23
CurrentLimitation period does not apply to particular reassessments
Part 3Assessments of tax
Division 3Reassessments
23 Limitation period does not apply to particular reassessments
Despite sections 21(1) and 22(1)—
(a)
if an appeal against, or review of, a decision on an objection to an assessment is started, the commissioner may, under section 17, make a reassessment after the limitation period and before a decision is made on the appeal or review if the taxpayer agrees; and
(b)
the limitation period does not apply to a reassessment made—
(i)
under section 18(a) or 19; or
(ii)
under section 18(b) if a provision of the revenue law for which the reassessment is made declares the limitation period does not apply.
This Act’s bill:Explanatory memorandum
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