A New Tax System (Tax Administration) Act 1999 (179 of 1999)

Schedule 6   Shorter period of review (SPOR) taxpayers

Part 1   Income Tax Assessment Act 1936

9   Paragraph (b) of subsection 170(6A) (second occurring)

Repeal the paragraph, substitute:

(b) either of the following subparagraphs applies:

(i) if the taxpayer is not a SPOR taxpayer for the year of income to which the application relates - the application is made within 4 years after the last day allowed to the taxpayer for lodging a return in relation to the taxpayer's income for that year of income;

(ii) if the taxpayer is a SPOR taxpayer for the year of income to which the application relates - the application is made within 2 years after the last day allowed to the taxpayer for lodging a return in relation to the taxpayer's income for that year of income; and