INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
Below is material substituted in s 103A by No 101 of 2006.
The Commissioner may, in pursuance of subsection (5), form an opinion that it is reasonable that a company should be treated as a public company for the purposes of subsection (1) in relation to a year of income notwithstanding that -
(a) if the Commissioner did not form such an opinion, the company would not, or might not, be liable to pay additional tax in accordance with section 104 ; or
(b) the forming of such an opinion by the Commissioner would impose on the company a liability to pay a greater amount of income tax than the company would otherwise be liable to pay.