Document ID: chunk:federal_register_of_legislation:C2016C00974:clause:1_1
Version: federal_register_of_legislation:C2016C00974
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 8534–10960

1  Before Part 4‑15 in Schedule 1
Insert:

Part 4‑1—Returns and assessments

Division 155—Assessments

Table of Subdivisions
 Guide to Division 155
155‑A Making assessments
155‑B Amending assessments
155‑C Validity and review of assessments
155‑D Miscellaneous

Guide to Division 155

155‑1  What this Division is about

      This Division contains rules relating to assessments.
      The rules in this Division deal with the following:

                (a) how assessments are made or amended and their effect;
                (b) review of assessments.

Subdivision 155‑A—Making assessments

Table of sections
155‑5 Commissioner may make assessment
155‑10 Commissioner must give notice of assessment
155‑15 Self‑assessment
155‑20 Assessment of indirect tax on importations and customs dealing
155‑25 Special assessment
155‑30 Delays in making assessments

155‑5  Commissioner may make assessment
 (1) The Commissioner may at any time make an assessment of an *assessable amount (including an assessment that the amount is nil).
Note 1: For amendment of assessments, see Subdivision 155‑B.
Note 2: An assessment can be reviewed: see Subdivision 155‑C.
 (2) Each of the following is an assessable amount:
 (a) a *net amount;
 (b) a *net fuel amount;
 (c) an amount of *indirect tax not included in an amount covered by another paragraph of this subsection;
 (d) a credit under an *indirect tax law not included in an amount covered by another paragraph of this subsection.

155‑10  Commissioner must give notice of assessment
 (1) The Commissioner must give you notice of an assessment of an *assessable amount of yours as soon as practicable after the assessment is made.
Note: This section also applies to an amended assessment: see section 155‑80.
 (2) The Commissioner may give you the notice electronically if you are required to lodge, or have lodged, the return (if any) that relates to the *assessable amount electronically.

155‑15  Self‑assessment
 (1) The Commissioner is treated as having made an assessment under section 155‑5 of an *assessable amount mentioned in an item of the following table, if the document mentioned in the item is given to the recipient mentioned in the item:

Self‑assessed amounts
Item                   Column 1                                           Column 2          Column 3
                       Assessable amount                                  Recipient         Document