Document ID: chunk:federal_register_of_legislation:C2005A00042:clause:1_17
Version: federal_register_of_legislation:C2005A00042
Segment Type: clause
Provision Reference: sch 1 cl 17
Character Range: 20017–20624

17  Fresh assessments

 (1) Subject to subsection (2), if the APVMA is satisfied that an assessment was incorrect, the APVMA may make a fresh assessment under section 16 in substitution for the incorrect assessment, even though levy or understatement penalty may have been paid in respect of the incorrect assessment.

 (2) A fresh assessment may:
 (a) if the incorrect assessment was based on false or misleading information given to the APVMA or to an inspector—be made at any time; or
 (b) otherwise—be made only within 4 years from the date on which levy became payable under the incorrect assessment.