TAXATION ADMINISTRATION ACT 1953
Note: See section 3AA.Chapter 4 - Generic assessment, collection and recovery rules
The Commissioner may at any time make an assessment of an *assessable amount (including an assessment that the amount is nil).
For amendment of assessments, see Subdivision 155-B.
An assessment can be reviewed: see Subdivision 155-C.
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(e) (Repealed by No 96 of 2014)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.
This Division has a modified operation in relation to diverted profits tax (see Division 145).
[ CCH Note: S 155-5(2) will be amended by No 21 of 2015, s 3 and Sch 6 items 65 and 66, by substituting "year." for "year;" in para (f) and omitting para (g), effective 1 July 2020. For savings provisions, see note under s 45-340.]