Section OB 21 — Income Tax Act 2007: ICA balance of Maori authority credit account

OB 21 ICA balance of Maori authority credit account Credit (1) An ICA company has an imputation credit for an amount equal to the amount of a Maori authority debit under section OK 18 (MACA final balance) when the Maori authority stops being a Maori authority. Table references (2) The imputation credit in subsection (1) is referred to in table O1: imputation credits, row 19 (balance of Maori authority credit account). The Maori authority debit in subsection (1) is referred to in table O18: Maori authority debits, row 10 (final balance). Credit date (3) The credit date is the same as the debit date recorded for the debit under section OK 18 . Defined in this Act: amount , ICA company , imputation credit , Maori authority , Maori authority debit , Compare: 2004 No 35 s ME 4(1)(k), (2)(k)