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OP 83: Consolidated CTRA dividend derived with CTR credit
or “Removed rule about special dividends with CTR credits for company groups”
You could also call this:

“Removed tax credit for consolidated company groups no longer applies”

You can no longer use this part of the law. It was removed on 7 May 2012 and doesn’t apply anymore. This change affects income years that started on or after 1 July 2011. The part that was removed was about a consolidated CTRA group company’s credit. CTRA stands for conduit tax relief account, which was a type of tax credit system. If you need to know more about this topic, you might want to look at other parts of the Income Tax Act 2007 that are still in use.

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Next up: OP 85: Consolidated CTRA transfer from group’s FDP account

or “Transfer of funds between company group accounts no longer allowed”
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Part O Memorandum accounts
Memorandum accounts of consolidated groups: CTR credits of consolidated groups

OP 84Consolidated CTRA group company’s credit (Repealed)

    Notes
    • Section OP 84: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 113(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).