Indirect Tax Laws Amendment (Assessment) Act 2012 (39 of 2012)

Schedule 1   Assessment of amounts under indirect tax laws

Part 1   Amendments commencing on 1 July 2012

Division 2   Definitions

Income Tax Assessment Act 1997

22   Subsection 995-1(1) (definition of assessment )

Repeal the definition (not including the note), substitute:

assessment :

(a) of an *assessable amount, means an ascertainment of the assessable amount; and

(b) in relation to a *tax-related liability not covered by paragraph (a), has the meaning given by a *taxation law that provides for the assessment of the amount of the liability.