Income Tax Assessment Act 1997
CHAPTER 4
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INTERNATIONAL ASPECTS OF INCOME TAX
PART 4-5
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GENERAL
Division 815
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Cross-border transfer pricing
Subdivision 815-B
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Arm
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s length principle for cross-border conditions between entities
Operative provisions
SECTION 815-150 Amendment of assessments 815-150(1)
Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment of an entity for an income year if:
(a) the amendment is made within 7 years after the day on which the Commissioner gives notice of the assessment to the entity; and
(b) the amendment is made for the purpose of giving effect to section 815-115 .
815-150(2)
Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment at any time for the purpose of giving effect to section 815-145 .
View history note
Hide history note[ CCH Note: For the application of Subdivisions 815-B , 815-C and 815-D of the Income Tax Assessment Act 1997 , as inserted, see Division 815 of the Income Tax (Transitional Provisions) Act 1997 .]
SECTION 815-150 Amendment of assessments 815-150(1)
Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment of an entity for an income year if:
(a) the amendment is made within 7 years after the day on which the Commissioner gives notice of the assessment to the entity; and
(b) the amendment is made for the purpose of giving effect to section 815-115 .
815-150(2)
Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment at any time for the purpose of giving effect to section 815-145 .
[ CCH Note: For the application of Subdivisions 815-B , 815-C and 815-D of the Income Tax Assessment Act 1997 , as inserted, see Division 815 of the Income Tax (Transitional Provisions) Act 1997 .]
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