Section HF 7 — Income Tax Act 2007: Taxable Maori authority distributions

HF 7 Taxable Maori authority distributions A Maori authority distribution is a taxable Maori authority distribution if the source is income of the Maori authority that is— (a) derived by the Maori authority in the 2004–05 income year or a later income year; and (b) not exempt income of the Maori authority; and (c) not a cash distribution made to a member in relation to a notional distribution for which the Maori authority has made an election under section OB 82 (When and how co-operative company makes election). Defined in this Act: exempt income , income , income year , Maori authority , member , taxable Maori authority distribution , Compare: 2004 No 35 s HI 5(2), (3)