Memorandum accounts - Memorandum accounts of consolidated groups - Introductory provisions
OP 53: When group company emigrates
You could also call this:
“This rule about companies leaving New Zealand no longer applies”
This section of the law was about what happens when a company in a group moves out of New Zealand. However, it’s important for you to know that this part of the law doesn’t apply anymore. The government removed it on 1 April 2017, so you don’t need to worry about what it used to say.
OP 54: When credits and debits arise only in consolidated FDP group accounts, or
“This provision about group tax accounting has been removed”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
Introductory provisions
OP 53When group company emigrates (Repealed)
Notes
Section OP 53: repealed, on , by section 241(1) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
