Section FN 8 — Income Tax Act 2007: Trans-Tasman imputation groups and resident imputation subgroups

FN 8 Trans-Tasman imputation groups and resident imputation subgroups Trans-Tasman imputation group (1) If at least 1 company in an imputation group is an Australian ICA company, and at least 1 company in the imputation group is not an Australian ICA company, the imputation group is a trans-Tasman imputation group. Resident imputation subgroup (2) A company in a trans-Tasman imputation group that is not an Australian ICA company is treated as a resident imputation subgroup of the trans-Tasman imputation group and is associated with that group. Single company (3) A resident imputation subgroup continues while a company in the trans-Tasman imputation group that is not an Australian ICA company remains in existence. Defined in this Act: Australian ICA company , Commissioner , company , imputation group , notify , resident imputation subgroup , trans-Tasman imputation group , Compare: 2004 No 35 ss FDA 3(1), (3) , OB 1 “ resident imputation subgroup ” , “ trans-Tasman imputation group ” Section FN 8(2): substituted (with effect on 1 April 2008), on 6 October 2009, by section 234(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section FN 8(3) heading: substituted (with effect on 1 April 2008), on 6 October 2009, by section 234(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section FN 8(3): substituted (with effect on 1 April 2008), on 6 October 2009, by section 234(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).