Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_143:p21
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 143 (pt 21/24)
Character Range: 1200993–1203600

that day, the charge has not been assessed under that Act.
 (1B) For the purposes of this Division, if you have a *net amount for a *tax period:
 (a) you are treated as being liable to pay that net amount; and
 (b) that liability is treated as having arisen on the day by which you must give your *GST return for the tax period to the Commissioner in accordance with Division 31 of the *GST Act; and
 (c) that liability is treated as being payable on that day; and
 (d) the entire amount of that liability is treated as being unpaid.

Amount of estimate
 (2) The amount of the estimate must be what the Commissioner thinks is reasonable.
 (3) In making the estimate, the Commissioner may have regard to anything he or she thinks relevant.
Example 1: In the case of an underlying liability under section 16‑70 (requirement to pay to the Commissioner amounts you have withheld under the Pay as you go withholding rules), the Commissioner may have regard to information about amounts you withheld under the Pay as you go rules before the period in relation to which the underlying liability arose.
Example 2: In the case of an underlying liability to pay superannuation guarantee charge for a quarter, the Commissioner may have regard to information about your contributions to RSAs and complying superannuation funds for earlier quarters.

Only one estimate for each liability
 (4) While the estimate is in force, the Commissioner cannot make another estimate relating to the underlying liability.
 (5) For the purposes of subsection (4), the estimate is in force if:
 (a) the Commissioner has given you notice of the estimate; and
 (b) the estimate has not been revoked; and
 (c) your liability to pay the estimate has not been discharged.

268‑15  Notice of estimate

Commissioner must give notice of estimate
 (1) The Commissioner must give you written notice of the estimate.

Content of notice
 (2) The notice must:
 (a) identify the underlying liability; and
 (b) specify the date of the estimate; and
 (c) set out the amount of the estimate; and
 (d) state that the amount of the estimate is due and payable; and
 (e) explain how you may have the amount of the estimate reduced or the estimate revoked.
 (3) To avoid doubt, a single notice may relate to 2 or more estimates, but must comply with subsection (2) in relation to each of them.

When notice is given
 (4) Despite section 29 of the Acts Interpretation Act 1901, a notice under subsection (1) is taken to be given at the time the Commissioner leaves or posts it.
Note: Section 28A of the Acts Interpretation Act 1901 may be relevant to giving