155-50
CurrentAmendment to give effect to private ruling
Volume 2Schedule 1, Chapter 2, Part 2-10 to Chapter 4, Part 4-25 (sections 45-1 to 298-110)
Schedule 1Collection and recovery of income tax and other liabilities
Chapter 4Generic assessment, collection and recovery rules
Part 4-1Returns and assessments
Division 155Assessments
Subdivision 155-BAmending assessments
155-50 Amendment to give effect to private ruling
The Commissioner may amend an assessment of an *assessable amount of yours at any time, if:
(a)
you apply for a *private ruling during the *period of review for the assessment; and
(b)
the Commissioner makes a private ruling because of the application.
The Commissioner may amend the assessment to give effect to the ruling.
This Act’s bill:Second reading speech
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