INCOME TAX ASSESSMENT ACT 1936 - SECT 454 Assessment on assumption--retention of accounts etc. and compliance with information notices
INCOME TAX ASSESSMENT ACT 1936 - SECT 454
Assessment on assumption--retention of accounts etc. and compliance with information notices(a) a statutory accounting period of a company has ended; and
(b) the retention period in relation to the statutory accounting period has not ended;
an assessment may be made of a taxpayer on the assumption that, after the assessment is made, the following requirements will be complied with in relation to the statutory accounting period:
(c) the requirements set out in paragraphs 451(1)(c) and (d) that are applicable to the company;
(d) the requirements set out in paragraphs 452(1)(c) and (d)
that are applicable to a partnership in which the company was a partner at any
time during the statutory accounting period.