ITAA 1936 s 167

Alternative assessments

Making default assessments: section 167 of the Income Tax Assessment Act 1936

Making default assessments of taxable income in respect of attributable income

Lodgment obligations, due dates and deferrals

Reconstructing records and making reasonable estimates for taxpayers affected by a disaster

Default assessment penalty

Income tax: objections against income tax assessments

Arrangements to shift foreign business losses into Australian branches or resident entities

Foreign residents attempting to avoid Australian capital gains tax by certain 'staggered sell down' arrangements

Use of certain legal structures established in Liechtenstein to attempt to avoid or evade Australian tax obligations

Foreign residents exploiting asset valuations to avoid capital gains tax

Australian resident entities creating false deductions and/or concealing income through arrangements with promoters based in Vanuatu.

Superannuation Illegal Early Release Arrangements

Non-commercial use of negotiable instruments involving self-managed superannuation funds

Re-characterising capital losses as revenue losses

Circumvention of in-house asset rules by self-managed superannuation funds using related party agreements

Life insurance bonds issued by tax haven entities

Discretionary Option Arrangement

Uncommercial offshore superannuation trusts

Certain cross-border Prepaid Forward Purchase Agreements