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Income Tax Act 2007

Memorandum accounts - Terminating provisions

OZ 18: Credit-back of PCA balance

You could also call this:

"This provision about crediting back a policyholder credit account balance has been removed"

Illustration for Income Tax Act 2007

This part of the law used to talk about something called 'Credit-back of PCA balance'. It was part of a bigger section about 'Memorandum accounts' in the Income Tax Act 2007. However, this specific rule doesn't exist anymore. The government removed it on 30 March 2017. 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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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3067300.

Topics:
Money and consumer rights > Taxes
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OZ 17: CTRA reductions, or

"Removed rules about reducing credits in a company's tax account"

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RA 1: What this Part does, or

"This part outlines the rules for paying various taxes and other amounts to Inland Revenue"

Part OMemorandum accounts
Terminating provisions

OZ 18Credit-back of PCA balance (Repealed)

    Notes
    • Section OZ 18: repealed, on , by section 255 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).