• Initiatives to complement self-assessment

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    There are a number of initiatives administered by the ATO which complement self-assessment. Examples include:

    • a change in penalty provisions so that, if you take reasonable care with your tax affairs, you will not receive a penalty for honest mistakes - but please note that interest on omitted income or overclaimed deductions and rebates could still be payable
    • the process for applying for a private ruling
    • your entitlement to interest on early payment - or overpayment - of a tax debt
    • the process for applying for an amendment if you find you left something out of your tax return.
    Last modified: 18 Sep 2009QC 18323