Document ID: chunk:federal_register_of_legislation:C2025C00014:section:47a:p11
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 47A (pt 11/13)
Character Range: 324325–327067

subsection called the actual taxpayer's portion of the original assessable amount) is attributable (either directly or indirectly through one or more interposed partnerships or trusts) to the original assessable amount;
 (iv) if sub‑subparagraph (ii)(E) applies:
 (A) the beneficiary who was entitled to the share concerned was a resident at any time during the assessment year of income; and
 (B) the whole or a part (which whole or part is in this subsection also called the actual taxpayer's portion of the original assessable amount) of the share of the net income is attributable (either directly or indirectly through one or more interposed partnerships or trusts) to the original assessable amount;
 (v) if sub‑subparagraph (ii)(F) applies:
 (A) the trust estate was a resident trust estate (within the meaning of Division 6) in relation to the assessment year of income; and
 (B) the whole or a part (which whole or part is in this subsection also called the actual taxpayer's portion of the original assessable amount) of the part of the net income is attributable (either directly or indirectly through one or more interposed partnerships or trusts) to the original assessable amount;
 (vi) if sub‑subparagraph (ii)(G) applies:
 (A) the trust estate was a resident trust estate (within the meaning of Division 6) in relation to the assessment year of income; and
 (B) the whole or a part (which whole or part is in this subsection also called the actual taxpayer's portion of the original assessable amount) of the whole or the part of the share of the net income is attributable (either directly or indirectly through one or more interposed partnerships or trusts) to the original assessable amount;
then, in determining the profits that the first company has at a later time, no account is to be taken of so much of the original profits as is equal to the actual taxpayer's portion of the original assessable amount.
 (18A) An assessment may be made of a taxpayer on the assumption that subsection (2) will not be applicable in relation to a particular distribution payment made during a year of income of the taxpayer.
 (18B) Where:
 (a) the assessment mentioned in subsection (18A) is made; and
 (b) after the making of the assessment, the Commissioner becomes aware that subsection (2) was applicable in relation to the distribution payment concerned;
then, in spite of anything in section 170, the Commissioner may amend the assessment at any time for the purposes of ensuring that the assessment is made as if subsection (18A) of this section were disregarded.
 (19) The provisions of section 102AAJ apply for the purposes of this section in like manner as they apply for the purposes of Division 6AAA.
 (20) For the purposes