Document ID: chunk:federal_register_of_legislation:C2025C00014:section:464a
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 464A
Character Range: 2126002–2127306

464A  Keeping of records—section 459A
  Subject to this Division, where:
 (a) subsection 459A(1) applies in relation to an amount (in this section called the trigger amount) included in the assessable income of an Australian partnership or of an Australian trust as mentioned in paragraph 459A(1)(a); and
 (b) at the time referred to in whichever subparagraph of paragraph 459A(1)(c) is applicable, a person is an attributable taxpayer in relation to the CFC or the CFT mentioned in that paragraph;
the person must keep records (in Australia or elsewhere) containing particulars of:
 (c) the acts, transactions and other circumstances that resulted in the person being an attributable taxpayer in relation to the CFC or the CFT at that time; and
 (d) the basis of the calculation of:
 (i) the direct attribution interest; and
 (ii) the aggregate of the indirect attribution interests;
  in the CFC or the CFT held by the person at that time; and
 (e) the basis of the calculation of the attribution percentage of the person in relation to the CFC or the CFT at that time; and
 (f) the basis of the calculation of the amount (including a nil amount) that, apart from subsection 459A(2), would be included in the assessable income of the person under subsection 459A(1) in relation to the trigger amount.