INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
PART IIIAA
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FRANKING OF DIVIDENDS
Division 11
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Additional tax by way of penalty
SECTION 160ARZL
160ARZL
WHEN DISCLOSURE MADE
If a company voluntarily tells the Commissioner, in writing, about a franking tax shortfall, or part of a franking tax shortfall, for a year or a refund after the Commissioner has informed the company that a tax audit in relation to the company in respect of that year, or that refund, is to be carried out, the Commissioner may, if the Commissioner considers it appropriate in all the circumstances, determine that, for the purposes of sections 160ARZJ and 160ARZK, the company is taken to have told the Commissioner before being informed.
View history note
Hide history noteIf a company voluntarily tells the Commissioner, in writing, about a franking tax shortfall, or part of a franking tax shortfall, for a year or a refund after the Commissioner has informed the company that a tax audit in relation to the company in respect of that year, or that refund, is to be carried out, the Commissioner may, if the Commissioner considers it appropriate in all the circumstances, determine that, for the purposes of sections 160ARZJ and 160ARZK, the company is taken to have told the Commissioner before being informed.
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