Income Tax (Transitional Provisions) Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-6
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THE IMPUTATION SYSTEM
Division 214
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Administering the imputation system
SECTION 214-35
Amendments within 3 years of the original assessment
214-35(1)
The Commissioner may amend a franking assessment for the entity for the balancing period at any time during the period of 3 years after the original assessment day for the entity for the period.
214-35(2)
The original assessment day for the entity for the balancing period is the day on which the first franking assessment for the entity for the period is made.
View history note
Hide history noteThe Commissioner may amend a franking assessment for the entity for the balancing period at any time during the period of 3 years after the original assessment day for the entity for the period.
214-35(2)
The original assessment day for the entity for the balancing period is the day on which the first franking assessment for the entity for the period is made.
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