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Has Ferry Holdings Limited applied for classification as a public purpose Crown-controlled company under section CW38B of the Income Tax Act 2007, and what is the income tax liability if that application is unsuccessful?

Answered Question 33678 (2026)
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Asked by

Tangi Utikere

Member for Palmerston North · Labour Party

Question

  • Has Ferry Holdings Limited applied for classification as a public purpose Crown-controlled company under section CW38B of the Income Tax Act 2007, and what is the income tax liability if that application is unsuccessful?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister for Rail

Answer

Yes, and the application has been approved. As noted in the Statement of Performance Expectations, “As a result, no provision for income tax has been recognised in these prospective financial statements.”