INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-6 - THE IMPUTATION SYSTEM  

Division 214 - Administering the imputation system  

SECTION 214-35   Amendments within 3 years of the original assessment  

214-35(1)  
The Commissioner may amend a franking assessment for the entity for the balancing period at any time during the period of 3 years after the original assessment day for the entity for the period.

214-35(2)  
The original assessment day for the entity for the balancing period is the day on which the first franking assessment for the entity for the period is made.




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