Section OP 50 — Income Tax Act 2007: Consolidated ICA refund of schedular income tax

OP 50 Consolidated ICA refund of schedular income tax Debit (1) A consolidated imputation group that includes an Australian ICA company has an imputation debit for the amount of a refund of a payment of schedular income tax that gave rise to an imputation credit under section OP 27 . Table references (2) The imputation debit in subsection (1) is referred to in table O20: imputation debits of consolidated imputation groups, row 24 (refund of schedular income tax). 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). 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 , income tax , pay , schedular income tax , Compare: 2004 No 35 s ME 12(1A)(c), (2A)