On 27 September 2012, the Minister of Revenue announced changes to the proposals made in the issues paper on lease inducement payments released on 26 July 2012 (see New Zealand-1, News 31 July 2012). The changes are a result of feedback from the public consultation process, and include:
| - | applying the reforms to lease inducement payments entered into on or after 1 April 2013, and not 26 July 2012 as originally proposed; | |
| - | overriding t… |