Section OP 17 — Income Tax Act 2007: Consolidated ICA resident withholding tax withheld

OP 17 Consolidated ICA resident withholding tax withheld Credit (1) A consolidated imputation group has an imputation credit for resident withholding tax (RWT) that is treated under section RA 9(1)(b) (Treatment of amounts withheld as received) as derived by a group company other than as policyholder base income. Table reference (2) The imputation credit in subsection (1) is referred to in table O19: imputation credits of consolidated imputation groups, row 12 (RWT withheld). Credit date (3) The credit date is the day the interest or dividend relating to the resident passive income is paid. Defined in this Act: company , consolidated imputation group , dividend , imputation credit , interest , pay , policyholder base income , resident passive income , RWT , Compare: 2004 No 35 s ME 11(1)(j), (2)(c) Section OP 17(1): amended, on 1 July 2010, by section 449(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section OP 17 list of defined terms policyholder base income : inserted, on 1 July 2010, by section 449(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).