TAXATION ADMINISTRATION ACT 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 4 - Generic assessment, collection and recovery rules  

PART 4-1 - RETURNS AND ASSESSMENTS  

Division 155 - Assessments  

Subdivision 155-A - Making assessments  

SECTION 155-15   SELF-ASSESSMENT  

155-15(1)  


The Commissioner is treated as having made an assessment under section 155-5 of an * assessable amount mentioned in an item of the following table, if the document mentioned in the item is given to the recipient mentioned in the item:


Self-assessed amounts
Item Column 1
Assessable amount
Column 2
Recipient
Column 3
Document
1 your * net amount for a * tax period the Commissioner your * GST return for the tax period
2 your * net fuel amount for a * tax period the Commissioner your * fuel tax return for the tax period
3 the * GST payable by you on a * taxable importation the Collector (within the meaning of the Customs Act 1901 ) or the Department administered by the Minister administering Part XII of that Act return, given as described in one of the following provisions, in relation to the importation:
(a) paragraph 69(8)(a) , (b) or (c), or 70(7)(a) , of the Customs Act 1901 ;
(b) regulations prescribed for the purposes of paragraph 69(8)(d) of that Act
4 an amount of *excess exploration credit tax for an income year the Commissioner return given under section 418-160 for the income year
5 an amount of levy under the Major Bank Levy Act 2017 for a *quarter the Commissioner return given under section 115-5 for the quarter

Note:

There is no self-assessment of Division 293 tax, excess transfer balance tax or first home super saver tax.

155-15(2)  
The assessment is treated as having been made on the day the document is given to the recipient mentioned in column 2.

155-15(3)  
The amount assessed is:


(a) if the document is required to state the * assessable amount - the amount (including a nil amount) stated; or


(b) otherwise - the amount (including a nil amount) worked out in accordance with the information stated in the document.

155-15(4)  
The document is treated as being a notice of the assessment:


(a) signed by the Commissioner; and


(b) given to you under section 155-10 on the day the document is given to the recipient.

155-15(5)  
This section does not apply to an * assessable amount if the Commissioner has already assessed the assessable amount on or before the day mentioned in paragraph (4)(b).




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.