PETROLEUM RESOURCE RENT TAX ASSESSMENT ACT 1987

PART VI - RETURNS AND ASSESSMENTS  

Division 3 - Assessments (amendment)  

SECTION 69   AMENDING AMENDED ASSESSMENTS  

Limit on amending amended assessments under subsection 67(1)

69(1)  
The Commissioner cannot amend an amended assessment under subsection 67(1) if the period mentioned in that subsection in relation to the original assessment concerned has ended.

Note:

The Commissioner may amend amended assessments at any time if subsection 67(2) applies.

Refreshed amendment period for amending amended assessments

69(2)  
The Commissioner may amend an amended assessment (the earlier amended assessment ), to increase a person's liability in relation to a particular, within 4 years after the day the Commissioner gave the person notice of the earlier amended assessment, if:


(a) the earlier amended assessment reduced the person's liability in relation to the particular; and


(b) the Commissioner accepted a statement made by the person in making the earlier amended assessment.

69(3)  
The Commissioner may also amend an amended assessment (the earlier amended assessment ), to reduce a person's liability in relation to a particular, within 4 years after the day the Commissioner gave the person notice of the earlier amended assessment, if:


(a) the earlier amended assessment increased the person's liability in relation to the particular; or


(b) the earlier amended assessment reduced the person's liability in relation to the particular, but paragraph (2)(b) does not apply.

69(4)  
The Commissioner cannot amend an assessment under subsection (3) in relation to a particular if the Commissioner has previously amended an assessment under subsection (2) in relation to that particular.

Note 1:

The earlier amended assessment may be an amendment of the original assessment or of a previous amendment of the original assessment.

Note 2:

the Commissioner may amend the earlier amended assessment at any time if subsection 67(2) applies.

Note 3:

The amendment period mentioned in this section may be extended under section 70 .




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