New Zealand Legislation: Acts
Acts are laws made by Parliament
Section 2(1) of the principal Act is amended by inserting, in their appropriate alphabetical order, the following definitions:
“accounting period has the same meaning as in section 2(1) of the Financial Reporting Act 1993, except that every reference to an entity is a reference to a body corporate
“Commissioner means a member of the Commission appointed under section 9(3A)
“Minister means the Minister of the Crown who, under the authority of any warrant or with the authority of the Prime Minister, is for the time being responsible for the administration of this Act
“turnover means the total gross revenues (exclusive of any tax required to be collected) received or receivable by a body corporate in an accounting period as a result of trading by that body corporate within New Zealand”.
