1. This is a notice, made under section 91AAO(5) of the Tax Administration Act 1994 (“TAA”), of a determination made by the Commissioner of Inland Revenue under section 91AAO(1) of that Act.
2. Determination FDR 2016/01 was made on 9 February 2016 permitting an investor to use the fair dividend rate method to calculate foreign investment fund income from their investment in H2O Global Alpha Feeder Fund (Cayman) Limited, for the 2016–2017 and subsequent income years.
   This determination does not apply for the previous 2015–2016 income year unless an investor chooses for it to apply in that year under section 91AAO(3B) of the TAA.
3. The determination will appear in Inland Revenue’s Tax Information Bulletin, Vol. 28, No. 2, of March 2016, and will also be available on the Inland Revenue website
   

   www.ird.govt.nz

JOHN TREZISE, Investigations Manager, Investigations and Advice, Inland Revenue.