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Income Tax Act 2007

Memorandum accounts - Maori authority credit accounts (MACA)

OK 5: MACA distribution with Maori authority credit

You could also call this:

“Māori authority receives credit for distribution with attached Māori authority credit”

When a Maori authority receives a distribution that has a Maori authority credit attached to it, the authority gets a credit for the same amount. This credit is listed in a special table called ‘Maori authority credits’ under row 5, which is about distributions with Maori authority credits. The date of the credit is the same day that the distribution is made to the Maori authority.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519349.

Topics:
Money and consumer rights > Taxes
Māori affairs > Treaty of Waitangi
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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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OK 6: MACA dividend derived with imputation credit, or

“Maori authority receives credit for imputed dividend”

Part O Memorandum accounts
Maori authority credit accounts (MACA)

OK 5MACA distribution with Maori authority credit

  1. A Maori authority has a Maori authority credit for the amount of a Maori authority credit attached to a distribution derived by the Maori authority.

  2. The Maori authority credit in subsection (1) is referred to in table O17: Maori authority credits, row 5 (distribution with Maori authority credit).

  3. The credit date is the day the distribution is made.

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