Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 820.690

    If the Commissioner considers that, in relation to a calculation under this Division, an entity has:

  (a)   overvalued its assets; or

  (b)   undervalued its liabilities (including its * debt capital);

the Commissioner may, having regard to the * accounting standards and this Subdivision, substitute a value that the Commissioner considers is appropriate.