Document ID: chunk:federal_register_of_legislation:F2017L00529:body:0:p2
Version: federal_register_of_legislation:F2017L00529
Segment Type: other
Provision Reference: 
Character Range: 2877–5583

a substituted accounting period under section 18 of the Income Tax Assessment Act 1936.

    person includes:
       a)       a partner of a partnership, including a foreign hybrid as defined in Division 830 of the Income Tax Assessment Act 1997, and subject to Table K or Table Q, the descriptions in the Tables apply to a partner with respect to their duty to give me a partnership return as if the partnership were regarded as a person and meets those descriptions;
       b)       a trustee of a trust estate; and
       c)        a 'full self-assessment taxpayer'.

    full self-assessment taxpayer means:
        d)       a company,
       e)       a trustee of a corporate unit trust,
       f)          a trustee of a public trading trust,
       g)       a trustee of an approved deposit fund,
       h)       a trustee of a superannuation fund,
        i)          a trustee of a pooled superannuation trust, or
       j)          a corporate limited partnership that is treated as a company by virtue of the provisions of Division 5A of Part III of the Income Tax Assessment Act 1936.

    Requirement to Lodge Income Tax Returns

    Under section 161 and related provisions of the Income Tax Assessment Act 1936, I require every person described in any of Tables A, B, C, D, E, F, G, H, I, J, K, L, or M to give me a return of income for the year of income ended 30 June 2017 (or an approved substituted accounting period).

    Every person required to lodge a return (with the exception of those covered in Table I and Table J) whose year of income ends on 30 June 2017 must do so by 31 October 2017. The return must be in the approved form under subsection 161A(1) of the Income Tax Assessment Act 1936.

    Substituted accounting periods

    Full self-assessment taxpayers must lodge their return with me no later than the 15th day of the 7th month after the end of their year of income if they adopt an approved substituted accounting period instead of the year of income ended 30 June 2017. This does not apply to those persons covered by Table I or Table J.

    Other taxpayers must lodge their return with me no later than the last day of the 4th month after the close of their approved substituted accounting period.

    For the following taxpayers in Tables I or J:
       a)        'master of the ship or agent or other representative in Australia of the owner or charterer' (see Table I)
       b)        a person having 'control of a non-resident's money' (see Table I)
       c)        an 'agent for a non-resident insurer', or an 'agent for a non-resident reinsurer' (see Table J)

    Where a person is described in Table I or Table J and is required to lodge a return