Taxation Laws Amendment (Foreign Income Measures) Act 1997 (155 of 1997)
Schedule 1 Foreign source income
Part 1 General amendments
Income Tax Assessment Act 1936
53 Paragraphs 438(3A)(c) and (d)
Repeal the paragraphs, substitute:
(c) if there is only one attributable taxpayer in relation to the company at the end of the statutory accounting period - on or before the date of lodgment of the taxpayer's return of income of the year of income in which the end of the statutory accounting period occurs; or
(d) if there are 2 or more attributable taxpayers in relation to the company at the end of the statutory accounting period:
(i) if the taxpayers' returns of income of the year of income in which the end of the statutory accounting period occurs are lodged on different dates - on or before the later or latest of those dates; or
(ii) if the taxpayers' returns of income of the year of income in which the end of the statutory accounting period occurs are lodged on the same date - on or before that date; or
(e) in any case - within such further period as the Commissioner allows.
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