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 tax offsets 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.