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(Repealed by No 75 of 2010 )



 

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