Section OP 9 — Income Tax Act 2007: Consolidated ICA transfer from tax pooling account

OP 9 Consolidated ICA transfer from tax pooling account Credit (1) A consolidated imputation group has an imputation credit for an amount representing an entitlement to funds held in a tax pooling account if the intermediary transfers the entitlement from another person to the group. Table reference (2) The imputation credit in subsection (1) is referred to in table O19: imputation credits of consolidated imputation groups, row 4 (transfer from tax pooling account). Credit date (3) The credit date is,— (a) for an entitlement to funds that are transferred by the intermediary from the tax pooling account to the group's tax account with the Commissioner, the credit date under section RP 19 (Transfers from tax pooling accounts) for the amount transferred; or (b) for an entitlement to funds that are refunded by the intermediary from the tax pooling account to the group, the date of the refund; or (c) for an entitlement that is transferred by the intermediary from the group to another person, the date of the transfer. Defined in this Act: amount , Commissioner , consolidated imputation group , imputation credit , intermediary , tax account with the Commissioner , tax pooling account , Compare: 2004 No 35 s ME 11(1)(ab), (2)(ab) Section OP 9(1): substituted (with effect on 1 April 2008), on 7 September 2010 (applying for the 2008–09 and later income years), by section 106(1) of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109). Section OP 9(3): substituted (with effect on 1 April 2008), on 7 September 2010 (applying for the 2008–09 and later income years), by section 106(2) of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).