Withdrawal of assessment or reassessment
62 Withdrawal of assessment or reassessment
Subject to this section, the Secretary may withdraw an assessment or reassessment within 5 years after the original assessment is made, whether or not the amount of the levy stated in the levy assessment notice has been paid.
The Secretary must withdraw an assessment or reassessment if—
section 25 applies; or
the Secretary, in making a reassessment, determines that the person in respect of whom there has been an assessment or reassessment is not a liable person; or
it is necessary for the Secretary to give effect to a decision on an objection or review.
A withdrawal of an assessment or reassessment must be—
in writing; and
served on the person who was served the withdrawn assessment or reassessment, as the case requires.
Note
See also section 63.
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.