Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
OC 4: When company chooses to stop being FDPA company
or “A company can no longer choose to stop being an FDPA company”
You could also call this:

“When a company leaves New Zealand, there are no special rules for its accounts”

When a company leaves New Zealand, it is called ‘emigrating’. There used to be a law about what happens to a company’s memorandum accounts when it emigrates. However, this law no longer exists. It was removed on 1 April 2017. This means there are no special rules about memorandum accounts when a company leaves New Zealand anymore.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: OC 6: FDPA payment of FDP

or “This section about company tax payments was removed in 2009”
Next

Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 5When company emigrates (Repealed)

    Notes
    • Section OC 5: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).