Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)
4 Amendment of assessments
(1) Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment if:
(a) the assessment was made before the commencement of Schedule 2 to this Act; and
(b) the amendment is made for the purpose of giving effect to item 1 or 2 of that Schedule; and
(c) the amendment is made within 4 years after the end of the income year in which the relevant CGT event happened.
(2) Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment if:
(a) the assessment was made before the commencement of this section; and
(b) the amendment is made within 2 years after that commencement; and
(c) the amendment is made for the purpose of giving effect to Schedule 5 to this Act.
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