Income Tax Assessment Act 1936
The attributable income is the amount that would be the eligible CFC's taxable income for the eligible period if certain assumptions were made.382(2) [Notional assessable income, notional allowable deductions, notional exempt income]
For the purposes of describing those assumptions, amounts of assessable income, allowable deductions and exempt income that are to be taken into account in calculating the taxable income are referred to respectively as notional assessable income, notional allowable deductions and notional exempt income.
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