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CW 10B: Dividends derived by council-controlled organisation holding companies
or “Tax-free dividends for council-controlled companies under specific conditions”
You could also call this:

“Removed rule about dividends from a special type of company”

This section of the law was about dividends from a conduit tax relief holding company. However, it has been removed from the law. It no longer applies to income years starting on or after 1 July 2011. The government took this section out of the Income Tax Act 2007 on 7 May 2012.

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Next up: CW 12: Proceeds of share disposal by qualifying foreign equity investor

or “Tax exemption for some foreign investors selling NZ company shares”
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Part C Income
Exempt income

CW 11Dividend of conduit tax relief holding company (Repealed)

    Notes
    • Section CW 11: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 10(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).