Income Tax Assessment Act 1936

PART IV - RETURNS AND ASSESSMENTS  

SECTION 168   SPECIAL ASSESSMENT  

168(1)    

The Commissioner may at any time during any year, or after its expiration, make an assessment of:

(a) the taxable income derived (or that there is no taxable income) in that year or any part of it by any taxpayer; and

(b) the tax payable thereon (or that no tax is payable); and

(c) the total of the taxpayer ' s tax offset refunds for that year or that part of it (or that the taxpayer can get no such refunds).

168(2)   [Income period less than a year]  

Where the income, in respect of which such an assessment is made, is derived in a period less than a year, the assessment shall be made as if the beginning and end of that period were the beginning and end respectively of the year of income.