(1) The income-related rent for any HNZ housing (calculated on a weekly basis) is the higher of the following rents:
(2) A rent calculated by reference to household income is the sum of—
(3) A rent calculated by reference to benefit levels is the sum of—
(4) The income-related rent for any HNZ housing must not exceed its market rent for the time being.
(5) Subsection (4) overrides subsection (1).
Part 5 (comprising sections 42 to 65) was inserted, as from 9 August 2000, by section 5 Housing Restructuring (Income-Related Rents) Amendment Act 2000 (2000 No 22).
Section 46(2)(c): amended (with effect from 1 April 2007), on 19 December 2007, by section 295 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
Subsection (2)(c) was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by substituting “Income Tax Act 2004”
for “Income Tax Act 1994”
.
Section 46(2)(c)(i): amended (with effect from 1 April 2007), on 19 December 2007, by section 295 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
Section 46(3)(b): amended (with effect from 1 April 2007), on 19 December 2007, by section 295 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
Subsection (3)(b) was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by substituting “Income Tax Act 2004”
for “Income Tax Act 1994”
.
Section 46(3)(b)(i): amended (with effect from 1 April 2007), on 19 December 2007, by section 295 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
Subsection (6) was amended, as from 12 October 2001, by section 77 New Zealand Superannuation Act 2001 (2001 No 84) by inserting “and the New Zealand Superannuation Act 2001”
after “Social Welfare (Transitional Provisions) Act 1990”
.
Subsection (6) was amended, as from 15 April 2003, by section 12(1) War Pensions Amendment Act 2003 (2003 No 18) by inserting “and Part 6 of the War Pensions Act 1954”
after “Social Welfare (Transitional Provisions) Act 1990”
.
Subsection (6) was amended, as from 21 April 2005, by section 9(1) New Zealand Superannuation and Retirement Income Amendment Act 2005 (2005 No 42) by substituting “New Zealand Superannuation and Retirement Income Act 2001”
for “New Zealand Superannuation Act 2001”
.
Subsection (6) was amended, as from 26 April 2005, by section 7 Relationships (Statutory References) Act 2005 (2005 No 3) by substituting “de facto partner”
for “partner”
.
Subsection (6) was repealed, as from 1 April 2007, by section 3(1) Relationships (Statutory References) Act 2005 (2005 No 3).