Petroleum Resource Rent Tax Assessment Act 1987

PART VI - RETURNS AND ASSESSMENTS  

Division 2 - Assessments (general)  

SECTION 63   DEFAULT ASSESSMENTS  

63(1)    
The Commissioner may make an assessment of the amount of a person's taxable profit (or that a person has no taxable profit) upon which, in the opinion of the Commissioner, tax is payable by the person, and of the amount of that tax (or that no tax is payable), if:


(a) the person makes default in giving a return to the Commissioner; or


(b) the Commissioner is not satisfied with the person's return; or


(c) the person has not given a return to the Commissioner, and the Commissioner has reason to believe that the person is liable to pay tax.

63(2)    
As soon as practicable after an assessment under subsection (1) is made, the Commissioner must give notice in writing of the assessment to the person.




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