Section OB 81 — Income Tax Act 2007: Co-operative companies attaching FDP credits

OB 81 Co-operative companies attaching FDP credits Election (1) A co-operative company that is an FDPA company may choose, for an income year, to attach an FDP credit to a cash distribution. The FDP credit may be attached in conjunction with an imputation credit. Application of provisions (2) Sections OB 78 to OB 80 and section 64 of the Tax Administration Act 1994 apply, modified as necessary, to the co-operative company, the distribution, and the FDP credit. Both credits at once (3) A co-operative company may choose to attach both an imputation credit and an FDP credit as part of 1 distribution. Defined in this Act: co-operative company , FDP credit , FDPA company , imputation credit , income year , Compare: 2004 No 35 s ME 39