Section MK 6 — Income Tax Act 2007: Credit given by fund providers

MK 6 Credit given by fund providers A fund provider who receives a tax credit under section MK 3 must credit the relevant person with the amount which must vest in the person immediately after it is paid to the fund provider. The provider must use the contribution allocation for a member to credit the amount of the tax credit on a pro rata basis across the investment products to which the person has subscribed or been allocated as a member of a KiwiSaver scheme or complying superannuation fund. Defined in this Act: amount , complying superannuation fund , fund provider , KiwiSaver scheme , pay , tax credit , Compare: 2004 No 35 s KJ 5(3), (4) Section MK 6: amended, on 1 April 2008, by section 130 of the Taxation (KiwiSaver) Act 2007 (2007 No 110).