Section Sch50-“ 69 — Income Tax Act 2007: Annual ICA return

“ 69 Annual ICA return “ (1) An imputation credit account (ICA) company must provide to the Commissioner an annual ICA return in the prescribed form for a tax year, showing— “ (a) the opening balance and closing balance of the imputation credit account for the tax year: “ (b) the amount and source of all credits and debits that have arisen during the tax year as described in sections OA 5(2) and OA 6(2) of the Income Tax Act 2007: “ (c) the amount of any further income tax payable for the tax year under sections OB 65 to OB 67 of that Act: “ (d) the amount of any imputation penalty tax payable for the tax year: “ (e) when the company is a branch equivalent tax account (BETA) company,— “ (i) the opening balance and closing balance of the company’s branch equivalent tax account for the tax year: “ (ii) the amount and source of all credits and debits to the company’s branch equivalent tax account for the tax year that have arisen as described in sections OA 5(5)(a) and OA 6(5)(a) of that Act: “ (f) when the company is a conduit tax relief (CTR) company for the tax year,— “ (i) the opening and closing balances of the company’s CTR account for the tax year: “ (ii) the amount and source of all credits and debits that have arisen in the company’s CTR account as described in sections OA 5(4) and OA 6(4) of that Act: “ (g) when the company is a policyholder credit account (PCA) company,— “ (i) the opening balance and closing balance of the company’s policyholder credit account for the tax year: “ (ii) the amount and source of all credits and debits to the company’s policyholder credit account for the tax year that have arisen as described in sections OA 5(7)(a) and OA 6(7)(a) of that Act: “ (h) when the company is a public unit trust or a group investment fund that derives category A income— “ (i) the opening and closing balances of the trust’s or fund’s ASC account for the tax year: “ (ii) the amount and source of all credits and debits that have arisen in the trust’s or fund’s ASC account as described in sections OA 5(6) and OA 6(6) of that Act: “ (i) further information as may be prescribed or required by the Commissioner. “ (2) The annual ICA return required for the tax year by subsection (1) must be provided to the Commissioner no later than— “ (a) the last day of the July that follows the end of the tax year, if the ICA company is an Australian ICA company that is not required to file a return of income for the tax year: “ (b) if paragraph (a) does not apply, the last day on which the ICA company is permitted under section 37 to file a return of income for the tax year. ”