Taxation Administration Act 1953

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

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History

Sch 1 inserted by No 178 of 1999 (as amended by No 179 of 1999 and No 44 of 2000).

Note: See section 3AA .

Chapter 3 - Collection, recovery and administration of other taxes  

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Ch 3 inserted by No 73 of 2006 , s 3 and Sch 5 item 41, effective 1 July 2006.

PART 3-30 - DIVERTED PROFITS TAX  

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Pt 3-30 inserted by No 27 of 2017, s 3 and Sch 1 item 44, applicable in relation to DPT tax benefits for a year of income that starts on or after 1 July 2017 (whether or not the DPT tax benefit arises in connection with a scheme that was entered into, or was commenced to be carried out, before 1 July 2017).

Division 145 - Assessments of diverted profits tax  

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Div 145 inserted by No 27 of 2017, s 3 and Sch 1 item 44, applicable in relation to DPT tax benefits for a year of income that starts on or after 1 July 2017 (whether or not the DPT tax benefit arises in connection with a scheme that was entered into, or was commenced to be carried out, before 1 July 2017).

Guide to Division 145  

SECTION 145-10  

145-10   WHEN DPT ASSESSMENTS CAN BE MADE  

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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.

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S 145-10 inserted by No 27 of 2017, s 3 and Sch 1 item 44, applicable in relation to DPT tax benefits for a year of income that starts on or after 1 July 2017 (whether or not the DPT tax benefit arises in connection with a scheme that was entered into, or was commenced to be carried out, before 1 July 2017).

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