Tax Administration Act 1994

Information, record-keeping, and returns - Returns - Fringe benefits

64: Co-operative company to provide particulars of deemed dividend

You could also call this:

"Co-operative companies must report certain dividend details to help with tax returns"

Illustration for Tax Administration Act 1994

If you are a co-operative company, you must do two things. You must give details of a deemed dividend with your tax return for the income year. You must also keep details that will help the Commissioner work out if a later distribution is a dividend under section CD 33(2) of the Income Tax Act 2007. This is if you make an election about a notional distribution under section OB 79 of the Income Tax Act 2007.

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This page was last updated on 28 November 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM351818.

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Part 3Information, record-keeping, and returns
Returns: Fringe benefits

64Co-operative company to provide particulars of deemed dividend

A co-operative company that makes an election in relation to a notional distribution under section OB 79 of the Income Tax Act 2007 shall—
furnish, with the return furnished under section 33 of this Act for the income year in which the determination is made, particulars of the dividend deemed to have been paid; and
retain such particulars as will enable the Commissioner to determine whether any subsequent distribution in respect of the deemed dividend is excluded from being a dividend under section CD 33(2) of the Income Tax Act 2007.

Compare

1976 No 65 s 394ZA(3)

Notes

Section 64: amended, on 1 April 2008 (effective for 2008–09 income year and later income years, unless the context requires otherwise), by section ZA 2 of the Income Tax Act 2007 (2007 No 97).
Section 64(a): amended (with effect on 1 April 2005), on 3 April 2006 (applying for income years corresponding to 2005–06 and subsequent tax years), by section 223(1) of the Taxation (Depreciation, Payment Dates Alignment, FBT, and Miscellaneous Provisions) Act 2006 (2006 No 3).
Section 64(b): amended, on 1 April 2008 (effective for 2008–09 income year and later income years, unless the context requires otherwise), by section ZA 2 of the Income Tax Act 2007 (2007 No 97).
Section 64(b): amended, on 1 April 2005 (effective for 2005–06 tax year and later tax years, except when the context requires otherwise), by section YA 2 of the Income Tax Act 2004 (2004 No 35).