Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 3 - Collection, recovery and administration of other taxes  

PART 3-15 - MAJOR BANK LEVY  

Division 117 - Anti-avoidance  

Subdivision 117-A - Application of this Division  

SECTION 117-20  

117-20   MATTERS TO BE CONSIDERED IN DETERMINING PURPOSE  


The following matters are to be taken into account under section 117-10 in considering an entity ' s purpose in entering into or carrying out the *scheme, or part of the scheme:


(a) the manner in which the scheme was entered into or carried out;


(b) the form and substance of the scheme;


(c) the time at which the scheme was entered into and the length of the period during which the scheme was carried out;


(d) the effect that the Major Bank Levy Act 2017 , and any other *taxation law to the extent that it applies in relation to that Act, would have in relation to the scheme apart from this Division;


(e) any change in the financial position of the entity that has resulted, or may reasonably be expected to result, from the scheme;


(f) any change that has resulted, or may reasonably be expected to result, from the scheme in the financial position of an entity (a connected entity ) that has or had a connection or dealing with the entity, whether the connection or dealing is or was of a business or other nature;


(g) any other consequence for the entity or a connected entity of the scheme having been entered into or carried out;


(h) the nature of the connection (whether of a business or other nature) between the entity and a connected entity.


 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.