INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 418 - Exploration for minerals  

Subdivision 418-F - Excess exploration credits  

SECTION 418-180   418-180   Record keeping  


Section 262A of the Income Tax Assessment Act 1936 applies for the purposes of this Division as if:


(a) the reference in that section to a person carrying on a business were a reference to a *corporate tax entity; and


(b) the reference in paragraph (2)(a) of that section to the person ' s income and expenditure were a reference to the entity ' s liability to pay *excess exploration credit tax; and


(c) paragraph (5)(a) of that section were omitted.


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