Tax Laws Amendment (Improvements to Self Assessment) Act (No. 2) 2005 (161 of 2005)

Schedule 1   Assessments

Part 4   Consequential amendments

Division 1   SPOR taxpayer provisions

Taxation Administration Act 1953

29   Subsections 14ZW(1A) and (1AA)

Repeal the subsections, substitute:

(1A) The person cannot lodge a taxation objection against a private ruling that relates to a year of income after the end of whichever of the following ends last:

(a) 60 days after the ruling was made;

(b) whichever of the following is applicable:

(i) if item 1, 2 or 3 of the table in subsection 170(1) of the Income Tax Assessment Act 1936 applies to the person's assessment for that income year - 2 years after the last day allowed to the person for lodging a return in relation to the person's income for that year of income;

(ii) otherwise - 4 years after that day.