28
CurrentTaxpayer to advise commissioner if liability for tax under assessed
Part 3Assessments of tax
Division 5Other provisions
28 Taxpayer to advise commissioner if liability for tax under assessed
(1)
A taxpayer must advise the commissioner if the taxpayer becomes aware that—
(a)
an assessment of the taxpayer’s liability for tax was not, or is no longer, correct; and
(b)
the correct liability for tax is more than the amount stated in the assessment.
(2)
The taxpayer must comply with subsection (1) within 30 days after becoming aware of the matters mentioned in the subsection.
This Act’s bill:Explanatory memorandum
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