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OC 9: FDPA transfer for net foreign attributed income
or “Removal of rules about foreign dividend payment account transfers for overseas income”
You could also call this:

“Removed rule about paying foreign dividend payment for conduit debit balance”

You had a rule called ‘FDPA payment of FDP for conduit debit balance’ in the Income Tax Act 2007. This rule was part of the ‘Memorandum accounts’ section. However, this rule doesn’t exist anymore. It was taken out of the law on 30 June 2009. The government made this change through another law called the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009.

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Next up: OC 11: FDPA credit transfer to company

or “This provision about transferring FDPA credits to companies has been removed from the law”
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Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 10FDPA payment of FDP for conduit debit balance (Repealed)

    Notes
    • Section OC 10: repealed (with effect on 30 June 2009), on , by section 408(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).