Taxation Administration Act 1953
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Hide history noteNote: See section 3AA .
Chapter 4 - Generic assessment, collection and recovery rulesThe Commissioner may at any time make an assessment of an * assessable amount (including an assessment that the amount is nil).
Note 1:
For amendment of assessments, see Subdivision 155-B .
Note 2:
An assessment can be reviewed: see Subdivision 155-C .
155-5(2)
Each of the following is an assessable amount: (a) a * net amount; (b) a * net fuel amount; (c) an amount of * indirect tax not included in an amount covered by another paragraph of this subsection; (d) a credit under an * indirect tax law not included in an amount covered by another paragraph of this subsection;
(e) (Repealed by No 96 of 2014) (f) an amount of *Division 293 tax payable for an income year in relation to an individual ' s *taxable contributions for the income year; (g) an amount of *excess exploration credit tax for an income year; (h) an amount of *excess transfer balance tax payable for an *excess transfer balance period; (i) an amount of levy under the Major Bank Levy Act 2017 for a *quarter; (j) an amount of *diverted profits tax; (k) an amount of *first home super saver tax for an income year; (l) an amount of *Laminaria and Corallina decommissioning levy for a financial year.
Note:
This Division has a modified operation in relation to diverted profits tax (see Division 145 ).
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