47
In forceDetermination by commissioner of group members to share in excess deduction
Part 2Liability to taxation
Division 6Sharing of excess deduction by group members
47 Determination by commissioner of group members to share in excess deduction
(1)
This section applies, for an assessment of annual liability or final liability of the DGE for a group, if—
(a)
the DGE does not make a nomination under section 46; and
(b)
there is an excess deduction.
(2)
The commissioner may make a determination of—
(a)
1 or more non-DGE group members to share in the excess deduction; and
(b)
the order in which the members are to share in the excess deduction.
(3)
The determination may apply in relation to an assessment of the DGE’s annual liability or final liability made before or after the determination is made.
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