Section CZ 14 — Income Tax Act 2007: Treatment of superannuation fund interests in group investment funds on 1 April 1999

CZ 14 Treatment of superannuation fund interests in group investment funds on 1 April 1999 When this section applies (1) This section applies when a superannuation fund has an interest in a group investment fund on 1 April 1999. Exclusions from dividends (2) Section CD 22(4) (Returns of capital: off-market share cancellations) does not apply to the interest. Trustee’s election (3) If a trustee of a group investment fund chose on or before 31 March 1999 to treat a superannuation fund interest in a group investment fund as subject to section CD 22(4) ,— (a) subsection (2) does not apply to the interest: (b) section CD 22(2) applies to the interest on and after 1 April 1999. Defined in this Act: dividend , group investment fund , interest , superannuation fund , trustee , Compare: 2004 No 35 s CZ 14