Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 214 - Administering the imputation system  

Guide to Division 214  

SECTION 214-1   214-1   Purpose of the system  


These provisions:


(a) allow the Commissioner to gather sufficient information to determine whether tax is payable by a corporate tax entity under the imputation system; and


(b) provide for the Commissioner to assess the amount of tax that is payable; and


(c) specify when the tax is payable; and


(d) establish systems to support the assessment and collection of the tax.


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