This section of the law, called ‘Payments of tax by portfolio tax rate entity choosing to make payments when investor leaves’, used to be part of the rules about how certain groups are taxed in the Income Tax Act 2007. However, this rule no longer exists. It was removed on 1 April 2010, which means it doesn’t apply anymore for the tax years starting from 2010-11 onwards. If you need to know about current rules for portfolio tax rate entities, you should look at other parts of the Income Tax Act 2007 that are still in effect.