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HD 30: Members of wholly-owned large multinational group
or “New Zealand members of large multinational groups may have to pay tax for overseas members”
You could also call this:

“How mutual associations handle income, deductions, and rebates”

When you’re part of a mutual association, there are special rules about how money is handled. If you want to know about the money that mutual associations get, or the money that comes from them, you need to look at two important parts of the law. One part talks about the money that mutual associations receive, and the other part explains how members of these associations get money from them.

Sometimes, mutual associations give money back to their members. This is called an association rebate. There’s a specific part of the law that explains how these rebates work.

If you want to learn more about any of these topics, you can look at the sections of the law that deal with them directly. These sections have special names and numbers to help you find them easily.

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Next up: HE 2: Classes of mutual transaction

or “Types of business dealings between an association and its members”
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Part H Taxation of certain entities
Mutual associations

HE 1Income and deductions of mutual associations

  1. The treatment of amounts derived by mutual associations and from mutual associations is dealt with in—

  2. section CB 33 (Amounts derived by mutual associations); and
    1. section CB 34 (Amounts derived by members from mutual associations).

      1. The treatment of association rebates that a mutual association pays to a member is dealt with in section DV 19 (Association rebates).