TAXATION ADMINISTRATION ACT 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA.

Chapter 4 - Generic assessment, collection and recovery rules  

PART 4-1 - RETURNS AND ASSESSMENTS  

Division 155 - Assessments  

Subdivision 155-A - Making assessments  

SECTION 155-5   COMMISSIONER MAY MAKE ASSESSMENT  

155-5(1)  
The Commissioner may at any time make an assessment of an *assessable amount (including an assessment that the amount is nil).

155-5(2)  
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(e) (Repealed by No 96 of 2014)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.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.