Income Tax Assessment Act 1997



Division 295 - Taxation of superannuation entities  

Subdivision 295-I - No-TFN contributions  

SECTION 295-625   Assessments  

(Repealed by No 81 of 2016)

If the conditions in subsection (3) are met, the Commissioner is taken to have made an assessment of a kind set out in subsection (4).

The conditions are:

(a) one of the following gives the Commissioner an *income tax return for an income year on a particular day (the return day ):

(i) a *superannuation provider in relation to a *complying superannuation fund;

(ii) a superannuation provider in relation to a *non-complying superannuation fund;

(iii) an *RSA provider; and

(b) the return is the first income tax return given by the provider for the year; and

(c) the Commissioner has not already made an assessment of a kind set out in subsection (4) for the provider for the year.

The assessment is taken to have been made for the provider for the income year on the return day, and to be an assessment, in accordance with the information stated in the return, of the amount of income tax payable on the *no-TFN contributions income (if any) of the provider (or to be an assessment that no tax is payable).

The return is taken to be notice of the assessment signed by the Commissioner and given to the provider on the return day.


The return may also be taken to be a notice of another assessment: see section 166A of the Income Tax Assessment Act 1936 .


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