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OK 3: MACA transfer of excess tax from other Maori authorities
or “Transferring excess tax between Māori authorities”
You could also call this:

“Credit for Māori authorities when they pay extra income tax”

When you’re part of a Maori authority, you can get a special credit called a Maori authority credit. You get this credit when your authority pays extra income tax. This extra tax payment is described in other parts of the law called section OK 21 or section OK 22.

This credit is listed in a special table called “Maori authority credits”. It’s in row 4 of this table, and it’s called “payment of further income tax”.

The day you get this credit is the same day that your authority pays the extra income tax. This is known as the credit date.

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Next up: OK 4B: MACA expenditure on research and development

or “Former rule on Māori authority credit account spending for research and development”
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Part O Memorandum accounts
Maori authority credit accounts (MACA)

OK 4MACA payment of further income tax

  1. A Maori authority has a Maori authority credit for a payment of further income tax under section OK 21 or OK 22.

  2. The Maori authority credit in subsection (1) is referred to in table O17: Maori authority credits, row 4 (payment of further income tax).

  3. The credit date is the day the further income tax is paid.

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