{"Term":"Grandparented","Definition":"\u003cp\u003eMeets old rules or regulations but not current ones. \u003c/p\u003e\n\u003cp\u003eFor look-through companies, a grandparented Māori authority or tax charity is one that before 3 May 2016 was an owner of a look-through company or had entered into an arrangement to become a look-through company.\u0026nbsp;\u003c/p\u003e\n\u003cp\u003eA Māori authority is also grandparented if it was a beneficiary of a trust that was an owner of a look-through company before the same date.\u003c/p\u003e\n\u003cp\u003eEven though the look-through company rules have changed, a grandparented charity or Māori authority can still be a look-through company if they were one (or connected to one) before the rules changed.\u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}