Section OC 3 — Income Tax Act 2007: Choosing to become FDPA company

OC 3 Choosing to become FDPA company Election (1) A company that chooses to become an FDPA company must notify the Commissioner of the election no later than 21 days after the date of the election or by a later date if the Commissioner allows. Effect of election (2) An FDPA company must maintain the FDP account referred to in section OC 1(2) from the date of election. Defined in this Act: Commissioner , company , FDP account , FDPA company , notify , Compare: 2004 No 35 s MG 2(2), (3)