Self‑assessment
155-15 Self‑assessment
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 | the *MRRT payable by you for an *MRRT year in relation to your *taxable mining profit for the MRRT year | the Commissioner | your *MRRT return for the MRRT year |
The assessment is treated as having been made on the day the document is given to the recipient mentioned in column 2.
The amount assessed is:
if the document is required to state the *assessable amount—the amount (including a nil amount) stated; or
otherwise—the amount (including a nil amount) worked out in accordance with the information stated in the document.
The document is treated as being a notice of the assessment:
signed by the Commissioner; and
given to you under section 155‑10 on the day the document is given to the recipient.
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).
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.