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HF 5: Notional distributions of co-operative companies
or “Māori authority co-ops can give special credits to members”
You could also call this:

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

When a Maori authority gives you a distribution, it can be treated in two ways for tax purposes. If the distribution is taxable or notional, it counts as your income under section CV 11. This means you might need to pay tax on it. However, if the distribution doesn’t fall into these categories, it’s considered exempt income under section CW 55. In this case, you don’t have to pay tax on it. It’s important to know which type of distribution you’ve received so you can handle your taxes correctly.

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Next up: HF 7: Taxable Maori authority distributions

or “Taxable income from Māori authorities to members”
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Part H Taxation of certain entities
Maori authorities

HF 6Tax treatment of Maori authority distributions

  1. A Maori authority distribution to a member is—

  2. income of the member under section CV 11 (Maori authorities), if the amount is—
    1. a taxable Maori authority distribution; or
      1. a notional distribution:
      2. exempt income of the member under section CW 55 (Maori authority distributions), if paragraph (a) does not apply.

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