Section OB 64 — Income Tax Act 2007: Replacement payments

OB 64 Replacement payments Attaching credits (1) On making a replacement payment, a share user under a share-lending arrangement may attach an imputation credit to the payment. Amount of credit (2) The amount of the imputation credit must be equal to or less than the amount of any imputation credit attached to a dividend relating to the replacement payment that is received by the share user before the replacement payment is made. Defined in this Act: amount , dividend , imputation credit , pay , replacement payment , share-lending arrangement , share user , Compare: 2004 No 35 s ME 6B