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Income Tax Act 2007

Income - Income from equity

CD 12: Superannuation schemes entering trust rules

You could also call this:

“How superannuation schemes are treated when they become superannuation funds”

When a superannuation scheme is treated as a company because it’s a unit trust, and it becomes a superannuation fund, something important happens. You need to know that the company is treated as if it has been liquidated. This means it’s considered to have ended its business operations. This liquidation is treated as happening just before the scheme changes to become a superannuation fund.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512566.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
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Part C Income
Income from equity

CD 12Superannuation schemes entering trust rules

  1. This section applies when a superannuation scheme that is treated as a company because it is a unit trust becomes a superannuation fund.

  2. The company is treated as liquidated immediately before the date on which the scheme becomes a superannuation fund.

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