Section OP 27 — Income Tax Act 2007: Consolidated ICA payment of schedular income tax

OP 27 Consolidated ICA payment of schedular income tax Credit (1) A consolidated imputation group that includes an Australian ICA company has an imputation credit for the amount of a payment by the company of schedular income tax for income derived under section CR 3 (Income of non-resident general insurer) or CV 16 (Non-resident shippers) (which relate to non-resident insurers, shippers, and film renters). Table reference (2) The imputation credit in subsection (1) is referred to in table O19: imputation credits of consolidated imputation groups, row 22 (payment of schedular income tax). Credit date (3) The credit date is the day the schedular income tax is paid. Defined in this Act: amount , Australian ICA company , consolidated imputation group , imputation credit , imputation credit account , income , pay , schedular income tax , Compare: 2004 No 35 s ME 11(1B)(c), (2B)(c) Section OP 27(1): amended, on 2 November 2012, by section 135 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).