When a Maori authority gives out money or other things, it’s called a Maori authority distribution. You need to know that this isn’t the same as a dividend. A dividend is money that a company gives to its shareholders. But there’s one exception to this rule. For the purposes of section CW 10, which talks about dividends within New Zealand wholly-owned groups, a Maori authority distribution is treated as if it were a dividend. This means that in most cases, the rules that apply to dividends don’t apply to Maori authority distributions, but there’s this one special case where they do.
This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.
View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512658.
A Maori authority distribution is not a dividend except for the purposes of section CW 10 (Dividend within New Zealand wholly-owned group).
