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OK 9: MACA reversal of tax advantage arrangement
or “Correction of wrongly credited tax for Māori authorities”
You could also call this:

“Māori authority distributions create equal debits for attached credits”

When a Maori authority gives out a distribution, they get a Maori authority debit. This debit is equal to the amount of Maori authority credit that’s attached to the distribution. You can find this debit listed in [table O18: Maori authority debits, row 2 (distribution)]. The date of the debit is the same day that the distribution is made.

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Next up: OK 11: MACA transfer of excess tax to other Maori authorities

or “Transfer of excess tax between Māori authorities”
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Part O Memorandum accounts
Maori authority credit accounts (MACA)

OK 10MACA distribution

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

  2. The Maori authority debit in subsection (1) is referred to in table O18: Maori authority debits, row 2 (distribution).

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

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