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 155-15   SELF-ASSESSMENT  

155-15(1)  


The Commissioner is treated as having made an assessment under section 155-5 of an * assessable amount mentioned in an item of the following table, if the document mentioned in the item is given to the recipient mentioned in the item:


Self-assessed amounts
Item Column 1
Assessable amount
Column 2
Recipient
Column 3
Document
1 your * net amount for a * tax period the Commissioner your * GST return for the tax period
2 your * net fuel amount for a * tax period the Commissioner your * fuel tax return for the tax period
3 the * GST payable by you on a * taxable importation the Collector (within the meaning of the Customs Act 1901 ) or the Department administered by the Minister administering Part XII of that Act return, given as described in one of the following provisions, in relation to the importation:
(a) paragraph 69(8)(a) , (b) or (c) , or 70(7)(a) , of the Customs Act 1901 ;
(b) regulations prescribed for the purposes of paragraph 69(8)(d) of that Act
4 an amount of *excess exploration credit tax for an income year the Commissioner return given under section 418-160 for the income year
5 an amount of levy under the Major Bank Levy Act 2017 for a *quarter the Commissioner return given under section 115-5 for the quarter

Note:

There is no self-assessment of Division 293 tax, excess transfer balance tax or first home super saver tax.

155-15(2)  
The assessment is treated as having been made on the day the document is given to the recipient mentioned in column 2.

155-15(3)  
The amount assessed is:

(a)  if the document is required to state the * assessable amount - the amount (including a nil amount) stated; or

(b)  otherwise - the amount (including a nil amount) worked out in accordance with the information stated in the document.

155-15(4)  
The document is treated as being a notice of the assessment:

(a)  signed by the Commissioner; and

(b)  given to you under section 155-10 on the day the document is given to the recipient.

155-15(5)  
This section does not apply to an * assessable amount if the Commissioner has already assessed the assessable amount on or before the day mentioned in paragraph (4)(b).


 

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