Income Tax Assessment Act 1936
View history note
Hide history note(a) a company becomes a PDF during a year of income and is still a PDF at the end of the year of income; and
(b) the PDF component for the year of income is a nil amount; and
(c) the year of income is the 1997-98 year of income or a later one. 124ZTA(2) [Alignment of notional year and company's year of income]
The company's taxable income of the year of income is the amount that, if the period (the notional year ) beginning at the start of the year of income and ending immediately before the company becomes a PDF were a year of income of the company, would be the company's taxable income of the notional year.
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