Senate

Supplementary Explanatory Memorandum

(Circulated by the authority of the Treasurer, the Hon. J. Kerin, M.P)

General Outline and Financial Impact of the Amendments

These proposed amendments will amend the Taxation Laws Amendment Bill (No. 3) 1991 to:

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impose a time limit on the Commissioner of Taxation within which he is to determine an objection, where a taxpayer issues a notice requiring the Commissioner to determine the objection.

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make it clear that the only objections that are not reviewable under the Administrative Decisions (Judicial Review) Act are decisions on objections to assessments or calculations of tax, charge or duty

These amendments will have no impact on the revenue.