Section OK 5 — Income Tax Act 2007: MACA distribution with Maori authority credit

OK 5 MACA distribution with Maori authority credit Credit (1) A Maori authority has a Maori authority credit for the amount of a Maori authority credit attached to a distribution derived by the Maori authority. Table reference (2) The Maori authority credit in subsection (1) is referred to in table O17: Maori authority credits, row 5 (distribution with Maori authority credit). Credit date (3) The credit date is the day the distribution is made. Defined in this Act: amount , distribution , Maori authority , Maori authority credit , Compare: 2004 No 35 s MK 4(1)(d), (2)(b)