INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION

Division 10F - Deduction for capital expenditure incurred in establishing horticultural plants

Subdivision H - Transfer of ownership of plants - transferor to give tax information to transferee

SECTION 124ZZP SECTION 124ZZO OBLIGATIONS - TREATMENT OF PARTNERSHIPS

124ZZP(1) Obligations.

Section 124ZZO applies to a partnership as if the partnership were a person, but it applies with the following changes:

(a) obligations that would be imposed on the partnership are imposed instead on each partner, but may be discharged by any of the partners;

(b) any offence against that section that would otherwise be committed by the partnership is taken to have been committed by each partner who:

(i) aided, abetted, counselled or procured the relevant act or omission; or

(ii) was in any way knowingly concerned in, or party to, the relevant act or omission (whether directly or indirectly and whether by any act or omission of the partner).

124ZZP(2) Giving of notices.

For the purposes of section 124ZZO , if a document is given to a partner of a partnership, the document is taken to have been given to the partnership.

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