Income Tax Assessment Act 1997
Despite section 276-345 , an *AMIT does not have an *under or an *over of a particular character for an income year (the base year ) if:
(a) assuming the Commissioner made an assessment of the *trust component of that character on the day on which the document stating the AMIT ' s *determined trust component of that character for the base year was created; and
(b) assuming the assessment had not been amended at the discovery time mentioned in subsection 276-345(2) for the under or over;
section 170 of the Income Tax Assessment Act 1936 would prevent the assessment from being amended to take account of the under or over.
Section 170 of the Income Tax Assessment Act 1936 specifies the usual period within which assessments may be amended.