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Income Tax Act 2007

Income - Income from equity

CD 34: Distribution to member of co-operative company based on member’s transactions

You could also call this:

“Removed rule about co-op companies paying members based on their business dealings”

This section of the law has been removed. It used to talk about how co-operative companies give out money to their members based on how much business the members did with the company. The law no longer includes this rule. It was taken out of the Income Tax Act 2007 on 7 September 2010, but the change was set to start from 1 April 2010.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512650.

Topics:
Money and consumer rights > Taxes
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CD 33: Payments corresponding to notional distributions of producer boards and co-operative companies, or

“Payments to members that match non-dividend distributions from producer boards and co-ops”

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CD 34B: Distributions to members of co-operative companies, or

“How co-operative companies can give tax-free distributions to trading members”

Part C Income
Income from equity

CD 34Distribution to member of co-operative company based on member’s transactions (Repealed)

    Notes
    • Section CD 34: repealed (with effect on 1 April 2010), on , by section 8 of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).