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OB 48: ICA credit balance when Maori authority credit account starts
or “Transferring remaining balance when a company becomes a Māori authority”
You could also call this:

“Company records debit when paying replacement for borrowed shares”

When a company pays a replacement payment under a share-lending arrangement, it has to record a debit in its imputation credit account. This debit is for the same amount as the imputation credit that was attached to the replacement payment. The company records this debit on the day it makes the replacement payment.

If you want to find this debit in the company’s records, you can look at table O2, which lists imputation debits. You’ll find it in row 22, under the heading “replacement payment under share-lending arrangement”.

This rule is part of the section OB 64 of the law, which talks about imputation credits and share-lending arrangements.

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Next up: OB 50: ICA returning share transfer

or “Rules for recording imputation debits when receiving dividends in a returning share transfer”
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Part O Memorandum accounts
Imputation credit accounts (ICA)

OB 49ICA replacement payment by company under share-lending arrangement

  1. An ICA company has an imputation debit for the amount of an imputation credit attached under section OB 64 to a replacement payment paid by the company under a share-lending arrangement.

  2. The imputation debit in subsection (1) is referred to in table O2: imputation debits, row 22 (replacement payment under share-lending arrangement).

  3. The debit date is the day the replacement payment is paid.

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