MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)

CHAPTER 4 - SPECIALIST LIABILITY RULES  

PART 4-7 - ENTITIES  

Division 220 - Partnerships and unincorporated associations and bodies  

Operative provisions  

SECTION 220-5  

220-5   PARTNERSHIPS  
For the avoidance of doubt, for the purposes of the * MRRT law , any act, or any omission, of an * entity (including any * supply , exportation or use by the entity) in the capacity of a partner in a * partnership is taken:


(a) to be an act or omission of the partnership; and


(b) not to be an act or omission of the partner or any other partner of the partnership.

Note:

Section 444-30 in Schedule 1 to the Taxation Administration Act 1953 deals with the liability of partners for the obligations imposed on a partnership under the MRRT law.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.