Section OP 18 — Income Tax Act 2007: Consolidated ICA transfer from group company’s FDP account

OP 18 Consolidated ICA transfer from group company’s FDP account Credit (1) A consolidated imputation group has an imputation credit for an amount equal to the amount of an FDP debit under section OC 18 (FDPA transfer to imputation credit account) transferred from the FDP account of a group company. Table references (2) The imputation credit in subsection (1) is referred to in table O19: imputation credits of consolidated imputation groups, row 13 (transfer from group company’s FDP account). The FDP debit in subsection (1) is referred to in table O4: FDP debits, row 7 (transfer to imputation credit account). Credit date (3) The credit date is the same as the debit date for the transfer. Defined in this Act: amount , company , consolidated imputation group , FDP account , FDP debit , imputation credit , Compare: 2004 No 35 s ME 11(1)(fb), (2)(fb)