Section OP 48 — Income Tax Act 2007: Consolidated ICA refund of NRWT

OP 48 Consolidated ICA refund of NRWT Debit (1) A consolidated imputation group that includes an Australian ICA company has an imputation debit for the amount of a refund of NRWT that gave rise to an imputation credit under section OP 25 . Table references (2) The imputation debit in subsection (1) is referred to in table O20: imputation debits of consolidated imputation groups, row 22 (refund of NRWT). The imputation credit in subsection (1) is referred to in table O19: imputation credits of consolidated imputation groups, row 20 (NRWT withheld). Debit date (3) The debit date is the day the refund is made. Defined in this Act: amount , Australian ICA company , consolidated imputation group , imputation credit , imputation debit , NRWT , Compare: 2004 No 35 s ME 12(1A)(a), (2A)