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Income Tax Act 2007

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

OJ 10: PCA transfer to group account

You could also call this:

“Transferring policyholder credit accounts to group accounts is no longer allowed”

You can’t transfer a policyholder credit account (PCA) to a group account anymore. This part of the law was removed on 1 July 2010.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519308.

Topics:
Money and consumer rights > Taxes
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OJ 9: PCA transfer to imputation credit account, or

“Removed rule about moving money between company tax accounts”

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OJ 11: PCA company’s transfer of life insurance business, or

“Transfer of life insurance business by PCA companies (removed in 2010)”

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

OJ 10PCA transfer to group account (Repealed)

    Notes
    • Section OJ 10: repealed, on , by section 439(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).