Section MK 1 — Income Tax Act 2007: Tax credits for superannuation contributions

MK 1 Tax credits for superannuation contributions Tax credits for members paid to fund providers (1) A fund provider of a person's KiwiSaver scheme or a complying superannuation fund has a tax credit equal to an amount calculated under section MK 4 for a member credit contribution to the scheme or fund. Section MK 2 imposes some eligibility requirements for the year described in subsection (3) in relation to the person. Tax credits for employers [Repealed] (2) [Repealed] Calculations: fund providers (3) A tax credit referred to in subsection (1) is calculated for a year that begins on 1 July and ends on 30 June. Calculations: employers [Repealed] (4) [Repealed] Defined in this Act: amount , complying superannuation fund , employee , employer , employer contribution , fund provider , KiwiSaver scheme , member credit contribution , pay , tax credit , tax year Compare: 2004 No 35 ss KJ 1 , KJ 6 , OB 1 “ member credit year ” Section MK 1: substituted, on 1 April 2008, by section 125 of the Taxation (KiwiSaver) Act 2007 (2007 No 110). Section MK 1(1): amended (with effect on 1 April 2008), on 6 October 2009, by section 366 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section MK 1(2) heading: repealed, on 1 April 2009, pursuant to section 53 of the Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105). Section MK 1(2): repealed, on 1 April 2009, by section 53 of the Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105). Section MK 1(4) heading: repealed, on 1 April 2009, pursuant to section 53 of the Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105). Section MK 1(4): repealed, on 1 April 2009, by section 53 of the Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105).