Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-45
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RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS
Division 418
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Exploration for minerals
Subdivision 418-F
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Excess exploration credits
SECTION 418-180
418-180
Record keeping
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.
View history note
Hide history noteSection 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.
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