Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 378 - Digital games (tax offset for Australian expenditure on digital games)  

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History

Div 378 inserted by No 29 of 2023, s 3 and Sch 1 item 2, effective 1 July 2023 and applicable in relation to expenditure incurred on or after 1 July 2022.

Subdivision 378-C - Certificates for digital games tax offset  

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History

Subdiv 378-C inserted by No 29 of 2023, s 3 and Sch 1 item 2, effective 1 July 2023 and applicable in relation to expenditure incurred on or after 1 July 2022.

SECTION 378-80  

378-80   Amendment of assessments  

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Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment given to a company for the purposes of giving effect to this Division for an income year if:

(a)    after the Commissioner gave notice of the assessment to the company, a certificate issued under section 378-25 of this Act to the company is either:

(i) amended under section 378-75 of this Act; or

(ii) revoked under section 378-70 of this Act; and

(b)    the amendment of the assessment is made at any time during the period of 4 years starting immediately after the amendment or revocation of the certificate.

Note:

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

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History

S 378-80 inserted by No 29 of 2023, s 3 and Sch 1 item 2, effective 1 July 2023 and applicable in relation to expenditure incurred on or after 1 July 2022.

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