Commentary on Part IV of ITAA 1936: returns and assessments [Extract]To facilitate the determination of a person's liability to taxation it is required that taxpayers provide the ATO with certain information in a return so that the ATO may calculate the amount refundable or payable, and issue ...
LICs are bought and sold on the market just like an ordinary share and investors can decide whether the investment style and underlying investment portfolio of a particular LIC suits their own investment objectives.”For more information on LIC refer to AIS website. ...