Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 3 - Collection, recovery and administration of other taxes  

PART 3-30 - DIVERTED PROFITS TAX  

Division 145 - Assessments of diverted profits tax  

Guide to Division 145  

SECTION 145-10  

145-10   WHEN DPT ASSESSMENTS CAN BE MADE  

Despite subsection 155-5(1) , the Commissioner can make an assessment (the DPT assessment ) of the amount of *diverted profits tax only at a time in the period:

(a) starting on the day on which the Commissioner first gives the entity that is the subject of the assessment a notice of assessment under Part IV of the Income Tax Assessment Act 1936 for the income year mentioned in paragraph 177J(1)(a) of the Income Tax Assessment Act 1936 (as that paragraph applies in relation to the amount of diverted profits tax); and

(b) ending on the last day of the period of 7 years starting the day after that day.