INCOME TAX ASSESSMENT ACT 1997 - SECT 705.55 Order of application of sections 705 - 40, 705 - 45 and 705 - 47
INCOME TAX ASSESSMENT ACT 1997 - SECT 705.55
Order of application of sections 705 - 40, 705 - 45 and 705 - 47If more than one of sections 705 - 40, 705 - 45 and 705 - 47 apply:
(a) the * head company may choose the order in which the sections are to apply; and
(b) if it does not, the order is as follows:
(i) first, section 705 - 40;
(ii) second, section 705 - 45;
(iii) third, section 705 - 47.