Income Tax Assessment Act 1997
View history note
Hide history noteIf the registration of a * registered CMPTI processing activity of a company is revoked under subsection 419-70(4) , the activity is taken, for the purposes of this Division, never to have been registered for the company and any income year.
Note:
This means that if an assessment of a company ' s income tax for an income year is made on the basis that the company is entitled to the CMPTI tax offset for the activity, the assessment will be amended to take account of the fact that the company was never entitled to the offset for the activity (see section 419-90 ).
419-75(2)
If the registration of a * registered CMPTI processing activity of a company is revoked under subsection 419-70(1) , (2) or (5) , the revocation applies in relation to the income year referred to in that subsection and each later income year.
419-75(3)
Subsection (1) , or subsection (2) to the extent that it relates to a revocation under subsection 419-70(5) , does not apply for the purposes of: (a) the operation of section 419-70 , this section or Subdivision 419-E ; or (b) a review by a court or the * ART of the decision to revoke the registration.
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