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COV 22/04
04 Mar 2022
04 Mar 2022
31 May 2022

Variation to section FN 7(5) of the Income Tax Act 2007

This variation applies to taxpayers who wish to form an imputation group for the 2022 tax year.  The variation recognises that the impact of COVID-19 means that some taxpayers may not have been able to provide a notice of election to the Commissioner by the 31 March 2022 deadline.  It provides those taxpayers with an additional two months to provide the Commissioner with a notice of election to form an imputation group.

Tax Information Bulletin - April 2022

Tax Administration Act 1994: ss 6H and 6I
Income Tax Act 2007: s FN 7(5)