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603Page 1 of 2 15 July 2001Form 603 Corporations Act 2001 Section 671BNotice of initial substantial holder To Company Name/SchemeWEBJET LIMITED ACN/ARSN002 013 6121. Details of substantial holder
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If subsection 671b4 applies, it typically refers to the treatment of certain entities as partnerships for tax purposes, affecting how income and deductions are reported.
Entities classified under subsection 671b4, which may include certain disregarded entities and their owners, are required to file according to the rules specified for partnerships.
To fill out the form related to subsection 671b4, entities must follow the guidelines for partnerships, complete the necessary tax forms, and ensure accurate reporting of income and ownership interests.
The purpose of subsection 671b4 is to ensure proper tax treatment of certain entities that are not treated as corporations, clarifying tax reporting responsibilities for partnerships.
Information that must be reported includes income, deductions, capital accounts, distributions, and any other relevant financial data pertaining to the partnership.
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