INCOME TAX ASSESSMENT ACT 1997 - SECT 418.180 Record keeping

INCOME TAX ASSESSMENT ACT 1997 - SECT 418.180

    Section   262A of the Income Tax Assessment Act 1936 applies for the purposes of this Division as if:

  (a)   the reference in that section to a person carrying on a business were a reference to a * corporate tax entity; and

  (b)   the reference in paragraph   (2)(a) of that section to the person's income and expenditure were a reference to the entity's liability to pay * excess exploration credit tax; and

  (c)   paragraph   (5)(a) of that section were omitted.