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FN 13: Imputation group with no nominated company
or “What happens when an imputation group doesn't have a nominated company”
You could also call this:

“What happens when a company in an imputation group is liquidated”

If a company is part of an imputation group and gets liquidated, it stops being part of that group. When this happens, you don’t need to worry about sections FN 11 and FN 12. These sections usually say a company leaves the group from the start of the income year. But when a company is liquidated, this rule doesn’t apply. The company just leaves the group when it’s liquidated, not from the start of that year.

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Next up: FO 1: What this subpart does

or “This subpart outlines tax rules for New Zealand company mergers”
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Part F Recharacterisation of certain transactions
Imputation groups of companies

FN 14Effect of liquidation of company

  1. If a company is no longer part of an imputation group because it is liquidated, sections FN 11 and FN 12 do not apply to treat the company as leaving the imputation group from the start of the income year in which the liquidation occurred.

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