• Initiatives to complement self-assessment

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

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    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.
    Last modified: 28 Jul 2003QC 16187