INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
View history note
Hide history note[ CCH Note: Note that s 160ASEA is the first section of Div 13, and appears out of alphabetical order.]
On the day on which the termination time in relation to an estimated venture capital debit of a PDF occurs, there arises a venture capital credit of the PDF equal to the estimated venture capital debit.
160ASEF(2) [Day when substitution notice is served]If, on a particular day, the Commissioner serves on a PDF a notice of an estimated venture capital debit determination that is in substitution for an earlier determination, there arises on that day a venture capital credit of the PDF equal to the amount of the venture capital debit that arose because of the earlier determination.
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