Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 376 - Films generally (tax offsets for Australian production expenditure)  

Subdivision 376-D - Certificates for films and other matters  

SECTION 376-270   376-270   Amendment of assessments  


Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment for the purposes of giving effect to this Division for an income year if:


(a) a certificate issued to a company for a * film is revoked under section 376-245 after the time the company lodged its * income tax return for an income year; and


(b) the amendment is made at any time during the period of 4 years starting immediately after the revocation of the certificate.

Note:

Section 170 of that Act specifies the periods within which assessments may be amended.


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