54
CurrentReassessments cannot be made more than 5 years after the date of original assessments of levy liability
54 Reassessments cannot be made more than 5 years after the date of original assessments of levy liability
(1)
A reassessment under section 53(2)(a) cannot be made more than 5 years after the date of the original assessment of the levy liability.
(2)
The time limited under subsection (1) applies even if the original assessment is withdrawn.
This Act’s bill:Explanatory memorandumSecond reading speech
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