Tax Laws Amendment (Improvements to Self Assessment) Act (No. 2) 2005 (161 of 2005)
Schedule 1 Assessments
Part 4 Consequential amendments
Division 2 Nil assessment provisions
Income Tax Assessment Act 1936
38 Paragraphs 161AA(a) and (b)
Repeal the paragraphs, substitute:
(a) its taxable income or its net income for that year of income (or that it has no taxable income or net income for that year); and
(b) the amount of the tax payable on that taxable income or net income (or that no tax is payable); and
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