Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME  

Division 59 - Particular amounts of non-assessable non-exempt income  

Operative provisions  

SECTION 59-80  

59-80   Amending assessments  

Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment for the purpose of giving effect to an outcome that is consequential on any or all of the following events:

(a) the inclusion of a * SRWUIP program on the published list of SRWUIP programs (see section 59-70 );

(b) the publication of a change to a SRWUIP program ' s listing on the published list of SRWUIP programs;

(c) the Commonwealth seeking to recover a payment described in subsection 59-67(6) ;

(d) the making of a choice under subsection 59-65(2) ;

(e) the event that causes subsection 26-100(3) to treat expenditure as if it had never been * SRWUIP expenditure;

if the amendment is made at any time during the period of 2 years starting immediately after that event.

Note:

Section 170 of the Income Tax Assessment Act 1936 specifies the usual period within which assessments may be amended.