Section OP 16 — Income Tax Act 2007: Consolidated ICA credit transfer to company

OP 16 Consolidated ICA credit transfer to company Credit (1) A consolidated imputation group has an imputation credit for the amount of an imputation credit shown in a credit transfer notice given to a company that is part of the consolidated imputation group when the notice is given. Table reference (2) The imputation credit in subsection (1) is referred to in table O19: imputation credits of consolidated imputation groups, row 11 (credit transfer). Credit date (3) The credit date is the day the notice is given. Defined in this Act: amount , company , consolidated imputation group , credit transfer notice , imputation credit , Compare: 2004 No 35 s ME 11(1)(ed), (2)(cc)