Section Sch50-“ 32J — Income Tax Act 2007: RWT exemption certificates for unincorporated bodies

“ 32J RWT exemption certificates for unincorporated bodies “ (1) This section applies when the Commissioner provides an RWT exemption certificate to an unincorporated body under section RE 30 of the Income Tax Act 2007. “ (2) The certificate must name the body as the holder. If the body is a trustee, the certificate must name the trust as the holder. “ (3) No member of the body can be provided with an RWT exemption certificate in relation to the taxable activity carried on by the body. “ (4) For the purposes of the RWT rules, a notice to the body as holder is treated as served on the body and on each member of the body. “ Compare: 2004 No 35 s NF 10(1)(a), (d), (3)