Treasury Laws Amendment (Combating Multinational Tax Avoidance) Act 2017 (27 of 2017)

Schedule 1   Diverted profits tax

Income Tax Assessment Act 1936

4   After subsection 170(11)


(12) Nothing in this section prevents the amendment, at any time, of an assessment to increase the liability of a taxpayer if:

(a) the Commissioner amends a DPT assessment to decrease the liability of the taxpayer to diverted profits tax; and

(b) that increase is attributable to that decrease.