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Income Tax Act 2007

Taxation of certain entities - Maori authorities

HF 5: Notional distributions of co-operative companies

You could also call this:

“Māori authority co-ops can give special credits to members”

If you are part of a Maori authority that is also a co-operative company, you can make a special kind of distribution called a notional distribution to your members. This works in a similar way to how other companies give out imputation credits. In this case, you can use a Maori authority credit instead of an imputation credit when you make this notional distribution. This is allowed under section OB 79, which talks about co-operative companies attaching imputation credits to notional distributions.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517482.

Topics:
Money and consumer rights > Taxes
Māori affairs > Treaty of Waitangi
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HF 4: What constitutes a Maori authority distribution?, or

“Maori authority distributions explained: What counts and what doesn't”

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HF 6: Tax treatment of Maori authority distributions, or

“How tax applies to money you receive from a Māori authority”

Part H Taxation of certain entities
Maori authorities

HF 5Notional distributions of co-operative companies

  1. A Maori authority that is a co-operative company may make a notional distribution to a member under section OB 79 (Cooperative companies attaching imputation credits to notional distributions) as if a Maori authority credit were an imputation credit.

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