Document ID: chunk:federal_register_of_legislation:C2016C00568:clause:2_386
Version: federal_register_of_legislation:C2016C00568
Segment Type: clause
Provision Reference: sch 2 cl 386
Character Range: 141049–141822

386  Determination of tax‑exempt Norfolk Island income if information and documents in designated official's possession are sufficient

Scope
(1) This item applies if the designated official possesses sufficient information and documents to determine the person's tax‑exempt Norfolk Island income for the period.

Determination
(2) The designated official may determine, from the information and documents in the designated official's possession, an amount to be the person's tax‑exempt Norfolk Island income for the period.
(3) In determining the person's tax‑exempt Norfolk Island income for the period, the designated official must have regard only to income that was exempt from income tax under repealed Division 1A of Part III of the Income Tax Assessment Act 1936.