Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 815.150

  (1)   Section   170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment of an entity for an income year if:

  (a)   the amendment is made within 7 years after the day on which the Commissioner gives notice of the assessment to the entity; and

  (b)   the amendment is made for the purpose of giving effect to section   815 - 115.

  (2)   Section   170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment at any time for the purpose of giving effect to section   815 - 145.