Tax Laws Amendment (Improvements to Self Assessment) Act (No. 2) 2005 (161 of 2005)
Schedule 1 Assessments
Part 4 Consequential amendments
Division 1 SPOR taxpayer provisions
Taxation Administration Act 1953
29 Subsections 14ZW(1A) and (1AA)
Repeal the subsections, substitute:
(1A) The person cannot lodge a taxation objection against a private ruling that relates to a year of income after the end of whichever of the following ends last:
(a) 60 days after the ruling was made;
(b) whichever of the following is applicable:
(i) if item 1, 2 or 3 of the table in subsection 170(1) of the Income Tax Assessment Act 1936 applies to the person's assessment for that income year - 2 years after the last day allowed to the person for lodging a return in relation to the person's income for that year of income;
(ii) otherwise - 4 years after that day.
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