Memorandum accounts - Memorandum accounts of consolidated groups - Policyholder debits of consolidated groups
OP 116: Consolidated PCA transfer to imputation credit account
You could also call this:
“Removed rule about transferring funds between company accounts in insurance groups”
You should know that this section of the law, called ‘Consolidated PCA transfer to imputation credit account’, has been removed. It was part of the rules about ‘Policyholder debits of consolidated groups’ in the Income Tax Act 2007. The government took it out of the law on 1 July 2010. This means it no longer applies and you don’t need to follow it anymore.
