Section 454 — Income Tax Assessment Act 1936: Assessment on assumption—retention of accounts etc. and compliance with information notices

If: (a) a statutory accounting period of a company has ended; and (b) the retention period in relation to the statutory accounting period has not ended; an assessment may be made of a taxpayer on the assumption that, after the assessment is made, the following requirements will be complied with in relation to the statutory accounting period: (c) the requirements set out in paragraphs 451(1)(c) and (d) that are applicable to the company; (d) the requirements set out in paragraphs 452(1)(c) and (d) that are applicable to a partnership in which the company was a partner at any time during the statutory accounting period.