Section MK 7 — Income Tax Act 2007: Amounts paid in excess

MK 7 Amounts paid in excess Despite section MK 6 , a fund provider is treated as having the amount of a tax credit paid under section MK 3 for the purposes of recovering any amount paid in excess of that properly payable. For the purposes of this section, the fund provider may subtract an amount from a person’s account to pay the Commissioner the excess amount. Defined in this Act: amount , Commissioner , fund provider , pay , tax credit , Compare: 2004 No 35 s KJ 5(1), (5)