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 5: PCA transfer of life insurance business

You could also call this:

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

This part of the law is about transferring life insurance business for a PCA company. However, it has been removed from the law. You no longer need to worry about this section because it doesn’t apply anymore. It was taken out of the law on 1 July 2010.

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 It might be out of date or be missing some parts.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

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519297.

Topics:
Money and consumer rights > Taxes
Previous

OJ 4: PCA transfer from FDP account, or

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

Next

OJ 6: PCA credit for maximum deficit in FDP account, or

“Credit for companies related to foreign dividend deficits (no longer applicable)”

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

OJ 5PCA transfer of life insurance business (Repealed)

    Notes
    • Section OJ 5: repealed, on , by section 439(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).