Document ID: chunk:federal_register_of_legislation:C2015C00338:clause:2_1:p1
Version: federal_register_of_legislation:C2015C00338
Segment Type: clause
Provision Reference: sch 2 cl 1 (pt 1/5)
Character Range: 82023–84873

1                      the *MRRT payable by you for an *MRRT year in relation to your *taxable mining profit for the MRRT year  the Commissioner  your *MRRT return for the MRRT year

 (2) The assessment is treated as having been made on the day the document is given to the recipient mentioned in column 2.
 (3) The amount assessed is:
 (a) if the document is required to state the *assessable amount—the amount (including a nil amount) stated; or
 (b) otherwise—the amount (including a nil amount) worked out in accordance with the information stated in the document.
 (4) The document is treated as being a notice of the assessment:
 (a) signed by the Commissioner; and
 (b) given to you under section 155‑10 on the day the document is given to the recipient.
 (5) This section does not apply to an *assessable amount if the Commissioner has already assessed the assessable amount on or before the day mentioned in paragraph (4)(b).

155‑25  Special assessment
  For the purposes of making, under section 155‑5, an assessment of an *assessable amount that relates to a period (e.g. an *MRRT year), the Commissioner may treat part of the period as being the whole period.

Subdivision 155‑B—Amending assessments

Table of sections

When Commissioner may amend assessments
155‑35 Amendment during period of review
155‑40 Amendment during period of review—certain applications taken to be notices
155‑45 Amendment on application
155‑50 Amendment to give effect to private ruling
155‑55 Amendment to give effect to certain anti‑avoidance determinations
155‑57 Amendment to give effect to MRRT anti‑profit shifting rules
155‑60 Amendment because of review, objection or fraud

Special rules about amending amended assessments
155‑65 Amending amended assessments
155‑70 Refreshed period of review

General rules
155‑75 Refunds of amounts overpaid
155‑80 Amended assessments are assessments

When Commissioner may amend assessments

155‑35  Amendment during period of review

Amendment
 (1) The Commissioner may amend an assessment of an *assessable amount within the *period of review for the assessment.
Note 1: An amendment of an assessment can be reviewed: see Subdivision 155‑C.
Note 2: This section also applies to amended assessments: see section 155‑80. However, there are limits on how amended assessments can be amended: see sections 155‑65 and 155‑70.

Meaning of period of review and original assessment
 (2) The period of review, for an assessment of an *assessable amount of yours, is:
 (a) the period:
 (i) starting on the day on which the Commissioner gives notice of the *original assessment of the assessable amount to you under section 155‑10; and
 (ii) ending on the last day of the period of 4 years starting the day after that day; or
 (b) if the period of review is extended under subsection (4) or (5) of this section—the period as