Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Before a * PDF's assessment day for an income year, the PDF may elect to have the * venture capital credits that arise because of the * payment of PAYG instalments and income tax during that income year arise on the assessment day.
(2) The * PDF's assessment day for an income year is the earlier of:
(a) the day on which the PDF furnishes its * income tax return for the income year; or
(b) the day on which the Commissioner makes an assessment of the amount of the PDF's taxable income for that year under section 166 of the Income Tax Assessment Act 1936 .