Document ID: chunk:federal_register_of_legislation:C2025C00029:front:0:p15
Version: federal_register_of_legislation:C2025C00029
Segment Type: other
Provision Reference: 
Character Range: 37523–40618

continuity of ownership and control during the income year and does not satisfy the business continuity test  Subdivision 165‑B
1B.   An entity is a *member of a *consolidated group at any time in the income year                                                            Part 3‑90
2.    A company becomes a PDF (pooled development fund) during the income year, and the PDF component for the income year is a nil amount       section 124ZTA of the Income Tax Assessment Act 1936
3.    A shipowner or charterer:                                                                                                                 section 129 of the Income Tax Assessment Act 1936
       has its principal place of business outside Australia; and
       carries passengers, freight or mail shipped in Australia
4.    An insurer who is a foreign resident enters into insurance contracts connected with Australia                                             sections 142 and 143 of the Income Tax Assessment Act 1936
5.    The Commissioner makes a default or special assessment of taxable income                                                                  sections 167 and 168 of the Income Tax Assessment Act 1936
6.    The Commissioner makes a determination of the amount of taxable income to prevent double taxation in certain treaty cases                 section 24 of the International Tax Agreements Act 1953

Note: A life insurance company can have a taxable income of the complying superannuation class and/or a taxable income of the ordinary class for the purposes of working out its income tax for an income year: see Subdivision 320‑D.

4‑25  Special provisions for working out your basic income tax liability
  Subsection 392‑35(3) may increase your basic income tax liability beyond the liability worked out simply by applying the income tax rates to your taxable income.
Note: Subsection 392‑35(3) increases some primary producers' tax liability by requiring them to pay extra income tax on their averaging components worked out under Subdivision 392‑C.

Division 5—How to work out when to pay your income tax

Table of Subdivisions
 Guide to Division 5
5‑A How to work out when to pay your income tax

Guide to Division 5

5‑1  What this Division is about

      If your assessed income tax liability exceeds the credits available to you under the PAYG system, this Division explains when you must pay the excess to the Commissioner.
      If your assessment is amended so that you must pay income tax, or pay more income tax than under the previous assessment, this Division explains:

                (a) when you must pay the additional tax; and
                (b) when any associated interest charges must be paid.

                  Note: For provisions about the collection and recovery of income tax and other tax‑related liabilities, see Part 4‑15 in Schedule 1 to the Taxation Administration Act 1953.

Subdivision 5‑A—How to work out when to pay your income tax

Table of sections
5‑5 When income tax is payable
5‑10 When shortfall interest charge is payable
5‑15 General