Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 454

    If:

  (a)   a statutory accounting period of a company has ended; and

  (b)   the retention period in relation to the statutory accounting period has not ended;

an assessment may be made of a taxpayer on the assumption that, after the assessment is made, the following requirements will be complied with in relation to the statutory accounting period:

  (c)   the requirements set out in paragraphs 451(1)(c) and (d) that are applicable to the company;

  (d)   the requirements set out in paragraphs 452(1)(c) and (d) that are applicable to a partnership in which the company was a partner at any time during the statutory accounting period.