Document ID: chunk:federal_register_of_legislation:C2025C00014:section:462a
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 462A
Character Range: 2124999–2126002

462A  Keeping of records—section 457
  Subject to this Division, where:
 (a) subsection 457(1) applies to a change of residence of a CFC; and
 (b) at the residence‑change time referred to in that subsection, a person is an attributable taxpayer in relation to the CFC;
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 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 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 at that time; and
 (f) the basis of the calculation of the amount (including a nil amount) included in the assessable income of the person under section 457 in relation to the change of residence concerned.