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 155-5   COMMISSIONER MAY MAKE ASSESSMENT  

155-5(1)    
The Commissioner may at any time make an assessment of an * assessable amount (including an assessment that the amount is nil).

Note 1:

For amendment of assessments, see Subdivision 155-B .

Note 2:

An assessment can be reviewed: see Subdivision 155-C .


155-5(2)    
Each of the following is an assessable amount:

(a)    a * net amount;

(b)    a * net fuel amount;

(c)    an amount of * indirect tax not included in an amount covered by another paragraph of this subsection;

(d)    a credit under an * indirect tax law not included in an amount covered by another paragraph of this subsection;


(e) (Repealed by No 96 of 2014)

(f)    

an amount of *Division 293 tax payable for an income year in relation to an individual ' s *taxable contributions for the income year;

(g)    

an amount of *excess exploration credit tax for an income year;

(h)    

an amount of *excess transfer balance tax payable for an *excess transfer balance period;

(i)    

an amount of levy under the Major Bank Levy Act 2017 for a *quarter;

(j)    

an amount of *diverted profits tax;

(k)    

an amount of *first home super saver tax for an income year;

(l)    

an amount of *Laminaria and Corallina decommissioning levy for a financial year.
Note:

This Division has a modified operation in relation to diverted profits tax (see Division 145 ).





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