Income Tax Assessment Act 1936
PART X
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ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES
If:
(a) a statutory accounting period of a company has ended; and
(b) the retention period in relation to the statutory accounting period has not ended;
(c) the requirements set out in paragraphs 451(1)(c) and (d) that are applicable to the company;
(d) the requirements set out in paragraphs 452(1)(c) and (d) that are applicable to a partnership in which the company was a partner at any time during the statutory accounting period. 454(2)
(Repealed by No 75 of 2010 )
Division 8
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Active income test
Subdivision G
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Substantiation requirements
SECTION 454
454
ASSESSMENT ON ASSUMPTION
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RETENTION OF ACCOUNTS ETC. AND COMPLIANCE WITH INFORMATION NOTICES
If:
(a) a statutory accounting period of a company has ended; and
(b) the retention period in relation to the statutory accounting period has not ended;
an assessment may be made of a taxpayer on the assumption that, after the assessment is made, the following requirements will be complied with in relation to the statutory accounting period:
(c) the requirements set out in paragraphs 451(1)(c) and (d) that are applicable to the company;
(d) the requirements set out in paragraphs 452(1)(c) and (d) that are applicable to a partnership in which the company was a partner at any time during the statutory accounting period. 454(2)
(Repealed by No 75 of 2010 )
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