Section HF 11 — Income Tax Act 2007: Choosing to become Maori authority

HF 11 Choosing to become Maori authority Notice (1) A person who is eligible under section HF 2 may choose to become a Maori authority by notifying the Commissioner. Acceptance notified (2) Having received a notice under subsection (1), the Commissioner must notify the person of the acceptance of the election. The Commissioner must provide an acceptance date in the notice. When election takes effect (3) The election takes effect on the first day of— (a) the income year in which the person’s notice is given; or (b) the next income year, if the person nominates that date in the notice. When election no longer effective (4) An election under this section stops having effect if the person— (a) notifies the Commissioner that the election is cancelled, and the election no longer has effect from the date set out in the notice: (b) stops being a Maori authority. Defined in this Act: Commissioner , income year , Maori authority , notice , notify , Compare: 2004 No 35 s HI 3