Public advice and guidance compendium TD 2023/5EC







This Compendium of comments provides responses to comments received on Draft Taxation Determination TD 2023/D2 Income tax: aggregated turnover and connected entities  Commissioner's discretion that an entity does not 'control' another entity. It is not a publication that has been approved to allow you to rely on it for any purpose and is not intended to provide you with advice or guidance, nor does it set out the ATO's general administrative practice. Therefore, this Compendium does not provide protection from primary tax, penalties or interest for any taxpayer that purports to rely on any views expressed in it. | Paragraphs 43 and 44 (Example 5) of the final Determination should say "control percentage...of at least 40%" and "a control percentage...of at least 40%. | Agreed. Paragraphs 43 and 44 have been modified in the final Determination.