Specific Treatment of New Zealand Retirement Plans Sample Clauses

Specific Treatment of New Zealand Retirement Plans. The United States shall treat as deemed-compliant FFIs or exempt beneficial owners, as appropriate, for purposes of sections 1471 and 1472 of the U.S. Internal Revenue Code New Zealand retirement plans described in Annex II. For this purpose, a New Zealand retirement plan includes an Entity established or located in, and regulated by, New Zealand, or a predetermined contractual or legal arrangement, operated to provide pension or retirement benefits or earn income for providing such benefits under the laws of New Zealand and regulated with respect to contributions, distributions, reporting, sponsorship, and taxation.
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