16 Dec 1998
Piako Earthmovers Ltd v Accident Rehabilitation and Compensation Insurance Corporation
- Citation
- [1998] NZACC 271
- Court
- District Court
Where company accounts and records show the logging activity produced negligible turnover and a loss and shareholder remuneration was distributed as year-end profit (not PAYE wages), those records satisfactorily verify that shareholder earnings were derived from the earthmoving activity and therefore Reg 10's threshold and verification requirements are met, requiring classification and premium assessment under Class 42100 rather than the higher logging class.