Section CD 2 — Income Tax Act 2007: Distribution excluded from being dividend

CD 2 Distribution excluded from being dividend A distribution, derived by a member of a co-operative company, that is excluded by section CD 34B from being a dividend is income of the member. Defined in this Act: co-operative company , dividend , income Compare: 2004 No 35 s CD 1B Section CD 2: amended (with effect on 1 April 2010), on 7 September 2010, by section 7 of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).