s 214-55
In forceLater amendments—failure to make proper disclosure
Chapter 3Specialist liability rules
Part 3-6The imputation system
Division 214Administering the imputation system
214-55 Later amendments—failure to make proper disclosure
If:
(a)
the entity does not make a full and true disclosure to the Commissioner of the information necessary for a franking assessment for the entity for the balancing period; and
(b)
in making the assessment, the Commissioner makes an under‑assessment; and
(c)
the Commissioner is not of the opinion that the under‑assessment is due to fraud or evasion;
the Commissioner may amend the assessment at any time during the period of 6 years after the original franking assessment day.
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