04 was made on 11 July 2016 that an investment by a New Zealand resident investor in the New Zealand dollar denominated class of shares in the BlackRock Global Funds World Bond Fund, is a type of attributing interest for which a person may not use the Fair Dividend Rate method to calculate Foreign Investment Fund income from the interest for the 2017 and subsequent income years.
3. The determination will appear in Inland Revenue’s Tax Information Bulletin, Vol. 28, No. 7, of August 2016 and will also be available on the Inland Revenue website
   www.ird.govt.nz

GRAHAM POPPELWELL, Investigations Manager, Investigations and Advice, Inland Revenue.