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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.
A Māori authority credit, similar to an imputation credit, may be attached to a distribution paid to a member. An example is provided.
A Māori authority may choose whether to attach credits to the distributions it pays to its members. However, if it chooses to do so it must follow certain rules.
A Māori authority credit account (MACA) is a memorandum or record-keeping account for your organisation's use only. Its purpose is to keep track of how much tax a Māori authority has paid, and how many tax credits are available to pass on to the members.