Section OA 6 — Income Tax Act 2007: Debits

OA 6 Debits What this section does (1) An ICA company has an imputation credit for an amount representing an entitlement to funds held in a tax pooling account if the intermediary transfers the entitlement from another person to the company. Imputation debits (2) A debit is an imputation debit if it is an amount— (a) set out in any of sections OA 7 , OB 30 to OB 59 , OP 28 to OP 50 , and OZ 3 : (b) described in a row of table O2: imputation debits or table O20: imputation debits of consolidated imputation groups. FDP debits (3) A debit is an FDP debit if it is an amount— (a) set out in any of sections OA 7 , OC 13 to OC 26 , and OP 64 to OP 77 : (b) described in a row of table O4: FDP debits or table O22: FDP debits of consolidated FDP groups. CTR debits [Repealed] (4) [Repealed] Branch equivalent tax debits (5) A debit is a branch equivalent tax debit if it is an amount, for a BETA person,— (a) set out in any of sections OA 7 and OE 20 to OE 22 : (b) described in a row of table O10: person's branch equivalent tax debits. ASC debits (6) A debit is an ASC debit if it is an amount— (a) set out in section OA 7 or OF 5 : (b) described in a row of table O12: ASC debits. Policyholder debits [Repealed] (7) [Repealed] Maori authority debits (8) A debit is a Maori authority debit if it is an amount— (a) set out in any of sections OA 7 and OK 10 to OK 18 : (b) described in a row of table O18: Maori authority debits. Defined in this Act: amount , ASC debit , BETA person , branch equivalent tax debit , consolidated FDP group , consolidated group , consolidated imputation group , FDP debit , imputation debit , Maori authority debit , memorandum account , PCA company , PCA person Section OA 6(4) heading: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on 7 May 2012, pursuant to section 83(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34). Section OA 6(4): repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on 7 May 2012, by section 83(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34). Section OA 6(5): replaced, on 1 July 2012 (applying for income years beginning on or after that date), by section 83(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34). Section OA 6(7) heading: repealed, on 1 July 2010, pursuant to section 374(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section OA 6(7): repealed, on 1 July 2010, by section 374(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section OA 6 list of defined terms BETA company : repealed, on 1 July 2012, by section 83(4) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34). Section OA 6 list of defined terms consolidated BETA group : repealed, on 1 July 2012, by section 83(4) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34). Section OA 6 list of defined terms CTR debit : repealed (with effect on 1 July 2011), on 7 May 2012, by section 83(3) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34). Section OA 6 list of defined terms policyholder debit : repealed, on 1 July 2010, by section 374(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).