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-B - Commissioner may negate effects of schemes for MBL benefits  

SECTION 117-35   117-35   COMMISSIONER MAY DISREGARD SCHEME IN MAKING DETERMINATIONS  


For the purposes of making a determination under this Subdivision, the Commissioner may:


(a) treat a particular event that actually happened as not having happened; and


(b) treat a particular event that did not actually happen as having happened and, if appropriate, treat the event as:


(i) having happened at a particular time; and

(ii) having involved particular action by a particular entity; and


(c) treat a particular event that actually happened as:


(i) having happened at a time different from the time it actually happened; or

(ii) having involved particular action by a particular entity (whether or not the event actually involved any action by that entity).

 

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