Tax Management NZ Appoints Sir Ralph Norris to Advisory Brd
28 February 2013
Tax Management New Zealand Appoints Sir Ralph Norris to Advisory Board
Dynamic, respected business leader Sir Ralph Norris has been appointed to the Advisory Board for Tax Management New Zealand.
He joins Barrister David McLay, and CEO and managing partner of Ernst & Young Oceania, Rob McLeod - both of whom have been providing strategic advice to Tax Management New Zealand as advisory board members for over 10 years.
Sir Ralph has previously held CEO roles at ASB, Air New Zealand, and The Commonwealth Bank of Australia. Of Tax Management New Zealand, Sir Ralph says: “This company is a brilliant example of New Zealand’s ability to apply innovation. Since its establishment, it has taken a unique New Zealand tax problem for many companies and turned it into an opportunity.
“Tax Management New Zealand was the first company to take up the opportunity promoted by Inland Revenue, and it developed the framework to help solve the challenges that businesses face in estimating their provisional tax. This has created a win-win solution for businesses and the IRD.”
Rob McLeod heads Ernst & Young’s Oceania practice, encompassing Australia, New Zealand and Fiji. A tax specialist, he has previously been appointed by Government to roles including; as a member of the Capital Markets Task Force; chairing the 2001 Government Tax review; as a member of the Maori Economic Development Ministerial Taskforce, and the National Infrastructure Advisory Board. He has held multiple directorships including on some of New Zealand’s largest listed companies.
David McLay was a member of the Government’s former GST advisory panel, and he is an internationally regarded New Zealand tax expert with 30 years’ experience. David has had considerable experience advising Government on taxation issues including as chair of the Rewrite Advisory Panel, with a role in Income Tax Act developments and remedial tax issues.
Tax Management New Zealand Ltd was established in 2003 by Ian Kuperus, to help New Zealand companies manage provisional tax payments. It developed the framework to implement the concept of ‘tax pooling’. With itself as an intermediary, Tax Management New Zealand facilitates the trading of tax that is over or underpaid. Using IRD approved mechanisms, it then ensures provisional tax is paid for underpayers on time and in full, and charges lower interest for doing so than typical IRD rates.