Tax Laws Amendment (2007 Measures No. 2) Act 2007 (78 of 2007)

Schedule 3   Research and development

Taxation Administration Act 1953

22   After paragraph 14ZW(1)(bb)

Insert:

(bc) if the taxation objection is made under subsection 73IA(2) of the Income Tax Assessment Act 1936:

(i) if item 2 or 3 of the table in subsection 170(1) of that Act would apply to an assessment of the person for the tax offset year referred to in section 73I of that Act - 2 years after notice of the amount (if any) of a tax offset allowable to the person under section 73I of that Act is given to the person; or

(ii) otherwise - 4 years after the notice concerned is given to the person; or