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A Māori authority must manage or administer assets held in common ownership. An organisation may choose to become a Māori authority, but there are advantages and disadvantages.
Your organisation may qualify as a Māori authority if it meets the criteria as defined by legislation. Marae will most likely be Māori authorities, but may opt to be taxed under general tax rules.
Your organisation will need to keep records of income and expenses in order to file a Māori authorities (IR8) income tax return at the end of the income year.
Māori authority distributions will either be taxable or non-taxable but can be made in a variety of ways. If you have received a distribution you may have additional tax obligations.
Māori authority credits are passed to a member by attaching them to a distribution, for the benefit of the member. You will keep track of these in a memorandum or record-keeping account.
Find out about penalties that may apply and what to do if you're having financial difficulties.
You'll need to contact us in writing if your organisation no longer wants to apply the Māori authority rules.
There was a change in tax rate from the start of the 2012 income year that affected Maori authorities.