Document ID: chunk:federal_register_of_legislation:C2016C00974:clause:2_1
Version: federal_register_of_legislation:C2016C00974
Segment Type: clause
Provision Reference: sch 2 cl 1
Character Range: 82441–83387

1  Subsection 17‑20(2)
Repeal the subsection, substitute:
 (2) The matters must relate to correction of errors:
 (a) that were made in working out *net amounts to which subsection (2A) applies; and
 (b) that do not relate to amounts:
 (i) that have ceased to be payable by you because of section 105‑50 in Schedule 1 to the Taxation Administration Act 1953; or
 (ii) to which, because of section 105‑55 in that Schedule, you are not entitled.
Note: Paragraph (2)(b) will be repealed on 1 January 2017: see Part 2 of Schedule 1 to the Indirect Tax Laws Amendment (Assessment) Act 2012.
 (2A) This subsection applies to a *net amount for a tax period (the earlier tax period) if:
 (a) the earlier tax period precedes the tax period mentioned in subsection (1); and
 (b) if the earlier tax period started on or after 1 July 2012—the tax period mentioned in subsection (1) starts during the *period of review for the *assessment of the *net amount.