Income Tax Act 2007

Memorandum accounts - Memorandum accounts of consolidated groups - Imputation credits of consolidated imputation groups

OP 21: Consolidated ICA transfer from group’s policyholder credit account

You could also call this:

“Removed rule: Transferring funds between group accounts no longer applies”

This section of the law, OP 21, used to be about transferring money from a group’s policyholder credit account to their consolidated imputation credit account. However, this rule no longer applies. It was removed from the law on 1 July 2010. This means you don’t need to worry about following this rule anymore because it’s not part of the current law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519453.

Topics:
Money and consumer rights > Taxes

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OP 20: Consolidated ICA transfer from group company’s policyholder credit account, or

“Transfer of credits between company accounts (no longer applicable)”


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OP 22: Consolidated ICA transfer from group company’s ICA, or

“Moving money between company accounts in a group to pay bills”

Part O Memorandum accounts
Memorandum accounts of consolidated groups: Imputation credits of consolidated imputation groups

OP 21Consolidated ICA transfer from group’s policyholder credit account (Repealed)

    Notes
    • Section OP 21: repealed, on , by section 451(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).