INCOME TAX ASSESSMENT ACT 1936 - SECT 147 Rate of tax in special circumstances
INCOME TAX ASSESSMENT ACT 1936 - SECT 147
Rate of tax in special circumstances Where the insurer satisfies the Commissioner that, on account of
special circumstances, it is necessary that the rate of tax payable by the
insurer under this Division should be ascertained at the time when
premiums are paid to the insurer, the Commissioner may direct that the tax so
payable in respect of premiums paid during any financial year shall be
calculated at the rate which would have been payable if an assessment had been
made in respect of those premiums at the date when they were paid.