Document ID: chunk:federal_register_of_legislation:C2010C00604:clause:28_3:p10
Version: federal_register_of_legislation:C2010C00604
Segment Type: clause
Provision Reference: sch 28 cl 3 (pt 10/10)
Character Range: 418941–419965

entity; and
 (b) the reference in paragraph (2)(a) of that section to the person's income and expenditure were a reference to:
 (i) the entity's *franking account balance; and
 (ii) the entity's liability to pay *franking tax; and
 (c) paragraph (5)(a) of that section were omitted.

 (2) A *PDF does not need to maintain records under section 262A of the Income Tax Assessment Act 1936 in relation to a *venture capital sub‑account if the *PDF does not elect to be a *participating PDF.

214‑180  Power of Commissioner to obtain information

  Section 264 of the Income Tax Assessment Act 1936 applies for the purposes of this Part as if the reference in paragraph (1)(b) of that section to a person's income or assessment were a reference to a matter relevant to the administration or operation of this Part.

214‑185  Tax agents

  Part VIIA of the Income Tax Assessment Act 1936 applies in relation to a return given, or objection made, for the purposes of this Part as it applies to an income tax return or objection.