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Income Tax Act 2007

General collection rules - Refunds - Maori authorities

RM 23: Limits on refunds when Maori authority stops being Maori authority

You could also call this:

“Refund limits for organisations no longer classified as Maori authorities”

When a Maori authority stops being a Maori authority, there are limits on the refunds it can get. If you were a Maori authority and you’re entitled to a refund under section RM 2, RM 4, or RM 5 for a tax year when you had a Maori authority credit account, you need to know about these limits.

The amount of money you can get back is restricted. You can’t get more money refunded than the final balance of your Maori authority credit account. This final balance is calculated as a debit under section OK 18 just before you stopped being a Maori authority.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1520469.

Topics:
Money and consumer rights > Taxes
Māori affairs > Treaty of Waitangi
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RM 22: Limits on refunds for Maori authorities, or

“Rules for tax refunds to Māori authorities”

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RM 24: Increase in credit balances, or

“When your Maori authority credit account balance increases after a loss of shareholder continuity”

Part R General collection rules
Refunds: Maori authorities

RM 23Limits on refunds when Maori authority stops being Maori authority

  1. This section applies when a Maori authority stops being a Maori authority and is entitled to a refund under section RM 2, RM 4, or RM 5 for a tax year in which it maintained a Maori authority credit account.

  2. The amount refunded must be no more than the final balance of the Maori authority credit account arising as a debit under section OK 18 (MACA final balance) just before the Maori authority stopped being a Maori authority.

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Notes
  • Section RM 23(1): amended (with effect on 1 April 2013), on , by section 94 of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).