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OP 89: Consolidated CTRA adjustment for conduit tax relief
or “Removed tax rule about company group adjustments for overseas income”
You could also call this:

“Removed rule about company debits in consolidated CTRA groups”

This part of the law used to be about a company’s debit in a consolidated CTRA group. However, it was taken out of the law on 7 May 2012. The change started working from 1 July 2011 for income years that began on or after that date. This means that this rule doesn’t apply anymore, and you don’t need to worry about it now.

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Next up: OP 91: Consolidated CTRA increase in resident shareholding

or “Removed provision about tax credits when NZ shareholders increase in consolidated groups”
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Part O Memorandum accounts
Memorandum accounts of consolidated groups: CTR debits of consolidated groups

OP 90Consolidated CTRA group company’s debit (Repealed)

    Notes
    • Section OP 90: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 114(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).