Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Policyholder credit accounts (PCA) - Policyholder credits of PCA company

OJ 4: PCA transfer from FDP account

You could also call this:

“Old rule about transferring funds between insurance company accounts (no longer applies)”

This part of the law is about moving money from one type of account to another for companies that deal with insurance policies. The rule was called ‘PCA transfer from FDP account’. However, you don’t need to worry about this rule anymore because it was removed from the law on 1 July 2010. This means it’s no longer in effect and doesn’t apply to anyone now.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519295.

Topics:
Money and consumer rights > Taxes
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OJ 3: PCA transfer from imputation credit account, or

“Removed rule about transferring credits between company accounts”

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OJ 5: PCA transfer of life insurance business, or

“Removed rule about transferring life insurance business for PCA companies”

Part O Memorandum accounts
Policyholder credit accounts (PCA): Policyholder credits of PCA company

OJ 4PCA transfer from FDP account (Repealed)

    Notes
    • Section OJ 4: repealed, on , by section 439(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).