Document ID: chunk:federal_register_of_legislation:C2004A00735:clause:1_20g
Version: federal_register_of_legislation:C2004A00735
Segment Type: clause
Provision Reference: sch 1 cl 20G
Character Range: 126859–127810

20G  Assessment based on estimate of eligible revenue

 (1) If a participating person fails to give the ACA an eligible revenue return for an eligible revenue period, the ACA may:
 (a) estimate the person's eligible revenue for that period; and
 (b) make a written assessment under section 20F of the person's eligible revenue for that period based on that estimate (but taking into account subsection 20F(2)).

 (2) The ACA must give at least 14 days' notice to the person of the ACA's proposal to make the assessment based on the estimate, and of the amount of eligible return proposed to be assessed. The notice must be in writing.

 (3) The ACA must not make an assessment based on an estimate after receiving an eligible revenue return for the period from the person concerned.

 (4) However, if the ACA has made an assessment based on the estimate, the ACA is not required to change it if an eligible revenue return is later given to the ACA.