Tax and Superannuation Laws Amendment (2015 Measures No. 2) Act 2015 (130 of 2015)
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 3 to this Act (Instalment trusts); and
(b) the amendment is made for the purpose of giving effect to that Schedule; and
(c) the amendment is made within 2 years after that commencement.
(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 Schedule 4 to this Act (Company losses); and
(b) the amendment is made for the purpose of giving effect to that Schedule; and
(c) the amendment is made within 4 years after that commencement.
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