Section OP 29 — Income Tax Act 2007: Consolidated ICA allocation of provisional tax

OP 29 Consolidated ICA allocation of provisional tax Debit (1) A consolidated imputation group has an imputation debit for an amount of provisional tax allocated by the group under section RC 32 (Wholly-owned groups of companies) to an underpaid company. Table reference (2) The imputation debit in subsection (1) is referred to in table O20: imputation debits of consolidated imputation groups, row 3 (allocation of provisional tax). Debit date (3) The debit date is the day the Commissioner is notified of the allocation. Defined in this Act: amount , Commissioner , company , consolidated imputation group , imputation debit , notify , provisional tax , Compare: 2004 No 35 s ME 12(1)(c), (2)(c)