Section OP 49 — Income Tax Act 2007: Consolidated ICA refund of amount of tax for schedular payment

OP 49 Consolidated ICA refund of amount of tax for schedular payment Debit (1) A consolidated imputation group that includes an Australian ICA company has an imputation debit for the amount of a refund of an amount of tax for a schedular payment that gave rise to an imputation credit under section OP 26 . Table references (2) The imputation debit in subsection (1) is referred to in table O20: imputation debits of consolidated imputation groups, row 23 (refund of amount of tax for schedular payment). The imputation credit in subsection (1) is referred to in table O19: imputation credits of consolidated imputation groups, row 21 (amount of tax for schedular payment). Debit date (3) The debit date is the day the refund is made. Defined in this Act: amount , amount of tax , Australian ICA company , consolidated imputation group , imputation credit , imputation debit , schedular payment , Compare: 2004 No 35 s ME 12(1A)(b), (2A)