s 139X
In forceBasis of assessments
Part VIAdministration of property
Division 4BContribution by bankrupt and recovery of property
Subdivision FAssessments of income and contribution
139X Basis of assessments
(1)
In making an assessment of the income that is likely to be derived, or was derived, by a bankrupt during a contribution assessment period the trustee may have regard to any information provided by the bankrupt or any other information in the trustee’s possession.
(2)
If the trustee considers that any information provided by the bankrupt is or may be incorrect, the trustee may disregard that information and may make an assessment on the basis of what the trustee considers to be the correct information.
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.