PETROLEUM RESOURCE RENT TAX ASSESSMENT ACT 1987

PART VI - RETURNS AND ASSESSMENTS  

Division 3 - Assessments (amendment)  

SECTION 67   AMENDMENT OF ASSESSMENTS  

67(1)  
The Commissioner may amend an assessment in relation to a person within 4 years after the day on which notice of the assessment was given to the person.

Note 1:

If a person ' s return is taken to be an assessment under section 62 , the Commissioner is taken to have given a notice of assessment to the person on the day the person gave the return to the Commissioner: see subsection 62(4) .

Note 2:

The amendment period may be extended: see sections 69 , 70 and 71 .

67(2)  
In addition, the Commissioner may amend an assessment at any time:


(a) if he or she is of the opinion there has been fraud or evasion; or


(b) to give effect to a decision on a review of appeal; or


(c) as a result of an objection, or pending a review or appeal; or


(d) to give effect to a determination under paragraph 53(1)(c) ; or


(e) to take account of the operation of subsection 5(4) , 20(8) , 45A(3) , 45B(3) or 45C(6) .

67(3)  
As soon as practicable after the Commissioner amends an assessment in relation to a person, the Commissioner must give notice in writing of the amended assessment to the person.

Note:

This section applies to assessments even if no tax is payable: see the definition of assessment in section 2 .




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