Income Tax Assessment Act 1936

PART X - ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES  

Division 8 - Active income test  

Subdivision G - Substantiation requirements  

SECTION 454   454   ASSESSMENT ON ASSUMPTION - 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(Repealed by No 75 of 2010 )